* indicates monthly or quarterly data series

Fiscal balance, percent of GDP, 2022:

The average for 2022 based on 27 countries was -2.32 percent. The highest value was in Denmark: 3.3 percent and the lowest value was in Italy: -8 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
Denmark 3.3 1 1995 - 2022
Cyprus 2.1 2 1995 - 2022
Ireland 1.6 3 1995 - 2022
Sweden 0.7 4 1995 - 2022
Croatia 0.4 5 1995 - 2022
Luxembourg 0.2 6 1995 - 2022
Netherlands 0 7 1995 - 2022
Portugal -0.4 8 1995 - 2022
Lithuania -0.6 9 1995 - 2022
Estonia -0.9 10 1995 - 2022
Finland -0.9 11 1975 - 2022
Slovakia -2 12 1995 - 2022
Greece -2.3 13 1995 - 2022
Germany -2.5 14 1991 - 2023
Bulgaria -2.9 15 1997 - 2022
Austria -3.2 16 1995 - 2022
Czechia -3.64 17 1995 - 2022
Poland -3.7 18 1995 - 2022
Belgium -3.9 19 1995 - 2022
Slovenia -3.9 20 1995 - 2022
Latvia -4.4 21 1995 - 2022
France -4.72 22 1960 - 2022
Spain -4.8 23 1995 - 2022
Malta -5.8 24 1995 - 2022
Hungary -6.2 25 1995 - 2022
Romania -6.2 26 1995 - 2022
Italy -8 27 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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