Budget balance — all countries

Budget balance — Australia and New Zealand

Budget balance in Australia and New Zealand in 2031 — -1.31%. Since 1988, the indicator has fallen by 1.46 pp.

2031 -1.31% +0.12 pp vs 2030
World rank
Period maximum 2.15%2005
Period minimum -8.1%2020

Trend over time

1988–2031 · % of GDP

Budget balance — Australia and New Zealand, 1988–2031-10-50519881993199820032008201320182023202820311988: 0.16%1989: 0.52%1990: -0.51%1991: -3.19%1992: -4.87%1993: -4.3%1994: -3.05%1995: -1.71%1996: -0.93%1997: -0.26%1998: -0.24%1999: 0.48%2000: 1.08%2001: 0.16%2002: 0.51%2003: 1.36%2004: 1.73%2005: 2.15%2006: 2.14%2007: 1.76%2008: -0.8%2009: -4.21%2010: -5.14%2011: -4.54%2012: -3.37%2013: -2.64%2014: -2.59%2015: -2.4%2016: -1.97%2017: -1.3%2018: -0.97%2019: -4.14%2020: -8.1%2021: -5.99%2022: -2.42%2023: -1.54%2024: -2.41%2025: -2.94%2026: -2.57%2027: -2.22%2028: -1.92%2029: -1.65%2030: -1.43%2031: -1.31%
Change over the period: −1.46 pp Annual average: -0.03 pp

Comparison, 2031

How the value compares with the world and the groups this territory belongs to: Australia and New Zealand

Australia and New Zealand -1.31%
World computed -4.85%
Budget balance — Australia and New Zealand, by year Australia and New Zealand All countries CSV XLSX
Year % Change, pp
2031 -1.31 +0.12 pp
2030 -1.43 +0.22 pp
2029 -1.65 +0.27 pp
2028 -1.92 +0.29 pp
2027 -2.22 +0.36 pp
2026 -2.57 +0.36 pp
2025 -2.94 −0.52 pp
2024 -2.41 −0.87 pp
2023 -1.54 +0.88 pp
2022 -2.42 +3.57 pp
2021 -5.99 +2.1 pp
2020 -8.1 −3.96 pp
2019 -4.14 −3.17 pp
2018 -0.97 +0.34 pp
2017 -1.3 +0.66 pp
2016 -1.97 +0.44 pp
2015 -2.4 +0.19 pp
2014 -2.59 +0.05 pp
2013 -2.64 +0.73 pp
2012 -3.37 +1.17 pp
2011 -4.54 +0.6 pp
2010 -5.14 −0.93 pp
2009 -4.21 −3.4 pp
2008 -0.8 −2.57 pp
2007 1.76 −0.38 pp
2006 2.14 −0.01 pp
2005 2.15 +0.43 pp
2004 1.73 +0.37 pp
2003 1.36 +0.85 pp
2002 0.51 +0.35 pp
2001 0.16 −0.92 pp
2000 1.08 +0.61 pp
1999 0.48 +0.71 pp
1998 -0.24 +0.03 pp
1997 -0.26 +0.66 pp
1996 -0.93 +0.79 pp
1995 -1.71 +1.33 pp
1994 -3.05 +1.25 pp
1993 -4.3 +0.58 pp
1992 -4.87 −1.68 pp
1991 -3.19 −2.68 pp
1990 -0.51 −1.03 pp
1989 0.52 +0.37 pp
1988 0.16

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.