Fiscal Balance (% of GDP)

Fiscal Balance (% of GDP)

Fiscal balance, sometimes also referred to as government budget balance, is calculated as the difference between a government’s revenues (taxes and proceeds from asset sales) and its expenditures. It is often expressed as a ratio of Gross Domestic Product (GDP). If the balance is positive, the government has a surplus (it spends less than it receives). If the balance is negative, the government has a deficit (it spends more than it receives). Fiscal balance as a percentage of GDP is used as an instrument to measure a government’s ability to meet its financing needs and to ensure good management of public finances. 

The table below shows the fiscal balance as a percentage of Gross Domestic Product (GDP) in U.S. dollars (USD) by country for the last five years. 

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Fiscal Balance Data

20122013201420152016
Albania0.00.0-  -4.1-1.8
Algeria-4.4-0.9-8.0-17.0-  
Angola6.7-3.8-4.9-3.3-  
Argentina-2.1-1.9-2.4-3.9-5.9
Armenia-2.8-2.6-2.1-2.7-2.6
Australia-2.2-1.9-2.8-2.2-2.1
Austria-2.2-1.4-2.7-1.1-1.6
Azerbaijan0.30.6-0.5-1.2-0.4
Bahrain-2.0-3.3-3.6-13.0-13.0
Bangladesh-3.0-3.4-3.1-3.9-3.4
Belarus0.50.21.01.8-  
Belgium-4.2-3.0-3.1-2.5-2.6
Belize-0.8-1.1-2.9-8.4-3.3
Bolivia1.80.7-3.4-6.9-6.5
Bosnia and Herzegovina-2.0-2.2-2.00.7-  
Botswana0.85.63.7-4.6-1.9
Brazil-2.3-3.0-6.0-10.2-9.0
Brunei15.713.03.6-14.5-  
Bulgaria-0.3-0.4-5.5-1.60.0
Cambodia-3.8-2.1-1.3-1.6-2.9
Canada-1.0-0.90.00.4-0.9
Chile0.6-0.6-1.6-2.2-2.8
China-1.6-1.9-1.8-3.4-3.8
Colombia-1.9-2.2-2.6-3.1-3.8
Costa Rica-4.4-5.4-5.7-5.9-  
Croatia-5.3-5.3-5.4-3.4-0.8
Cyprus-5.6-5.1-8.8-1.20.4
Czech Republic-3.9-1.2-1.9-0.60.6
DR Congo1.84.01.3-0.1-0.8
Denmark-3.5-1.01.4-1.3-0.9
Dominican Republic-5.4-2.8-2.6-2.5-2.8
Ecuador-0.9-4.6-5.3-5.2-  
Egypt-10.8-13.7-12.1-11.5-12.2
El Salvador-3.5-3.6-3.4-3.0-2.7
Estonia-0.3-0.20.70.10.3
Ethiopia-2.0-2.6-2.5-1.9-2.9
Eurozone-3.6-3.0-2.6-2.1-1.5
Finland-2.2-2.6-3.2-2.7-1.9
France-4.8-4.0-3.9-3.6-3.4
Georgia-0.6-1.1-2.0-0.3-  
Germany0.0-0.20.30.70.8
Ghana-11.3-12.0-10.9-6.9-8.7
Greece-8.9-13.1-3.7-5.90.7
Guatemala-2.4-2.1-1.9-1.4-1.1
Haiti-4.8-7.2-6.3-2.50.0
Honduras-4.2-7.9-4.4-3.3-2.8
Hong Kong2.00.83.40.6-  
