Fiscal Balance
Global Ranking
percent of GDPSource: IMF
| Current Rank | Country | Value | Latest Reading | Previous Rank | Previous Value |
|---|---|---|---|---|---|
| 1 ↑ | Micronesia | 24.23 | 2018 | 3 | 14.24 |
| 2 ↑ | Libya | 13.8 | 2021 | 191 | -54.5 |
| 3 ↑ | Norway | 9.08 | 2021 | 50 | -2.61 |
| 4 ↑ | Liechtenstein | 7.8 | 2020 | 7 | 3.8 |
| 5 ↓ | Vanuatu | 6.75 | 2019 | 4 | 7.58 |
| 6 ↑ | Cambodia | 5.33 | 2019 | 22 | 0.58 |
| 7 ↑ | Azerbaijan | 4.33 | 2021 | 124 | -6.52 |
| 8 ↑ | Vietnam | 4 | 2020 | 9 | 3.4 |
| 9 ↑ | Tonga | 2.7 | 2019 | 10 | 3.25 |
| 9 ↑ | Angola | 2.7 | 2021 | 70 | -3.8 |
| 11 ↑ | Denmark | 2.3 | 2021 | 31 | -0.2 |
| 12 ↑ | Bulgaria | 2.1 | 2019 | 17 | 2 |
| 13 ↑ | Iraq | 2.07 | 2021 | 114 | -5.86 |
| 14 | Bosnia and Herzegovina | 1.92 | 2019 | 14 | 2.2 |
| 15 ↓ | Samoa | 1.7 | 2021 | 5 | 5.7 |
| 16 ↑ | Macao | 1.56 | 2021 | 18 | 1.66 |
| 17 ↑ | Republic of the Congo | 1.4 | 2021 | 37 | -1.7 |
| 18 ↓ | Grenada | 1.21 | 2020 | 6 | 4.97 |
| 19 ↓ | Andorra | 1.1 | 2020 | 12 | 2.3 |
| 20 ↑ | Sao Tome and Principe | 0.9 | 2021 | 85 | -4.9 |
| 20 ↑ | Luxembourg | 0.9 | 2021 | 64 | -3.4 |
| 22 ↑ | Russia | 0.72 | 2021 | 73 | -4 |
| 23 ↑ | Hong Kong | 0.7 | 2021 | 157 | -8.7 |
| 24 ↑ | Jamaica | 0.27 | 2021 | 57 | -3.06 |
| 25 ↑ | Qatar | 0.24 | 2021 | 44 | -2.11 |
| 26 ↑ | Seychelles | 0.2 | 2019 | 28 | 0.3 |
| 27 ↑ | Turkmenistan | -0.14 | 2019 | 32 | -0.22 |
| 28 ↑ | Singapore | -0.19 | 2021 | 114 | -5.86 |
| 29 ↑ | Sweden | -0.2 | 2021 | 51 | -2.7 |
| 30 ↓ | Democratic Republic of the Congo | -0.4 | 2019 | 25 | 0.4 |
| 30 ↓ | Mauritania | -0.4 | 2021 | 12 | 2.3 |
| 32 ↓ | Equatorial Guinea | -1 | 2021 | 15 | 2.1 |
| 32 ↓ | Taiwan | -1 | 2020 | 29 | 0.1 |
| 32 ↑ | Lithuania | -1 | 2021 | 138 | -7.3 |
| 35 ↓ | Chad | -1.1 | 2021 | 15 | 2.1 |
| 35 ↓ | Somalia | -1.1 | 2021 | 25 | 0.4 |
| 37 ↑ | Guatemala | -1.19 | 2021 | 87 | -4.92 |
| 38 ↑ | Kyrgyzstan | -1.26 | 2021 | 59 | -3.26 |
| 38 ↑ | Laos | -1.26 | 2021 | 94 | -5.21 |
| 40 ↑ | New Zealand | -1.34 | 2021 | 137 | -7.27 |
| 41 ↓ | Uzbekistan | -1.5 | 2019 | 23 | 0.54 |
| 41 ↑ | South Korea | -1.5 | 2021 | 68 | -3.7 |
| 43 ↑ | Ecuador | -1.55 | 2021 | 134 | -7.15 |
| 44 ↑ | San Marino | -1.56 | 2018 | 63 | -3.38 |
| 45 ↑ | Cyprus | -1.7 | 2021 | 111 | -5.8 |
| 46 ↓ | Djibouti | -1.8 | 2021 | 42 | -2.1 |
