Indicator
Government budget balance (% of GDP) ranking
Highest and lowest
In 2025, the general government budget balance as a share of GDP was highest in Tuvalu, Kuwait, and Norway, while the lowest values were recorded in Timor-Leste, Libya, and Ukraine. The full ranking is shown below.
Full ranking
Government budget balance (% of GDP)
Positive values indicate a surplus; negative values indicate a deficit
| Rank | Economy | Year | |
|---|---|---|---|
| 1 | Tuvalu | 31.6 | 2025 |
| 2 | Kuwait | 28.4 | 2025 |
| 3 | Norway | 9.3 | 2025 |
| 4 | United Arab Emirates | 5.2 | 2025 |
| 5 | Tonga | 4.9 | 2025 |
| 6 | Samoa | 4.7 | 2025 |
| 7 | Macau (China) | 4.5 | 2025 |
| 8 | Singapore | 4.2 | 2025 |
| 9 | Nauru | 3.5 | 2025 |
| 10 | Andorra | 3.5 | 2025 |
| 11 | South Sudan | 3.5 | 2025 |
| 12 | Lebanon | 3.3 | 2025 |
| 13 | Antigua and Barbuda | 3.1 | 2025 |
| 14 | Cyprus | 3.0 | 2025 |
| 15 | Denmark | 2.9 | 2025 |
| 16 | Liechtenstein | 2.8 | 2025 |
| 17 | Azerbaijan | 2.6 | 2025 |
| 18 | Lesotho | 2.2 | 2025 |
| 19 | Nicaragua | 2.1 | 2025 |
| 20 | Aruba | 1.9 | 2025 |
| 21 | Palau | 1.7 | 2025 |
| 22 | Mongolia | 1.7 | 2025 |
| 23 | Lao PDR | 1.6 | 2025 |
| 24 | Ireland | 1.5 | 2025 |
| 25 | Marshall Islands | 1.4 | 2025 |
| 26 | Greece | 1.3 | 2025 |
| 27 | Cabo Verde | 1.1 | 2025 |
| 28 | Oman | 1.0 | 2025 |
| 29 | Switzerland | 0.5 | 2025 |
| 30 | Micronesia | 0.4 | 2025 |
| 31 | Portugal | 0.3 | 2025 |
| 32 | Congo Republic | 0.3 | 2025 |
| 33 | Belarus | 0.2 | 2025 |
| 34 | Zimbabwe | 0.1 | 2025 |
| 35 | Turkmenistan | 0.1 | 2025 |
| 36 | Kyrgyzstan | -0.1 | 2025 |
| 37 | Haiti | -0.2 | 2025 |
| 38 | Somalia | -0.3 | 2025 |
| 39 | Mauritania | -0.3 | 2025 |
| 40 | Barbados | -0.3 | 2025 |
| 41 | Argentina | -0.4 | 2025 |
| 42 | Puerto Rico | -0.4 | 2025 |
| 43 | Bahamas | -0.5 | 2025 |
| 44 | Djibouti | -0.7 | 2025 |
| 45 | Honduras | -0.7 | 2025 |
| 46 | Afghanistan | -0.9 | 2025 |
| 47 | Belize | -1.0 | 2025 |
| 48 | Luxembourg | -1.0 | 2025 |
| 49 | Seychelles | -1.0 | 2025 |
| 50 | Cambodia | -1.0 | 2025 |
| 51 | Qatar | -1.0 | 2025 |
| 52 | San Marino | -1.0 | 2025 |
| 53 | Japan | -1.1 | 2025 |
| 54 | Ethiopia | -1.2 | 2025 |
| 55 | Chad | -1.3 | 2025 |
| 56 | Estonia | -1.3 | 2025 |
| 57 | Ghana | -1.3 | 2025 |
| 58 | Dominica | -1.3 | 2025 |
| 59 | Sweden | -1.4 | 2025 |
| 60 | Liberia | -1.4 | 2025 |
| 61 | Korea | -1.4 | 2025 |
| 62 | Georgia | -1.5 | 2025 |
