Latvia and Lithuania’s government debt ratios are close to Romania’s, namely 40.6% and 40.7%, respectively.
Sixteen Member States had government debt ratios higher than 60% of GDP, with the highest registered in Greece (178.6%), Italy (132.3%), Portugal (130.2%), Cyprus (108.2%), Ireland (107.5%), and Belgium (106.7%).
In 2014, Denmark (+1.5%), Luxembourg (+1.4%), Estonia (+0.7%) and Germany (+0.3%) registered a government surplus, and the lowest government deficits in percentage of GDP were recorded in Lithuania (-0.7%), Romania (-1.4%), Latvia (-1.5%), Sweden (-1.7%) and the Czech Republic (-1.9%).
Fourteen Member States had deficits equal to or higher than 3% of GDP: Cyprus (-8.9%), Portugal (-7.2%), Spain (-5.9%), Bulgaria (-5.8%), the United Kingdom (-5.7%), Croatia (-5.6%), Slovenia (-5.0%), Ireland and France (-3.9% each), Greece (-3.6%), Poland and Finland (-3.3% each), Belgium (-3.1%) and Italy (-3.0%).