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Show/Hide section   GFS - Government Finance Statistics

 
Contact
  Dataset contact e-mail Statistical Information Request form
 
Data
  Description Government Finance Statistics
  Data characteristics Government finance statistics (GFS) provide a comprehensive overview of fiscal developments in the euro area, the European Union, and individual EU Member States.
  Short presentation of data items Annual GFS data are based on the data transmitted at least twice a year to the European Central Bank (ECB) by the national central banks (NCBs). Quarterly GFS are based on the data transmitted by Eurostat and are defined by reference to the European System of Accounts 2010. Monthly government debt securities indicators are compiled from the security-by-security information collected in the ESCB’s Centralised Securities Database (CSDB). This information allows the compilation of the outstanding amounts, issuances, redemptions, average residual maturity, annual growth rates, schedules of maturing debt, and other indicators. GFS data presented in the ECB Statistical Data Warehouse (SDW) are organized within seven sub-categories:
  1. revenue;
  2. expenditure;
  3. deficit/surplus and consumption;
  4. EU budget transactions
  5. government debt;
  6. change in debt and
  7. financial accounts.
More details related to GFS data can be accessed on the government finance website (link). More details on monthly “Debt securities issuance and service by EU governments” can be accessed (link).
  Analytical framework European System of Accounts 2010 (ESA 2010).
  National currency National currency and EUR.
  Types of data source ESCB for annual GFS; European Commission (Eurostat) for quarterly GFS; ECB for monthly government debt securities indicators; OECD for US and Japan GFS.
  Reference period Mainly from 1995 for annual GFS; from 1999Q1 for quarterly GFS; and from Dec-2009 for monthly GFS.
  Seasonal adjustment Not adjusted; calendar and seasonally adjusted.
  Catalog Download the series catalogue (complete list of series) of the dataset GFS (Public) (including the metadata): Excel 2013 or the earlier Excel versions.
 
Methodology
  Concepts and Definitions In accordance with the ESA 2010, Regulation (EC) 220/2014 amending Regulation 479/2009 for government debt.
  International / Supranational guidelines ECB Guideline on government finance statistics (ECB/2014/21) for annual GFS, ESA 2010 for quarterly GFS.
  Scope / Coverage of the data Government revenue, expenditure, deficit/surplus, deficit-debt adjustment, government debt and change in government debt.
  Geographic coverage Individual EU Member States, the euro area and the EU aggregates, US and Japan.
  Sector coverage General government sector (S13) and the sub-sectors: central government (S1311), state government (S1312), local government (S1313) and social security funds (S1314).
  Accounting basis and exceptions As defined in the ESA 2010.
  Timing of observations Accrual.
  Valuation Market prices for non-financial and financial transactions and financial positions; face value for government debt and change in government debt.
  Grossing / netting procedures Mainly consolidated. Intergovernmental lending within the context of the financial crisis is consolidated in government debt and change in debt data for the euro area and the EU aggregates.

Show/Hide section   Series Level

Government Finance Statistics
Show/Hide section   GFS: GFS.Q.N.I8.W0.S13.S1._Z.B.B9._Z._Z._Z.XDC_R_B1GQ_CY._Z.S.V.CY._T

Title Complement Euro area 19 (fixed composition) as of 1 January 2015 - Net lending (pos) / net borrowing (neg) - Balance (Credits minus Debits) - counterpart area: World (all entities, including reference area, including IO), counterpart sector: Total economy, Current prices, Standard valuation based on SNA/ESA - Domestic currency (incl. conversion to current currency made using a fixed parity); ratio to the annual moving sum of gross domestic product, Neither seasonally adjusted nor calendar adjusted - ESA 2010
Series Key GFS.Q.N.I8.W0.S13.S1._Z.B.B9._Z._Z._Z.XDC_R_B1GQ_CY._Z.S.V.CY._T
ECB Last update 2018-10-24 11:00:00.0
Reference area Euro area 19 (fixed composition) as of 1 January 2015 (I8)
Title Government deficit(-) or surplus(+) (as % of GDP)
Decimals Three (3)
Time period collection Summed through period (S)
Compiling organisation ECB (European Central Bank) (4F0)
Description of the time series Euro area 19 (fixed composition) as of 1 January 2015 - Net lending (pos) / net borrowing (neg) - Balance (Credits minus Debits) - counterpart area: World (all entities, including reference area, including IO), counterpart sector: Total economy, Current prices, Standard valuation based on SNA/ESA - Domestic currency (incl. conversion to current currency made using a fixed parity); ratio to the annual moving sum of gross domestic product, Neither seasonally adjusted nor calendar adjusted - ESA 2010
Publications ESRB Risk Dashboard: Table in chapter 02, section 06 (T0206)
Economic Bulletin: Tables in chapter 06
Quarterly Fiscal Position: Table in chapter 01, section 01 (T0101)
Quarterly Fiscal Position: Table in chapter 01, section 02 (T0102)
Quarterly Fiscal Position: Table in chapter 01, section 03 (T0103)
Statistics Bulletin: Table in chapter 06, section 01 (T0601)
Statistics Bulletin: Table in chapter 06, section 03 (T0603)
Frequency Quarterly