Fiscal balance, percent of GDP - Country rankings
* indicates monthly or quarterly data series
Fiscal balance, percent of GDP, 2024:
The average for 2024 based on 185 countries was -2.69 percent. The highest value was in Kuwait: 23.79 percent and the lowest value was in Libya: -25.05 percent. The indicator is available from 1990 to 2024. Below is a chart for all countries where data are available.Measure: percent; Source: The World Bank
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* indicates monthly or quarterly data series
| Countries | Fiscal balance, percent of GDP, 2024 | Global rank | Available data |
|---|---|---|---|
| Kuwait | 23.79 | 1 | 1990 - 2024 |
| Norway | 13.25 | 2 | 1990 - 2024 |
| Samoa | 9.29 | 3 | 1992 - 2024 |
| Micronesia | 9.19 | 4 | 1995 - 2024 |
| Lesotho | 9.04 | 5 | 1990 - 2024 |
| Haiti | 6.96 | 6 | 1997 - 2024 |
| Macao | 6.91 | 7 | 1996 - 2024 |
| Grenada | 6.66 | 8 | 1990 - 2024 |
| UA Emirates | 6.42 | 9 | 1991 - 2024 |
| Denmark | 4.46 | 10 | 1990 - 2024 |
| Singapore | 4.44 | 11 | 1990 - 2024 |
| Cyprus | 4.28 | 12 | 1995 - 2024 |
| Tonga | 4.17 | 13 | 1999 - 2024 |
| Ireland | 4.09 | 14 | 1990 - 2024 |
| Azerbaijan | 4.06 | 15 | 1994 - 2024 |
| Aruba | 3.77 | 16 | 1995 - 2024 |
| R. of Congo | 3.62 | 17 | 1990 - 2024 |
| Oman | 3.31 | 18 | 1990 - 2024 |
| Andorra | 2.86 | 19 | 2001 - 2024 |
| Nicaragua | 2.48 | 20 | 2000 - 2024 |
| Laos | 2.34 | 21 | 2000 - 2024 |
| Kyrgyzstan | 1.87 | 22 | 1995 - 2024 |
| Palau | 1.67 | 23 | 2000 - 2024 |
| Ant.& Barb. | 1.61 | 24 | 1990 - 2024 |
| Mongolia | 1.39 | 25 | 1990 - 2024 |
| Greece | 1.34 | 26 | 1990 - 2024 |
| Belarus | 1.05 | 27 | 2001 - 2024 |
| Luxembourg | 1.03 | 28 | 1990 - 2024 |
| S.T.&Principe | 0.92 | 29 | 2000 - 2024 |
| Portugal | 0.7 | 30 | 1990 - 2024 |
| Qatar | 0.7 | 31 | 1990 - 2024 |
| Switzerland | 0.58 | 32 | 1990 - 2024 |
| Argentina | 0.46 | 33 | 1990 - 2024 |
| Tajikistan | 0.28 | 34 | 1998 - 2024 |
| Jamaica | 0.22 | 35 | 1990 - 2024 |
| Somalia | 0.17 | 36 | 2013 - 2024 |
| Turkmenistan | -0.08 | 37 | 1997 - 2024 |
| Bhutan | -0.17 | 38 | 1990 - 2024 |
| Lebanon | -0.19 | 39 | 1990 - 2024 |
| San Marino | -0.53 | 40 | 2004 - 2024 |
| Afghanistan | -0.54 | 41 | 2002 - 2024 |
| Puerto Rico | -0.54 | 42 | 2014 - 2024 |
| Eq. Guinea | -0.55 | 43 | 1996 - 2024 |
| Seychelles | -0.69 | 44 | 1990 - 2024 |
| Albania | -0.73 | 45 | 1997 - 2024 |
| South Korea | -0.78 | 46 | 1990 - 2024 |