| 63 | Mali | -1.6 | 2025 |
| 64 | Uzbekistan | -1.7 | 2025 |
| 65 | Paraguay | -1.7 | 2025 |
| 66 | Albania | -1.7 | 2025 |
| 67 | Nigeria | -1.8 | 2025 |
| 68 | Canada | -1.8 | 2025 |
| 69 | Tajikistan | -1.8 | 2025 |
| 70 | Netherlands | -1.8 | 2025 |
| 71 | Nepal | -1.9 | 2025 |
| 72 | Thailand | -1.9 | 2025 |
| 73 | Guatemala | -1.9 | 2025 |
| 74 | Cameroon | -2.0 | 2025 |
| 75 | Czechia | -2.0 | 2025 |
| 76 | Chinese Taipei | -2.1 | 2025 |
| 77 | Lithuania | -2.2 | 2025 |
| 78 | Viet Nam | -2.2 | 2025 |
| 79 | Madagascar | -2.2 | 2025 |
| 80 | Serbia | -2.2 | 2025 |
| 81 | Comoros | -2.3 | 2025 |
| 82 | Slovenia | -2.4 | 2025 |
| 83 | Papua New Guinea | -2.4 | 2025 |
| 84 | Peru | -2.4 | 2025 |
| 85 | Bosnia and Herzegovina | -2.4 | 2025 |
| 86 | Fiji | -2.5 | 2025 |
| 87 | Spain | -2.5 | 2025 |
| 88 | Sao Tome and Principe | -2.5 | 2025 |
| 89 | Equatorial Guinea | -2.5 | 2025 |
| 90 | Germany | -2.7 | 2025 |
| 91 | Bhutan | -2.7 | 2025 |
| 92 | Congo DR | -2.8 | 2025 |
| 93 | Iceland | -2.8 | 2025 |
| 94 | Türkiye | -2.8 | 2025 |
| 95 | Australia | -2.8 | 2025 |
| 96 | Chile | -2.8 | 2025 |
| 97 | El Salvador | -2.8 | 2025 |
| 98 | Saint Lucia | -2.9 | 2025 |
| 99 | Ecuador | -2.9 | 2025 |
| 100 | Croatia | -2.9 | 2025 |
| 101 | Benin | -2.9 | 2025 |
| 102 | Indonesia | -2.9 | 2025 |
| 103 | Bangladesh | -2.9 | 2025 |
| 104 | Maldives | -2.9 | 2025 |
| 105 | Gambia | -2.9 | 2025 |
| 106 | Burundi | -3.0 | 2025 |
| 107 | Côte d'Ivoire | -3.0 | 2025 |
| 108 | Bulgaria | -3.0 | 2025 |
| 109 | West Bank and Gaza | -3.0 | 2024 |
| 110 | Tanzania | -3.0 | 2025 |
| 111 | Sudan | -3.1 | 2025 |
| 112 | Malta | -3.1 | 2025 |
| 113 | Italy | -3.1 | 2025 |
| 114 | Kazakhstan | -3.1 | 2025 |
| 115 | Togo | -3.2 | 2025 |
| 116 | Solomon Islands | -3.2 | 2025 |
| 117 | Niger | -3.3 | 2025 |
| 118 | Costa Rica | -3.4 | 2025 |
| 119 | Uruguay | -3.4 | 2025 |
| 120 | Yemen | -3.5 | 2025 |
| 121 | Malaysia | -3.5 | 2025 |
| 122 | Burkina Faso | -3.5 | 2025 |
| 123 | Morocco | -3.5 | 2025 |
| 124 | Dominican Republic | -3.6 | 2025 |
| 125 | Montenegro | -3.6 | 2025 |
| 126 | Panama | -3.7 | 2025 |
| 127 | Mauritius | -3.7 | 2025 |
| 128 | Armenia | -3.7 | 2025 |
| 129 | Jamaica | -3.8 | 2025 |
| 130 | Zambia | -3.8 | 2025 |
| 131 | New Zealand | -3.9 | 2025 |
| 132 | Moldova | -3.9 | 2025 |
| 133 | Finland | -3.9 | 2025 |
| 134 | Vanuatu | -3.9 | 2025 |
