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. 

Looking for forecasts? FocusEconomics Consensus Forecasts cover approx. 30 macro-economic indicators per country for a 5-year forecast period and quarterly forecasts for the most important economic variables. Get Details.

Fiscal Balance Data

20132014201520162017
Albania-5.0-5.2-4.1-1.8-2.0
Algeria-0.4-7.3-15.3-13.0-6.6
Angola-0.3-5.7-2.9-4.5-6.3
Argentina-1.9-2.4-3.9-5.9-5.9
Armenia-1.6-1.9-4.8-5.5-4.8
Australia-1.2-3.0-2.3-2.4-1.9
Austria-2.0-2.7-1.0-1.6-0.8
Azerbaijan0.6-0.5-1.2-0.4-1.6
Bahrain-3.3-3.6-13.0-13.4-10.1
Bangladesh-3.4-3.1-4.0-3.4-3.3
Belarus0.21.01.81.32.8
Belgium-3.1-3.1-2.4-2.4-0.8
Belize-0.7-2.2-6.3-5.9-5.6
Bolivia0.6-3.4-6.9-7.2-7.8
Bosnia and Herzegovina-2.2-2.00.71.22.6
Botswana5.63.7-4.60.7-1.0
Brazil-3.0-6.0-10.2-9.0-7.8
Brunei13.03.6-14.5-21.7-10.6
Bulgaria-0.4-5.5-1.70.11.2
Cambodia-2.6-1.6-1.3-1.4-1.1
Canada-1.90.2-0.1-0.4-0.3
Chile-0.6-1.6-2.1-2.7-2.7
China-1.9-1.8-3.4-3.8-3.7
Colombia-2.3-2.4-3.0-4.0-3.6
Costa Rica-5.4-5.6-5.7-5.3-6.1
Croatia-5.3-5.1-3.2-1.00.8
Cyprus-5.1-9.0-1.30.31.8
Czech Republic-1.2-2.1-0.60.71.6
DR Congo-  -  -  -  -  
Denmark-1.21.1-1.3-0.11.4
Dominican Republic-4.0-3.7-0.3-2.9-3.3
Ecuador-4.6-5.2-6.0-7.3-4.5
Egypt-12.8-11.5-11.0-12.0-10.4
El Salvador-4.0-3.8-3.3-3.0-2.3
Estonia-0.20.70.1-0.3-0.4
Ethiopia-2.6-2.4-1.9-3.3-3.0
Eurozone-3.1-2.5-2.0-1.6-1.0
Finland-2.6-3.2-2.8-1.7-0.8
France-4.1-3.9-3.6-3.5-2.8
Georgia-2.7-3.2-3.7-4.0-3.9
Germany-0.10.60.80.91.0
Ghana-5.8-7.4-5.3-6.9-5.0
Greece-13.2-3.6-5.60.50.7
Guatemala-2.1-1.9-1.4-1.1-1.3
Haiti-7.2-6.4-2.6-0.1-0.5
Honduras-7.9-4.4-3.0-2.7-2.7
Hong Kong1.03.20.64.55.6
Hungary-2.6-2.6-1.9-1.6-2.2
Iceland-1.8-0.1-0.812.40.5
Indonesia-2.5-2.2-2.6-2.5-2.6
Iran-0.9-1.1-1.6-1.9-1.8
Iraq-6.1-5.6-12.8-14.3-1.6
Ireland-6.2-3.6-1.9-0.7-0.3
Israel-3.1-2.7-2.1-2.1-1.9
Italy-2.9-3.0-2.6-2.5-2.4
Jamaica0.1-0.5-0.3-0.20.5
Japan-7.9-5.6-3.8-3.7-3.2
Jordan-5.5-2.3-3.5-3.2-2.6
Kazakhstan-1.9-2.7-2.2-1.6-2.7
Kenya-9.3-5.8-8.1-7.7-8.8
Korea1.00.50.01.01.3