| Barbados | -0.88 | 47 | 1994 - 2024 |
| Slovenia | -0.93 | 48 | 1995 - 2024 |
| Netherlands | -0.95 | 49 | 1990 - 2024 |
| Guatemala | -0.96 | 50 | 1995 - 2024 |
| Angola | -1.01 | 51 | 1996 - 2024 |
| Zimbabwe | -1.06 | 52 | 2005 - 2024 |
| Cape Verde | -1.07 | 53 | 1994 - 2024 |
| Honduras | -1.12 | 54 | 1990 - 2024 |
| Bahamas | -1.2 | 55 | 1990 - 2024 |
| Belize | -1.23 | 56 | 1996 - 2024 |
| Ecuador | -1.28 | 57 | 1995 - 2024 |
| Lithuania | -1.28 | 58 | 1990 - 2024 |
| Thailand | -1.29 | 59 | 1990 - 2024 |
| Swaziland | -1.34 | 60 | 1990 - 2024 |
| Mauritania | -1.35 | 61 | 2004 - 2024 |
| Cameroon | -1.48 | 62 | 2000 - 2024 |
| DR Congo | -1.48 | 63 | 1996 - 2024 |
| Estonia | -1.51 | 64 | 1995 - 2024 |
| Japan | -1.53 | 65 | 1990 - 2024 |
| Vietnam | -1.54 | 66 | 1998 - 2024 |
| Nigeria | -1.57 | 67 | 1990 - 2024 |
| Kazakhstan | -1.6 | 68 | 2002 - 2024 |
| Russia | -1.6 | 69 | 1998 - 2024 |
| Sweden | -1.72 | 70 | 1990 - 2024 |
| Serbia | -1.75 | 71 | 2000 - 2024 |
| Latvia | -1.82 | 72 | 1995 - 2024 |
| Bosnia & Herz. | -1.88 | 73 | 1998 - 2024 |
| Croatia | -1.95 | 74 | 1992 - 2024 |
| Liberia | -1.98 | 75 | 2000 - 2024 |
| Czechia | -1.99 | 76 | 1995 - 2024 |
| Ethiopia | -1.99 | 77 | 1990 - 2024 |
| Canada | -2.01 | 78 | 1990 - 2024 |
| Chad | -2.11 | 79 | 1995 - 2024 |
| Saint Lucia | -2.11 | 80 | 1990 - 2024 |
| Paraguay | -2.12 | 81 | 1990 - 2024 |
| Dominica | -2.2 | 82 | 1990 - 2024 |
| Australia | -2.25 | 83 | 1990 - 2024 |
| Georgia | -2.3 | 84 | 1995 - 2024 |
| Indonesia | -2.3 | 85 | 1990 - 2024 |
| Vanuatu | -2.34 | 86 | 1991 - 2024 |
| Uzbekistan | -2.37 | 87 | 1992 - 2024 |
| Suriname | -2.42 | 88 | 1990 - 2024 |
| Madagascar | -2.48 | 89 | 1990 - 2024 |
| Yemen | -2.48 | 90 | 1990 - 2024 |
| Saudi Arabia | -2.49 | 91 | 1991 - 2024 |
| Mali | -2.57 | 92 | 2000 - 2024 |
| Djibouti | -2.6 | 93 | 1990 - 2024 |
| Germany | -2.66 | 94 | 1990 - 2024 |
| Cambodia | -2.67 | 95 | 1996 - 2024 |
| Nepal | -2.76 | 96 | 2000 - 2024 |
| Montenegro | -2.81 | 97 | 2002 - 2024 |
| Chile | -2.82 | 98 | 1990 - 2024 |
| Comoros | -2.92 | 99 | 1990 - 2024 |
| Tanzania | -3.03 | 100 | 1991 - 2024 |
| Bulgaria | -3.04 | 101 | 1995 - 2024 |
| Benin | -3.06 | 102 | 1990 - 2024 |
| Solomon Isl. | -3.08 | 103 | 1990 - 2024 |
| Domin. Rep. | -3.09 | 104 | 1990 - 2024 |
| Spain | -3.15 | 105 | 1990 - 2024 |
| Uruguay | -3.22 | 106 | 1990 - 2024 |
| Papua N.G. | -3.23 | 107 | 1990 - 2024 |
