Budget balance — all countries

Budget balance — Ireland

Budget balance in Ireland in 2031 — 0.4%. Ranked 23 in the world out of 188. Since 1995, the indicator has risen by 2.5 pp.

2031 0.4% +0 pp vs 2030
World rank 23of 188
Period maximum 4.9%2000
Period minimum -32.1%2010

Trend over time

1995–2031 · % of GDP

Budget balance — Ireland, 1995–2031-40-30-20-1001019951999200320072011201520192023202720311995: -2.1%1996: -0.2%1997: 1.4%1998: 2.1%1999: 3.5%2000: 4.9%2001: 1%2002: -0.5%2003: 0.3%2004: 1.3%2005: 1.6%2006: 2.8%2007: 0.3%2008: -7%2009: -13.9%2010: -32.1%2011: -13.5%2012: -8.4%2013: -6.3%2014: -3.5%2015: -2%2016: -0.8%2017: -0.3%2018: 0.1%2019: 0.4%2020: -4.9%2021: -1.3%2022: 1.6%2023: 1.4%2024: 4%2025: 1.5%2026: 0.6%2027: 0.7%2028: 0.7%2029: 0.5%2030: 0.4%2031: 0.4%
Change over the period: +2.5 pp Annual average: 0.07 pp

Comparison, 2031

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

Ireland 0.4%
World computed -4.85%
Europe & Central Asia computed -2.49%
Northern Europe computed -0.84%
High-income countries computed -4.26%
Budget balance — Ireland, by year Ireland All countries CSV XLSX
Year % Change, pp
2031 0.4 +0 pp
2030 0.4 −0.1 pp
2029 0.5 −0.2 pp
2028 0.7 +0 pp
2027 0.7 +0.1 pp
2026 0.6 −0.9 pp
2025 1.5 −2.5 pp
2024 4 +2.6 pp
2023 1.4 −0.2 pp
2022 1.6 +2.9 pp
2021 -1.3 +3.6 pp
2020 -4.9 −5.3 pp
2019 0.4 +0.3 pp
2018 0.1 +0.4 pp
2017 -0.3 +0.5 pp
2016 -0.8 +1.2 pp
2015 -2 +1.5 pp
2014 -3.5 +2.8 pp
2013 -6.3 +2.1 pp
2012 -8.4 +5.1 pp
2011 -13.5 +18.6 pp
2010 -32.1 −18.2 pp
2009 -13.9 −6.9 pp
2008 -7 −7.3 pp
2007 0.3 −2.5 pp
2006 2.8 +1.2 pp
2005 1.6 +0.3 pp
2004 1.3 +1 pp
2003 0.3 +0.8 pp
2002 -0.5 −1.5 pp
2001 1 −3.9 pp
2000 4.9 +1.4 pp
1999 3.5 +1.4 pp
1998 2.1 +0.7 pp
1997 1.4 +1.6 pp
1996 -0.2 +1.9 pp
1995 -2.1

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.