San Marino: Fiscal balance, percent of GDP
* indicates monthly or quarterly data series
| San Marino |
Fiscal balance, percent of GDP |
|---|---|
| Latest value | -1.56 |
| Year | 2018 |
| Measure | percent |
| Data availability | 2004 - 2018 |
| Average | -1.47 |
| Min - Max | -7.74 - 3.27 |
| Source | International Monetary Fund (IMF) |
The latest value from 2018 is -1.56 percent, an increase from -3.38 percent in 2017. In comparison, the world average is -1.24 percent, based on data from 192 countries. Historically, the average for San Marino from 2004 to 2018 is -1.47 percent. The minimum value, -7.74 percent, was reached in 2013 while the maximum of 3.27 percent was recorded in 2005.
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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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| Related indicators | Latest | Reference | Measure |
|---|---|---|---|
| Government spending, percent of GDP | 17.10 | 2022 | percent |
| Government spending, in dollars | 0.31 | 2022 | billion U.S. dollars |
| Fiscal balance, percent of GDP | -1.56 | 2018 | percent |
| Government debt | 74.51 | 2022 | percent |
| Tax revenue | 17.81 | 2022 | percent |
| Commercial tax rate | 36.20 | 2019 | percent |
| Tax preparation time | 52 | 2019 | hours |
| Taxes on goods and services | 19.41 | 2023 | percent |
| Taxes on international trade | 0.40 | 2023 | percent |
| Income and profits taxes | 19.42 | 2023 | percent |