Fiscal balance, percent of GDP - Country rankings

* indicates monthly or quarterly data series

Fiscal balance, percent of GDP, 2022:

The average for 2022 based on 142 countries was -2.58 percent. The highest value was in Norway: 26.04 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
Norway 26.04 1 1981 - 2022
Libya 13.8 2 2018 - 2022
Iraq 11.68 3 2004 - 2022
Qatar 10.32 4 2001 - 2022
UA Emirates 9.89 5 1991 - 2022
R. of Congo 6.5 6 1989 - 2022
Azerbaijan 5.97 7 1994 - 2022
Samoa 5.35 8 2011 - 2022
Eq. Guinea 4.8 9 2018 - 2022
Palestine 3.6 10 1999 - 2022
Denmark 3.3 11 1995 - 2022
Angola 3 12 1996 - 2022
Macao 2.79 13 2010 - 2022
Saudi Arabia 2.5 14 1969 - 2022
Cyprus 2.1 15 1995 - 2022
Puerto Rico 1.77 16 2014 - 2022
Ireland 1.6 17 1995 - 2022
Chile 1.36 18 1990 - 2022
Grenada 0.94 19 1990 - 2022
Switzerland 0.94 20 1983 - 2022
Nicaragua 0.85 21 2000 - 2022
Singapore 0.84 22 1990 - 2023
Gabon 0.8 23 1990 - 2022
Sweden 0.7 24 1995 - 2022
Chad 0.5 25 1995 - 2022
Croatia 0.4 26 1995 - 2022
Jamaica 0.28 27 1990 - 2023
Luxembourg 0.2 28 1995 - 2022
Kazakhstan 0.09 29 2002 - 2022
Netherlands 0 30 1995 - 2022
Somalia 0 31 2018 - 2022
Algeria -0.2 32 1990 - 2022
Ecuador -0.22 33 2000 - 2022
Kyrgyzstan -0.28 34 1995 - 2022
Laos -0.3 35 2001 - 2022
Portugal -0.4 36 1995 - 2022
Lithuania -0.6 37 1995 - 2022
Estonia -0.9 38 1995 - 2022
Finland -0.9 39 1975 - 2022
Zimbabwe -0.9 40 2018 - 2022
Botswana -1 41 2000 - 2022
Djibouti -1 42 2018 - 2022
Mauritania -1.2 43 2007 - 2022
Nepal -1.27 44 2000 - 2022
Aruba -1.3 45 1995 - 2022
Guinea -1.3 46 1990 - 2022
Russia -1.36 47 1998 - 2022
Australia -1.4 48 1988 - 2022
Saint Lucia -1.45 49 1985 - 2023
Sudan -1.5 50 1990 - 2022
Israel -1.57 51 1980 - 2022
Peru -1.7 52 1970 - 2022
Guatemala -1.71 53 1995 - 2022
Honduras -1.75 54 2002 - 2022
Cameroon -1.9 55 2007 - 2022
Slovakia -2 56 1995 - 2022
Haiti -2.05 57 1997 - 2022
Eritrea -2.2 58 2008 - 2022
Armenia -2.23 59 2000 - 2022
Greece -2.3 60 1995 - 2022
Indonesia -2.38 61 1993 - 2022
El Salvador -2.44 62 1990 - 2022
Yemen -2.6 63 1990 - 2022
Germany -2.62 64 1991 - 2022
Domin. Rep. -2.67 65 2000 - 2022
New Zealand -2.7 66 1972 - 2022
Georgia -3 67 2002 - 2022
South Korea -3 68 2013 - 2022
