* indicates monthly or quarterly data series

Fiscal balance, percent of GDP, 2022:

The average for 2022 based on 9 countries was -3.35 percent. The highest value was in Singapore: 1.24 percent and the lowest value was in India: -9.2 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
Singapore 1.24 1 1990 - 2023
Brunei 1.13 2 2000 - 2022
Laos -0.3 3 2001 - 2023
Burma -2.19 4 2012 - 2023
Indonesia -2.35 5 1993 - 2023
Malaysia -5.6 6 1970 - 2023
Thailand -5.6 7 1979 - 2023
Philippines -7.3 8 1988 - 2023
India -9.2 9 1988 - 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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