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-0.9-8.0-16.9-13.5-  
Angola0.3-6.6-3.3-4.5-5.3
Argentina-1.9-2.4-3.9-5.9-6.0
Armenia-1.5-1.9-4.8-5.4-4.8
Australia-1.2-3.0-2.3-2.4-1.9
Austria-2.0-2.7-1.0-1.6-0.7
Azerbaijan0.6-0.5-1.2-0.4-1.6
Bahrain-3.3-3.6-13.0-13.6-11.0
Bangladesh-3.4-3.1-4.0-3.4-  
Belarus0.21.01.81.32.8
Belgium-3.1-3.1-2.5-2.5-1.0
Belize-1.6-2.4-7.4-3.8-4.1
Bolivia0.7-3.4-6.9-6.6-  
Bosnia and Herzegovina-2.2-2.00.71.2-  
Botswana5.63.7-4.6-1.10.4
Brazil-3.0-6.0-10.2-9.0-7.8
Brunei13.03.6-14.5-21.5-  
Bulgaria-0.4-5.5-1.60.20.9
Cambodia-2.1-1.1-1.6-1.7-3.6
Canada-0.90.00.4-0.9-0.8
Chile-0.6-1.6-2.1-2.7-2.8
China-1.9-1.8-3.4-3.8-3.7
Colombia-2.2-2.6-3.1-3.8-3.2
Costa Rica-5.4-5.6-5.7-5.3-6.2
Croatia-5.3-5.1-3.4-0.90.8
Cyprus-5.1-9.0-1.30.31.8
Czech Republic-1.2-2.1-0.60.71.6
DR Congo2.00.1-0.2-1.0-  
Denmark-1.21.1-1.5-0.41.0
Dominican Republic-3.3-2.70.0-2.8-3.0
Ecuador-9.9-9.6-6.2-7.4-5.4
Egypt-12.8-11.5-11.0-12.1-10.7
El Salvador-4.0-3.8-3.3-3.0-2.3
Estonia-0.20.70.1-0.3-0.3
Ethiopia-2.6-1.9-2.4-3.4-  
Eurozone-3.0-2.6-2.1-1.5-0.9
Finland-2.6-3.2-2.8-1.8-0.6
France-4.1-3.9-3.6-3.4-2.6
Georgia-1.1-2.0-1.1-1.4-0.9
Germany-0.10.50.81.01.3
Ghana-11.1-10.1-6.9-8.7-5.9
Greece-13.2-3.6-5.70.60.8
Guatemala-2.1-1.9-1.4-1.1-1.4
Haiti-7.2-6.4-2.5-0.1-1.0
Honduras-7.9-4.3-3.0-2.8-2.7
Hong Kong1.03.20.64.55.2
Hungary-2.6-2.6-1.9-1.7-2.0
Iceland-1.8-0.1-0.812.61.5
Indonesia-2.2-2.1-2.6-2.5-2.6
Iran-0.9-1.1-1.7-2.2-  
Iraq-5.8-5.4-12.3-13.9-  
Ireland-6.1-3.6-1.9-0.5-0.3
Israel-3.1-2.7-2.1-2.1-2.0
Italy-2.9-3.0-2.6-2.5-2.3
Jamaica0.1-0.5-0.3-0.20.1
Japan-7.7-5.7-4.3-5.0-  
Jordan-5.5-2.3-3.5-3.2-2.6
Kazakhstan-2.0-2.7-2.2-1.6-2.6
Kenya-6.8-7.0-9.6-8.0-9.5
Korea1.00.60.01.01.4
Kosovo-3.1-2.4-1.8-1.2-  
Kuwait22.219.9-10.9-  -  
Kyrgyzstan-0.8-0.5-1.6-4.4-3.5
Laos-5.0-4.1-2.4-4.7-  
Latvia-1.2-1.5-1.40.1-0.5
Lebanon-8.7-6.0-7.3-9.2-7.3
Lithuania-2.6-0.6-0.20.30.5
Luxembourg1.01.31.41.61.5
Macedonia-3.8-4.2-3.5-2.7-2.7
Malaysia-3.8-3.4-3.2-3.1-3.0
Malta-2.4-1.8-1.11.03.9
Mexico-2.3-3.1-3.4-2.5-1.1
Moldova-1.9-1.9-2.3-2.1-  
Mongolia-1.2-3.9-5.0-15.1-6.2
Montenegro-4.8-1.3-8.3-3.5-5.4
Morocco-5.1-4.7-4.2-4.0-3.6
Mozambique-2.7-10.7-7.2-6.2-  
Myanmar-1.3-0.9-4.4-2.5-3.5
Netherlands-2.4-2.3-2.10.41.1
New Zealand-2.0-1.10.30.91.6
Nicaragua-1.1-1.5-1.6-2.0-1.9
Nigeria-1.4-0.9-1.6-2.2-  
Norway10.88.76.14.04.4
Oman-0.3-1.2-19.0-26.0-11.7
Pakistan-8.2-5.5-5.3-4.6-5.8
Panama-2.4-3.2-2.3-1.9-1.7
Paraguay-1.7-1.1-1.7-1.5-1.5
Peru0.9-0.3-2.1-2.6-3.2
Philippines-1.4-0.6-0.9-2.4-2.2
Poland-4.1-3.6-2.6-2.3-1.7
Portugal-4.8-7.2-4.4-2.0-3.0
Puerto Rico-  -  -  -  -  
Qatar19.312.3-0.9-9.2-5.8
Romania-2.1-1.3-0.8-3.0-2.9
Russia-0.5-0.4-2.4-3.5-1.5
Saudi Arabia6.4-2.3-14.8-12.9-8.9
Serbia-5.5-6.6-3.7-1.31.2
Singapore1.30.1-1.01.42.1
Slovakia-2.7-2.7-2.7-2.2-1.0
Slovenia-14.7-5.5-2.9-1.90.0
South Africa-4.1-3.7-3.6-3.3-3.5
Spain-7.0-6.0-5.3-4.5-3.1
Sri Lanka-5.2-6.2-7.0-5.4-5.5
Sweden-1.4-1.60.21.21.3
Switzerland-0.4-0.20.60.41.2
Taiwan-1.4-0.80.1-0.3-1.4
Tajikistan0.30.30.8-1.7-0.3
Tanzania-3.9-3.0-3.3-2.2-  
Thailand-1.9-2.9-2.9-2.8-3.5
Trinidad and Tobago-2.9-2.6-1.7-5.3-8.5
Tunisia-6.9-5.0-4.8-6.1-6.1
Turkey-1.0-1.1-1.0-1.1-1.5
Turkmenistan1.50.9-0.7-2.3-  
USA-4.1-2.8-2.4-3.1-3.4
Uganda-4.1-4.7-4.6-3.8-4.8
Ukraine-4.3-4.5-1.6-2.3-1.4
United Arab Emirates8.41.9-3.4-2.5-1.8
United Kingdom-5.4-5.4-4.3-3.0-1.9
Uruguay-2.3-3.5-3.6-3.9-3.5
Uzbekistan0.30.20.10.10.1
Venezuela-1.9-12.9-15.6-  -  
Vietnam-6.6-6.3-6.3-5.6-  
Yemen-6.9-7.1-12.0-  -  
Zambia-6.2-5.7-9.3-5.8-  

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