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 164 countries was -2.5 percent. The highest value was in Kuwait: 30.41 percent and the lowest value was in Ukraine: -15.6 percent. The indicator is available from 1960 to 2024. 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 30.41 1 1985 - 2023
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 9.97 6 1991 - 2023
R. of Congo 8.9 7 1989 - 2023
Azerbaijan 5.96 8 1994 - 2022
Chad 5.4 9 1995 - 2023
Samoa 5.37 10 2011 - 2023
Andorra 4.8 11 2015 - 2023
Palestine 3.6 12 1999 - 2023
Denmark 3.3 13 1995 - 2023
Liechtenstein 3.3 14 2011 - 2022
Libya 3.1 15 2018 - 2023
Cyprus 2.7 16 1995 - 2023
Oman 2.6 17 2003 - 2022
Saudi Arabia 2.53 18 1969 - 2023
Macao 2.5 19 2010 - 2023
Puerto Rico 1.79 20 2014 - 2023
Gabon 1.4 21 1990 - 2023
Chile 1.36 22 1990 - 2023
Singapore 1.24 23 1990 - 2023
Sweden 1.2 24 1995 - 2023
Switzerland 1.19 25 1983 - 2023
Brunei 1.13 26 2000 - 2022
Faroe Isl. 1.09 27 1998 - 2022
Grenada 0.92 28 1990 - 2022
Nicaragua 0.79 29 2000 - 2022
Angola 0.7 30 1996 - 2023
Tr.&Tobago 0.7 31 1960 - 2023
Jamaica 0.28 32 1990 - 2024
Taiwan 0.2 33 1974 - 2023
Kazakhstan 0.11 34 2002 - 2023
Croatia 0.1 35 1995 - 2023
Somalia 0 36 2018 - 2023
South Korea 0 37 2013 - 2023
Ecuador -0.02 38 2000 - 2023
Netherlands -0.1 39 1995 - 2023
Kyrgyzstan -0.29 40 1995 - 2023
Laos -0.3 41 2001 - 2023
Luxembourg -0.3 42 1995 - 2023
Portugal -0.3 43 1995 - 2023
Finland -0.4 44 1975 - 2023
Lithuania -0.6 45 1995 - 2023
Guinea -0.8 46 1990 - 2023
Botswana -1 47 2000 - 2022
Estonia -1 48 1995 - 2023
Cameroon -1.1 49 2007 - 2023
Nepal -1.1 50 2000 - 2023
Eritrea -1.3 51 2008 - 2023
Russia -1.36 52 1998 - 2023
Aruba -1.4 53 1995 - 2023
Australia -1.4 54 1988 - 2023
Djibouti -1.4 55 2018 - 2023
Saint Lucia -1.65 56 1985 - 2023
Honduras -1.66 57 2002 - 2023
Guatemala -1.7 58 1995 - 2023
Slovakia -1.7 59 1995 - 2023
Sudan -1.7 60 1990 - 2023
Peru -1.71 61 1970 - 2023
Haiti -1.75 62 1997 - 2023
Israel -1.77 63 1980 - 2023
Barbados -2 64 2007 - 2022
Belarus -2.07 65 2001 - 2022
Germany -2.1 66 1991 - 2024
Zimbabwe -2.1 67 2018 - 2023
Burma -2.19 68 2012 - 2023
Armenia -2.23 69 2000 - 2023
Indonesia -2.35 70 1993 - 2023
Turkey -2.38 71 2002 - 2023
Greece -2.5 72 1995 - 2023
New Zealand -2.66 73 1972 - 2023
Domin. Rep. -2.67 74 2000 - 2022
Yemen -2.67 75 1990 - 2022
El Salvador -2.69 76 1990 - 2023
Iran -2.81 77 1990 - 2022
Ant.& Barb. -2.84 78 1990 - 2023
Bulgaria -2.9 79 1997 - 2023
Solomon Isl. -2.94 80 1980 - 2023
