Germany recorded a Government Budget deficit equal to 2.80 percent of the country's Gross Domestic Product in 2024. This dataset provides the latest reported value for - Germany Government Budget - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

The budget balance in relation to the gross domestic product (GDP) in Germany amounted to approximately -2.76 percent in 2024. Between 1991 and 2024, the budget balance rose by around 0.45 percentage points, though the increase followed an uneven trajectory rather than a consistent upward trend. The budget balance is expected to drop by about 1.65 percentage points between 2024 and 2030, showing a continuous downward movement throughout the period.The indicator describes the general government net lending / borrowing, which is calculated as revenue minus total expenditure. The International Monetary Fund defines the general government expenditure as consisting of total expenses and the net acquisition of nonfinancial assets. The general government revenue consists of the revenue from taxes, social contributions, grants receivable, and other revenue.

Germany recorded a government budget deficit of 20.92 EUR Billion in the fourth quarter of 2024. This dataset provides the latest reported value for - Germany Government Budget Value - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Key information about Germany Consolidated Fiscal Balance: % of GDP

• Germany Consolidated Fiscal Balance recorded a deficit equal to 2.8 % of its Nominal GDP in Dec 2024, compared with a deficit equal to 2.8 % in the previous quarter
• Germany Consolidated Fiscal Balance to GDP data is updated quarterly, available from Dec 1991 to Dec 2024, with an average ratio of -2.5 %
• The data reached an all-time high of 2.1 % in Sep 2018 and a record low of -9.4 % in Sep 1995

• In the latest reports, Germany National Government Debt reached 2,977.2 USD bn in Sep 2024
• Germany Nominal GDP reached 1,072.8 USD bn in Mar 2023

Germany - General gov. deficit (-) and surplus (+) was -2.30% in March of 2025, according to the EUROSTAT. Trading Economics provides the current actual value, an historical data chart and related indicators for Germany - General gov. deficit (-) and surplus (+) - last updated from the EUROSTAT on July of 2025. Historically, Germany - General gov. deficit (-) and surplus (+) reached a record high of 2.10% in June of 2019 and a record low of -8.30% in June of 2020.

Germany BDF Forecast: Federal Budget: Revenue data was reported at 341.700 EUR bn in 2018. This records an increase from the previous number of 322.100 EUR bn for 2017. Germany BDF Forecast: Federal Budget: Revenue data is updated yearly, averaging 322.100 EUR bn from Dec 2016 (Median) to 2018, with 3 observations. The data reached an all-time high of 341.700 EUR bn in 2018 and a record low of 316.800 EUR bn in 2016. Germany BDF Forecast: Federal Budget: Revenue data remains active status in CEIC and is reported by Federal Ministry of Finance. The data is categorized under Global Database’s Germany – Table DE.F018: Federal Government Revenue, Expenditure and Budget Balance: Forecast: Bundesministerium der Finanzen.

Germany recorded a Government Debt to GDP of 62.50 percent of the country's Gross Domestic Product in 2024. This dataset provides the latest reported value for - Germany Government Debt to GDP - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

The ratio of national debt to gross domestic product (GDP) of Germany amounted to about 63.89 percent in 2024. Between 1991 and 2024, the ratio rose by approximately 24.40 percentage points, though the increase followed an uneven trajectory rather than a consistent upward trend. The ratio will steadily rise by around 10.96 percentage points over the period from 2024 to 2030, reflecting a clear upward trend.The general government gross debt consists of all liabilities that require payment or payments of interest and/or principal by the debtor to the creditor at a date or dates in the future. Here it is depicted in relation to the country's GDP, which refers to the total value of goods and services produced during a year.

Germany - Government deficit/surplus, debt and associated data was 62.50 % of GDP in December of 2024, according to the EUROSTAT. Trading Economics provides the current actual value, an historical data chart and related indicators for Germany - Government deficit/surplus, debt and associated data - last updated from the EUROSTAT on September of 2025. Historically, Germany - Government deficit/surplus, debt and associated data reached a record high of 81.00 % of GDP in December of 2010 and a record low of 54.90 % of GDP in December of 1995.

