Portugal with fourth largest Q3 2020 GDP deficit in EU
According to the European Statistical Office, Portugal had the fourth-largest public deficit, 7.7% of GDP, in the third quarter of 2020.
Portugal had the fourth-largest public deficit, 7.7% of GDP, in the third quarter of 2020, up from 5.8% in the euro area and 5.6% in the EU, according to Eurostat.
Although all member states recorded deficits in public accounts between July and September 2020, the averages for the two zones showed a strong recovery of six percentage points each from the previous quarter.
According to the European Statistical Office, the highest deficits were recorded in Malta (10.9% of GDP), Romania (10.0%), Lithuania (8.7%), Portugal and Spain (7.7% each).
Denmark (0.4% of GDP) had the smallest deficit in the government accounts, followed by Slovenia (1.8%), Sweden (2.4%) and Estonia (3.2%).
