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.
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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