This entry records the difference between national government revenues and expenditures, expressed as a percent of GDP. A positive (+) number indicates that revenues exceeded expenditures (a budget surplus), while a negative (-) number indicates the reverse (a budget deficit). Normalizing the data, by dividing the budget balance by GDP, enables easy comparisons across countries and indicates whether a national government saves or borrows money. Countries with high budget deficits (relative to their GDPs) generally have more difficulty raising funds to finance expenditures, than those with lower deficits.
Country | BUDGET SURPLUS (+) OR DEFICIT (-)(% OF GDP) |
---|---|
Afghanistan |
-0.6% of GDP (2013 est.) |
Albania |
-6.3% of GDP (2014 est.) |
Algeria |
-4.2% of GDP (2014 est.) |
American Samoa |
-0.3% of GDP (2013 est.) |
Andorra |
-0.3% of GDP (2012) |
Angola |
-4.7% of GDP (2014 est.) |
Anguilla |
-0.5% of GDP (2014 est.) |
Antigua and Barbuda |
2.7% of GDP (2014 est.) |
Argentina |
-2.5% of GDP (2014 est.) |
Armenia |
-1.7% of GDP (2014 est.) |
Aruba |
-7.4% of GDP (2014 est.) |
Australia |
-1.9% of GDP (2014 est.) |
Austria |
-2.4% of GDP (2014 est.) |
Azerbaijan |
-1.3% of GDP (2014 est.) |
Bahamas, The |
-4.6% of GDP (2014 est.) |
Bahrain |
-3.2% of GDP (2013 est.) |
Bangladesh |
-3.3% of GDP (2014 est.) |
Barbados |
-9.4% of GDP (2014 est.) |
Belarus |
-0.2% of GDP (2014 est.) |
Belgium |
-2.5% of GDP (2014 est.) |
Belize |
-3% of GDP (2014 est.) |
Benin |
-2% of GDP (2014 est.) |
Bermuda |
-5.1% of GDP (FY14/15 est.) |
Bhutan |
-9.9% of GDP (2014 est.) |
Bolivia |
-0.5% of GDP (2014 est.) |
Bosnia and Herzegovina |
-3.5% of GDP (2014 est.) |
Botswana |
1.7% of GDP (2014 est.) |
Brazil |
1.2% of GDP (2014 est.) |
British Virgin Islands |
0% of GDP (2014 est.) |
Brunei |
14.3% of GDP (2014 est.) |
Bulgaria |
-3% of GDP (2014 est.) |
Burkina Faso |
-3.7% of GDP (2014 est.) |
Burma |
-2.9% of GDP (2014 est.) |
Burundi |
-2.8% of GDP (2014 est.) |
Cabo Verde |
-7.1% of GDP (2014 est.) |
Cambodia |
-4.2% of GDP (2014 est.) |
Cameroon |
-4.4% of GDP (2014 est.) |
Canada |
-2.3% of GDP (2014 est.) |
Cayman Islands |
1.1% of GDP (2014 est.) |
Central African Republic |
-2.8% of GDP (2014 est.) |
Chad |
-5.2% of GDP (2014 est.) |
Chile |
-2.1% of GDP (2014 est.) |
China |
-1.8% of GDP (2014 est.) |
Colombia |
-1.5% of GDP (2014 est.) |
Comoros |
-1.1% of GDP (2014 est.) |
Congo, Democratic Republic of the |
-0.3% of GDP (2014 est.) |
Congo, Republic of the |
3.7% of GDP (2014 est.) |
Cook Islands |
1% of GDP (FY05/06 est.) |
Costa Rica |
-5.5% of GDP (2014 est.) |
Cote d'Ivoire |
-2.8% of GDP (2014 est.) |
Croatia |
-4.3% of GDP (2014 est.) |
Cuba |
-0.1% of GDP (2013 est.) |
Curacao |
-0.4% of GDP (2012 est.) |
Cyprus |
-5% of GDP (2014 est.) |
Czech Republic |
-1.7% of GDP (2014 est.) |
Denmark |
-1.4% of GDP (2014 est.) |
Djibouti |
-5.3% of GDP (2014 est.) |
Dominica |
-7.2% of GDP (2013 est.) |
Dominican Republic |
-2.6% of GDP (2014 est.) |
Ecuador |
-5.2% of GDP (2014 est.) |
Egypt |
-11.8% of GDP (2014 est.) |
El Salvador |
-3.5% of GDP (2014 est.) |
Equatorial Guinea |
-6.9% of GDP (2014 est.) |
Eritrea |
-12.8% of GDP (2014 est.) |
Estonia |
-0.2% of GDP (2014 est.) |
Ethiopia |
-2.9% of GDP (2014 est.) |
