Budget balance — all countries

Budget balance — Micronesia (subregion)

Budget balance in Micronesia (subregion) in 2031 — -2.42%. Since 2009, the indicator has fallen by 1.34 pp.

2031 -2.42% −0.77 pp vs 2030
World rank
Period maximum 14.22%2014
Period minimum -3.11%2026

Trend over time

2009–2031 · % of GDP

Budget balance — Micronesia (subregion), 2009–2031-5051015200920122015201820212024202720302009: -1.08%2010: -0.99%2011: -3.01%2012: 0.03%2013: 3.43%2014: 14.22%2015: 13.54%2016: 8.97%2017: 14.09%2018: 13.47%2019: 10.63%2020: 4.67%2021: 3.08%2022: 3.49%2023: 1.59%2024: 1.23%2025: -1.92%2026: -3.11%2027: -2.01%2028: -1.21%2029: -1.68%2030: -1.65%2031: -2.42%
Change over the period: −1.34 pp Annual average: -0.06 pp

Comparison, 2031

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

Micronesia (subregion) -2.42%
World computed -4.85%
Budget balance — Micronesia (subregion), by year Micronesia (subregion) All countries CSV XLSX
Year % Change, pp
2031 -2.42 −0.77 pp
2030 -1.65 +0.03 pp
2029 -1.68 −0.47 pp
2028 -1.21 +0.8 pp
2027 -2.01 +1.1 pp
2026 -3.11 −1.19 pp
2025 -1.92 −3.15 pp
2024 1.23 −0.36 pp
2023 1.59 −1.9 pp
2022 3.49 +0.41 pp
2021 3.08 −1.59 pp
2020 4.67 −5.97 pp
2019 10.63 −2.84 pp
2018 13.47 −0.62 pp
2017 14.09 +5.12 pp
2016 8.97 −4.57 pp
2015 13.54 −0.68 pp
2014 14.22 +10.79 pp
2013 3.43 +3.4 pp
2012 0.03 +3.04 pp
2011 -3.01 −2.02 pp
2010 -0.99 +0.08 pp
2009 -1.08

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.