Budget balance — all countries

Budget balance — Lower-middle-income countries

Budget balance in lower-middle-income countries in 2031 — -4.71%. Since 1994, the indicator has risen by 0.09 pp.

2031 -4.71% +0.08 pp vs 2030
World rank
Period maximum -1.74%2000
Period minimum -8.68%2020

Trend over time

1994–2031 · % of GDP

Budget balance — Lower-middle-income countries, 1994–2031-10-8-6-4-2019941998200220062010201420182022202620301994: -4.8%1995: -3.07%1996: -2.38%1997: -3.45%1998: -5.14%1999: -3.41%2000: -1.74%2001: -4.53%2002: -5.68%2003: -5.67%2004: -4.2%2005: -3.17%2006: -2.08%2007: -2.37%2008: -3.57%2009: -5.65%2010: -4.79%2011: -3.99%2012: -4.24%2013: -4.66%2014: -4.45%2015: -4.97%2016: -5.16%2017: -4.76%2018: -4.66%2019: -5.57%2020: -8.68%2021: -6.76%2022: -6.44%2023: -6.35%2024: -5.95%2025: -5.85%2026: -6.13%2027: -5.79%2028: -5.32%2029: -4.96%2030: -4.79%2031: -4.71%
Change over the period: +0.09 pp Annual average: 0 pp

Comparison, 2031

How the value compares with the world and the groups this territory belongs to: Lower-middle-income countries

Lower-middle-income countries -4.71%
World computed -4.85%
Budget balance — Lower-middle-income countries, by year Lower-middle-income countries All countries CSV XLSX
Year % Change, pp
2031 -4.71 +0.08 pp
2030 -4.79 +0.17 pp
2029 -4.96 +0.36 pp
2028 -5.32 +0.47 pp
2027 -5.79 +0.35 pp
2026 -6.13 −0.28 pp
2025 -5.85 +0.1 pp
2024 -5.95 +0.4 pp
2023 -6.35 +0.09 pp
2022 -6.44 +0.32 pp
2021 -6.76 +1.92 pp
2020 -8.68 −3.11 pp
2019 -5.57 −0.91 pp
2018 -4.66 +0.11 pp
2017 -4.76 +0.4 pp
2016 -5.16 −0.18 pp
2015 -4.97 −0.52 pp
2014 -4.45 +0.21 pp
2013 -4.66 −0.42 pp
2012 -4.24 −0.25 pp
2011 -3.99 +0.8 pp
2010 -4.79 +0.85 pp
2009 -5.65 −2.08 pp
2008 -3.57 −1.2 pp
2007 -2.37 −0.29 pp
2006 -2.08 +1.09 pp
2005 -3.17 +1.03 pp
2004 -4.2 +1.46 pp
2003 -5.67 +0.01 pp
2002 -5.68 −1.15 pp
2001 -4.53 −2.79 pp
2000 -1.74 +1.67 pp
1999 -3.41 +1.73 pp
1998 -5.14 −1.69 pp
1997 -3.45 −1.07 pp
1996 -2.38 +0.69 pp
1995 -3.07 +1.73 pp
1994 -4.8

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.