Catholic countries Compared by Economy > Budget surplus > + or deficit > -
DEFINITION:
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.
CONTENTS
| # | COUNTRY | AMOUNT | DATE | GRAPH | HISTORY |
|---|---|---|---|---|---|
| 1 | Brazil | 2.4% of GDP | 2012 | ||
| =2 | Peru | 2.2% of GDP | 2012 | ||
| =2 | Seychelles | 2.2% of GDP | 2012 | ||
| 4 | Bolivia | 1.8% of GDP | 2012 | ||
| =5 | Colombia | 0.5% of GDP | 2012 | ||
| =5 | Chile | 0.5% of GDP | 2012 | ||
| 7 | Luxembourg | -0.8% of GDP | 2012 | ||
| 8 | Equatorial Guinea | -0.9% of GDP | 2012 | ||
| 9 | British Virgin Islands | 0.0 | 2012 | ||
| 10 | Ecuador | -1.1% of GDP | 2012 | ||
| =11 | Austria | -1.4% of GDP | 2012 | ||
| =11 | Andorra | -1.4% of GDP | 2011 | ||
| 13 | San Marino | -1.5% of GDP | 2011 | ||
| =14 | East Timor | -1.6% of GDP | 2012 | ||
| =14 | Liechtenstein | -1.6% of GDP | 2011 | ||
| 16 | Paraguay | -1.7% of GDP | 2012 | ||
| 17 | Poland | -1.9% of GDP | 2012 | ||
| 18 | Panama | -2.1% of GDP | 2012 | ||
| 19 | Philippines | -2.3% of GDP | 2012 | ||
| =20 | Guatemala | -2.4% of GDP | 2012 | ||
| =20 | Palau | -2.4% of GDP | 2010 | ||
| 22 | Argentina | -2.6% of GDP | 2012 | ||
| 23 | Mexico | -2.7% of GDP | 2012 | ||
| 24 | Italy | -2.9% of GDP | 2012 | ||
| 25 | Croatia | -3.3% of GDP | 2012 | ||
| 26 | Lithuania | -3.4% of GDP | 2012 | ||
| 27 | Cote d'Ivoire | -3.5% of GDP | 2012 | ||
| 28 | Cuba | -3.7% of GDP | 2012 | ||
| 29 | Burundi | -3.8% of GDP | 2012 | ||
| 30 | Slovakia | -4.4% of GDP | 2012 | ||
| 31 | Costa Rica | -4.5% of GDP | 2012 | ||
| 32 | France | -4.9% of GDP | 2012 | ||
| 33 | Haiti | -6% of GDP | 2012 | ||
| 34 | Portugal | -6.5% of GDP | 2012 | ||
| 35 | Ireland | -7.6% of GDP | 2012 | ||
| 36 | Aruba | -9.8% of GDP | 2012 | ||
| 37 | Spain | -10.9% of GDP | 2012 | ||
| 38 | Cape Verde | -12.1% of GDP | 2012 | ||
| 39 | Dominica | -12.4% of GDP | 2012 | ||
| 40 | Eritrea | -12.6% of GDP | 2012 | ||
| 41 | Venezuela | -14.8% of GDP | 2012 |