Key information about Germany National Government Debt

• Germany National Government Debt reached 2,977.2 USD bn in Sep 2024, compared with 2,821.5 USD bn in the previous quarter.
• Germany National Government Debt data is updated quarterly, available from Mar 2000 to Sep 2024.
• The data reached an all-time high of 3,101.6 USD bn in Jun 2011 and a record low of 1,054.8 USD bn in Jun 2001.

• In the latest reports, Germany Consolidated Fiscal Balance recorded a deficit equal to 2.6 % of its Nominal GDP in Sep 2024.
• The country's Government debt accounted for 62.4 % of its Nominal GDP in Sep 2024.
• Germany Nominal GDP reached 1,072.8 USD bn in Mar 2023.

The national debt of Germany stood at about ************* U.S. dollars in 2024. Between 1991 and 2024, the national debt rose by approximately ************* U.S. dollars, though the increase followed an uneven trajectory rather than a consistent upward trend. The national debt will steadily rise by around ************* U.S. dollars over the period from 2024 to 2030, reflecting a clear upward trend.

Germany: Fiscal balance, percent of GDP: The latest value from 2024 is -2.69 percent, a decline from -2.48 percent in 2023. In comparison, the world average is -4.03 percent, based on data from 5 countries. Historically, the average for Germany from 1991 to 2024 is -2 percent. The minimum value, -9.43 percent, was reached in 1995 while the maximum of 1.88 percent was recorded in 2018.

Germany DE: General Government: Primary Balance: % of GDP data was reported at -2.771 % in 2030. This records an increase from the previous number of -2.818 % for 2029. Germany DE: General Government: Primary Balance: % of GDP data is updated yearly, averaging -0.524 % from Dec 1992 (Median) to 2030, with 39 observations. The data reached an all-time high of 2.609 % in 2018 and a record low of -6.349 % in 1995. Germany DE: General Government: Primary Balance: % of GDP data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s Germany – Table DE.IMF.FM: Government Finance Statistics.

Germany BDF Forecast: Federal Budget: Fiscal Balance data was reported at -5.800 EUR bn in 2019. This records a decrease from the previous number of -1.900 EUR bn for 2018. Germany BDF Forecast: Federal Budget: Fiscal Balance data is updated yearly, averaging -3.850 EUR bn from Dec 2016 (Median) to 2019, with 4 observations. The data reached an all-time high of 6.200 EUR bn in 2016 and a record low of -7.000 EUR bn in 2017. Germany BDF Forecast: Federal Budget: Fiscal Balance data remains active status in CEIC and is reported by Federal Ministry of Finance. The data is categorized under Global Database’s Germany – Table DE.F018: Federal Government Revenue, Expenditure and Budget Balance: Forecast: Bundesministerium der Finanzen.

The statistic shows the budget balance in relation to GDP of the DACH countries in Europe between 2020 and 2024, with projections up until 2030. A positive value indicates a budget surplus, a negative value indicates a deficit. The DACH region includes Germany, Austria, and Switzerland. In 2024, Austria's deficit amounted to around 4.69 percent of GDP.

Forecast: Social Security Government Fiscal Balance in Germany 2024 - 2028 Discover more data with ReportLinker!

The United States had the largest account deficit of the G7 countries between 2010 and 2023. Moreover, its deficit increased sharply from 2019 to 2022, from minus *** billion U.S. dollars to minus ************ dollars in 2024. The account balance of the other six countries fluctuated more, with Germany having the highest positive balance at *** billion U.S. dollars. In terms of share of gross domestic product (GDP), the United Kingdom had the highest account balance deficit of the G7.

Germany DE: General Government: Net Financial Worth data was reported at -1,112,394.000 EUR mn in 2023. This records a decrease from the previous number of -1,037,938.000 EUR mn for 2022. Germany DE: General Government: Net Financial Worth data is updated yearly, averaging -1,098,795.000 EUR mn from Dec 1999 (Median) to 2023, with 25 observations. The data reached an all-time high of -642,553.000 EUR mn in 1999 and a record low of -1,325,473.000 EUR mn in 2014. Germany DE: General Government: Net Financial Worth data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s Germany – Table DE.IMF.IFS: Government Finance: Balance Sheet: Annual.

