Budget balance forecast - Country rankings
* indicates monthly or quarterly data series
Budget balance forecast, percent of GDP, 2024:
The average for 2024 based on 82 countries was -2.88 percent. The highest value was in Sao Tome and Principe: 3.98 percent and the lowest value was in Norway: -10.37 percent. The indicator is available from 1980 to 2028. Below is a chart for all countries where data are available.Measure: percent; Source: International Monetary Fund
Select indicator
* indicates monthly or quarterly data series
| Countries | Budget balance forecast, 2024 | Global rank | Available data |
|---|---|---|---|
| S.T.&Principe | 3.98 | 1 | 2001 - 2028 |
| Cyprus | 2.17 | 2 | 1995 - 2028 |
| Grenada | 1.95 | 3 | 2000 - 2028 |
| Ireland | 1.63 | 4 | 1997 - 2028 |
| Denmark | 1.18 | 5 | 1986 - 2028 |
| Suriname | 1.03 | 6 | 2002 - 2028 |
| Angola | 0.82 | 7 | 2002 - 2028 |
| Switzerland | 0.7 | 8 | 1983 - 2028 |
| Argentina | 0.51 | 9 | 1993 - 2028 |
| Belarus | 0.36 | 10 | 2010 - 2028 |
| Singapore | 0.22 | 11 | 1997 - 2028 |
| Georgia | 0.16 | 12 | 2004 - 2028 |
| Portugal | -0.36 | 13 | 1995 - 2028 |
| Luxembourg | -0.5 | 14 | 1995 - 2028 |
| Sweden | -0.5 | 15 | 1993 - 2028 |
| South Korea | -0.52 | 16 | 1995 - 2028 |
| Taiwan | -0.77 | 17 | 1980 - 2028 |
| Thailand | -0.92 | 18 | 1995 - 2028 |
| Canada | -0.95 | 19 | 1980 - 2028 |
| Guatemala | -1.09 | 20 | 1995 - 2028 |
| Netherlands | -1.13 | 21 | 1980 - 2028 |
| Iceland | -1.27 | 22 | 1980 - 2028 |
| Greece | -1.33 | 23 | 1988 - 2028 |
| Lithuania | -1.33 | 24 | 2005 - 2028 |
| Germany | -1.4 | 25 | 1991 - 2028 |
| Barbados | -1.54 | 26 | 1994 - 2028 |
| Finland | -1.61 | 27 | 1980 - 2028 |
| Guyana | -1.66 | 28 | 2000 - 2028 |
| Tunisia | -1.88 | 29 | 1991 - 2028 |
| Paraguay | -2.02 | 30 | 2002 - 2028 |
| Estonia | -2.05 | 31 | 2000 - 2028 |
| Ecuador | -2.14 | 32 | 2001 - 2028 |
| Serbia | -2.26 | 33 | 2005 - 2028 |
| Slovenia | -2.3 | 34 | 1996 - 2028 |
| Russia | -2.39 | 35 | 1999 - 2028 |
| Australia | -2.47 | 36 | 1990 - 2028 |
| Bosnia & Herz. | -2.48 | 37 | 2000 - 2028 |
| Austria | -2.51 | 38 | 1991 - 2028 |
| Indonesia | -2.63 | 39 | 2004 - 2028 |
| Latvia | -2.64 | 40 | 2002 - 2028 |
| Mauritius | -2.65 | 41 | 1986 - 2028 |
| Kazakhstan | -2.67 | 42 | 2002 - 2028 |
| Czechia | -2.77 | 43 | 1995 - 2028 |
| Chile | -2.8 | 44 | 2001 - 2028 |
| Gambia | -2.82 | 45 | 2000 - 2028 |
| Bulgaria | -2.93 | 46 | 2000 - 2028 |
| UK | -3 | 47 | 1981 - 2028 |
| Uruguay | -3.17 | 48 | 2000 - 2028 |
| Turkey | -3.28 | 49 | 2000 - 2028 |
| Hong Kong | -3.38 | 50 | 1985 - 2028 |
| Spain | -3.38 | 51 | 1995 - 2028 |
| Croatia | -3.46 | 52 | 2000 - 2028 |
| Peru | -3.65 | 53 | 2000 - 2028 |
