Fiscal Balance

Oceania Ranking

percent of GDPSource: IMF
Current Rank
Country
Value
Latest Reading
Previous Rank
Previous Value
1Micronesia24.232018314.24
2Vanuatu6.75201947.58
3Tonga2.7201963.25
4Samoa1.7202155.7
5New Zealand-1.34202112-7.27
6Solomon Islands-2.4520208-1.53
7Fiji-3.520199-4.4
8Australia-6.7202111-5.4
9Kiribati-8.022019227.25
10Papua New Guinea-8.12202010-4.96
11Tuvalu-9.822019134.25
12Palau-10.93202070.35

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.

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