Budget balance — all countries

Budget balance — Andorra

Budget balance in Andorra in 2031 — 1.7%. Ranked 15 in the world out of 188. Since 2001, the indicator has risen by 1 pp.

2031 1.7% −0.2 pp vs 2030
World rank 15of 188
Period maximum 4.8%2022
Period minimum -3.5%2009

Trend over time

2001–2031 · % of GDP

Budget balance — Andorra, 2001–2031-5-2.502.55200120042007201020132016201920222025202820312001: 0.7%2002: 1%2003: 1.8%2004: 1.9%2005: -0.1%2006: -1.4%2007: -2.8%2008: -3.2%2009: -3.5%2010: -0.3%2011: 0.4%2012: -1.6%2013: 3.4%2014: 2.1%2015: 1.7%2016: 4.1%2017: 3.3%2018: 2.7%2019: 2.3%2020: -1%2021: -1.2%2022: 4.8%2023: 2.2%2024: 2.8%2025: 3.5%2026: 2.2%2027: 1.9%2028: 1.9%2029: 1.9%2030: 1.9%2031: 1.7%
Change over the period: +1 pp Annual average: 0.03 pp

Comparison, 2031

How the value compares with the world and the groups this territory belongs to: Andorra

Andorra 1.7%
World computed -4.85%
Europe & Central Asia computed -2.49%
Southern Europe computed -2.33%
High-income countries computed -4.26%
Budget balance — Andorra, by year Andorra All countries CSV XLSX
Year % Change, pp
2031 1.7 −0.2 pp
2030 1.9 +0 pp
2029 1.9 +0 pp
2028 1.9 +0 pp
2027 1.9 −0.3 pp
2026 2.2 −1.3 pp
2025 3.5 +0.7 pp
2024 2.8 +0.6 pp
2023 2.2 −2.6 pp
2022 4.8 +6 pp
2021 -1.2 −0.2 pp
2020 -1 −3.3 pp
2019 2.3 −0.4 pp
2018 2.7 −0.6 pp
2017 3.3 −0.8 pp
2016 4.1 +2.4 pp
2015 1.7 −0.4 pp
2014 2.1 −1.3 pp
2013 3.4 +5 pp
2012 -1.6 −2 pp
2011 0.4 +0.7 pp
2010 -0.3 +3.2 pp
2009 -3.5 −0.3 pp
2008 -3.2 −0.4 pp
2007 -2.8 −1.4 pp
2006 -1.4 −1.3 pp
2005 -0.1 −2 pp
2004 1.9 +0.1 pp
2003 1.8 +0.8 pp
2002 1 +0.3 pp
2001 0.7

About the indicator

Net lending or net borrowing of general government as a percent of GDP — what is commonly called the budget deficit, taken with a plus sign when there is a surplus. General government includes regions, local authorities and extrabudgetary funds, so the quantity is fuller than the balance of the central budget alone. The IMF series runs with a forecast several years ahead.

Important: Negative values are deficits. Accumulated deficits are what government debt is, so the two indicators are worth looking at together: a country can live with a deficit for years and carry a small debt all the same, if its economy grows faster.

Source: World Economic Outlook (IMF), license IMF open data.