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 27 countries was -2.45 percent. The highest value was in Denmark: 3.3 percent and the lowest value was in Italy: -8.6 percent. The indicator is available from 1960 to 2024. Below is a chart for all countries where data are available.Measure: percent; Source:
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* indicates monthly or quarterly data series
| Countries | Fiscal balance, percent of GDP, 2022 | Global rank | Available data |
|---|---|---|---|
| Denmark | 3.3 | 1 | 1995 - 2023 |
| Cyprus | 2.7 | 2 | 1995 - 2023 |
| Sweden | 1.2 | 3 | 1995 - 2023 |
| Croatia | 0.1 | 4 | 1995 - 2023 |
| Netherlands | -0.1 | 5 | 1995 - 2023 |
| Luxembourg | -0.3 | 6 | 1995 - 2023 |
| Portugal | -0.3 | 7 | 1995 - 2023 |
| Finland | -0.4 | 8 | 1975 - 2023 |
| Lithuania | -0.6 | 9 | 1995 - 2023 |
| Estonia | -1 | 10 | 1995 - 2023 |
| Slovakia | -1.7 | 11 | 1995 - 2023 |
| Germany | -2.1 | 12 | 1991 - 2024 |
| Greece | -2.5 | 13 | 1995 - 2023 |
| Bulgaria | -2.9 | 14 | 1997 - 2023 |
| Slovenia | -3 | 15 | 1995 - 2023 |
| Czechia | -3.17 | 16 | 1995 - 2023 |
| Austria | -3.3 | 17 | 1995 - 2023 |
| Poland | -3.4 | 18 | 1995 - 2023 |
| Belgium | -3.6 | 19 | 1995 - 2023 |
| Latvia | -4.4 | 20 | 1995 - 2022 |
| Ireland | -4.6 | 21 | 1995 - 2023 |
| Spain | -4.7 | 22 | 1995 - 2023 |
| France | -4.8 | 23 | 1960 - 2023 |
| Malta | -5.5 | 24 | 1995 - 2023 |
| Hungary | -6.2 | 25 | 1995 - 2023 |
| Romania | -6.3 | 26 | 1995 - 2023 |
| Italy | -8.6 | 27 | 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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3.30
2.70
1.20
0.10
-0.10
-0.30
-0.30
-0.40
-0.60
-1.00
-1.70
-2.10
-2.50
-2.90
-3.00
-3.17
-3.30
-3.40
-3.60
-4.40
-4.60
-4.70
-4.80
-5.50
-6.20
-6.30
-8.60
-8.6
-5.6
-2.7
0.3
3.3
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