| Current Rank | Country | Value | Latest Reading | Previous Rank | Previous Value |
|---|---|---|---|---|---|
| 1 ↑ | Norway | 9.08 | 2021 | 11 | -2.61 |
| 2 ↓ | Liechtenstein | 7.8 | 2020 | 1 | 3.8 |
| 3 ↑ | Angola | 2.7 | 2021 | 16 | -3.8 |
| 4 ↑ | Denmark | 2.3 | 2021 | 8 | -0.2 |
| 5 ↓ | Bulgaria | 2.1 | 2019 | 4 | 2 |
| 6 ↓ | Bosnia and Herzegovina | 1.92 | 2019 | 3 | 2.2 |
| 7 ↓ | Andorra | 1.1 | 2020 | 2 | 2.3 |
| 8 ↑ | Luxembourg | 0.9 | 2021 | 14 | -3.4 |
| 9 ↑ | Sweden | -0.2 | 2021 | 12 | -2.7 |
| 10 ↑ | Lithuania | -1 | 2021 | 30 | -7.3 |
| 11 ↑ | San Marino | -1.56 | 2018 | 13 | -3.38 |
| 12 ↑ | Cyprus | -1.7 | 2021 | 25 | -5.8 |
| 13 ↑ | Ireland | -1.9 | 2021 | 19 | -5.1 |
| 13 ↑ | Poland | -1.9 | 2021 | 29 | -6.9 |
| 15 ↑ | Estonia | -2.4 | 2021 | 22 | -5.6 |
| 16 ↓ | Netherlands | -2.5 | 2021 | 15 | -3.7 |
| 17 ↓ | Switzerland | -2.6 | 2020 | 5 | 1.4 |
| 17 ↑ | Finland | -2.6 | 2021 | 20 | -5.5 |
| 19 ↑ | Portugal | -2.8 | 2021 | 25 | -5.8 |
| 20 ↓ | Belarus | -2.87 | 2020 | 7 | 0.91 |
| 21 ↑ | Croatia | -2.9 | 2021 | 30 | -7.3 |
| 22 ↓ | Germany | -3.71 | 2021 | 17 | -4.31 |
| 23 | Montenegro | -3.8 | 2018 | 23 | -5.7 |
| 24 ↑ | Ukraine | -3.98 | 2021 | 27 | -5.96 |
| 25 ↓ | Faroe Islands | -4.05 | 2020 | 6 | 1.09 |
| 26 ↑ | Serbia | -4.1 | 2021 | 34 | -8 |
| 27 ↑ | Albania | -4.82 | 2021 | 28 | -6.82 |
| 28 ↓ | Moldova | -5.1 | 2020 | 10 | -1.4 |
| 29 ↓ | Armenia | -5.11 | 2020 | 9 | -0.8 |
| 30 ↑ | Slovenia | -5.2 | 2021 | 32 | -7.8 |
| 31 ↑ | Macedonia | -5.36 | 2021 | 36 | -8.21 |
| 32 ↑ | Belgium | -5.5 | 2021 | 39 | -9 |
| 33 ↓ | Czech Republic | -5.87 | 2021 | 24 | -5.78 |
| 34 | Austria | -5.9 | 2021 | 34 | -8 |
| 35 ↑ | Georgia | -6 | 2021 | 40 | -9.3 |
| 36 ↓ | Slovakia | -6.2 | 2021 | 20 | -5.5 |
| 37 ↑ | France | -6.5 | 2021 | 38 | -8.9 |
| 38 ↓ | Hungary | -6.8 | 2021 | 32 | -7.8 |
| 39 ↑ | United Kingdom | -6.83 | 2021 | 46 | -15.1 |
| 40 ↑ | Spain | -6.9 | 2021 | 45 | -10.3 |
| 41 ↓ | Romania | -7.1 | 2021 | 40 | -9.3 |
| 42 ↑ | Italy | -7.2 | 2021 | 43 | -9.6 |
| 43 ↓ | Latvia | -7.3 | 2021 | 18 | -4.5 |
| 44 | Greece | -7.4 | 2021 | 44 | -10.2 |
| 45 ↓ | Malta | -8 | 2021 | 42 | -9.5 |
| 46 ↓ | Iceland | -8.9 | 2021 | 37 | -8.7 |
The fiscal (budget) balance is the difference between government revenue and government expenditure. We express the value as percent of GDP to relate it to the size of the economy.