Falkland Islands (Islas Malvinas) |
-5% of GDP (FY09/10) |
Faroe Islands |
-11.9% of GDP (2010 est.) |
Fiji |
-1.9% of GDP (2014 est.) |
Finland |
-3.5% of GDP (2014 est.) |
France |
-4.3% of GDP (2014 est.) |
French Polynesia |
0.8% of GDP (2012) |
Gabon |
-1% of GDP (2014 est.) |
Gambia, The |
-7.1% of GDP (2014 est.) |
Georgia |
-2.8% of GDP (2014 est.) |
Germany |
0.4% of GDP (2014 est.) |
Ghana |
-9.6% of GDP (2014 est.) |
Gibraltar |
1.3% of GDP (2008 est.) |
Greece |
-3.4% of GDP (2014 est.) |
Greenland |
1.9% of GDP (2010) |
Grenada |
-4.1% of GDP (2012 est.) |
Guam |
-0.9% of GDP (2013 est.) |
Guatemala |
-2.3% of GDP (2014 est.) |
Guernsey |
1.2% of GDP (2005) |
Guinea-Bissau |
-3.4% of GDP (2014 est.) |
Guinea |
-4.3% of GDP (2014 est.) |
Guyana |
-4.5% of GDP (2014 est.) |
Haiti |
-6.6% of GDP (2014 est.) |
Holy See (Vatican City) |
NA% |
Honduras |
-5.1% of GDP (2014 est.) |
Hong Kong |
0.7% of GDP (2014 est.) |
Hungary |
-3% of GDP note: Hungary has been under the EU Excessive Deficit Procedure since it joined the EU in 2004; in March 2012 the EU elevated its Excessive Deficit Procedure against Hungary and proposed freezing 30% of the country's Cohesion Funds because 2011 deficit reductions were not achieved in a sustainable manner; in June 2012, the EU lifted the freeze, recognizing that steps had been taken to reduce the deficit; the latest EC forecasts project the Hungarian deficit to increase above 3% both in 2013 and in 2014 due to sluggish growth and the government's fiscal tightening (2014 est.) |
Iceland |
0.1% of GDP (2014 est.) |
India |
-5% of GDP (2014 est.) |
Indonesia |
-2.4% of GDP (2014 est.) |
Iran |
-0.7% of GDP (2014 est.) |
Iraq |
2.9% of GDP (2014 est.) |
Ireland |
-4.6% of GDP (2014 est.) |
Isle of Man |
0.5% of GDP (FY05/06 est.) |
Israel |
-2.7% of GDP (2014 est.) |
Italy |
-3% of GDP (2014 est.) |
Jamaica |
-0.9% of GDP (2014 est.) |
Japan |
-6.9% of GDP (2014 est.) |
Jersey |
-0.4% of GDP (2005) |
Jordan |
-4.3% of GDP (2014 est.) |
Kazakhstan |
-1.6% of GDP (2014 est.) |
Kenya |
-5.2% of GDP (2014 est.) |
Kiribati |
11% of GDP (2013 est.) |
Korea, North |
-0.4% of GDP (2007 est.) |
Korea, South |
0.9% of GDP (2014 est.) |
Kosovo |
-3.6% of GDP (2014 est.) |
Kuwait |
25.4% of GDP (2014 est.) |
Kyrgyzstan |
-2.3% of GDP (2014 est.) |
Laos |
-4.7% of GDP (2014 est.) |
Latvia |
0% of GDP (2014 est.) |
Lebanon |
-9.8% of GDP (2014 est.) |
Lesotho |
-1.9% of GDP (2014 est.) |
Liberia |
-4.4% of GDP (2014 est.) |
Libya |
-14.1% of GDP (2014 est.) |
Liechtenstein |
2.1% of GDP (2012 est.) |
Lithuania |
-1.9% of GDP (2014 est.) |
Luxembourg |
0.2% of GDP (2014 est.) |
Macau |
35.5% of GDP (2014 est.) |
Macedonia |
-4% of GDP (2014 est.) |
Madagascar |
-3.3% of GDP (2014 est.) |
Malawi |
-7% of GDP (2014 est.) |
Malaysia |
-3.4% of GDP (2014 est.) |
Maldives |
-4.7% of GDP (2013 est.) |
Mali |
-4.7% of GDP (2014 est.) |
Malta |
-1.9% of GDP (2015 est.) |
Marshall Islands |
1.5% of GDP (2013 est.) |
Mauritania |
-1.1% of GDP (2014 est.) |
Mauritius |
-3.7% of GDP (2014 est.) |
Mexico |
-3.7% of GDP (2014 est.) |
Micronesia, Federated States of |
6.3% of GDP (2013 est.) |
Moldova |
-2.9% of GDP (2014 est.) |
Monaco |
-1.1% of GDP (2011 est.) |
Mongolia |
-1.8% of GDP (2014 est.) |
