Name the largest budget deficit country, Macroeconomics

Name the largest budget deficit country

In 2009 Greece was eurozone country with largest budget deficit (about 16.0% of GDP), while Finland was the country with the smallest budget deficit (about 2.5% of GDP). The difference as a percentage of GDP was 13.5%.

A significant aspect of the data is that no eurozone country managed to run a budget surplus in 2009 (all were in deficit), while in 2007 (last year of the long boom which had begun in 1990s), four countries enjoyed surpluses. These were Germany, Ireland, Spain and Finland, with Finland's surplus being the largest at around 5.5% of GDP.

 

Posted Date: 8/3/2013 1:25:54 AM | Location : United States







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