Budget balance forecast - Country rankings

* indicates monthly or quarterly data series

Budget balance forecast, percent of GDP, 2023 - Country rankings:

The average for 2023 based on 78 countries was -3.01 percent.The highest value was in Grenada: 2.66 percent and the lowest value was in Brazil: -9.03 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

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* indicates monthly or quarterly data series

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Countries	Budget balance forecast, 2023	Global rank	Available data
Grenada	2.66	1	2000 - 2028
Ireland	2.25	2	1997 - 2028
Cyprus	1.31	3	1995 - 2028
Singapore	0.68	4	1997 - 2028
Denmark	0.55	5	1986 - 2028
Sweden	0.43	6	1993 - 2028
Switzerland	0.35	7	1983 - 2028
Suriname	0.34	8	2002 - 2028
Georgia	0.33	9	2004 - 2028
Bosnia & Herz.	0.17	10	2000 - 2028
South Korea	0.17	11	1995 - 2028
Thailand	-0.46	12	1995 - 2028
Taiwan	-0.48	13	1980 - 2028
Canada	-0.49	14	1980 - 2028
Luxembourg	-0.52	15	1995 - 2028
Barbados	-0.9	16	1994 - 2028
Angola	-1.05	17	2002 - 2028
Serbia	-1.14	18	2005 - 2028
Portugal	-1.44	19	1995 - 2028
Chile	-1.64	20	2001 - 2028
Israel	-1.77	21	2000 - 2028
Kazakhstan	-1.87	22	2002 - 2028
Belarus	-1.94	23	2010 - 2028
Italy	-1.97	24	1988 - 2028
Uruguay	-1.99	25	2000 - 2028
Peru	-2.22	26	2000 - 2028
Finland	-2.23	27	1980 - 2028
Mauritius	-2.32	28	1986 - 2028
Guatemala	-2.33	29	1995 - 2028
Netherlands	-2.34	30	1980 - 2028
Austria	-2.47	31	1991 - 2028
Indonesia	-2.55	32	2004 - 2028
Croatia	-2.78	33	2000 - 2028
Greece	-2.78	34	1988 - 2028
Hungary	-2.89	35	2000 - 2028
Slovakia	-2.89	36	1995 - 2028
Hong Kong	-2.91	37	1985 - 2028
Panama	-2.96	38	1996 - 2028
Bulgaria	-3.18	39	2000 - 2028
Germany	-3.22	40	1991 - 2028
Australia	-3.25	41	1990 - 2028
Paraguay	-3.29	42	2002 - 2028
Latvia	-3.33	43	2002 - 2028
Guyana	-3.51	44	2000 - 2028
Costa Rica	-3.54	45	1996 - 2028
Estonia	-3.54	46	2000 - 2028
El Salvador	-3.58	47	2000 - 2028
Argentina	-3.67	48	1993 - 2028
Czechia	-3.67	49	1995 - 2028
Colombia	-3.69	50	2000 - 2028
Iceland	-3.74	51	1980 - 2028
Domin. Rep.	-4.01	52	1997 - 2028
Mexico	-4.07	53	1997 - 2028
Spain	-4.19	54	1995 - 2028
Slovenia	-4.27	55	1996 - 2028
UK	-4.28	56	1981 - 2028
Philippines	-4.29	57	1990 - 2028
Poland	-4.39	58	1995 - 2028
New Zealand	-4.5	59	1995 - 2028
Lithuania	-4.53	60	2005 - 2028
France	-4.6	61	1980 - 2028
Tunisia	-4.61	62	1991 - 2028
Jordan	-4.68	63	1999 - 2028
Morocco	-4.88	64	2000 - 2028
Malta	-5.03	65	2000 - 2028
Malaysia	-5.11	66	1991 - 2028
Belgium	-5.2	67	1981 - 2028
Romania	-5.43	68	2004 - 2028
Turkey	-5.68	69	2000 - 2028
Russia	-5.88	70	1999 - 2028
Japan	-6.35	71	1994 - 2028
South Africa	-6.35	72	2000 - 2028
China	-6.39	73	1995 - 2028
USA	-6.59	74	2001 - 2028
Norway	-6.81	75	1980 - 2028
Egypt	-7.66	76	2006 - 2028
India	-8.87	77	1996 - 2028
Brazil	-9.03	78	2000 - 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.

1. Grenada

2. Ireland

3. Cyprus

4. Singapore

5. Denmark

6. Sweden

7. Switzerland

8. Suriname

9. Georgia

10. Bosnia & Herz.

11. South Korea

12. Thailand

13. Taiwan

14. Canada

15. Luxembourg

16. Barbados

17. Angola

18. Serbia

19. Portugal

20. Chile

21. Israel

22. Kazakhstan

23. Belarus

24. Italy

25. Uruguay

26. Peru

27. Finland

28. Mauritius

29. Guatemala

30. Netherlands

31. Austria

32. Indonesia

33. Croatia

34. Greece

35. Hungary

36. Slovakia

37. Hong Kong

38. Panama

39. Bulgaria

40. Germany

41. Australia

42. Paraguay

43. Latvia

44. Guyana

45. Costa Rica

46. Estonia

47. El Salvador

48. Argentina

49. Czechia

50. Colombia

51. Iceland

52. Domin. Rep.

53. Mexico

54. Spain

55. Slovenia

56. UK

57. Philippines

58. Poland

59. New Zealand

60. Lithuania

61. France

62. Tunisia

63. Jordan

64. Morocco

65. Malta

66. Malaysia

67. Belgium

68. Romania

69. Turkey

70. Russia

71. Japan

72. South Africa

73. China

74. USA

75. Norway

76. Egypt

77. India

78. Brazil

2.66

2.25

1.31

0.68

0.55

0.43

0.35

0.34

0.33

0.17

-0.46

-0.48

-0.49

-0.52

-0.90

-1.05

-1.14

-1.44

-1.64

-1.77

-1.87

-1.94

-1.97

-1.99

-2.22

-2.23

-2.32

-2.33

-2.34

-2.47

-2.55

-2.78

-2.89

-2.91

-2.96

-3.18

-3.22

-3.25

-3.29

-3.33

-3.51

-3.54

-3.58

-3.67

-3.69

-3.74

-4.01

-4.07

-4.19

-4.27

-4.28

-4.29

-4.39

-4.50

-4.53

-4.60

-4.61

-4.68

-4.88

-5.03

-5.11

-5.20

-5.43

-5.68

-5.88

-6.35

-6.39

-6.59

-6.81

-7.66

-8.87

-9.03

-6.1

-3.2

-0.3

2.66

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Budget balance forecast in South East Asia
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