Euro Convergence Criteria - Fulfillment of Criteria in April 2013

Fulfillment of Criteria in April 2013

Convergence data in 2012
HICP inflation rate
Budget deficit to GDP
Debt-to-GDP ratio
ERM II member
Long-term interest rate
Reference value max. 2.83%
max. 3.0% max. 60% min. 2 years max. 3.51%
EU members
Bulgaria 2.65% 1.5% 19.5% No 4.52%
Czech Republic 3.05% 3.5% 45.1% No 2.79%
Denmark 2.18% 3.9% 45.4% since 1 Jan. 1999 1.31%
Latvia 2.15% 1.7% 41.9% since 2 May 2005 4.55%
Lithuania 3.35% 3.2% 41.6% since 28 June 2004 4.87%
Hungary 5.55% 2.5% 78.4% No 7.79%
Poland 3.55% 3.4% 55.5% No 5.06%
Romania 4.25% 2.8% 34.6% No 6.60%
Sweden 0.95% 0.0% 37.4% No 1.51%
United Kingdom 2.38% 6.2% 88.7% No 1.63%
Candidates for EU membership
Croatia 3.4% 4.4% 53.8% No 6.41%
Iceland 5.6% 3.4% 96.8% No 6.95%
Macedonia 2.9% 3.5% 31.0% No No data
Montenegro 3.9% 4.0% 52.0% Not applicable No data
Serbia 7.3% 6.7% 58.1% No No data
Turkey 8.0% 2.4% 36.8% No 8.69%
Potential candidates for EU membership
Albania 2.0% 3.5% 63.8% No No data
Bosnia and Herzegovina 2.2% 2.8% 43.7% No No data
Kosovo 0.6% 2.8% 17.6% Not applicable No data
Liechtenstein No data No data No data Not applicable No data
Norway 1.0% −14.1% 28.1% No 2.07%
Switzerland -0.9% −0.2% 41.6% No 0.62%


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