Romania records highest EU deficit in 2024

Business Forum

22 April, 2025 at 2:16 PM

Romania recorded the highest government deficit among EU member states in 2024, standing at -9.3% of GDP.

Following Romania, Poland (-6.6%), France (-5.8%), and Slovakia (-5.3%) reported the next highest deficits.

Meanwhile, only a small minority of states recorded a surplus , including Denmark (+4.5%), Ireland and Cyprus (both +4.3%), Greece (+1.3%), Luxembourg (+1.0%), and Portugal (+0.7%).

The data also highlights that twelve Member States had deficits equal to or higher than 3% of GDP, signalling widespread fiscal strain across the EU.

Across the Euro area, government expenditure in 2024 was equivalent to 49.6% of GDP, and government revenue to 46.5%. The figures for the EU were 49.2% and 46.0%, respectively. Both government revenue and expenditure ratios increased in the Euro area and the EU compared to 2023.

Eurostat data also shows that Romania's GDP expanded by 9.73% in 2024 versus 2023 to RON 1,760,118 million. The country's public debt rose to 54.8% of GDP in 2024 versus 48.9% in 2023.

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