Solomon Isl. -3.02 69 1980 - 2022
Serbia -3.1 70 2005 - 2022
Austria -3.2 71 1995 - 2022
Mexico -3.3 72 1990 - 2022
Uruguay -3.39 73 2009 - 2022
Ethiopia -3.4 74 1990 - 2022
Canada -3.6 75 1984 - 2022
Czechia -3.64 76 1995 - 2022
Mozambique -3.7 77 2018 - 2022
Poland -3.7 78 1995 - 2022
Ant.& Barb. -3.73 79 1990 - 2022
Albania -3.8 80 1993 - 2022
Dominica -3.86 81 1990 - 2022
Belgium -3.9 82 1995 - 2022
Slovenia -3.9 83 1995 - 2022
Panama -3.93 84 2009 - 2022
Belarus -3.95 85 2001 - 2022
Turkey -4 86 2002 - 2022
Iceland -4.3 87 1980 - 2022
Gambia -4.4 88 2005 - 2022
Latvia -4.4 89 1995 - 2022
Swaziland -4.5 90 1980 - 2022
C.A. Republic -4.6 91 1988 - 2022
Jordan -4.6 92 1990 - 2022
USA -4.6 93 1960 - 2022
Brazil -4.68 94 1996 - 2022
Cape Verde -4.7 95 1994 - 2022
China -4.7 96 1982 - 2022
France -4.72 97 1960 - 2022
Liberia -4.8 98 2000 - 2022
Sierra Leone -4.8 99 2000 - 2022
Spain -4.8 100 1995 - 2022
Hong Kong -4.9 101 1997 - 2022
Nigeria -4.9 102 1990 - 2022
Mali -4.98 103 2008 - 2022
Burundi -5.1 104 2018 - 2022
North Macedonia -5.14 105 1998 - 2022
Morocco -5.2 106 1998 - 2022
Uganda -5.3 107 1997 - 2022
Benin -5.5 108 2008 - 2022
Papua N.G. -5.55 109 2015 - 2022
UK -5.57 110 1960 - 2022
Thailand -5.6 111 1979 - 2022
Malta -5.8 112 1995 - 2022
Bahamas -5.9 113 1990 - 2022
Palau -6.01 114 2013 - 2022
Senegal -6.08 115 2008 - 2022
Bahrain -6.1 116 1990 - 2022
Egypt -6.1 117 2002 - 2022
Mauritius -6.1 118 1983 - 2022
Hungary -6.2 119 1995 - 2022
Romania -6.2 120 1995 - 2022
G.-Bissau -6.3 121 1991 - 2022
Kenya -6.3 122 1982 - 2022
Colombia -6.51 123 2008 - 2022
Niger -6.61 124 2008 - 2022
Madagascar -6.8 125 1980 - 2022
Malawi -6.8 126 2005 - 2022
Namibia -7 127 2018 - 2022
S.T.&Principe -7.2 128 2018 - 2022
Philippines -7.3 129 1988 - 2022
Tunisia -7.56 130 1986 - 2022
Bhutan -7.8 131 1981 - 2022
Pakistan -7.9 132 1993 - 2022
Italy -8 133 1995 - 2022
Burkina Faso -8.52 134 2009 - 2022
Mongolia -8.8 135 2000 - 2022
Zambia -8.9 136 2002 - 2022
Ghana -9.3 137 2004 - 2022
St. Vincent & ... -9.39 138 1980 - 2022
Sri Lanka -10.2 139 1977 - 2022
Cuba -11.11 140 1996 - 2022
Maldives -14.31 141 1997 - 2022
Ukraine -15.75 142 1995 - 2022


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.
