Budget balance — all countries

Budget balance — Italy

Budget balance in Italy in 2031 — -2.7%. Ranked 105 in the world out of 188. Since 1988, the indicator has risen by 7.9 pp.

2031 -2.7% −0.2 pp vs 2030
World rank 105of 188
Period maximum -1.3%2007
Period minimum -11.1%1990

Trend over time

1988–2031 · % of GDP

Budget balance — Italy, 1988–2031-12.5-10-7.5-5-2.5019881993199820032008201320182023202820311988: -10.6%1989: -10.9%1990: -11.1%1991: -11.1%1992: -10.1%1993: -9.8%1994: -8.8%1995: -7.2%1996: -6.6%1997: -3%1998: -3%1999: -1.8%2000: -2.4%2001: -3.2%2002: -2.9%2003: -3.2%2004: -3.5%2005: -4.1%2006: -3.6%2007: -1.3%2008: -2.6%2009: -5.1%2010: -4.2%2011: -3.5%2012: -3%2013: -2.9%2014: -2.8%2015: -2.5%2016: -2.4%2017: -2.5%2018: -2.2%2019: -1.5%2020: -9.4%2021: -8.9%2022: -8.1%2023: -7.1%2024: -3.4%2025: -3.1%2026: -2.8%2027: -2.6%2028: -2.4%2029: -2.5%2030: -2.5%2031: -2.7%
Change over the period: +7.9 pp Annual average: 0.18 pp

Comparison, 2031

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

Italy -2.7%
World computed -4.85%
Europe & Central Asia computed -2.49%
Southern Europe computed -2.33%
High-income countries computed -4.26%
Budget balance — Italy, by year Italy All countries CSV XLSX
Year % Change, pp
2031 -2.7 −0.2 pp
2030 -2.5 +0 pp
2029 -2.5 −0.1 pp
2028 -2.4 +0.2 pp
2027 -2.6 +0.2 pp
2026 -2.8 +0.3 pp
2025 -3.1 +0.3 pp
2024 -3.4 +3.7 pp
2023 -7.1 +1 pp
2022 -8.1 +0.8 pp
2021 -8.9 +0.5 pp
2020 -9.4 −7.9 pp
2019 -1.5 +0.7 pp
2018 -2.2 +0.3 pp
2017 -2.5 −0.1 pp
2016 -2.4 +0.1 pp
2015 -2.5 +0.3 pp
2014 -2.8 +0.1 pp
2013 -2.9 +0.1 pp
2012 -3 +0.5 pp
2011 -3.5 +0.7 pp
2010 -4.2 +0.9 pp
2009 -5.1 −2.5 pp
2008 -2.6 −1.3 pp
2007 -1.3 +2.3 pp
2006 -3.6 +0.5 pp
2005 -4.1 −0.6 pp
2004 -3.5 −0.3 pp
2003 -3.2 −0.3 pp
2002 -2.9 +0.3 pp
2001 -3.2 −0.8 pp
2000 -2.4 −0.6 pp
1999 -1.8 +1.2 pp
1998 -3 +0 pp
1997 -3 +3.6 pp
1996 -6.6 +0.6 pp
1995 -7.2 +1.6 pp
1994 -8.8 +1 pp
1993 -9.8 +0.3 pp
1992 -10.1 +1 pp
1991 -11.1 +0 pp
1990 -11.1 −0.2 pp
1989 -10.9 −0.3 pp
1988 -10.6

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.