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

20142015201620172018
Albania-5.2-4.1-1.8-2.0-  
Algeria-7.3-15.3-13.0-6.6-  
Angola-5.7-2.9-4.5-6.3-  
Argentina-2.4-3.9-5.9-5.9-  
Armenia-1.9-4.8-5.5-4.8-  
Australia-3.0-2.3-2.4-1.9-  
Austria-2.7-1.0-1.6-0.8-  
Azerbaijan-0.5-1.2-0.4-1.6-  
Bahrain-3.6-13.0-13.4-10.1-  
Bangladesh-3.1-4.0-3.4-3.3-  
Belarus1.01.81.32.8-  
Belgium-3.1-2.4-2.4-0.8-  
Belize-2.2-6.3-5.9-5.6-  
Bolivia-3.4-6.9-7.2-7.8-  
Bosnia and Herzegovina-2.00.71.22.6-  
Botswana3.7-4.60.7-1.0-  
Brazil-6.0-10.2-9.0-7.8-  
Brunei3.6-14.5-21.7-10.6-  
Bulgaria-5.5-1.70.11.2-  
Cambodia-1.6-1.3-1.4-1.1-  
Canada0.2-0.1-0.4-0.3-  
Chile-1.6-2.1-2.7-2.7-  
China-1.8-3.4-3.8-3.7-  
Colombia-2.4-3.0-4.0-3.6-  
Costa Rica-5.6-5.7-5.3-6.1-  
Croatia-5.1-3.2-1.00.8-  
Cyprus-9.0-1.30.31.8-  
Czech Republic-2.1-0.60.71.6-  
DR Congo-  -  -  -  -  
Denmark1.1-1.3-0.11.4-  
Dominican Republic-3.7-0.3-2.9-3.3-  
Ecuador-5.2-6.0-7.3-4.5-  
Egypt-11.5-11.0-12.0-10.4-  
El Salvador-3.8-3.3-3.0-2.3-  
Estonia0.70.1-0.3-0.4-  
Ethiopia-2.4-1.9-3.3-3.0-  
Eurozone-2.5-2.0-1.6-1.0-  
Finland-3.2-2.8-1.7-0.8-  
France-3.9-3.6-3.5-2.8-  
Georgia-3.2-3.7-4.0-3.9-  
Germany0.60.80.91.0-  
Ghana-7.4-5.3-6.9-5.0-  
Greece-3.6-5.60.50.7-  
Guatemala-1.9-1.4-1.1-1.3-  
Haiti-6.4-2.6-0.1-0.5-  
Honduras-4.4-3.0-2.7-2.7-  
Hong Kong3.20.64.55.6-  
Hungary-2.6-1.9-1.6-2.2-  
Iceland-0.1-0.812.40.5-  
Indonesia-2.2-2.6-2.5-2.6-  
Iran-1.1-1.6-1.9-1.8-  
Iraq-5.6-12.8-14.3-1.6-  
Ireland-3.6-1.9-0.7-0.3-  
Israel-2.7-2.1-2.1-1.9-  
Italy-3.0-2.6-2.5-2.4-  
Jamaica-0.5-0.3-0.20.5-  
Japan-5.6-3.8-3.7-3.2-  
Jordan-2.3-3.5-3.2-2.6-  
Kazakhstan-2.7-2.2-1.6-2.7-  
Kenya-5.8-8.1-7.7-8.8-  
Korea0.50.01.01.3-  
Kosovo-2.3-1.6-1.1-1.1-  
Kuwait7.6-13.4-13.9-9.0-  
Kyrgyzstan-0.5-1.4-4.4-3.2-  
Laos-3.9-2.3-4.6-5.6-  
Latvia-1.4-1.40.1-0.6-  
Lebanon-6.4-7.9-9.6-7.0-  
Lithuania-0.6-0.30.20.5-  
Luxembourg1.31.41.91.4-  
Malaysia-3.4-3.2-3.1-3.0-  
Malta-1.7-1.00.93.4-  
Mexico-3.1-3.4-2.5-1.1-  
Moldova-1.7-2.2-1.9-0.8-  
Mongolia-3.9-5.0-15.3-6.2-  
Montenegro-3.0-8.0-3.4-5.5-  
Morocco-4.7-4.2-4.3-3.5-  
Mozambique-10.7-7.2-6.3-3.4-  
Myanmar-1.3-2.8-3.5-2.6-  
Netherlands-2.3-2.10.41.2-  
New Zealand-1.20.20.71.5-  
Nicaragua-1.5-1.6-2.0-2.0-  
Nigeria-2.1-3.5-4.0-5.4-  
North Macedonia-4.2-3.5-2.7-2.7-  
Norway8.76.14.04.9-  
Oman-3.4-17.5-20.9-13.8-  
Pakistan-5.5-5.3-4.6-5.8-  
Panama-3.2-2.3-1.9-1.9-  
Paraguay-0.9-1.3-1.1-1.1-  
Peru-0.2-1.9-2.3-3.0-  
Philippines-0.6-0.9-2.4-2.2-  
Poland-3.7-2.7-2.2-1.5-  
Portugal-7.2-4.4-2.0-3.0-  
Puerto Rico-  -  -  -  -  
Qatar13.6-0.9-9.2-6.6-  
Romania-1.3-0.7-2.7-2.7-  
Russia-0.4-2.4-3.4-1.4-  
Saudi Arabia-3.5-15.8-12.9-9.2-  
Serbia-6.2-3.5-1.21.1-  
Singapore0.1-1.01.42.3-  
Slovakia-2.7-2.6-2.2-0.8-  
Slovenia-5.5-2.8-1.90.0-  
South Africa-4.3-4.1-3.8-4.4-  
Spain-6.0-5.3-4.5-3.1-  
Sri Lanka-6.2-7.0-5.4-5.5-  
Sweden-1.60.01.01.4-  
Switzerland-0.20.60.41.2-  
Taiwan-0.80.1-0.3-0.1-  
Tajikistan0.30.8-1.7-0.3-  
Tanzania-2.9-3.5-1.5-1.9-  
Thailand-2.9-2.9-2.7-3.5-  
Trinidad and Tobago-2.6-1.7-5.4-9.0-  
Tunisia-5.0-4.8-6.1-6.1-  
Turkey-1.1-1.0-1.1-1.5-  
Turkmenistan0.9-0.7-2.4-2.8-  
USA-2.8-2.4-3.7-3.4-  
Uganda-4.7-4.7-4.8-3.8-  
Ukraine-4.5-1.6-2.3-1.4-  
United Arab Emirates1.9-3.4-2.5-1.6-  
United Kingdom-5.3-4.2-2.9-1.9-  
Uruguay-3.5-3.6-3.8-3.5-  
Uzbekistan0.20.10.10.1-  
Venezuela-12.9-15.6-15.6-  -  
Vietnam-5.7-6.4-5.7-3.5-  
Yemen-4.1-8.7-8.4-4.8-  
Zambia-5.7-9.3-5.8-7.7-  

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