Georgia -3 81 2002 - 2023
Slovenia -3 82 1995 - 2023
Czechia -3.17 83 1995 - 2023
Mexico -3.2 84 1990 - 2023
Serbia -3.2 85 2005 - 2023
Austria -3.3 86 1995 - 2023
Moldova -3.3 87 1999 - 2023
Uruguay -3.39 88 2009 - 2023
Ethiopia -3.4 89 1990 - 2022
Poland -3.4 90 1995 - 2023
Belgium -3.6 91 1995 - 2023
Canada -3.6 92 1967 - 2023
Mauritania -3.6 93 2007 - 2023
Tanzania -3.6 94 2018 - 2023
Albania -3.66 95 1993 - 2023
Panama -3.98 96 2009 - 2023
Iceland -4 97 1980 - 2023
Hong Kong -4.3 98 1997 - 2023
USA -4.35 99 1960 - 2023
Latvia -4.4 100 1995 - 2022
Jordan -4.5 101 1990 - 2023
Brazil -4.57 102 1996 - 2023
Bangladesh -4.6 103 1980 - 2023
Cape Verde -4.6 104 1994 - 2023
Ireland -4.6 105 1995 - 2023
China -4.7 106 1982 - 2023
Spain -4.7 107 1995 - 2023
Argentina -4.74 108 1961 - 2023
France -4.8 109 1960 - 2023
Gambia -4.9 110 2005 - 2023
Burundi -5 111 2018 - 2023
Mali -5 112 2008 - 2023
Mozambique -5.1 113 2018 - 2023
Namibia -5.1 114 2018 - 2023
Bahrain -5.12 115 1990 - 2023
North Macedonia -5.14 116 1998 - 2022
Guyana -5.18 117 1997 - 2023
Papua N.G. -5.26 118 2015 - 2023
UK -5.35 119 1960 - 2023
C.A. Republic -5.4 120 1988 - 2023
Morocco -5.4 121 1998 - 2023
Nigeria -5.4 122 1990 - 2023
Benin -5.5 123 2008 - 2023
Malta -5.5 124 1995 - 2023
Malaysia -5.6 125 1970 - 2023
Thailand -5.6 126 1979 - 2023
Bahamas -5.8 127 1990 - 2023
Palau -6.01 128 2013 - 2022
Egypt -6.1 129 2002 - 2023
Mauritius -6.1 130 1983 - 2023
Senegal -6.1 131 2008 - 2023
Hungary -6.2 132 1995 - 2023
S.T.&Principe -6.2 133 2018 - 2023
Swaziland -6.23 134 1980 - 2023
Kenya -6.3 135 1982 - 2023
Romania -6.3 136 1995 - 2023
Colombia -6.49 137 2008 - 2023
G.-Bissau -6.5 138 1991 - 2023
Liberia -6.5 139 2000 - 2023
Madagascar -6.8 140 1980 - 2022
Malawi -6.8 141 2005 - 2023
Niger -6.8 142 2008 - 2023
Bhutan -6.95 143 1981 - 2023
Bolivia -7.12 144 1981 - 2022
Dominica -7.21 145 1990 - 2023
Philippines -7.3 146 1988 - 2023
Uganda -7.4 147 1997 - 2023
Tunisia -7.7 148 1986 - 2023
Algeria -7.8 149 1990 - 2023
Pakistan -7.9 150 1993 - 2024
Zambia -8.2 151 2002 - 2023
Togo -8.5 152 2008 - 2023
Italy -8.6 153 1995 - 2023
Burkina Faso -8.9 154 2009 - 2023
Mongolia -8.9 155 2000 - 2023
St. Vincent & ... -9.17 156 1980 - 2023
India -9.2 157 1988 - 2023
Sierra Leone -9.6 158 2000 - 2023
Sri Lanka -10.2 159 1977 - 2023
Cuba -11.11 160 1996 - 2022
Maldives -11.61 161 1997 - 2023
Ghana -11.8 162 2004 - 2023
Kiribati -13.12 163 2011 - 2022
Ukraine -15.6 164 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.

