Seasonally adjusted government deficit at 3.3% of GDP in the euro area
Finance Classified by Officially
In the second quarter of 2026, the seasonally adjusted general government deficit to GDP ratio stood at 3.3% in the euro area (EA21) and at 3.5% in the EU. The euro area deficit to GDP ratio increased slightly compared to 3.2% in the first quarter of 2026, while the EU deficit to GDP ratio increased compared to 3.1% in the previous quarter.
These data are released by Eurostat, the statistical office of the European Union.
Seasonally adjusted* general government total revenue, total expenditure and surplus (+) / deficit (-)
in the euro area and EU (% of GDP)
Seasonally adjusted government revenue and expenditure for the euro area and EU
In the second quarter of 2026, government total revenue in the euro area amounted to 46.8% of GDP. The decrease compared with 46.9% in the first quarter of 2026 was mainly due to an increase in seasonally adjusted government total revenue in absolute terms by around €21 billion being outweighed by an increase in nominal GDP. Government total expenditure in the euro area stood at 50.1% of GDP, an increase compared with the previous quarter (50.0% of GDP) due to an increase in seasonally adjusted total government expenditure by around €28 billion.
In the EU, government total revenue was 46.3% of GDP in the second quarter of 2026, with the ratio decreased compared to 46.4% in the first quarter of 2026, as an increase of seasonally adjusted total revenue in the EU by around €25 billion was outweighed by an increase in nominal GDP. Government total expenditure in the EU was 49.8% of GDP, an increase compared with 49.6% of GDP in the previous quarter. Seasonally adjusted total expenditure increased by around €42 billion compared with the previous quarter.
Seasonally adjusted* general government surplus (+) / deficit (-)
* calendar and seasonally adjusted. EU and euro area data are based on national estimates.
Seasonally adjusted* general government surplus (+) / deficit (-)
Change on the previous quarter in percentage points of GDP
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