Germany BDF Forecast: Federal Budget: Revenue: ow Tax data was reported at 321.300 EUR bn in 2018. This records an increase from the previous number of 301.000 EUR bn for 2017. Germany BDF Forecast: Federal Budget: Revenue: ow Tax data is updated yearly, averaging 301.000 EUR bn from Dec 2016 (Median) to 2018, with 3 observations. The data reached an all-time high of 321.300 EUR bn in 2018 and a record low of 289.000 EUR bn in 2016. Germany BDF Forecast: Federal Budget: Revenue: ow Tax data remains active status in CEIC and is reported by Federal Ministry of Finance. The data is categorized under Global Database’s Germany – Table DE.F018: Federal Government Revenue, Expenditure and Budget Balance: Forecast: Bundesministerium der Finanzen.

“Public debt is a controversially discussed revenue type of the state. Already in early centuries it was a controversial theme when palatial selfish rulers ran into debt to finance their construction activities (example: Old-Bavarian debt policy in the 17th and 18th century, see Zimmermann, H., 1999: Ökonomische Rechtfertigung einer kontinuierlichen Staatsverschuldung, in: Henke, K.-D. (eds.), 1999: Zur Zukunft der Staatsfinanzierung. Baden-Baden, p. 159). Given the level of public debt the discussion about the theoretical economic foundations and the legal restrictions is highly topical. In addition, the European Monetary Union and the European Stability and Growth Pact induced completely new debt limitations in Germany. Questions concerning the justification and limitation of public debt are not new, but sine 19th century important issues in the financial and political scientific discussion. The exclusivity of the topic public debt is due to the fact that it is not confined to one subject, but must be interdisciplinary discussed from an economic and legal perspective. This is because political and institutional factors need to be taken into account” (Wucherpfennig, a. cit., p.17). Issues associated with public debt are located at the interface between economics, law and politics. A consequence of this is that one subject area cannot ignore the findings of the others. The first part of this study is about the development of public debt and of business cycle policies in the Federal Republic of Germany, about the problems related with increasing public debt, about consolidation efforts and about the legal discussion. In the second part the development of public debt in the Federal Republic of Germany from 1950 to 2004 is presented empirically. Besides the total amount of the net debt and the debt level, the relation to other public finance data is of primary importance. “The level of debt and the annual burden of debt servicing and repayment may not be considered in isolation, but must be seen in relation to gross domestic product and the financial volume. Those relations are important that express the burden on public budgets and the economy through government debt and its associated interest charges. They are more informative than the absolute amount of debt, the new borrowing or the interest charges. Therefor there is no per capita presentation of the numbers. It has been shown that the per capita debt is not informative regarding the financial burden associated with debt.” (Wucherpfennig, a. cit., p. 31). The third part of the study is about the theoretical economic foundation that is important for the evaluation of public debt. “With the help of credits the state is able to widen significantly its opportunities for actions through a short term extension of the revenue side of public budget. The consequence is a medium and long term exposure to the expenditure side of public budget by interest and amortization expense. Those different short and long term aspects of public debt leaded into controversial judgments under finance experts. Accordingly diverse is the assessment of the reliability and need for public debt. Therefor part three presents some chosen theoretical economic approaches” (Wucherpfennig, a. cit., p. 54f). The fourth part is about public debt as a legal problem. Data tables in HISTAT: A.01 Net borrowing and deficit ratio of the total public budget (1950-2004) A.02 Level of debt and debt ratio of the total public budget (1950-2004) A.03 Net borrowing and level debt of the Federal government (1950-2004) A.04 Interest paid and interest-rate issue of the Federal government (1950-2004) A.05 Interest-tax rate and debt ratio of the Federal government (1950-2004)