| Malaysia | -3.73 | 54 | 1991 - 2028 |
| Philippines | -3.83 | 55 | 1990 - 2028 |
| Costa Rica | -3.84 | 56 | 1996 - 2028 |
| Panama | -3.91 | 57 | 1996 - 2028 |
| Botswana | -3.98 | 58 | 1999 - 2028 |
| Hungary | -4.25 | 59 | 2000 - 2028 |
| Morocco | -4.27 | 60 | 2000 - 2028 |
| New Zealand | -4.3 | 61 | 1995 - 2028 |
| Colombia | -4.41 | 62 | 2000 - 2028 |
| Italy | -4.42 | 63 | 1988 - 2028 |
| Malta | -4.56 | 64 | 2000 - 2028 |
| El Salvador | -4.61 | 65 | 2000 - 2028 |
| Belgium | -4.62 | 66 | 1981 - 2028 |
| Slovakia | -5.37 | 67 | 1995 - 2028 |
| France | -5.54 | 68 | 1980 - 2028 |
| Domin. Rep. | -5.55 | 69 | 1997 - 2028 |
| Poland | -5.95 | 70 | 1995 - 2028 |
| Japan | -6.16 | 71 | 1994 - 2028 |
| Mexico | -6.2 | 72 | 1997 - 2028 |
| South Africa | -6.2 | 73 | 2000 - 2028 |
| Egypt | -6.61 | 74 | 2006 - 2028 |
| Jordan | -6.66 | 75 | 1999 - 2028 |
| China | -7.03 | 76 | 1995 - 2028 |
| Romania | -7.4 | 77 | 2004 - 2028 |
| USA | -7.7 | 78 | 2001 - 2028 |
| India | -7.83 | 79 | 1996 - 2028 |
| Brazil | -8.2 | 80 | 2001 - 2028 |
| Israel | -9.13 | 81 | 2000 - 2028 |
| Norway | -10.37 | 82 | 1980 - 2028 |
Definition: The structural budget balance refers to the general government cyclically adjusted balance adjusted for nonstructural elements beyond the economic cycle. These include temporary financial sector and asset price movements as well as one-off, or temporary, revenue or expenditure items. The cyclically adjusted balance is the fiscal balance adjusted for the effects of the economic cycle. The series includes actual historical values for past years and forecast values for the current and the next few years.
Selected articles from our guide:
The unholy trinity of international finance
Most commonly used measures of corruption
All articles
3.98
2.17
1.95
1.63
1.18
1.03
0.82
0.70
0.51
0.36
0.22
0.16
-0.36
-0.50
-0.50
-0.52
-0.77
-0.92
-0.95
-1.09
-1.13
-1.27
-1.33
-1.33
-1.40
-1.54
-1.61
-1.66
-1.88
-2.02
-2.05
-2.14
-2.26
-2.30
-2.39
-2.47
-2.48
-2.51
-2.63
-2.64
-2.65
-2.67
-2.77
-2.80
-2.82
-2.93
-3.00
-3.17
-3.28
-3.38
-3.38
-3.46
-3.65
-3.73
-3.83
-3.84
-3.91
-3.98
-4.25
-4.27
-4.30
-4.41
-4.42
-4.56
-4.61
-4.62
-5.37
-5.54
-5.55
-5.95
-6.16
-6.20
-6.20
-6.61
-6.66
-7.03
-7.40
-7.70
-7.83
-8.20
-9.13
-10.37
-10.37
-6.8
-3.2
0.4
3.98
Budget balance forecast in Europe Budget balance forecast in Asia Budget balance forecast in Africa Budget balance forecast in North America Budget balance forecast in South America Budget balance forecast in Australia/Oceania Budget balance forecast in the European union Budget balance forecast in Sub Sahara Africa Budget balance forecast in MENA Budget balance forecast in South East Asia Budget balance forecast in Latin America