diff --git a/drivers/virtio/virtio_balloon.c b/drivers/virtio/virtio_balloon.c
index d9544db231ef..34adf9b9c053 100644
--- a/drivers/virtio/virtio_balloon.c
+++ b/drivers/virtio/virtio_balloon.c
@@ -254,12 +254,14 @@ static unsigned int update_balloon_stats(struct virtio_balloon *vb)
 
 	available = si_mem_available();
 
+#ifdef CONFIG_VM_EVENT_COUNTERS
 	update_stat(vb, idx++, VIRTIO_BALLOON_S_SWAP_IN,
 				pages_to_bytes(events[PSWPIN]));
 	update_stat(vb, idx++, VIRTIO_BALLOON_S_SWAP_OUT,
 				pages_to_bytes(events[PSWPOUT]));
 	update_stat(vb, idx++, VIRTIO_BALLOON_S_MAJFLT, events[PGMAJFAULT]);
 	update_stat(vb, idx++, VIRTIO_BALLOON_S_MINFLT, events[PGFAULT]);
+#endif
 	update_stat(vb, idx++, VIRTIO_BALLOON_S_MEMFREE,
 				pages_to_bytes(i.freeram));
 	update_stat(vb, idx++, VIRTIO_BALLOON_S_MEMTOT,