* indicates monthly or quarterly data series

Fiscal balance, percent of GDP, 2021 - Country rankings:

The average for 2021 based on 128 countries was -4.41 percent.The highest value was in Libya: 13.8 percent and the lowest value was in the Maldives: -16.65 percent. The indicator is available from 1960 to 2021. Below is a chart for all countries where data are available.

Measure: percent;
Select indicator
* indicates monthly or quarterly data series


Countries Fiscal balance, percent of GDP, 2021 Global rank Available data
Libya 13.8 1 2018 - 2021
Norway 9.08 2 1981 - 2021
Azerbaijan 4.33 3 1994 - 2021
Angola 2.7 4 1996 - 2021
Denmark 2.3 5 1995 - 2021
Iraq 2.07 6 2004 - 2021
Samoa 1.7 7 2015 - 2021
Macao 1.56 8 2010 - 2021
R. of Congo 1.4 9 1989 - 2021
Luxembourg 0.9 10 1995 - 2021
S.T.&Principe 0.9 11 2018 - 2021
Russia 0.72 12 1998 - 2021
Hong Kong 0.7 13 1997 - 2021
Jamaica 0.27 14 1990 - 2021
Qatar 0.24 15 2001 - 2021
Singapore -0.19 16 1990 - 2021
Sweden -0.2 17 1995 - 2021
Mauritania -0.4 18 2007 - 2021
Eq. Guinea -1 19 2018 - 2021
Lithuania -1 20 1995 - 2021
Chad -1.1 21 1995 - 2021
Somalia -1.1 22 2018 - 2021
Guatemala -1.19 23 1995 - 2021
Kyrgyzstan -1.26 24 1995 - 2021
Laos -1.26 25 2001 - 2021
New Zealand -1.34 26 1972 - 2021
South Korea -1.5 27 2013 - 2021
Ecuador -1.55 28 2000 - 2021
Cyprus -1.7 29 1995 - 2021
Djibouti -1.8 30 2018 - 2021
Belize -1.9 31 1993 - 2021
Ireland -1.9 32 1995 - 2021
Poland -1.9 33 1995 - 2021
Indonesia -1.98 34 1993 - 2021
Guinea -2.3 35 1990 - 2021
Nepal -2.37 36 2000 - 2021
Estonia -2.4 37 1995 - 2021
Netherlands -2.5 38 1995 - 2021
Haiti -2.53 39 1997 - 2021
Peru -2.54 40 1970 - 2021
Finland -2.6 41 1975 - 2021
Domin. Rep. -2.73 42 2000 - 2021
Ethiopia -2.8 43 1990 - 2021
Portugal -2.8 44 1995 - 2021
Comoros -2.9 45 1984 - 2021
Croatia -2.9 46 1995 - 2021
Mexico -2.9 47 1990 - 2021
Liberia -3.3 48 2000 - 2021
Gabon -3.4 49 1990 - 2021
Germany -3.71 50 1991 - 2021
Ukraine -3.98 51 1995 - 2021
Uruguay -3.99 52 2009 - 2021
Eritrea -4 53 2008 - 2021
Gambia -4 54 2005 - 2021
Cameroon -4.1 55 2007 - 2021
Kazakhstan -4.1 56 2002 - 2021
Serbia -4.1 57 2005 - 2021
Brazil -4.42 58 1996 - 2021
Burundi -4.5 59 2018 - 2021
Sudan -4.5 60 1990 - 2021
Venezuela -4.51 61 1988 - 2021
Turkey -4.7 62 2002 - 2021
Nigeria -4.8 63 1990 - 2021
Albania -4.82 64 1993 - 2021
St. Vincent & ... -4.82 65 1980 - 2021
Algeria -4.9 66 1990 - 2021
Burkina Faso -4.92 67 2009 - 2021
Bangladesh -5.2 68 1980 - 2021
Slovenia -5.2 69 1995 - 2021
Malawi -5.3 70 2005 - 2021
North Macedonia -5.36 71 1998 - 2021
Madagascar -5.4 72 1980 - 2021
Belgium -5.5 73 1995 - 2021
Israel -5.5 74 1980 - 2021
Honduras -5.51 75 2002 - 2021
G.-Bissau -5.6 76 1991 - 2021
Mali -5.68 77 2008 - 2021
C.A. Republic -5.7 78 1988 - 2021
Czechia -5.87 79 1995 - 2021
Austria -5.9 80 1995 - 2021
Morocco -5.9 81 1998 - 2021
Georgia -6 82 2002 - 2021
Mozambique -6 83 2018 - 2021
Togo -6 84 2008 - 2021
Benin -6.1 85 2008 - 2021
Botswana -6.2 86 2000 - 2021
Slovakia -6.2 87 1995 - 2021
Bhutan -6.3 88 1981 - 2021
Senegal -6.3 89 2008 - 2021
Malaysia -6.4 90 1970 - 2021
France -6.5 91 1960 - 2021
Niger -6.6 92 2008 - 2021
Panama -6.66 93 2009 - 2021
Australia -6.7 94 1988 - 2021
Hungary -6.8 95 1995 - 2021
UK -6.83 96 1960 - 2021
Spain -6.9 97 1995 - 2021
Pakistan -7.1 98 1993 - 2021
Romania -7.1 99 1995 - 2021
Sierra Leone -7.1 100 2000 - 2021
Colombia -7.15 101 2008 - 2021
Italy -7.2 102 1995 - 2021
Latvia -7.3 103 1995 - 2021
Guyana -7.39 104 1997 - 2021
Egypt -7.4 105 2002 - 2021
Greece -7.4 106 1995 - 2021
Uganda -7.5 107 1997 - 2021
Chile -7.52 108 1990 - 2021
Tunisia -7.71 109 1986 - 2021
Namibia -7.8 110 2018 - 2021
Kenya -7.9 111 1982 - 2021
Malta -8 112 1995 - 2021
Aruba -8.5 113 1995 - 2021
Cape Verde -8.6 114 1994 - 2021
Philippines -8.6 115 1988 - 2021
Iceland -8.9 116 1980 - 2021
Dominica -8.97 117 1990 - 2021
Mauritius -9 118 1983 - 2021
Zambia -9 119 2002 - 2021
Thailand -9.1 120 1979 - 2021
Tr.&Tobago -9.2 121 1960 - 2021
USA -10.92 122 1960 - 2021
Cuba -11.68 123 1996 - 2021
Ghana -12.1 124 2004 - 2021
Sri Lanka -12.2 125 1977 - 2021
Bahamas -13.6 126 1990 - 2021
Canada -14.9 127 1984 - 2021
Maldives -16.65 128 1997 - 2021


