Fiscal balance, percent of GDP - Country rankings

* 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

Download data

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.

1. Libya

2. Norway

3. Azerbaijan

4. Angola

5. Denmark

6. Iraq

7. Samoa

8. Macao

9. R. of Congo

10. Luxembourg

11. S.T.&Principe

12. Russia

13. Hong Kong

14. Jamaica

15. Qatar

16. Singapore

17. Sweden

18. Mauritania

19. Eq. Guinea

20. Lithuania

21. Chad

22. Somalia

23. Guatemala

24. Kyrgyzstan

25. Laos

26. New Zealand

27. South Korea

28. Ecuador

29. Cyprus

30. Djibouti

31. Belize

32. Ireland

33. Poland

34. Indonesia

35. Guinea

36. Nepal

37. Estonia

38. Netherlands

39. Haiti

40. Peru

41. Finland

42. Domin. Rep.

43. Ethiopia

44. Portugal

45. Comoros

46. Croatia

47. Mexico

48. Liberia

49. Gabon

50. Germany

51. Ukraine

52. Uruguay

53. Eritrea

54. Gambia

55. Cameroon

56. Kazakhstan

57. Serbia

58. Brazil

59. Burundi

60. Sudan

61. Venezuela

62. Turkey

63. Nigeria

64. Albania

65. St. Vincent & ...

66. Algeria

67. Burkina Faso

68. Bangladesh

69. Slovenia

70. Malawi

71. North Macedonia

72. Madagascar

73. Belgium

74. Israel

75. Honduras

76. G.-Bissau

77. Mali

78. C.A. Republic

79. Czechia

80. Austria

81. Morocco

82. Georgia

83. Mozambique

84. Togo

85. Benin

86. Botswana

87. Slovakia

88. Bhutan

89. Senegal

90. Malaysia

91. France

92. Niger

93. Panama

94. Australia

95. Hungary

96. UK

97. Spain

98. Pakistan

99. Romania

100. Sierra Leone

101. Colombia

102. Italy

103. Latvia

104. Guyana

105. Egypt

106. Greece

107. Uganda

108. Chile

109. Tunisia

110. Namibia

111. Kenya

112. Malta

113. Aruba

114. Cape Verde

115. Philippines

116. Iceland

117. Dominica

118. Mauritius

119. Zambia

120. Thailand

121. Tr.&Tobago

122. USA

123. Cuba

124. Ghana

125. Sri Lanka

126. Bahamas

127. Canada

128. Maldives

13.80

9.08

4.33

2.70

2.30

2.07

1.70

1.56

1.40

0.90

0.72

0.70

0.27

0.24

-0.19

-0.20

-0.40

-1.00

-1.10

-1.19

-1.26

-1.34

-1.50

-1.55

-1.70

-1.80

-1.90

-1.98

-2.30

-2.37

-2.40

-2.50

-2.53

-2.54

-2.60

-2.73

-2.80

-2.90

-3.30

-3.40

-3.71

-3.98

-3.99

-4.00

-4.10

-4.42

-4.50

-4.51

-4.70

-4.80

-4.82

-4.90

-4.92

-5.20

-5.30

-5.36

-5.40

-5.50

-5.51

-5.60

-5.68

-5.70

-5.87

-5.90

-6.00

-6.10

-6.20

-6.30

-6.40

-6.50

-6.60

-6.66

-6.70

-6.80

-6.83

-6.90

-7.10

-7.15

-7.20

-7.30

-7.39

-7.40

-7.50

-7.52

-7.71

-7.80

-7.90

-8.00

-8.50

-8.60

-8.90

-8.97

-9.00

-9.10

-9.20

-10.92

-11.68

-12.10

-12.20

-13.60

-14.90

-16.65

-9

-1.4

6.2

13.8

Fiscal balance, percent of GDP in Europe
Fiscal balance, percent of GDP in Asia
Fiscal balance, percent of GDP in Africa
Fiscal balance, percent of GDP in North America
Fiscal balance, percent of GDP in South America
Fiscal balance, percent of GDP in Australia
Fiscal balance, percent of GDP in the European union
Fiscal balance, percent of GDP in Sub Sahara Africa
Fiscal balance, percent of GDP in MENA
Fiscal balance, percent of GDP in South East Asia
Fiscal balance, percent of GDP in Latin America

New and expanding database: Food prices around the world