| 47 ↓ | Puerto Rico | -1.87 | 2020 | 30 | -0.04 |
| 48 ↑ | Poland | -1.9 | 2021 | 126 | -6.9 |
| 48 ↑ | Ireland | -1.9 | 2021 | 91 | -5.1 |
| 48 ↑ | Belize | -1.9 | 2021 | 181 | -11.3 |
| 51 ↑ | Indonesia | -1.98 | 2021 | 120 | -6.14 |
| 52 ↓ | Nicaragua | -2.12 | 2020 | 33 | -0.3 |
| 53 ↓ | Japan | -2.2 | 2018 | 51 | -2.7 |
| 54 ↑ | Guinea | -2.3 | 2021 | 56 | -2.9 |
| 54 ↓ | Tanzania | -2.3 | 2020 | 41 | -2 |
| 56 ↑ | Nepal | -2.37 | 2021 | 62 | -3.37 |
| 57 ↑ | Estonia | -2.4 | 2021 | 105 | -5.6 |
| 58 ↓ | Solomon Islands | -2.45 | 2020 | 36 | -1.53 |
| 59 ↑ | Netherlands | -2.5 | 2021 | 68 | -3.7 |
| 60 ↓ | Haiti | -2.53 | 2021 | 47 | -2.4 |
| 61 ↑ | Peru | -2.54 | 2021 | 160 | -8.86 |
| 62 ↑ | Finland | -2.6 | 2021 | 100 | -5.5 |
| 62 ↓ | Switzerland | -2.6 | 2020 | 19 | 1.4 |
| 64 ↑ | Dominican Republic | -2.73 | 2021 | 142 | -7.59 |
| 65 ↓ | Ethiopia | -2.8 | 2021 | 49 | -2.5 |
| 65 ↑ | Portugal | -2.8 | 2021 | 111 | -5.8 |
| 67 ↓ | Belarus | -2.87 | 2020 | 21 | 0.91 |
| 68 ↓ | Mexico | -2.9 | 2021 | 54 | -2.8 |
| 68 ↑ | Croatia | -2.9 | 2021 | 138 | -7.3 |
| 68 ↓ | Comoros | -2.9 | 2021 | 45 | -2.2 |
| 68 ↓ | Zimbabwe | -2.9 | 2020 | 51 | -2.7 |
| 72 ↑ | Argentina | -2.98 | 2020 | 78 | -4.33 |
| 73 ↓ | Ivory Coast | -3.04 | 2019 | 71 | -3.95 |
| 74 ↑ | Lebanon | -3.23 | 2020 | 177 | -10.3 |
| 75 ↓ | Liberia | -3.3 | 2021 | 67 | -3.6 |
| 76 ↓ | Gabon | -3.4 | 2021 | 42 | -2.1 |
| 77 ↑ | Fiji | -3.5 | 2019 | 79 | -4.4 |
| 78 ↓ | Germany | -3.71 | 2021 | 77 | -4.31 |
| 79 ↑ | Montenegro | -3.8 | 2018 | 108 | -5.7 |
| 79 ↓ | Tajikistan | -3.8 | 2019 | 54 | -2.8 |
| 81 ↑ | Ukraine | -3.98 | 2021 | 117 | -5.96 |
| 82 ↑ | Uruguay | -3.99 | 2021 | 113 | -5.84 |
| 83 ↓ | Eritrea | -4 | 2021 | 79 | -4.4 |
| 83 ↓ | Gambia | -4 | 2021 | 45 | -2.2 |
| 85 ↓ | Faroe Islands | -4.05 | 2020 | 20 | 1.09 |
| 86 ↓ | Cameroon | -4.1 | 2021 | 65 | -3.5 |
| 86 ↑ | Serbia | -4.1 | 2021 | 150 | -8 |
| 86 ↑ | Kazakhstan | -4.1 | 2021 | 132 | -7.04 |
| 89 ↑ | Brazil | -4.42 | 2021 | 183 | -13.6 |
| 90 ↓ | Afghanistan | -4.43 | 2020 | 39 | -1.71 |
| 91 ↑ | Saudi Arabia | -4.46 | 2019 | 116 | -5.89 |
| 92 ↑ | Burundi | -4.5 | 2021 | 145 | -7.8 |
| 92 ↑ | Sudan | -4.5 | 2021 | 105 | -5.6 |
| 94 ↓ | Venezuela | -4.51 | 2021 | 90 | -5.05 |
| 95 ↑ | Turkey | -4.7 | 2021 | 118 | -6.1 |
| 95 ↓ | Barbados | -4.7 | 2020 | 8 | 3.6 |
