European Commissioner for Economy

The European Commissioner for Economy and Productivity^[a] is the member of the European Commission responsible for the European Union’s economic and fiscal policy, including surveillance of national budgets and coordination of economic governance. The Commissioner leads the Directorate-General for Economic and Financial Affairs (DG ECFIN)^[1] and plays a central role in the implementation of the European Semester and the enforcement of the Stability and Growth Pact.

European Commissioner for Economy and Productivity
Flag of Europe
Incumbent Valdis Dombrovskis since 1 December 2024
European Commission
Member of	European Commission
Reports to	President of the European Commission
Term length	5 years
Inaugural holder	Robert Marjolin
Formation	1958

The European Commissioner for Economy historically oversaw a broader range of responsibilities than today. In addition to economic and fiscal policy, past holders of the role were also responsible for financial affairs, investments, employment, taxation, customs and credit regulation. Over time, many of these functions have been reassigned to other Commissioners, leaving the Economy Commissioner focused primarily on macroeconomic governance, budgetary surveillance, and coordination with Member States.

The current Commissioner is Valdis Dombrovskis, who has held the office since 1 December 2024.

List of Commissioners

No.	Portrait	Name	Term	Party				Commission	Member state	Portfolio also included
				European		National
1		Robert Marjolin	1958–1967		SOC		SFIO	Hallstein I Hallstein II	France	Financial Affairs[b]
2		Raymond Barre	1967–1973		Independent[c]			Rey Malfatti Mansholt	France	Financial Affairs[d]
3		Wilhelm Haferkamp	1973–1977		SOC		SPD	Ortoli	West Germany	Finance, Investments[b]
4		François-Xavier Ortoli	1977–1985		EPP		RPR	Jenkins Thorn	France	Finance and Credit, Investments[b]
5		Alois Pfeiffer	1985–1987		SOC		SPD	Delors I	West Germany	Employment[e]
6		Peter Schmidhuber	1987–1989		EPP		CSU	Delors I	West Germany	Employment[e]
7		Henning Christophersen	1989–1995		ALDE		V	Delors II Delors III	Denmark	[b]
8		Yves-Thibault de Silguy	1995–1999		EPP		UMP	Santer	France	Credit, Investments
9		Pedro Solbes	1999–2004		PES		PSOE	Prodi	Spain
10		Joaquín Almunia	2004–2010		PES		PSOE	Prodi Barroso I	Spain
*[f]		Siim Kallas	2004		ALDE		Reform	Prodi	Estonia
11		Olli Rehn	2010–2014		ALDE		C	Barroso II	Finland	[b]
12		Pierre Moscovici	2014–2019		PES		PS	Juncker	France	Taxation, Customs
13		Paolo Gentiloni	2019–2024		PES		PD	von der Leyen I	Italy
14		Valdis Dombrovskis	2024–present		EPP		V	von der Leyen II	Latvia	[b]

See also

• Directorate-General for Economic and Financial Affairs
• European Union withholding tax
• EU VAT
• Stability and Growth Pact

Notes

1. The portfolio has evolved over time, with its official title changing to reflect shifting priorities. Key names include: Commissioner for Economic and Financial Affairs, Taxation and Customs, and Commissioner for Taxation and Customs Union, Audit and Anti-Fraud.
2. Concurrently serving as Vice-President of the European Commission
3. Associated with the Union for French Democracy
4. Concurrently serving as Vice-President of the European Commission in the Rey Commission
5. Portfolio briefly shared with Abel Matutes when Spain joined the European Communities in 1986.
6. Acting Commissioner from 9 February to 27 February 2010