The primary surplus in Italy's public accounts is among the highest in the world, and has been the most stable among the Member States of the European Union for the past 23 years.
In 2014, the ratio of the primary surplus to GDP was among highest of the most virtuous countries in the EU.
The primary surplus is the difference between revenue and expenditure in the national public accounts, net of expenditure for interest on the debt.
If we compare the primary surpluses of Italy, Spain, Germany, the UK and France, Italy’s is the most stable. Trend data for Italy: +6.2% in 1997, +2.4% in 2002, +3.2% in 2007, +2.2% in 2012, +1.7% in 2014. Trend data for Germany: -5.9% in 1995, -1.5% in 2003, -9.3% in 2009.
(Source: Ameco – European Commission)