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 38 countries was -0.89 percent. The highest value was in Kuwait: 30.41 percent and the lowest value was in the Maldives: -11.61 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 |
| Iraq | 10.76 | 2 | 2004 - 2023 |
| Qatar | 10.32 | 3 | 2001 - 2022 |
| UA Emirates | 9.97 | 4 | 1991 - 2023 |
| Azerbaijan | 5.96 | 5 | 1994 - 2022 |
| Palestine | 3.6 | 6 | 1999 - 2023 |
| Oman | 2.7 | 7 | 2003 - 2023 |
| Saudi Arabia | 2.53 | 8 | 1969 - 2023 |
| Macao | 2.5 | 9 | 2010 - 2023 |
| Singapore | 1.24 | 10 | 1990 - 2023 |
| Brunei | 1.13 | 11 | 2000 - 2022 |
| Taiwan | 0.2 | 12 | 1974 - 2023 |
| Kazakhstan | 0.11 | 13 | 2002 - 2023 |
| South Korea | 0 | 14 | 2013 - 2023 |
| Kyrgyzstan | -0.29 | 15 | 1995 - 2023 |
| Laos | -0.3 | 16 | 2001 - 2023 |
| Nepal | -1.1 | 17 | 2000 - 2023 |
| Israel | -1.77 | 18 | 1980 - 2023 |
| Burma | -2.19 | 19 | 2012 - 2023 |
| Armenia | -2.23 | 20 | 2000 - 2023 |
| Indonesia | -2.35 | 21 | 1993 - 2023 |
| Yemen | -2.67 | 22 | 1990 - 2022 |
| Iran | -2.81 | 23 | 1990 - 2022 |
| Georgia | -3 | 24 | 2002 - 2023 |
| Hong Kong | -4.3 | 25 | 1997 - 2023 |
| Jordan | -4.5 | 26 | 1990 - 2023 |
| Bangladesh | -4.6 | 27 | 1980 - 2023 |
| China | -4.7 | 28 | 1982 - 2023 |
| Bahrain | -5.12 | 29 | 1990 - 2023 |
| Malaysia | -5.6 | 30 | 1970 - 2023 |
| Thailand | -5.6 | 31 | 1979 - 2023 |
| Bhutan | -6.95 | 32 | 1981 - 2023 |
| Philippines | -7.3 | 33 | 1988 - 2023 |
| Pakistan | -7.9 | 34 | 1993 - 2024 |
| Mongolia | -8.9 | 35 | 2000 - 2023 |
| India | -9.2 | 36 | 1988 - 2023 |
| Sri Lanka | -10.2 | 37 | 1977 - 2023 |
| Maldives | -11.61 | 38 | 1997 - 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.
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30.41
10.76
10.32
9.97
5.96
3.60
2.70
2.53
2.50
1.24
1.13
0.20
0.11
0.00
-0.29
-0.30
-1.10
-1.77
-2.19
-2.23
-2.35
-2.67
-2.81
-3.00
-4.30
-4.50
-4.60
-4.70
-5.12
-5.60
-5.60
-6.95
-7.30
-7.90
-8.90
-9.20
-10.20
-11.61
-11.61
-1.1
9.4
19.9
30.41
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