Fiscal Balance in Germany
Germany displayed strong fiscal discipline from 2013 to 2019, achieving budget surpluses through prudent spending and robust economic growth. This fiscal strength allowed Germany to implement substantial fiscal stimulus in response to the COVID-19 pandemic without significantly harming its overall fiscal position. By 2022, Germany's focus was on returning to pre-pandemic fiscal norms, balancing the need for improving competitiveness and boosting defense spending with its longstanding commitment to fiscal stability and debt reduction.
The fiscal balance in Germany averaged -0.3% of GDP in the decade to 2022, above the Euro Area average of -2.7% of GDP. The fiscal balance in 2022 was -2.5% of GDP. For more fiscal balance information, visit our dedicated page.
Germany Fiscal Balance Chart
Note: This chart displays Fiscal Balance (% of GDP) for Germany from 2013 to 2022.
Source: EUROSTAT.
Germany Fiscal Balance Data
| 2018 | 2019 | 2020 | 2021 | 2022 | |
|---|---|---|---|---|---|
| Fiscal Balance (% of GDP) | 1.9 | 1.5 | -4.3 | -3.6 | -2.5 |
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