At the end of the third quarter of 2022, the average government deficit ratio was 3.3% of GDP and the average government debt ratio was 93.0% of GDP in the euro area, compared with the previous quarter, according to data published by the Statistical Office of the European Union (Eurostat) on Monday 23 January.
At EU level, the average government deficit to GDP ratio was 3.2% and the average government debt ratio was 85.1% of GDP.
Eurostat notes “sizeable” increases in deficit compared...