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 |
