Budget balance — all countries

Budget balance — Georgia

Budget balance in Georgia in 2031 — -2.2%. Ranked 88 in the world out of 188. Since 1995, the indicator has risen by 2.7 pp.

2031 -2.2% +0 pp vs 2030
World rank 88of 188
Period maximum 3.6%2004
Period minimum -9.2%2020

Trend over time

1995–2031 · % of GDP

Budget balance — Georgia, 1995–2031-10-50519951999200320072011201520192023202720311995: -4.9%1996: -5.9%1997: -6.6%1998: -4%1999: -4.7%2000: -1.9%2001: -0.7%2002: -0.2%2003: -0.5%2004: 3.6%2005: 2.1%2006: 3.3%2007: 0.8%2008: -1.9%2009: -6.4%2010: -4.5%2011: -0.8%2012: -0.7%2013: -1.2%2014: -1.8%2015: -1.2%2016: -1.5%2017: -0.5%2018: -0.8%2019: -1.8%2020: -9.2%2021: -6%2022: -2.2%2023: -2.3%2024: -2.3%2025: -1.5%2026: -2.3%2027: -2.3%2028: -2.3%2029: -2.2%2030: -2.2%2031: -2.2%
Change over the period: +2.7 pp Annual average: 0.08 pp

Comparison, 2031

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

Georgia -2.2%
World computed -4.85%
Europe & Central Asia computed -2.49%
Western Asia computed -1.19%
Budget balance — Georgia, by year Georgia All countries CSV XLSX
Year % Change, pp
2031 -2.2 +0 pp
2030 -2.2 +0 pp
2029 -2.2 +0.1 pp
2028 -2.3 +0 pp
2027 -2.3 +0 pp
2026 -2.3 −0.8 pp
2025 -1.5 +0.8 pp
2024 -2.3 +0 pp
2023 -2.3 −0.1 pp
2022 -2.2 +3.8 pp
2021 -6 +3.2 pp
2020 -9.2 −7.4 pp
2019 -1.8 −1 pp
2018 -0.8 −0.3 pp
2017 -0.5 +1 pp
2016 -1.5 −0.3 pp
2015 -1.2 +0.6 pp
2014 -1.8 −0.6 pp
2013 -1.2 −0.5 pp
2012 -0.7 +0.1 pp
2011 -0.8 +3.7 pp
2010 -4.5 +1.9 pp
2009 -6.4 −4.5 pp
2008 -1.9 −2.7 pp
2007 0.8 −2.5 pp
2006 3.3 +1.2 pp
2005 2.1 −1.5 pp
2004 3.6 +4.1 pp
2003 -0.5 −0.3 pp
2002 -0.2 +0.5 pp
2001 -0.7 +1.2 pp
2000 -1.9 +2.8 pp
1999 -4.7 −0.7 pp
1998 -4 +2.6 pp
1997 -6.6 −0.7 pp
1996 -5.9 −1 pp
1995 -4.9

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.