Glance: A look at eurozone deficits

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By The Associated Press, Associated Press

European countries struggling from slow — or shrinking — economies are also struggling to narrow their budget deficits. As a result, EU leaders are relaxing their demands for austerity budgets. They increasingly believe that focusing on ways to revive economic growth will help them achieve deficit goals more quickly.

Here is a look at economies of the 17 European Union countries that use the euro, their government deficits and unemployment rates.

Economic indicators for the 17 eurozone countries
Growth rate in GDP Q4 2012 vs Q1 2013 ( Government Deficit2009 (%ge of GDP) Government Deficit2011 (%ge of GDP) Unemployment Rate(%)
Eurozone (17 Countries) -0.6 11.9
Austria -0.2 4.1 2.5 4.9
Belgium -0.1 5.5 3.7 7.4
Cyprus -1.0 6.1 6.3 14.7
Estonia 0.9 2.0 1.1 - Surplus 9.9*
Finland -0.5 2.5 -0.6 7.9
France -0.3 7.5 5.2 10.6
Germany -0.6 3.1 0.8 5.3
Greece n/a 15.6 9.4 26.4*
Ireland n/a 13.9 13.4 14.7
Italy -0.9 5.4 3.9 11.7
Luxembourg n/a 0.8 0.3 5.3
Malta n/a 3.9 2.7 7.0
Netherlands -0.2 5.6 4.5 6.0
Portugal -1.8 10.2 4.4 17.6
Slovenia -1.0 6.0 6.4 14.9
Slovakia 0.2 8.0 4.9 10.2
Spain -0.8 11.2 9.4 26.2
* Dec '12
Source: Eurostat

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