| 135 | Russia | -3.9 | 2025 |
| 136 | Mozambique | -4.0 | 2025 |
| 137 | Philippines | -4.0 | 2025 |
| 138 | North Macedonia | -4.0 | 2025 |
| 139 | Latvia | -4.0 | 2025 |
| 140 | Angola | -4.1 | 2025 |
| 141 | Sierra Leone | -4.2 | 2025 |
| 142 | Rwanda | -4.5 | 2025 |
| 143 | Austria | -4.5 | 2025 |
| 144 | Hungary | -4.7 | 2025 |
| 145 | Hong Kong (China) | -4.8 | 2025 |
| 146 | Mexico | -4.9 | 2025 |
| 147 | Myanmar | -4.9 | 2025 |
| 148 | Grenada | -5.0 | 2025 |
| 149 | Slovak Republic | -5.0 | 2025 |
| 150 | France | -5.1 | 2025 |
| 151 | Israel | -5.2 | 2025 |
| 152 | Tunisia | -5.2 | 2025 |
| 153 | Belgium | -5.3 | 2025 |
| 154 | Pakistan | -5.4 | 2025 |
| 155 | Guyana | -5.4 | 2025 |
| 156 | United Kingdom | -5.4 | 2025 |
| 157 | Sri Lanka | -5.4 | 2024 |
| 158 | Trinidad and Tobago | -5.5 | 2025 |
| 159 | Central African Republic | -5.5 | 2025 |
| 160 | Iran | -5.7 | 2025 |
| 161 | Colombia | -5.7 | 2025 |
| 162 | Saudi Arabia | -5.8 | 2025 |
| 163 | South Africa | -5.8 | 2025 |
| 164 | Venezuela | -5.8 | 2025 |
| 165 | Eswatini | -6.1 | 2025 |
| 166 | Jordan | -6.3 | 2025 |
| 167 | Iraq | -6.4 | 2025 |
| 168 | Kenya | -6.4 | 2025 |
| 169 | Namibia | -6.5 | 2025 |
| 170 | Egypt | -6.6 | 2025 |
| 171 | Guinea-Bissau | -6.7 | 2025 |
| 172 | United States | -6.8 | 2025 |
| 173 | Guinea | -7.0 | 2025 |
| 174 | Poland | -7.0 | 2025 |
| 175 | Uganda | -7.1 | 2025 |
| 176 | Botswana | -7.4 | 2025 |
| 177 | India | -7.4 | 2025 |
| 178 | Romania | -7.6 | 2025 |
| 179 | China | -7.9 | 2025 |
| 180 | Senegal | -7.9 | 2025 |
| 181 | Brazil | -8.1 | 2025 |
| 182 | Gabon | -8.5 | 2025 |
| 183 | Suriname | -9.6 | 2025 |
| 184 | Algeria | -10.2 | 2025 |
| 185 | Malawi | -11.5 | 2025 |
| 186 | Bolivia | -11.6 | 2025 |
| 187 | Saint Kitts and Nevis | -11.7 | 2025 |
| 188 | Saint Vincent and the Grenadines | -12.3 | 2025 |
| 189 | Bahrain | -13.0 | 2025 |
| 190 | Brunei Darussalam | -13.4 | 2025 |
| 191 | Kiribati | -14.5 | 2025 |
| 192 | Ukraine | -23.3 | 2025 |
| 193 | Libya | -31.1 | 2025 |
| 194 | Timor-Leste | -48.0 | 2025 |
Chart
Government budget balance (% of GDP)
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Sources and updates
Data sources
The data for this indicator are drawn from the IMF World Economic Outlook.
Last update
This indicator was last updated on Econorama on 18 June 2026 and reflects the latest data available from the underlying sources at that time.