* indicates monthly or quarterly data series

Fiscal balance, percent of GDP, 2022:

The average for 2022 based on 42 countries was -1.82 percent. The highest value was in Norway: 25.56 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
Norway 25.56 1 1981 - 2023
Andorra 4.8 2 2015 - 2023
Denmark 3.3 3 1995 - 2023
Liechtenstein 3.3 4 2011 - 2022
Cyprus 2.7 5 1995 - 2023
Sweden 1.2 6 1995 - 2023
Switzerland 1.19 7 1983 - 2023
Faroe Isl. 1.09 8 1998 - 2022
Croatia 0.1 9 1995 - 2023
Netherlands -0.1 10 1995 - 2023
Luxembourg -0.3 11 1995 - 2023
Portugal -0.3 12 1995 - 2023
Finland -0.4 13 1975 - 2023
Lithuania -0.6 14 1995 - 2023
Estonia -1 15 1995 - 2023
Russia -1.36 16 1998 - 2023
Slovakia -1.7 17 1995 - 2023
Belarus -2.07 18 2001 - 2022
Germany -2.1 19 1991 - 2024
Turkey -2.38 20 2002 - 2023
Greece -2.5 21 1995 - 2023
Bulgaria -2.9 22 1997 - 2023
Slovenia -3 23 1995 - 2023
Czechia -3.17 24 1995 - 2023
Serbia -3.2 25 2005 - 2023
Austria -3.3 26 1995 - 2023
Moldova -3.3 27 1999 - 2023
Poland -3.4 28 1995 - 2023
Belgium -3.6 29 1995 - 2023
Albania -3.66 30 1993 - 2023
Iceland -4 31 1980 - 2023
Latvia -4.4 32 1995 - 2022
Ireland -4.6 33 1995 - 2023
Spain -4.7 34 1995 - 2023
France -4.8 35 1960 - 2023
North Macedonia -5.14 36 1998 - 2022
UK -5.35 37 1960 - 2023
Malta -5.5 38 1995 - 2023
Hungary -6.2 39 1995 - 2023
Romania -6.3 40 1995 - 2023
Italy -8.6 41 1995 - 2023
Ukraine -15.6 42 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.

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