euroflation.

Eurozone government budget balance by country

Government budget balance across the euro area (2025) ranges from 3.4% (Cyprus) down to -5.2% (Belgium), against a euro-area average of -2.9%.

🇨🇾Cyprus3.4%2025▲ 9.0
🇮🇪Ireland1.8%2025▲ 6.8
🇬🇷Greece1.7%2025▲ 11.6
🇵🇹Portugal0.7%2025▲ 6.5
🇳🇱Netherlands-1.6%2025▲ 2.1
🇱🇹Lithuania-1.8%2025▲ 4.6
🇪🇪Estonia-2.0%2025▲ 3.4
🇱🇺Luxembourg-2.0%2025▲ 1.1
🇲🇹Malta-2.2%2025▲ 6.5
🇪🇸Spain-2.4%2025▲ 7.5
🇱🇻Latvia-2.5%2025▲ 1.6
🇸🇮Slovenia-2.5%2025▲ 5.2
🇩🇪Germany-2.7%2025▲ 1.7
🇭🇷Croatia-3.0%2025▲ 4.2
🇮🇹Italy-3.1%2025▲ 6.3
🇫🇮Finland-3.4%2025▲ 2.1
🇧🇬Bulgaria-3.5%2025▲ 0.3
🇦🇹Austria-4.2%2025▲ 4.0
🇸🇰Slovakia-4.5%2025▲ 0.8
🇫🇷France-5.1%2025▲ 3.8
🇧🇪Belgium-5.2%2025▲ 3.8
rising (faster growth) falling / contraction▲▼ arrows always paired with colour (colourblind-safe)Tap a column header to sort.

Source: Eurostat (gov_10dd_edpt1) · data through 2025 · released 2026-04-22 · modifications: none

See the euro-area aggregate →

Frequently asked questions

Which euro-area country has the highest government budget balance?
Cyprus, at 3.4%.
Which euro-area country has the lowest government budget balance?
Belgium, at -5.2%.
What is the euro-area average government budget balance?
The euro-area average is -2.9%.