Budget balance — all countries

Budget balance — G7

Budget balance in the G7 in 2031 — -5.53%. Since 1988, the indicator has fallen by 3.62 pp.

2031 -5.53% +0.08 pp vs 2030
World rank
Period maximum -1.54%1989
Period minimum -11.67%2020

Trend over time

1988–2031 · % of GDP

Budget balance — G7, 1988–2031-15-10-5019881993199820032008201320182023202820311988: -1.91%1989: -1.54%1990: -2.03%1991: -2.61%1992: -3.26%1993: -4.49%1994: -4.53%1995: -5.77%1996: -4.41%1997: -2.94%1998: -4.76%1999: -3.13%2000: -3.34%2001: -1.97%2002: -4.1%2003: -4.7%2004: -3.94%2005: -3.26%2006: -2.19%2007: -2.22%2008: -4.49%2009: -9.82%2010: -8.8%2011: -7.35%2012: -6.49%2013: -4.36%2014: -3.6%2015: -2.99%2016: -3.35%2017: -3.35%2018: -3.32%2019: -3.79%2020: -11.67%2021: -8.91%2022: -3.7%2023: -6.19%2024: -6.14%2025: -5.31%2026: -5.8%2027: -5.73%2028: -5.78%2029: -5.66%2030: -5.61%2031: -5.53%
Change over the period: −3.62 pp Annual average: -0.08 pp

Comparison, 2031

How the value compares with the world and the groups this territory belongs to: G7

G7 -5.53%
World computed -4.85%
Budget balance — G7, by year G7 All countries CSV XLSX
Year % Change, pp
2031 -5.53 +0.08 pp
2030 -5.61 +0.04 pp
2029 -5.66 +0.13 pp
2028 -5.78 −0.05 pp
2027 -5.73 +0.07 pp
2026 -5.8 −0.5 pp
2025 -5.31 +0.83 pp
2024 -6.14 +0.05 pp
2023 -6.19 −2.49 pp
2022 -3.7 +5.2 pp
2021 -8.91 +2.76 pp
2020 -11.67 −7.88 pp
2019 -3.79 −0.47 pp
2018 -3.32 +0.03 pp
2017 -3.35 +0 pp
2016 -3.35 −0.36 pp
2015 -2.99 +0.61 pp
2014 -3.6 +0.75 pp
2013 -4.36 +2.13 pp
2012 -6.49 +0.86 pp
2011 -7.35 +1.44 pp
2010 -8.8 +1.03 pp
2009 -9.82 −5.33 pp
2008 -4.49 −2.27 pp
2007 -2.22 −0.02 pp
2006 -2.19 +1.06 pp
2005 -3.26 +0.68 pp
2004 -3.94 +0.77 pp
2003 -4.7 −0.6 pp
2002 -4.1 −2.13 pp
2001 -1.97 +1.37 pp
2000 -3.34 −0.21 pp
1999 -3.13 +1.63 pp
1998 -4.76 −1.82 pp
1997 -2.94 +1.47 pp
1996 -4.41 +1.36 pp
1995 -5.77 −1.23 pp
1994 -4.53 −0.04 pp
1993 -4.49 −1.24 pp
1992 -3.26 −0.65 pp
1991 -2.61 −0.58 pp
1990 -2.03 −0.49 pp
1989 -1.54 +0.37 pp
1988 -1.91

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.