Selected articles from our guide:

The unholy trinity of international finance

Most commonly used measures of corruption

All articles

1. Kuwait
2. Norway
3. Eq. Guinea
4. Iraq
5. Qatar
6. UA Emirates
7. R. of Congo
8. Azerbaijan
9. Chad
10. Samoa
11. Andorra
12. Palestine
13. Denmark
14. Liechtenstein
15. Libya
16. Cyprus
17. Oman
18. Saudi Arabia
19. Macao
20. Puerto Rico
21. Gabon
22. Chile
23. Singapore
24. Sweden
25. Switzerland
26. Brunei
27. Faroe Isl.
28. Grenada
29. Nicaragua
30. Angola
31. Tr.&Tobago
32. Jamaica
33. Taiwan
34. Kazakhstan
35. Croatia
36. Somalia
37. South Korea
38. Ecuador
39. Netherlands
40. Kyrgyzstan
41. Laos
42. Luxembourg
43. Portugal
44. Finland
45. Lithuania
46. Guinea
47. Botswana
48. Estonia
49. Cameroon
50. Nepal
51. Eritrea
52. Russia
53. Aruba
54. Australia
55. Djibouti
56. Saint Lucia
57. Honduras
58. Guatemala
59. Slovakia
60. Sudan
61. Peru
62. Haiti
63. Israel
64. Barbados
65. Belarus
66. Germany
67. Zimbabwe
68. Burma
69. Armenia
70. Indonesia
71. Turkey
72. Greece
73. New Zealand
74. Domin. Rep.
75. Yemen
76. El Salvador
77. Iran
78. Ant.& Barb.
79. Bulgaria
80. Solomon Isl.
81. Georgia
82. Slovenia
83. Czechia
84. Mexico
85. Serbia
86. Austria
87. Moldova
88. Uruguay
89. Ethiopia
90. Poland
91. Belgium
92. Canada
93. Mauritania
94. Tanzania
95. Albania
96. Panama
97. Iceland
98. Hong Kong
99. USA
100. Latvia
101. Jordan
102. Brazil
103. Bangladesh
104. Cape Verde
105. Ireland
106. China
107. Spain
108. Argentina
109. France
110. Gambia
111. Burundi
112. Mali
113. Mozambique
114. Namibia
115. Bahrain
116. North Macedonia
117. Guyana
118. Papua N.G.
119. UK
120. C.A. Republic
121. Morocco
122. Nigeria
123. Benin
124. Malta
125. Malaysia
126. Thailand
127. Bahamas
128. Palau
129. Egypt
130. Mauritius
131. Senegal
132. Hungary
133. S.T.&Principe
134. Swaziland
135. Kenya
136. Romania
137. Colombia
138. G.-Bissau
139. Liberia
140. Madagascar
141. Malawi
142. Niger
143. Bhutan
144. Bolivia
145. Dominica
146. Philippines
147. Uganda
148. Tunisia
149. Algeria
150. Pakistan
151. Zambia
152. Togo
153. Italy
154. Burkina Faso
155. Mongolia
156. St. Vincent & ...
157. India
158. Sierra Leone
159. Sri Lanka
160. Cuba
161. Maldives
162. Ghana
163. Kiribati
164. Ukraine
30.41
25.56
11.90
10.76
10.32
9.97
8.90
5.96
5.40
5.37
4.80
3.60
3.30
3.30
3.10
2.70
2.60
2.53
2.50
1.79
1.40
1.36
1.24
1.20
1.19
1.13
1.09
0.92
0.79
0.70
0.70
0.28
0.20
0.11
0.10
0.00
0.00
-0.02
-0.10
-0.29
-0.30
-0.30
-0.30
-0.40
-0.60
-0.80
-1.00
-1.00
-1.10
-1.10
-1.30
-1.36
-1.40
-1.40
-1.40
-1.65
-1.66
-1.70
-1.70
-1.70
-1.71
-1.75
-1.77
-2.00
-2.07
-2.10
-2.10
-2.19
-2.23
-2.35
-2.38
-2.50
-2.66
-2.67
-2.67
-2.69
-2.81
-2.84
-2.90
-2.94
-3.00
-3.00
-3.17
-3.20
-3.20
-3.30
-3.30
-3.39
-3.40
-3.40
-3.60
-3.60
-3.60
-3.60
-3.66
-3.98
-4.00
-4.30
-4.35
-4.40
-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
-5.10
-5.12
-5.14
-5.18
-5.26
-5.35
-5.40
-5.40
-5.40
-5.50
-5.50
-5.60
-5.60
-5.80
-6.01
-6.10
-6.10
-6.10
-6.20
-6.20
-6.23
-6.30
-6.30
-6.49
-6.50
-6.50
-6.80
-6.80
-6.80
-6.95
-7.12
-7.21
-7.30
-7.40
-7.70
-7.80
-7.90
-8.20
-8.50
-8.60
-8.90
-8.90
-9.17
-9.20
-9.60
-10.20
-11.11
-11.61
-11.80
-13.12
-15.60
-15.6
-4.1
7.4
18.9
30.41


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