* indicates monthly or quarterly data series

Fiscal balance, percent of GDP, 2022:

The average for 2022 based on 39 countries was -2.2 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
Denmark 3.3 2 1995 - 2022
Cyprus 2.1 3 1995 - 2022
Ireland 1.6 4 1995 - 2022
Switzerland 0.94 5 1983 - 2022
Sweden 0.7 6 1995 - 2022
Croatia 0.4 7 1995 - 2022
Luxembourg 0.2 8 1995 - 2022
Netherlands 0 9 1995 - 2022
Portugal -0.4 10 1995 - 2022
Lithuania -0.6 11 1995 - 2022
Estonia -0.9 12 1995 - 2022
Finland -0.9 13 1975 - 2022
Russia -1.36 14 1998 - 2022
Slovakia -2 15 1995 - 2022
Greece -2.3 16 1995 - 2022
Germany -2.5 17 1991 - 2023
Bulgaria -2.9 18 1997 - 2022
Serbia -3.1 19 2005 - 2022
Austria -3.2 20 1995 - 2022
Moldova -3.3 21 1999 - 2022
Czechia -3.64 22 1995 - 2022
Poland -3.7 23 1995 - 2022
Albania -3.8 24 1993 - 2022
Belgium -3.9 25 1995 - 2022
Slovenia -3.9 26 1995 - 2022
Belarus -3.95 27 2001 - 2022
Turkey -4 28 2002 - 2022
Iceland -4.3 29 1980 - 2022
Latvia -4.4 30 1995 - 2022
France -4.72 31 1960 - 2022
Spain -4.8 32 1995 - 2022
North Macedonia -5.14 33 1998 - 2022
UK -5.57 34 1960 - 2022
Malta -5.8 35 1995 - 2022
Hungary -6.2 36 1995 - 2022
Romania -6.2 37 1995 - 2022
Italy -8 38 1995 - 2022
Ukraine -15.75 39 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.
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