Euro Convergence Criteria - Fulfillment of Criteria in April 2012

Fulfillment of Criteria in April 2012

Convergence data in 2011
HICP inflation rate
Budget deficit to GDP
Debt-to-GDP ratio
ERM II member
Long-term interest rate
Reference value max. 3.1%
max. 3.0% max. 60% min. 2 years max. 5.80%
EU members
Bulgaria 2.7% 2.1% 16.3% No 5.30%
Czech Republic 2.7% 3.1% 41.2% No 3.54%
Denmark 2.7% 1.8% 46.5% since 1 Jan. 1999 2.39%
Latvia 4.1% 3.5% 42.6% since 2 May 2005 5.77%
Lithuania 4.2% 5.5% 38.5% since 28 June 2004 5.19%
Hungary 4.3% -4.3% 80.6% No 8.01%
Poland 4.0% 5.1% 56.3% No 5.77%
Romania 4.6% 5.2% 33.3% No 7.25%
Sweden 1.3% -0.3% 38.4% No 2.23%
United Kingdom 4.3% 8.3% 85.7% No 2.49%
Candidates for EU membership
Croatia 2.1% 5.0% 45.7% No No data
Iceland 5.4% 4.4% 98.8% No No data
Macedonia 3.9% 2.6% 29.0% No No data
Montenegro 3.1% 3.9% 45.1% Not required No data
Serbia 11.2% 5.0% 47.4% No No data
Turkey 8.0% 1.4% 38.4% No No data
Potential candidates for EU membership
Albania 3.4% 3.5% 58.9% No No data
Bosnia and Herzegovina 3.7% 3.1% 40.6% No No data
Kosovo 7.3% 1.9% 15.3% Not required No data
Norway 1.1% -10.8% 39.7% No No data
Switzerland -0.3% -0.6% 42.3% No 1.19%


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