Latin America and Caribbean 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 | Saint Kitts and Nevis | 3.6% of GDP | 2012 | ||
2 | Brazil | 2.4% of GDP | 2012 | ||
3 | Peru | 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 | Nicaragua | -0.2% of GDP | 2012 | ||
8 | Antigua and Barbuda | -0.8% of GDP | 2012 | ||
9 | Saint Vincent and the Grenadines | -1% of GDP | 2012 | ||
10 | Belize | 0.0 | 2012 | ||
=11 | Ecuador | -1.1% of GDP | 2012 | ||
=11 | Trinidad and Tobago | -1.1% of GDP | 2012 | ||
13 | Paraguay | -1.7% of GDP | 2012 | ||
14 | Panama | -2.1% of GDP | 2012 | ||
=15 | Guatemala | -2.4% of GDP | 2012 | ||
=15 | Suriname | -2.4% of GDP | 2010 | ||
17 | Bermuda | -2.5% of GDP | 2012 | ||
18 | Argentina | -2.6% of GDP | 2012 | ||
=19 | Mexico | -2.7% of GDP | 2012 | ||
=19 | Cayman Islands | -2.7% of GDP | 2012 | ||
=21 | Uruguay | -2.8% of GDP | 2012 | ||
=21 | Saint Lucia | -2.8% of GDP | 2011 | ||
23 | El Salvador | -3.5% of GDP | 2012 | ||
24 | Cuba | -3.7% of GDP | 2012 | ||
25 | Jamaica | -4.2% of GDP | 2012 | ||
26 | Costa Rica | -4.5% of GDP | 2012 | ||
27 | Guyana | -5% of GDP | 2012 | ||
28 | Grenada | -5.2% of GDP | 2009 | ||
=29 | Haiti | -6% of GDP | 2012 | ||
=29 | Honduras | -6% of GDP | 2012 | ||
31 | The Bahamas | -6.2% of GDP | 2012 | ||
32 | Dominican Republic | -6.6% of GDP | 2012 | ||
33 | Barbados | -8.1% of GDP | 2012 | ||
34 | Aruba | -9.8% of GDP | 2012 | ||
35 | Dominica | -12.4% of GDP | 2012 | ||
36 | Venezuela | -14.8% of GDP | 2012 |