* indicates monthly or quarterly data series

Fiscal balance, percent of GDP, 2022:

The average for 2022 based on 159 countries was -2.53 percent. The highest value was in Kuwait: 30.6 percent and the lowest value was in Ukraine: -15.75 percent. The indicator is available from 1960 to 2023. Below is a chart for all countries where data are available.

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


Countries Fiscal balance, percent of GDP, 2022 Global rank Available data
Kuwait 30.6 1 1985 - 2022
Norway 25.56 2 1981 - 2023
Eq. Guinea 11.9 3 2018 - 2023
Iraq 10.76 4 2004 - 2023
Qatar 10.32 5 2001 - 2022
UA Emirates 9.89 6 1991 - 2022
R. of Congo 8.9 7 1989 - 2023
Azerbaijan 5.98 8 1994 - 2022
Chad 5.4 9 1995 - 2023
Samoa 5.37 10 2011 - 2023
Palestine 3.6 11 1999 - 2022
Denmark 3.3 12 1995 - 2023
Liechtenstein 3.3 13 2011 - 2022
Libya 3.1 14 2018 - 2023
Macao 2.79 15 2010 - 2022
Cyprus 2.7 16 1995 - 2023
Oman 2.6 17 2003 - 2022
Saudi Arabia 2.49 18 1969 - 2022
Puerto Rico 1.77 19 2014 - 2022
Gabon 1.4 20 1990 - 2023
Chile 1.36 21 1990 - 2023
Singapore 1.21 22 1990 - 2023
Switzerland 1.21 23 1983 - 2023
Sweden 1.2 24 1995 - 2023
Faroe Isl. 1.09 25 1998 - 2022
Grenada 0.92 26 1990 - 2022
Angola 0.7 27 1996 - 2023
Tr.&Tobago 0.7 28 1960 - 2023
Nicaragua 0.34 29 2000 - 2022
Jamaica 0.28 30 1990 - 2023
Kazakhstan 0.11 31 2002 - 2022
Croatia 0.1 32 1995 - 2023
Somalia 0 33 2018 - 2023
South Korea 0 34 2013 - 2023
Ecuador -0.02 35 2000 - 2023
Netherlands -0.1 36 1995 - 2023
Kyrgyzstan -0.28 37 1995 - 2022
Laos -0.3 38 2001 - 2023
Luxembourg -0.3 39 1995 - 2023
Portugal -0.3 40 1995 - 2023
Finland -0.4 41 1975 - 2023
Lithuania -0.6 42 1995 - 2023
Guinea -0.8 43 1990 - 2023
Botswana -1 44 2000 - 2022
Estonia -1 45 1995 - 2023
Cameroon -1.1 46 2007 - 2023
Nepal -1.1 47 2000 - 2023
Aruba -1.3 48 1995 - 2022
Eritrea -1.3 49 2008 - 2023
Russia -1.36 50 1998 - 2023
Australia -1.4 51 1988 - 2023
Djibouti -1.4 52 2018 - 2023
Saint Lucia -1.45 53 1985 - 2023
Honduras -1.66 54 2002 - 2023
Slovakia -1.7 55 1995 - 2023
Sudan -1.7 56 1990 - 2023
Guatemala -1.71 57 1995 - 2022
Peru -1.71 58 1970 - 2023
Haiti -1.75 59 1997 - 2022
Israel -1.77 60 1980 - 2023
Barbados -2 61 2007 - 2022
Zimbabwe -2.1 62 2018 - 2023
Burma -2.19 63 2012 - 2023
Armenia -2.23 64 2000 - 2022
Indonesia -2.35 65 1993 - 2023
Turkey -2.38 66 2002 - 2023
Germany -2.5 67 1991 - 2023
Greece -2.5 68 1995 - 2023
Yemen -2.6 69 1990 - 2022
New Zealand -2.66 70 1972 - 2023
Domin. Rep. -2.67 71 2000 - 2022
El Salvador -2.69 72 1990 - 2023
Iran -2.83 73 1990 - 2022
Bulgaria -2.9 74 1997 - 2023
Georgia -3 75 2002 - 2023
Slovenia -3 76 1995 - 2023
Solomon Isl. -3.02 77 1980 - 2022
Czechia -3.17 78 1995 - 2023
Mexico -3.2 79 1990 - 2023
Serbia -3.2 80 2005 - 2023
Austria -3.3 81 1995 - 2023
Moldova -3.3 82 1999 - 2022
Uruguay -3.39 83 2009 - 2023
Ethiopia -3.4 84 1990 - 2022
Poland -3.4 85 1995 - 2023
Tanzania -3.4 86 2018 - 2022
Belgium -3.6 87 1995 - 2023
Canada -3.6 88 1967 - 2023
Mauritania -3.6 89 2007 - 2023
Albania -3.66 90 1993 - 2023
Swaziland -3.77 91 1980 - 2023
Panama -3.98 92 2009 - 2023
Iceland -4 93 1980 - 2023
Ant.& Barb. -4.17 94 1990 - 2022
Hong Kong -4.3 95 1997 - 2023
USA -4.35 96 1960 - 2023
Latvia -4.4 97 1995 - 2022
Belarus -4.5 98 2001 - 2022
Jordan -4.5 99 1990 - 2023
Brazil -4.57 100 1996 - 2023
Bangladesh -4.6 101 1980 - 2023
Cape Verde -4.6 102 1994 - 2023
Ireland -4.6 103 1995 - 2023
China -4.7 104 1982 - 2022
Spain -4.7 105 1995 - 2023
Argentina -4.74 106 1961 - 2022
France -4.8 107 1960 - 2023
Gambia -4.9 108 2005 - 2023
Burundi -5 109 2018 - 2023
Mali -5 110 2008 - 2023
Mozambique -5.1 111 2018 - 2023
North Macedonia -5.14 112 1998 - 2022
Guyana -5.18 113 1997 - 2022
Morocco -5.2 114 1998 - 2022
UK -5.35 115 1960 - 2023
Bahrain -5.39 116 1990 - 2022
C.A. Republic -5.4 117 1988 - 2023
Nigeria -5.4 118 1990 - 2023
Benin -5.5 119 2008 - 2023
Malta -5.5 120 1995 - 2023
Papua N.G. -5.55 121 2015 - 2022
Thailand -5.6 122 1979 - 2023
Bahamas -5.8 123 1990 - 2023
Palau -6.01 124 2013 - 2022
Egypt -6.1 125 2002 - 2023
Mauritius -6.1 126 1983 - 2023
Senegal -6.1 127 2008 - 2023
Hungary -6.2 128 1995 - 2023
S.T.&Principe -6.2 129 2018 - 2023
Kenya -6.3 130 1982 - 2023
Romania -6.3 131 1995 - 2023
Colombia -6.49 132 2008 - 2023
G.-Bissau -6.5 133 1991 - 2023
Liberia -6.5 134 2000 - 2023
Madagascar -6.8 135 1980 - 2022
Malawi -6.8 136 2005 - 2023
Niger -6.8 137 2008 - 2023
Bhutan -6.95 138 1981 - 2023
Namibia -7 139 2018 - 2022
Bolivia -7.12 140 1981 - 2022
Dominica -7.18 141 1990 - 2023
Philippines -7.3 142 1988 - 2023
Uganda -7.4 143 1997 - 2023
Tunisia -7.7 144 1986 - 2023
Algeria -7.8 145 1990 - 2023
Pakistan -7.9 146 1993 - 2023
Zambia -8.2 147 2002 - 2023
Togo -8.5 148 2008 - 2022
Italy -8.6 149 1995 - 2023
Mongolia -8.8 150 2000 - 2022
Burkina Faso -8.9 151 2009 - 2023
India -9.22 152 1988 - 2022
St. Vincent & ... -9.58 153 1980 - 2023
Sierra Leone -9.6 154 2000 - 2023
Sri Lanka -10.2 155 1977 - 2022
Cuba -11.11 156 1996 - 2022
Maldives -11.61 157 1997 - 2023
Ghana -11.8 158 2004 - 2023
Ukraine -15.75 159 1995 - 2023



