* indicates monthly or quarterly data series

Budget balance forecast, percent of GDP, 2023:

The average for 2023 based on 81 countries was -2.91 percent. The highest value was in Grenada: 6.89 percent and the lowest value was in Norway: -9.6 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, 2023 Global rank Available data
Grenada 6.89 1 2000 - 2028
Ireland 2.15 2 1997 - 2028
Cyprus 1.79 3 1995 - 2028
Singapore 0.95 4 1997 - 2028
S.T.&Principe 0.88 5 2001 - 2028
Denmark 0.85 6 1986 - 2028
Switzerland 0.51 7 1983 - 2028
Georgia 0.43 8 2004 - 2028
Portugal 0.31 9 1995 - 2028
Suriname 0.31 10 2002 - 2028
Luxembourg 0.21 11 1995 - 2028
Sweden -0.01 12 1993 - 2028
Lithuania -0.4 13 2005 - 2028
Botswana -0.45 14 1999 - 2028
Croatia -0.46 15 2000 - 2028
Taiwan -0.47 16 1980 - 2028
Angola -0.62 17 2002 - 2028
Canada -0.65 18 1980 - 2028
Netherlands -0.66 19 1980 - 2028
South Korea -0.9 20 1995 - 2028
Bosnia & Herz. -0.93 21 2000 - 2028
Australia -1.15 22 1990 - 2028
Guatemala -1.36 23 1995 - 2028
Serbia -1.43 24 2005 - 2028
Finland -1.5 25 1980 - 2028
Thailand -1.58 26 1995 - 2028
Indonesia -1.63 27 2004 - 2028
Greece -1.65 28 1988 - 2028
Kazakhstan -1.72 29 2002 - 2028
Germany -1.87 30 1991 - 2028
Estonia -1.88 31 2000 - 2028
Barbados -1.96 32 1994 - 2028
Latvia -1.96 33 2002 - 2028
Austria -2.31 34 1991 - 2028
Mauritius -2.4 35 1986 - 2028
Uruguay -2.45 36 2000 - 2028
Russia -2.47 37 1999 - 2028
Belarus -2.52 38 2010 - 2028
Peru -2.58 39 2000 - 2028
Guyana -2.61 40 2000 - 2028
Turkey -2.74 41 2000 - 2028
Panama -2.95 42 1996 - 2028
Slovenia -3 43 1996 - 2028
Czechia -3.08 44 1995 - 2028
Bulgaria -3.17 45 2000 - 2028
Colombia -3.21 46 2000 - 2028
Ecuador -3.44 47 2001 - 2023
Costa Rica -3.5 48 1996 - 2028
Iceland -3.54 49 1980 - 2028
Chile -3.63 50 2001 - 2028
Spain -3.7 51 1995 - 2028
Argentina -3.72 52 1993 - 2028
Domin. Rep. -3.96 53 1997 - 2028
Hong Kong -4.37 54 1985 - 2028
Slovakia -4.44 55 1995 - 2028
Morocco -4.46 56 2000 - 2028
Paraguay -4.46 57 2002 - 2028
Mexico -4.48 58 1997 - 2028
Malaysia -4.5 59 1991 - 2028
UK -4.67 60 1981 - 2028
Belgium -4.76 61 1981 - 2028
France -4.88 62 1980 - 2028
New Zealand -4.92 63 1995 - 2028
El Salvador -4.96 64 2000 - 2028
Philippines -5.21 65 1990 - 2028
Israel -5.3 66 2000 - 2028
Malta -5.33 67 2000 - 2028
Poland -5.51 68 1995 - 2028
Romania -5.61 69 2004 - 2028
Egypt -5.71 70 2006 - 2028
Japan -5.83 71 1994 - 2028
Hungary -6.31 72 2000 - 2028
South Africa -6.39 73 2000 - 2028
Tunisia -6.49 74 1991 - 2028
China -6.57 75 1995 - 2028
Jordan -6.67 76 1999 - 2028
Italy -7.76 77 1988 - 2028
Brazil -8.04 78 2001 - 2028
USA -8.59 79 2001 - 2028
India -8.69 80 1996 - 2028
Norway -9.6 81 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.
6.89
2.15
1.79
0.95
0.88
0.85
0.51
0.43
0.31
0.31
0.21
-0.01
-0.40
-0.45
-0.46
-0.47
-0.62
-0.65
-0.66
-0.90
-0.93
-1.15
-1.36
-1.43
-1.50
-1.58
-1.63
-1.65
-1.72
-1.87
-1.88
-1.96
-1.96
-2.31
-2.40
-2.45
-2.47
-2.52
-2.58
-2.61
-2.74
-2.95
-3.00
-3.08
-3.17
-3.21
-3.44
-3.50
-3.54
-3.63
-3.70
-3.72
-3.96
-4.37
-4.44
-4.46
-4.46
-4.48
-4.50
-4.67
-4.76
-4.88
-4.92
-4.96
-5.21
-5.30
-5.33
-5.51
-5.61
-5.71
-5.83
-6.31
-6.39
-6.49
-6.57
-6.67
-7.76
-8.04
-8.59
-8.69
-9.60
-9.6
-5.5
-1.4
2.8
6.89
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