| Zambia | -3.32 | 108 | 2000 - 2024 |
| Italy | -3.45 | 109 | 1990 - 2024 |
| Sudan | -3.46 | 110 | 1990 - 2024 |
| Fiji | -3.5 | 111 | 1992 - 2024 |
| Iceland | -3.51 | 112 | 1990 - 2024 |
| Peru | -3.54 | 113 | 1990 - 2024 |
| Malta | -3.58 | 114 | 2000 - 2024 |
| Namibia | -3.59 | 115 | 1990 - 2024 |
| Venezuela | -3.6 | 116 | 1990 - 2024 |
| New Zealand | -3.61 | 117 | 1990 - 2024 |
| Armenia | -3.69 | 118 | 2005 - 2024 |
| Bangladesh | -3.7 | 119 | 1990 - 2024 |
| Philippines | -3.78 | 120 | 1990 - 2024 |
| Iran | -3.83 | 121 | 1990 - 2024 |
| Gabon | -3.84 | 122 | 1990 - 2024 |
| Moldova | -3.88 | 123 | 1995 - 2024 |
| Morocco | -3.92 | 124 | 1990 - 2024 |
| Malaysia | -3.95 | 125 | 1990 - 2024 |
| Ivory Coast | -3.97 | 126 | 1997 - 2024 |
| Uganda | -3.99 | 127 | 1997 - 2024 |
| Gambia | -4.08 | 128 | 2000 - 2024 |
| Iraq | -4.14 | 129 | 2004 - 2024 |
| Niger | -4.27 | 130 | 1995 - 2024 |
| Finland | -4.41 | 131 | 1990 - 2024 |
| North Macedonia | -4.45 | 132 | 1997 - 2024 |
| Belgium | -4.52 | 133 | 1990 - 2024 |
| Sierra Leone | -4.53 | 134 | 2000 - 2024 |
| El Salvador | -4.55 | 135 | 1990 - 2024 |
| Turkey | -4.57 | 136 | 1990 - 2024 |
| Austria | -4.64 | 137 | 1990 - 2024 |
| Burundi | -4.84 | 138 | 1990 - 2024 |
| Hungary | -4.92 | 139 | 1995 - 2024 |
| Guinea | -4.99 | 140 | 1990 - 2024 |
| Burma | -5.06 | 141 | 1998 - 2024 |
| C.A. Republic | -5.09 | 142 | 1990 - 2024 |
| Slovakia | -5.27 | 143 | 1995 - 2024 |
| Tr.&Tobago | -5.27 | 144 | 1990 - 2024 |
| Sri Lanka | -5.64 | 145 | 1990 - 2024 |
| Mexico | -5.73 | 146 | 1990 - 2024 |
| UK | -5.75 | 147 | 1990 - 2024 |
| France | -5.77 | 148 | 1990 - 2024 |
| Kenya | -5.77 | 149 | 1990 - 2024 |
| South Africa | -5.79 | 150 | 1990 - 2024 |
| Hong Kong | -5.82 | 151 | 1990 - 2024 |
| Burkina Faso | -5.84 | 152 | 1990 - 2024 |
| Tunisia | -5.92 | 153 | 1991 - 2024 |
| Mozambique | -6.17 | 154 | 1990 - 2024 |
| Brazil | -6.19 | 155 | 1996 - 2024 |
| Colombia | -6.25 | 156 | 1990 - 2024 |
| Rwanda | -6.57 | 157 | 1992 - 2024 |
| Poland | -6.59 | 158 | 1995 - 2024 |
| Pakistan | -6.81 | 159 | 1990 - 2024 |
| Egypt | -7.12 | 160 | 1999 - 2024 |
| Mauritius | -7.2 | 161 | 2000 - 2024 |
| G.-Bissau | -7.26 | 162 | 1991 - 2024 |
| Ghana | -7.31 | 163 | 1990 - 2024 |
| Guyana | -7.31 | 164 | 1997 - 2024 |
| Jordan | -7.33 | 165 | 1990 - 2024 |
| China | -7.34 | 166 | 1990 - 2024 |
| Panama | -7.42 | 167 | 1994 - 2024 |
