Cold 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 | Norway | 14% of GDP | 2012 | ||
2 | Greenland | 1.9% of GDP | 2010 | ||
3 | Tajikistan | 1.4% of GDP | 2012 | ||
4 | Belarus | 0.7% of GDP | 2012 | ||
5 | Chile | 0.5% of GDP | 2012 | ||
=6 | Latvia | 0.1% of GDP | 2012 | ||
=6 | Switzerland | 0.1% of GDP | 2012 | ||
=6 | Germany | 0.1% of GDP | 2012 | ||
9 | Russia | -0.1% of GDP | 2012 | ||
10 | Estonia | -0.3% of GDP | 2012 | ||
11 | North Korea | -0.4% of GDP | 2007 | ||
12 | Sweden | -0.7% of GDP | 2012 | ||
13 | Luxembourg | -0.8% of GDP | 2012 | ||
=14 | Austria | -1.4% of GDP | 2012 | ||
=14 | Andorra | -1.4% of GDP | 2011 | ||
=16 | Armenia | -1.6% of GDP | 2012 | ||
=16 | Liechtenstein | -1.6% of GDP | 2011 | ||
=18 | China | -1.7% of GDP | 2012 | ||
=18 | Bhutan | -1.7% of GDP | 2012 | ||
20 | Poland | -1.9% of GDP | 2012 | ||
21 | Hungary | -2.1% of GDP | 2013 | ||
22 | Finland | -2.3% of GDP | 2012 | ||
23 | Romania | -2.5% of GDP | 2012 | ||
=24 | Bosnia and Herzegovina | -2.9% of GDP | 2012 | ||
=24 | Kazakhstan | -2.9% of GDP | 2012 | ||
26 | Georgia | -3.1% of GDP | 2012 | ||
27 | Slovenia | -3.2% of GDP | 2012 | ||
28 | Canada | -3.3% of GDP | 2012 | ||
29 | Lithuania | -3.4% of GDP | 2012 | ||
30 | Iceland | -3.5% of GDP | 2012 | ||
31 | Republic of Macedonia | -3.9% of GDP | 2012 | ||
32 | Denmark | -4.1% of GDP | 2012 | ||
33 | Belgium | -4.2% of GDP | 2012 | ||
=34 | Ukraine | -4.4% of GDP | 2012 | ||
=34 | Slovakia | -4.4% of GDP | 2012 | ||
36 | Czech Republic | -4.5% of GDP | 2012 | ||
37 | Falkland Islands (Islas Malvinas) | -5% of GDP | 2010 | ||
38 | Kyrgyzstan | -6% of GDP | 2012 | ||
39 | Nepal | -6.4% of GDP | 2012 | ||
40 | United States | -6.8% of GDP | 2012 | ||
41 | Ireland | -7.6% of GDP | 2012 | ||
42 | United Kingdom | -8.2% of GDP | 2012 | ||
43 | Mongolia | -8.5% of GDP | 2012 |
Citation
Interesting observations about Economy > Budget surplus > + or deficit > -
- 98 of the top 189 countries by budget surplus > + or deficit > - are Christian.
- 2 of the top 4 countries by budget surplus > + or deficit > - are Tourist destination.
- Kuwait has ranked in the top 3 for budget surplus > + or deficit > - since 2010.
- Macau has ranked in the top 3 for budget surplus > + or deficit > - since 2010.
- Qatar has ranked in the top 4 for budget surplus > + or deficit > - since 2010.
- Brazil ranked first for budget surplus > + or deficit > - amongst Emerging markets in 2012.
- 21 of the bottom 37 countries by budget surplus > + or deficit > - are Heavily indebted.
- San Marino has ranked in the top 4 for budget surplus > + or deficit > - since 2009.
- 25 of the top 89 countries by budget surplus > + or deficit > - are Landlocked.
- Norway has ranked in the top 5 for budget surplus > + or deficit > - since 2010.