Former Spanish colonies 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 | Peru | 2.2% of GDP | 2012 | ||
2 | Bolivia | 1.8% of GDP | 2012 | ||
=3 | Colombia | 0.5% of GDP | 2012 | ||
=3 | Chile | 0.5% of GDP | 2012 | ||
5 | Nicaragua | -0.2% of GDP | 2012 | ||
6 | Equatorial Guinea | -0.9% of GDP | 2012 | ||
7 | Ecuador | -1.1% of GDP | 2012 | ||
8 | Paraguay | -1.7% of GDP | 2012 | ||
9 | Panama | -2.1% of GDP | 2012 | ||
10 | Philippines | -2.3% of GDP | 2012 | ||
11 | Guatemala | -2.4% of GDP | 2012 | ||
12 | Argentina | -2.6% of GDP | 2012 | ||
13 | Mexico | -2.7% of GDP | 2012 | ||
14 | Uruguay | -2.8% of GDP | 2012 | ||
15 | El Salvador | -3.5% of GDP | 2012 | ||
16 | Cuba | -3.7% of GDP | 2012 | ||
17 | Costa Rica | -4.5% of GDP | 2012 | ||
18 | Honduras | -6% of GDP | 2012 | ||
19 | Dominican Republic | -6.6% of GDP | 2012 | ||
20 | Venezuela | -14.8% of GDP | 2012 |