| Togo | -7.43 | 168 | 1990 - 2024 |
| Botswana | -7.78 | 169 | 1999 - 2024 |
| India | -7.9 | 170 | 1990 - 2024 |
| USA | -8.03 | 171 | 1990 - 2024 |
| Tuvalu | -8.23 | 172 | 2004 - 2024 |
| Israel | -8.26 | 173 | 1990 - 2024 |
| Romania | -8.68 | 174 | 1990 - 2024 |
| Brunei | -10.2 | 175 | 1990 - 2024 |
| Bahrain | -10.62 | 176 | 1990 - 2024 |
| Bolivia | -10.62 | 177 | 1990 - 2024 |
| Malawi | -10.99 | 178 | 2002 - 2024 |
| St. Vincent & ... | -12.9 | 179 | 1990 - 2024 |
| Senegal | -13.42 | 180 | 1994 - 2024 |
| Algeria | -13.79 | 181 | 1990 - 2024 |
| Maldives | -13.9 | 182 | 1990 - 2024 |
| Ukraine | -17.21 | 183 | 1995 - 2024 |
| Kiribati | -22 | 184 | 1990 - 2024 |
| Libya | -25.05 | 185 | 1990 - 2024 |
Definition: The fiscal (budget) balance is the difference between government revenue and government expenditure. The value is expressed as percent of GDP to relate it to the size of the economy. The source for these data is: Kose, M. Ayhan, Sergio Kurlat, Franziska Ohnsorge, and Naotaka Sugawara. 2022. "A Cross-Country Database of Fiscal Space." Journal of International Money and Finance 128 (November): 102682.
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23.79
13.25
9.29
9.19
9.04
6.96
6.91
6.66
6.42
4.46
4.44
4.28
4.17
4.09
4.06
3.77
3.62
3.31
2.86
2.48
2.34
1.87
1.67
1.61
1.39
1.34
1.05
1.03
0.92
0.70
0.70
0.58
0.46
0.28
0.22
0.17
-0.08
-0.17
-0.19
-0.53
-0.54
-0.54
-0.55
-0.69
-0.73
-0.78
-0.88
-0.93
-0.95
-0.96
-1.01
-1.06
-1.07
-1.12
-1.20
-1.23
-1.28
-1.28
-1.29
-1.34
-1.35
-1.48
-1.48
-1.51
-1.53
-1.54
-1.57
-1.60
-1.60
-1.72
-1.75
-1.82
-1.88
-1.95
-1.98
-1.99
-1.99
-2.01
-2.11
-2.11
-2.12
-2.20
-2.25
-2.30
-2.30
-2.34
-2.37
-2.42
-2.48
-2.48
-2.49
-2.57
-2.60
-2.66
-2.67
-2.76
-2.81
-2.82
-2.92
-3.03
-3.04
-3.06
-3.08
-3.09
-3.15
-3.22
-3.23
-3.32
-3.45
-3.46
-3.50
-3.51
-3.54
-3.58
-3.59
-3.60
-3.61
-3.69
-3.70
-3.78
-3.83
-3.84
-3.88
-3.92
-3.95
-3.97
-3.99
-4.08
-4.14
-4.27
-4.41
-4.45
-4.52
-4.53
-4.55
-4.57
-4.64
-4.84
-4.92
-4.99
-5.06
-5.09
-5.27
-5.27
-5.64
-5.73
-5.75
-5.77
-5.77
-5.79
-5.82
-5.84
-5.92
-6.17
-6.19
-6.25
-6.57
-6.59
-6.81
-7.12
-7.20
-7.26
-7.31
-7.31
-7.33
-7.34
-7.42
-7.43
-7.78
-7.90
-8.03
-8.23
-8.26
-8.68
-10.20
-10.62
-10.62
-10.99
-12.90
-13.42
-13.79
-13.90
-17.21
-22.00
-25.05
-25.05
-12.8
-0.6
11.6
23.79
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/Oceania 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