| 97 | Nigeria | -4.8 | 2021 | 97 | -5.4 |
| 98 ↓ | Saint Vincent and the Grenadines | -4.82 | 2021 | 95 | -5.29 |
| 98 ↑ | Albania | -4.82 | 2021 | 125 | -6.82 |
| 100 ↑ | Algeria | -4.9 | 2021 | 172 | -9.7 |
| 101 ↓ | Burkina Faso | -4.92 | 2021 | 93 | -5.16 |
| 102 ↓ | Moldova | -5.1 | 2020 | 35 | -1.4 |
| 103 ↓ | Armenia | -5.11 | 2020 | 34 | -0.8 |
| 104 ↓ | United Arab Emirates | -5.19 | 2020 | 24 | 0.44 |
| 105 ↑ | Slovenia | -5.2 | 2021 | 145 | -7.8 |
| 105 ↓ | Bangladesh | -5.2 | 2021 | 84 | -4.8 |
| 107 ↓ | Yemen | -5.23 | 2020 | 103 | -5.57 |
| 108 | Malawi | -5.3 | 2021 | 108 | -5.7 |
| 109 ↑ | Macedonia | -5.36 | 2021 | 156 | -8.21 |
| 110 ↑ | Swaziland | -5.38 | 2020 | 128 | -6.95 |
| 111 ↓ | Madagascar | -5.4 | 2021 | 73 | -4 |
| 112 ↑ | Belgium | -5.5 | 2021 | 163 | -9 |
| 112 ↓ | Rwanda | -5.5 | 2019 | 76 | -4.3 |
| 112 ↑ | Israel | -5.5 | 2021 | 182 | -11.48 |
| 112 ↓ | Lesotho | -5.5 | 2019 | 91 | -5.1 |
| 116 ↑ | Honduras | -5.51 | 2021 | 143 | -7.6 |
| 117 ↑ | Guinea-Bissau | -5.6 | 2021 | 174 | -9.8 |
| 118 ↓ | Burma (Myanmar) | -5.65 | 2020 | 89 | -5.01 |
| 119 ↓ | Mali | -5.68 | 2021 | 100 | -5.5 |
| 120 ↓ | Central African Republic | -5.7 | 2021 | 65 | -3.5 |
| 120 ↓ | Paraguay | -5.7 | 2020 | 47 | -2.4 |
| 122 ↓ | Iran | -5.72 | 2020 | 81 | -4.5 |
| 123 ↓ | Czech Republic | -5.87 | 2021 | 110 | -5.78 |
| 124 ↑ | Austria | -5.9 | 2021 | 150 | -8 |
| 124 ↑ | Morocco | -5.9 | 2021 | 133 | -7.1 |
| 126 ↑ | Togo | -6 | 2021 | 129 | -7 |
| 126 ↑ | Georgia | -6 | 2021 | 167 | -9.3 |
| 126 ↑ | Mozambique | -6 | 2021 | 129 | -7 |
| 129 ↓ | Benin | -6.1 | 2021 | 83 | -4.7 |
| 130 ↓ | China | -6.17 | 2020 | 86 | -4.91 |
| 131 ↑ | Botswana | -6.2 | 2021 | 157 | -8.7 |
| 131 ↓ | Slovakia | -6.2 | 2021 | 100 | -5.5 |
| 133 ↓ | Bhutan | -6.3 | 2021 | 40 | -1.9 |
| 133 ↓ | South Africa | -6.3 | 2019 | 73 | -4 |
| 133 ↓ | Senegal | -6.3 | 2021 | 123 | -6.4 |
| 136 ↓ | Antigua and Barbuda | -6.36 | 2020 | 72 | -3.98 |
| 137 ↓ | Malaysia | -6.4 | 2021 | 121 | -6.2 |
| 138 ↑ | France | -6.5 | 2021 | 161 | -8.9 |
| 139 ↓ | Niger | -6.6 | 2021 | 96 | -5.34 |
| 140 ↑ | Panama | -6.66 | 2021 | 176 | -10.23 |
| 141 ↓ | Australia | -6.7 | 2021 | 97 | -5.4 |
| 142 ↑ | Hungary | -6.8 | 2021 | 145 | -7.8 |
| 143 ↑ | United Kingdom | -6.83 | 2021 | 185 | -15.1 |
| 144 ↑ | Spain | -6.9 | 2021 | 177 | -10.3 |