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.
13.80
9.08
4.33
2.70
2.30
2.07
1.70
1.56
1.40
0.90
0.90
0.72
0.70
0.27
0.24
-0.19
-0.20
-0.40
-1.00
-1.00
-1.10
-1.10
-1.19
-1.26
-1.26
-1.34
-1.50
-1.55
-1.70
-1.80
-1.90
-1.90
-1.90
-1.98
-2.30
-2.37
-2.40
-2.50
-2.53
-2.54
-2.60
-2.73
-2.80
-2.80
-2.90
-2.90
-2.90
-3.30
-3.40
-3.71
-3.98
-3.99
-4.00
-4.00
-4.10
-4.10
-4.10
-4.42
-4.50
-4.50
-4.51
-4.70
-4.80
-4.82
-4.82
-4.90
-4.92
-5.20
-5.20
-5.30
-5.36
-5.40
-5.50
-5.50
-5.51
-5.60
-5.68
-5.70
-5.87
-5.90
-5.90
-6.00
-6.00
-6.00
-6.10
-6.20
-6.20
-6.30
-6.30
-6.40
-6.50
-6.60
-6.66
-6.70
-6.80
-6.83
-6.90
-7.10
-7.10
-7.10
-7.15
-7.20
-7.30
-7.39
-7.40
-7.40
-7.50
-7.52
-7.71
-7.80
-7.90
-8.00
-8.50
-8.60
-8.60
-8.90
-8.97
-9.00
-9.00
-9.10
-9.20
-10.92
-11.68
-12.10
-12.20
-13.60
-14.90
-16.65
-16.65
-9
-1.4
6.2
13.8
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