Eurozone reduces deficit to 2.9% in 2025 and Portugal has the 5th largest surplus in the EU

Wednesday, 22 April 2026RSS
Eurozone reduces deficit to 2.9% in 2025 and Portugal has the 5th largest surplus in the EU

The Eurozone reduced its public deficit by 0.1 percentage points to 2.9% of Gross Domestic Product (GDP) in 2025, while in the European Union (EU) it remained at 3.1%, Eurostat reported this Wednesday, the 22nd. Portugal recorded the fifth largest positive budgetary balance in the EU (0.7%), with Cyprus (3.4%), Denmark (2.9%), Ireland (1.8%), and Greece (1.7%) showing the most significant surpluses relative to GDP. All other 22 member states closed 2025 with public deficits, led by Romania (-7.9%), Poland (-7.3%), Belgium (-5.1%), and France (-5.1%), with the European statistical service noting that 11 countries had deficits equal to or greater than the 3% limit, above which they may be subject to procedures by the European Commission. Regarding public debt, in the Eurozone it increased from 87.0% in 2024 to 87.8% of GDP in 2025, and in the EU it grew by one percentage point to 81.7%. By the end of 2025, the lowest public debts were observed in Estonia (24.1% of GDP), Luxembourg (26.5%), Denmark (27.9%), Bulgaria (29.9%), Ireland (32.9%), Sweden (35.1%), and Lithuania (39.5%). Twelve member states presented public debt ratios higher than 60% of GDP, with the highest observed in Greece (146.1%), Italy (137.1%), France (115.6%), Belgium (107.9%), and Spain (100.7%). Portugal closed 2025 with another decline in public debt, to 89.7% of GDP compared to 93.5% the previous year. The Eurozone deficit rose to 3.2% of GDP in the 3rd quarter of 2025.

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