Fiscal balance, percent of GDP - Country rankings
* indicates monthly or quarterly data series
Fiscal balance, percent of GDP, 2024:
The average for 2024 based on 27 countries was -2.11 percent. The highest value was in Denmark: 4.46 percent and the lowest value was in Romania: -8.68 percent. The indicator is available from 1990 to 2024. Below is a chart for all countries where data are available.Measure: percent; Source: The World Bank
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* indicates monthly or quarterly data series
| Countries | Fiscal balance, percent of GDP, 2024 | Global rank | Available data |
|---|---|---|---|
| Denmark | 4.46 | 1 | 1990 - 2024 |
| Cyprus | 4.28 | 2 | 1995 - 2024 |
| Ireland | 4.09 | 3 | 1990 - 2024 |
| Greece | 1.34 | 4 | 1990 - 2024 |
| Luxembourg | 1.03 | 5 | 1990 - 2024 |
| Portugal | 0.7 | 6 | 1990 - 2024 |
| Slovenia | -0.93 | 7 | 1995 - 2024 |
| Netherlands | -0.95 | 8 | 1990 - 2024 |
| Lithuania | -1.28 | 9 | 1990 - 2024 |
| Estonia | -1.51 | 10 | 1995 - 2024 |
| Sweden | -1.72 | 11 | 1990 - 2024 |
| Latvia | -1.82 | 12 | 1995 - 2024 |
| Croatia | -1.95 | 13 | 1992 - 2024 |
| Czechia | -1.99 | 14 | 1995 - 2024 |
| Germany | -2.66 | 15 | 1990 - 2024 |
| Bulgaria | -3.04 | 16 | 1995 - 2024 |
| Spain | -3.15 | 17 | 1990 - 2024 |
| Italy | -3.45 | 18 | 1990 - 2024 |
| Malta | -3.58 | 19 | 2000 - 2024 |
| Finland | -4.41 | 20 | 1990 - 2024 |
| Belgium | -4.52 | 21 | 1990 - 2024 |
| Austria | -4.64 | 22 | 1990 - 2024 |
| Hungary | -4.92 | 23 | 1995 - 2024 |
| Slovakia | -5.27 | 24 | 1995 - 2024 |
| France | -5.77 | 25 | 1990 - 2024 |
| Poland | -6.59 | 26 | 1995 - 2024 |
| Romania | -8.68 | 27 | 1990 - 2024 |
Definition: The fiscal (budget) balance is the difference between government revenue and government expenditure. The value is expressed as percent of GDP to relate it to the size of the economy. The source for these data is: Kose, M. Ayhan, Sergio Kurlat, Franziska Ohnsorge, and Naotaka Sugawara. 2022. "A Cross-Country Database of Fiscal Space." Journal of International Money and Finance 128 (November): 102682.
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4.46
4.28
4.09
1.34
1.03
0.70
-0.93
-0.95
-1.28
-1.51
-1.72
-1.82
-1.95
-1.99
-2.66
-3.04
-3.15
-3.45
-3.58
-4.41
-4.52
-4.64
-4.92
-5.27
-5.77
-6.59
-8.68
-8.68
-5.4
-2.1
1.2
4.46
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