Germany: Fiscal balance, percent of GDP

* indicates monthly or quarterly data series
 Germany

Fiscal balance, percent of GDP

 Latest value -2.12
 Year 2023
 Measure percent
 Data availability 1991 - 2023
 Average -1.98
 Min - Max -9.43 - 1.95
 Source Federal Statistical Office of Germany
For that indicator, we provide data for Germany from 1991 to 2023. The average value for Germany during that period was -1.98 percent with a minimum of -9.43 percent in 1995 and a maximum of 1.95 percent in 2018. The latest value from 2023 is -2.12 percent. For comparison, the world average in 2023 based on 112 countries is -3.16 percent. See the global rankings for that indicator or use the country comparator to compare trends over time.
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* indicates monthly or quarterly data series


Recent values chart
Germany - Fiscal balance, percent of GDP - Recent values chart

Historical chart
Germany - Fiscal balance, percent of GDP - historical chart - 1991-2023




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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 Related indicators Latest value Reference Measure
 Government spending, percent of GDP 21.95 2022 percent
 Government spending, in dollars 960.75 2023 billion U.S. dollars
 Fiscal balance, percent of GDP -2.12 2023 percent
 Government debt 63.70 2023 percent
 Government expenditure 220.85 Q3/2023 billion
 Long-term government bond yield 2.66 9/2023 percent
 Tax revenue 11.18 2021 percent
 Commercial tax rate 48.80 2019 percent
 Tax preparation time 218 2019 hours
 Number of taxes 9 2019 taxes
 Taxes on goods and services 20.35 2021 percent
 Taxes on international trade 0.01 1987 percent
 Income and profits taxes 17.49 2021 percent
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