Montenegro |
-1.5% of GDP (2014 est.) |
Morocco |
-5% of GDP (2014 est.) |
Mozambique |
-9.9% of GDP (2014 est.) |
Namibia |
-4.9% of GDP (2014 est.) |
Nepal |
1.3% of GDP (2014 est.) |
Netherlands |
-2.7% of GDP (2014 est.) |
New Caledonia |
NA% of GDP |
New Zealand |
-0.9% of GDP (2014 est.) |
Nicaragua |
-1.9% of GDP (2014 est.) |
Nigeria |
-2% of GDP (2014 est.) |
Niger |
-12.6% of GDP (2014 est.) |
Niue |
-12.6% of GDP (FY04/05) |
Northern Mariana Islands |
-0.5% of GDP (2013 est.) |
Norway |
12.5% of GDP (2014 est.) |
Oman |
3% of GDP (2014 est.) |
Pakistan |
-5.9% of GDP (FY2014 est.) |
Palau |
4% of GDP (2012 est.) |
Panama |
-4.1% of GDP (2014 est.) |
Papua New Guinea |
-7% of GDP (2014 est.) |
Paraguay |
-1.4% of GDP (2014 est.) |
Peru |
-0.1% of GDP (2014 est.) |
Philippines |
-0.6% of GDP (2014 est.) |
Poland |
-1.5% of GDP (2014 est.) |
Portugal |
-4.8% of GDP (2014 est.) |
Puerto Rico |
-0.2% of GDP (2014 est.) |
Qatar |
11.2% of GDP (2014 est.) |
Romania |
-1.9% of GDP (2014 est.) |
Russia |
0.4% of GDP (2014 est.) |
Rwanda |
-3.7% of GDP (2014 est.) |
Saint Kitts and Nevis |
4.6% of GDP (2014 est.) |
Saint Lucia |
-2.8% of GDP (2011 est.) |
Saint Pierre and Miquelon |
4.6% of GDP (1996) |
Saint Vincent and the Grenadines |
0% of GDP (2014 est.) |
Samoa |
-5.2% of GDP (2014 est.) |
San Marino |
-2.9% of GDP (2011 est.) |
Sao Tome and Principe |
-10.2% of GDP (2014 est.) |
Saudi Arabia |
-1.9% of GDP (2014 est.) |
Senegal |
-5.2% of GDP (2014 est.) |
Serbia |
-6.9% of GDP (2014 est.) |
Seychelles |
1.6% of GDP (2014 est.) |
Sierra Leone |
-3.3% of GDP (2014 est.) |
Singapore |
-0.9% of GDP (2015 est.) |
Slovakia |
-2.9% of GDP (2014 est.) |
Slovenia |
-4% of GDP (2014 est.) |
Solomon Islands |
0% of GDP (2014 est.) |
South Africa |
-4.4% of GDP (2014 est.) |
South Sudan |
-15.3% of GDP (FY 2013 est.) |
Spain |
-5.6% of GDP (2014 est.) |
Sri Lanka |
-5.8% of GDP (2014 est.) |
Sudan |
-2.6% of GDP (2014 est.) |
Suriname |
-4.3% of GDP (2014 est.) |
Svalbard |
NA% of GDP |
Swaziland |
-1.5% of GDP (2014 est.) |
Sweden |
-2.2% of GDP (2014 est.) |
Switzerland |
0.3% of GDP (2014 est.) |
Syria |
-5.8% of GDP (2014 est.) |
Taiwan |
-1.2% of GDP (2014 est.) |
Tajikistan |
-0.4% of GDP (2014 est.) |
Tanzania |
-6% of GDP (2014 est.) |
Thailand |
-2.2% of GDP (2014 est.) |
Timor-Leste |
-31% of GDP (2014 est.) |
Togo |
-4.9% of GDP (2014 est.) |
Tonga |
-0.5% of GDP (FY13/14 est.) |
Trinidad and Tobago |
-2.6% of GDP (2014 est.) |
Tunisia |
-6.4% of GDP (2014 est.) |
Turkey |
-2.4% of GDP (2014 est.) |
Turkmenistan |
0.8% of GDP (2014 est.) |
Tuvalu |
26.2% of GDP (2013 est.) |
Uganda |
-3.8% of GDP (2014 est.) |
Ukraine |
-5% of GDP (2014 est.) |
United Arab Emirates |
5.9% of GDP (2014 est.) |
United Kingdom |
-6% of GDP (2014 est.) |
United States |
-2.8% of GDP (2014 est.) |
Uruguay |
-3.4% of GDP (2014 est.) |
Uzbekistan |
-1% of GDP (2014 est.) |
Vanuatu |
-1.9% of GDP (2014 est.) |
Venezuela |
-29.4% of GDP (2014 est.) |
Vietnam |
-4.6% of GDP (2014 est.) |
Virgin Islands |
NA% |
Wallis and Futuna |
NA% |
West Bank |
-23.1% of GDP (2014 est.) |
Western Sahara |
NA% |
World |
-2.5% of GDP (2014 est.) |
Yemen |
-9% of GDP (2014 est.) |
Zambia |
-5.9% of GDP (2014 est.) |
Zimbabwe |
-6.4% of GDP (2014) |