Hungary-2.3-2.6-2.1-1.6-1.8
Iceland-3.7-1.8-0.1-0.812.9
Indonesia-1.8-2.2-2.1-2.6-2.5
Iran-0.6-0.9-1.2-1.7-  
Iraq4.1-5.8-5.3-12.3-  
Ireland-8.0-5.7-3.7-2.0-0.6
Israel-3.9-3.1-2.7-2.1-2.1
Italy-2.9-2.9-3.0-2.7-2.4
Jamaica-4.10.1-0.5-0.3-0.9
Japan-9.0-8.5-6.2-5.4-  
Jordan-8.3-5.5-2.3-3.5-3.2
Kazakhstan-2.9-2.0-2.7-2.2-1.6
Kenya-6.0-6.8-7.0-9.6-8.1
Korea1.31.00.60.01.0
Kosovo-2.6-3.1-2.6-1.9-  
Kuwait33.222.219.9-11.0-  
Kyrgyzstan0.00.00.0-1.6-4.6
Laos-0.5-5.6-4.5-2.7-5.9
Latvia-1.0-1.0-1.6-1.30.0
Lebanon-8.4-8.7-6.0-7.3-  
Lithuania-3.1-2.6-0.7-0.20.3
Luxembourg0.31.01.41.41.6
Macedonia-3.8-3.8-4.2-3.5-2.6
Malaysia-4.4-3.8-3.4-3.2-3.2
Malta-3.7-2.6-2.0-1.31.0
Mexico-2.6-2.3-3.2-3.5-2.6
Moldova-2.3-1.9-1.9-2.3-2.1
Mongolia-6.8-1.2-3.9-5.0-15.2
Montenegro-  -  -  -  -  
Morocco-6.8-5.1-4.7-4.3-  
Mozambique-  -  -  -  -  
Myanmar0.9-1.3-0.9-4.4-4.6
Netherlands-3.9-2.4-2.3-2.10.4
New Zealand-4.3-1.9-1.10.30.9
Nicaragua-0.1-0.7-1.2-1.6-2.0
Nigeria-1.3-1.4-0.9-1.6-  
Norway13.810.88.86.03.1
Oman-0.30.8-3.4-18.7-26.2
Pakistan-6.8-8.2-5.5-5.3-4.6
Panama-2.9-2.4-3.1-2.3-1.9
Paraguay-1.7-1.7-1.1-1.7-1.5
Peru2.30.9-0.3-2.1-2.6
Philippines-2.3-1.4-0.6-0.9-2.4
Poland-3.7-4.1-3.5-2.6-2.4
Portugal-5.7-4.8-7.2-4.4-2.0
Puerto Rico-  -  -  -  -  
Qatar13.519.312.31.2-  
Romania-3.7-2.1-1.4-0.8-3.0
Russia-0.1-0.5-0.4-2.4-3.5
Saudi Arabia13.66.4-2.3-14.8-12.4
Serbia-6.8-5.5-6.6-3.7-1.3
Singapore1.61.30.1-1.01.3
Slovakia-4.3-2.7-2.7-2.7-1.7
Slovenia-4.1-15.1-5.4-2.9-1.8
South Africa-4.5-4.1-3.7-3.6-3.3
Spain-10.5-7.0-6.0-5.1-4.5
Sri Lanka-5.6-5.4-5.7-7.6-5.4
Sweden-1.0-1.4-1.50.30.9
Switzerland0.0-0.2-0.20.2-  
Taiwan-1.5-0.8-0.80.1-1.4
Tajikistan1.50.30.30.8-  
Tanzania-4.1-3.9-3.0-3.3-3.8
Thailand-4.1-2.2-2.0-2.4-2.7
Trinidad and Tobago-1.3-2.9-2.6-4.2-5.0
Tunisia-5.5-6.8-4.9-4.9-  
Turkey-1.9-1.0-1.1-1.0-1.1
Turkmenistan7.51.50.9-0.7-1.3
USA-6.7-4.1-2.8-2.4-3.2
Uganda-3.1-4.1-4.8-4.5-3.8
Ukraine-3.8-4.4-4.9-2.3-3.0
United Arab Emirates10.910.45.0-2.1-  
United Kingdom-8.2-5.6-5.7-4.3-3.0
Uruguay-2.7-2.3-3.5-3.6-3.9
Uzbekistan0.40.30.20.10.1
Venezuela-4.9-1.9-12.9-  -  
Vietnam-3.4-6.6-6.3-5.0-5.5
Yemen-5.4-8.0-7.1-  -  
Zambia-2.8-6.2-5.8-9.5-  

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