Budget balance — all countries

Budget balance — Micronesia

Budget balance in Micronesia in 2031 — -1.2%. Ranked 55 in the world out of 188. Since 1995, the indicator has fallen by 0.7 pp.

2031 -1.2% −0.3 pp vs 2030
World rank 55of 188
Period maximum 24.4%2018
Period minimum -15.6%2004

Trend over time

1995–2031 · % of GDP

Budget balance — Micronesia, 1995–2031-20-10010203019951999200320072011201520192023202720311995: -0.5%1996: 2.3%1997: 2.6%1998: -3.3%1999: -5.2%2000: -3.5%2001: -5.5%2002: 7.2%2003: 2.6%2004: -15.6%2005: -5.6%2006: -5.4%2007: -3.5%2008: -1.6%2009: 1.8%2010: 0.4%2011: -0.6%2012: 0.8%2013: 2.8%2014: 11%2015: 10.4%2016: 7.1%2017: 14.3%2018: 24.4%2019: 19.3%2020: 6.2%2021: 4.2%2022: 16.8%2023: -1.8%2024: 1.7%2025: 0.4%2026: 0.4%2027: -0.3%2028: -0.6%2029: -0.8%2030: -0.9%2031: -1.2%
Change over the period: −0.7 pp Annual average: -0.02 pp

Comparison, 2031

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

Micronesia -1.2%
World computed -4.85%
East Asia & Pacific computed -5.66%
Micronesia (subregion) computed -2.42%
Budget balance — Micronesia, by year Micronesia All countries CSV XLSX
Year % Change, pp
2031 -1.2 −0.3 pp
2030 -0.9 −0.1 pp
2029 -0.8 −0.2 pp
2028 -0.6 −0.3 pp
2027 -0.3 −0.7 pp
2026 0.4 +0 pp
2025 0.4 −1.3 pp
2024 1.7 +3.5 pp
2023 -1.8 −18.6 pp
2022 16.8 +12.6 pp
2021 4.2 −2 pp
2020 6.2 −13.1 pp
2019 19.3 −5.1 pp
2018 24.4 +10.1 pp
2017 14.3 +7.2 pp
2016 7.1 −3.3 pp
2015 10.4 −0.6 pp
2014 11 +8.2 pp
2013 2.8 +2 pp
2012 0.8 +1.4 pp
2011 -0.6 −1 pp
2010 0.4 −1.4 pp
2009 1.8 +3.4 pp
2008 -1.6 +1.9 pp
2007 -3.5 +1.9 pp
2006 -5.4 +0.2 pp
2005 -5.6 +10 pp
2004 -15.6 −18.2 pp
2003 2.6 −4.6 pp
2002 7.2 +12.7 pp
2001 -5.5 −2 pp
2000 -3.5 +1.7 pp
1999 -5.2 −1.9 pp
1998 -3.3 −5.9 pp
1997 2.6 +0.3 pp
1996 2.3 +2.8 pp
1995 -0.5

Micronesia, 2031

The same indicator for neighboring countries — with links to their pages

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.