| 145 ↓ | Jordan | -7 | 2020 | 60 | -3.3 |
| 146 ↑ | Romania | -7.1 | 2021 | 167 | -9.3 |
| 146 ↑ | Pakistan | -7.1 | 2021 | 154 | -8.1 |
| 146 ↓ | Sierra Leone | -7.1 | 2021 | 105 | -5.6 |
| 149 ↓ | Colombia | -7.15 | 2021 | 136 | -7.23 |
| 150 ↑ | Italy | -7.2 | 2021 | 171 | -9.6 |
| 151 ↓ | Latvia | -7.3 | 2021 | 81 | -4.5 |
| 152 ↓ | Guyana | -7.39 | 2021 | 149 | -7.94 |
| 153 ↑ | Greece | -7.4 | 2021 | 175 | -10.2 |
| 153 ↓ | Egypt | -7.4 | 2021 | 150 | -8 |
| 155 ↑ | Uganda | -7.5 | 2021 | 169 | -9.5 |
| 156 ↓ | Chile | -7.52 | 2021 | 134 | -7.15 |
| 156 ↓ | Costa Rica | -7.52 | 2020 | 99 | -5.44 |
| 158 ↑ | Tunisia | -7.71 | 2021 | 173 | -9.71 |
| 159 ↓ | Namibia | -7.8 | 2021 | 154 | -8.1 |
| 160 ↓ | Kenya | -7.9 | 2021 | 150 | -8 |
| 160 ↑ | Suriname | -7.9 | 2018 | 166 | -9.2 |
| 162 ↑ | Malta | -8 | 2021 | 169 | -9.5 |
| 163 ↓ | Kiribati | -8.02 | 2019 | 2 | 27.25 |
| 164 ↓ | Papua New Guinea | -8.12 | 2020 | 88 | -4.96 |
| 165 ↓ | El Salvador | -8.19 | 2020 | 58 | -3.07 |
| 166 ↑ | Aruba | -8.5 | 2021 | 189 | -18.2 |
| 167 ↓ | Cape Verde | -8.6 | 2021 | 163 | -9 |
| 167 ↓ | Philippines | -8.6 | 2021 | 143 | -7.6 |
| 169 ↓ | Iceland | -8.9 | 2021 | 157 | -8.7 |
| 170 ↓ | Dominica | -8.97 | 2021 | 141 | -7.32 |
| 171 ↑ | Mauritius | -9 | 2021 | 188 | -15.7 |
| 171 ↑ | Zambia | -9 | 2021 | 184 | -14.2 |
| 173 ↓ | Thailand | -9.1 | 2021 | 118 | -6.1 |
| 174 ↑ | Trinidad and Tobago | -9.2 | 2021 | 180 | -11.2 |
| 175 ↓ | Tuvalu | -9.82 | 2019 | 1 | 34.25 |
| 176 ↓ | Saint Lucia | -10.78 | 2020 | 61 | -3.34 |
| 177 ↑ | United States | -10.92 | 2021 | 187 | -15.68 |
| 178 ↓ | Palau | -10.93 | 2020 | 27 | 0.35 |
| 179 ↑ | Ghana | -12.1 | 2021 | 186 | -15.2 |
| 180 ↓ | Sri Lanka | -12.2 | 2021 | 179 | -11.1 |
| 181 ↓ | Kuwait | -12.76 | 2020 | 11 | 3.07 |
| 182 ↓ | Bolivia | -13.09 | 2020 | 127 | -6.91 |
| 183 ↓ | India | -13.5 | 2020 | 129 | -7 |
| 184 ↓ | Bahamas | -13.6 | 2021 | 138 | -7.3 |
| 185 ↓ | Canada | -14.9 | 2021 | 37 | -1.7 |
| 186 ↓ | Oman | -16 | 2020 | 148 | -7.9 |
| 187 ↑ | Maldives | -16.65 | 2021 | 190 | -23.51 |
| 188 ↓ | Cuba | -17.68 | 2020 | 122 | -6.22 |
| 189 ↓ | Bahrain | -17.86 | 2020 | 162 | -8.96 |
| 190 ↓ | Brunei | -19.26 | 2020 | 104 | -5.59 |
| 191 ↓ | Mongolia | -20.44 | 2020 | 163 | -9 |
Definition of Fiscal Balance
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.