Kosovo-3.0-2.3-1.6-1.1-1.1
Kuwait26.17.6-13.4-13.9-9.0
Kyrgyzstan-0.7-0.5-1.4-4.4-3.2
Laos-4.8-3.9-2.3-4.6-5.6
Latvia-1.2-1.4-1.40.1-0.6
Lebanon-9.0-6.4-7.9-9.6-7.0
Lithuania-2.6-0.6-0.30.20.5
Luxembourg1.01.31.41.91.4
Malaysia-3.8-3.4-3.2-3.1-3.0
Malta-2.4-1.7-1.00.93.4
Mexico-2.3-3.1-3.4-2.5-1.1
Moldova-1.7-1.7-2.2-1.9-0.8
Mongolia-1.2-3.9-5.0-15.3-6.2
Montenegro-6.0-3.0-8.0-3.4-5.5
Morocco-5.1-4.7-4.2-4.3-3.5
Mozambique-2.7-10.7-7.2-6.3-3.4
Myanmar-1.7-1.3-2.8-3.5-2.6
Netherlands-2.4-2.3-2.10.41.2
New Zealand-2.0-1.20.20.71.5
Nicaragua-1.1-1.5-1.6-2.0-2.0
Nigeria-2.3-2.1-3.5-4.0-5.4
North Macedonia-3.8-4.2-3.5-2.7-2.7
Norway10.88.76.14.04.9
Oman-0.3-3.4-17.5-20.9-13.8
Pakistan-8.0-5.5-5.3-4.6-5.8
Panama-2.4-3.2-2.3-1.9-1.9
Paraguay-1.3-0.9-1.3-1.1-1.1
Peru0.9-0.2-1.9-2.3-3.0
Philippines-1.4-0.6-0.9-2.4-2.2
Poland-4.1-3.7-2.7-2.2-1.5
Portugal-4.8-7.2-4.4-2.0-3.0
Puerto Rico-  -  -  -  -  
Qatar16.013.6-0.9-9.2-6.6
Romania-2.2-1.3-0.7-2.7-2.7
Russia-0.4-0.4-2.4-3.4-1.4
Saudi Arabia5.6-3.5-15.8-12.9-9.2
Serbia-5.1-6.2-3.5-1.21.1
Singapore1.30.1-1.01.42.3
Slovakia-2.7-2.7-2.6-2.2-0.8
Slovenia-14.7-5.5-2.8-1.90.0
South Africa-4.4-4.3-4.1-3.8-4.4
Spain-7.0-6.0-5.3-4.5-3.1
Sri Lanka-5.2-6.2-7.0-5.4-5.5
Sweden-1.4-1.60.01.01.4
Switzerland-0.4-0.20.60.41.2
Taiwan-1.4-0.80.1-0.3-0.1
Tajikistan0.30.30.8-1.7-0.3
Tanzania-3.8-2.9-3.5-1.5-1.9
Thailand-1.9-2.9-2.9-2.7-3.5
Trinidad and Tobago-2.9-2.6-1.7-5.4-9.0
Tunisia-6.9-5.0-4.8-6.1-6.1
Turkey-1.0-1.1-1.0-1.1-1.5
Turkmenistan1.50.9-0.7-2.4-2.8
USA-4.1-2.8-2.4-3.7-3.4
Uganda-4.0-4.7-4.7-4.8-3.8
Ukraine-4.3-4.5-1.6-2.3-1.4
United Arab Emirates8.41.9-3.4-2.5-1.6
United Kingdom-5.3-5.3-4.2-2.9-1.9
Uruguay-2.3-3.5-3.6-3.8-3.5
Uzbekistan0.30.20.10.10.1
Venezuela-1.9-12.9-15.6-15.6-  
Vietnam-7.2-5.7-6.4-5.7-3.5
Yemen-6.9-4.1-8.7-8.4-4.8
Zambia-6.2-5.7-9.3-5.8-7.7

Download Sample Report

Download

Fiscal Balance Economic News

Sample Report

Get a sample report showing our regional, country and commodities data and analysis.

Download

Search form