Comoros: Fiscal balance, percent of GDP
* indicates monthly or quarterly data series
| Comoros |
Fiscal balance, percent of GDP |
|---|---|
| Latest value | -2.90 |
| Year | 2021 |
| Measure | percent |
| Data availability | 1984 - 2021 |
| Average | -1.32 |
| Min - Max | -5.74 - 10.49 |
| Source | Central Bank of Comoros |
The latest value from 2021 is -2.9 percent, a decline from -2.2 percent in 2020. In comparison, the world average is -3.97 percent, based on data from 175 countries. Historically, the average for the Comoros from 1984 to 2021 is -1.32 percent. The minimum value, -5.74 percent, was reached in 1984 while the maximum of 10.49 percent was recorded in 2013.
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Definition: The fiscal (budget) balance is the difference between government revenue and government expenditure. We express the value as percent of GDP to relate it to the size of the economy.
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International lending and sovereign debt
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| Related indicators | Latest | Reference | Measure |
|---|---|---|---|
| Government spending, percent of GDP | 9.25 | 2023 | percent |
| Government spending, in dollars | 0.13 | 2023 | billion U.S. dollars |
| Fiscal balance, percent of GDP | -2.90 | 2021 | percent |
| Government debt | 28.07 | 2022 | percent |
| Commercial tax rate | 219.60 | 2019 | percent |
| Tax preparation time | 100 | 2019 | hours |
| Number of taxes | 33 | 2019 | taxes |
| Foreign aid | 137.28 | 2022 | million U.S. dollars |