1. Norway
2. Libya
3. Iraq
4. Qatar
5. UA Emirates
6. R. of Congo
7. Azerbaijan
8. Samoa
9. Eq. Guinea
10. Palestine
11. Denmark
12. Angola
13. Macao
14. Saudi Arabia
15. Cyprus
16. Puerto Rico
17. Ireland
18. Chile
19. Grenada
20. Switzerland
21. Nicaragua
22. Singapore
23. Gabon
24. Sweden
25. Chad
26. Croatia
27. Jamaica
28. Luxembourg
29. Kazakhstan
30. Netherlands
31. Somalia
32. Algeria
33. Ecuador
34. Kyrgyzstan
35. Laos
36. Portugal
37. Lithuania
38. Estonia
39. Finland
40. Zimbabwe
41. Botswana
42. Djibouti
43. Mauritania
44. Nepal
45. Aruba
46. Guinea
47. Russia
48. Australia
49. Saint Lucia
50. Sudan
51. Israel
52. Peru
53. Guatemala
54. Honduras
55. Cameroon
56. Slovakia
57. Haiti
58. Eritrea
59. Armenia
60. Greece
61. Indonesia
62. El Salvador
63. Yemen
64. Germany
65. Domin. Rep.
66. New Zealand
67. Georgia
68. South Korea
69. Solomon Isl.
70. Serbia
71. Austria
72. Mexico
73. Uruguay
74. Ethiopia
75. Canada
76. Czechia
77. Mozambique
78. Poland
79. Ant.& Barb.
80. Albania
81. Dominica
82. Belgium
83. Slovenia
84. Panama
85. Belarus
86. Turkey
87. Iceland
88. Gambia
89. Latvia
90. Swaziland
91. C.A. Republic
92. Jordan
93. USA
94. Brazil
95. Cape Verde
96. China
97. France
98. Liberia
99. Sierra Leone
100. Spain
101. Hong Kong
102. Nigeria
103. Mali
104. Burundi
105. North Macedonia
106. Morocco
107. Uganda
108. Benin
109. Papua N.G.
110. UK
111. Thailand
112. Malta
113. Bahamas
114. Palau
115. Senegal
116. Bahrain
117. Egypt
118. Mauritius
119. Hungary
120. Romania
121. G.-Bissau
122. Kenya
123. Colombia
124. Niger
125. Madagascar
126. Malawi
127. Namibia
128. S.T.&Principe
129. Philippines
130. Tunisia
131. Bhutan
132. Pakistan
133. Italy
134. Burkina Faso
135. Mongolia
136. Zambia
137. Ghana
138. St. Vincent & ...
139. Sri Lanka
140. Cuba
141. Maldives
142. Ukraine
26.04
13.80
11.68
10.32
9.89
6.50
5.97
5.35
4.80
3.60
3.30
3.00
2.79
2.50
2.10
1.77
1.60
1.36
0.94
0.94
0.85
0.84
0.80
0.70
0.50
0.40
0.28
0.20
0.09
0.00
0.00
-0.20
-0.22
-0.28
-0.30
-0.40
-0.60
-0.90
-0.90
-0.90
-1.00
-1.00
-1.20
-1.27
-1.30
-1.30
-1.36
-1.40
-1.45
-1.50
-1.57
-1.70
-1.71
-1.75
-1.90
-2.00
-2.05
-2.20
-2.23
-2.30
-2.38
-2.44
-2.60
-2.62
-2.67
-2.70
-3.00
-3.00
-3.02
-3.10
-3.20
-3.30
-3.39
-3.40
-3.60
-3.64
-3.70
-3.70
-3.73
-3.80
-3.86
-3.90
-3.90
-3.93
-3.95
-4.00
-4.30
-4.40
-4.40
-4.50
-4.60
-4.60
-4.60
-4.68
-4.70
-4.70
-4.72
-4.80
-4.80
-4.80
-4.90
-4.90
-4.98
-5.10
-5.14
-5.20
-5.30
-5.50
-5.55
-5.57
-5.60
-5.80
-5.90
-6.01
-6.08
-6.10
-6.10
-6.10
-6.20
-6.20
-6.30
-6.30
-6.51
-6.61
-6.80
-6.80
-7.00
-7.20
-7.30
-7.56
-7.80
-7.90
-8.00
-8.52
-8.80
-8.90
-9.30
-9.39
-10.20
-11.11
-14.31
-15.75
-15.75
-5.3
5.1
15.6
26.04
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