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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All articles

30.60
25.56
11.90
10.76
10.32
9.89
8.90
5.98
5.40
5.37
3.60
3.30
3.30
3.10
2.79
2.70
2.60
2.49
1.77
1.40
1.36
1.21
1.21
1.20
1.09
0.92
0.70
0.70
0.34
0.28
0.11
0.10
0.00
0.00
-0.02
-0.10
-0.28
-0.30
-0.30
-0.30
-0.40
-0.60
-0.80
-1.00
-1.00
-1.10
-1.10
-1.30
-1.30
-1.36
-1.40
-1.40
-1.45
-1.66
-1.70
-1.70
-1.71
-1.71
-1.75
-1.77
-2.00
-2.10
-2.19
-2.23
-2.35
-2.38
-2.50
-2.50
-2.60
-2.66
-2.67
-2.69
-2.83
-2.90
-3.00
-3.00
-3.02
-3.17
-3.20
-3.20
-3.30
-3.30
-3.39
-3.40
-3.40
-3.40
-3.60
-3.60
-3.60
-3.66
-3.77
-3.98
-4.00
-4.17
-4.30
-4.35
-4.40
-4.50
-4.50
-4.57
-4.60
-4.60
-4.60
-4.70
-4.70
-4.74
-4.80
-4.90
-5.00
-5.00
-5.10
-5.14
-5.18
-5.20
-5.35
-5.39
-5.40
-5.40
-5.50
-5.50
-5.55
-5.60
-5.80
-6.01
-6.10
-6.10
-6.10
-6.20
-6.20
-6.30
-6.30
-6.49
-6.50
-6.50
-6.80
-6.80
-6.80
-6.95
-7.00
-7.12
-7.18
-7.30
-7.40
-7.70
-7.80
-7.90
-8.20
-8.50
-8.60
-8.80
-8.90
-9.22
-9.58
-9.60
-10.20
-11.11
-11.61
-11.80
-15.75
-15.75
-4.2
7.4
19
30.6


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