Table 1

Scores of the cyclically adjusted primary balance (CAPB) and stratified according to the level of austerity

CountryCAPBLevel of austerity
Denmark0.02Low
Finland−0.1Low
Germany0.08Low
Norway0.14Low
Sweden−0.43Low
Austria0.58Intermediate
Belgium0.35Intermediate
France0.52Intermediate
Italy0.64Intermediate
Netherlands0.74Intermediate
Greece3.43High
Iceland1.75High
Ireland1.83High
Portugal1.68High
Spain1.93High
UK0.86High
  • The average annual change in the difference between taxes and non-interest spending 2013–2009 would be if the economy were at full employment. Higher score corresponds to higher level of austerity.