EU Deficit & Debt 2009

[Tender Branson]

Was released today by EUROSTAT:

Deficit (% of GDP)

  -0.7% Luxembourg
  -0.9% Sweden
  -1.7% Estonia
  -2.5% Finland
  -2.7% Denmark
  -3.0% Germany
  -3.5% Austria
  -3.8% Malta
  -4.4% Hungary
  -4.7% Bulgaria
  -5.3% Italy
  -5.4% Netherlands
  -5.8% Czech Republic
  -5.8% Slovenia
  -6.0% Belgium
  -6.0% Cyprus
  -7.2% Poland
  -7.5% France
  -7.9% Slovakia
  -8.6% Romania
  -9.2% Lithuania
  -9.3% Portugal
-10.2% Latvia
-11.1% Spain
-11.4% United Kingdom
-14.4% Ireland
-15.4% Greece

Debt (% of GDP)

    7.2% Estonia
  14.5% Luxembourg
  14.7% Bulgaria
  23.9% Romania
  29.5% Lithuania
  35.3% Czech Republic
  35.4% Slovakia
  35.4% Slovenia
  36.7% Latvia
  41.4% Denmark
  41.9% Sweden
  43.8% Finland
  50.9% Poland
  53.2% Spain
  58.0% Cyprus
  60.8% Netherlands
  65.5% Ireland
  67.5% Austria
  68.2% United Kingdom
  68.6% Malta
  73.4% Germany
  76.1% Portugal
  78.1% France
  78.4% Hungary
  96.2% Belgium
116.0% Italy
126.8% Greece

http://epp.eurostat.ec.europa.eu/cache/ITY_PUBLIC/2-15112010-AP/EN/2-15112010-AP-EN.PDF

[Tender Branson]

And because it's fun, here are the 3rd quarter GDP figures too (released a few days ago):

Quarter 3, 2010 compared with Quarter 2, 2010

+1.3% Finland
+1.1% Czech Republic
+0.9% Austria
+0.9% Slovakia
+0.8% Hungary
+0.8% Latvia
+0.8% United Kingdom
+0.7% Germany
+0.6% Cyprus
+0.5% Belgium
+0.5% Estonia
+0.4% France
+0.4% Portugal
+0.3% Bulgaria
+0.2% Italy
+0.1% Lithuania
  0.0% Spain
- 0.1% Netherlands
- 0.7% Romania
- 1.1% Greece

Quarter 3, 2010 compared with Quarter 3, 2009

+4.7% Estonia
+4.1% Slovakia
+3.9% Germany
+3.6% Finland
+3.0% Czech Republic
+2.8% United Kingdom
+2.5% Austria
+2.4% Latvia
+2.1% Belgium
+2.1% Hungary
+1.8% France
+1.8% Netherlands
+1.5% Cyprus
+1.5% Portugal
+1.0% Italy
+0.3% Lithuania
+0.2% Bulgaria
+0.2% Spain
- 2.3% Romania
- 4.5% Greece

http://epp.eurostat.ec.europa.eu/cache/ITY_PUBLIC/2-12112010-BP/EN/2-12112010-BP-EN.PDF

[Tender Branson]

For Austria I can already announce the most likely 2010 data:

GDP growth: +1.8% to 2.2% (2011 forecast now is 2-2.5% growth)

Deficit: roughly -4% (2011 forecast now is about -3%)

Debt: roughly 69% (probably around 70% for 2011)

[Beet]

So Latvia is doing fine, Lithuania is doing okay.

It should of course be noted that in 2006, Ireland and Spain would have been the star on every list here: budget surpluses, low debt, high growth.

[Gustaf]

I read today that Ireland's deficit is projected to rise to 32% of GDP. Isn't that pretty much...dying?