Budget balance — all countries

Budget balance — Northern Europe

Budget balance in Northern Europe in 2031 — -0.84%. Since 1995, the indicator has risen by 3.67 pp.

2031 -0.84% +0 pp vs 2030
World rank
Period maximum 2.89%2000
Period minimum -8.69%2020

Trend over time

1995–2031 · % of GDP

Budget balance — Northern Europe, 1995–2031-10-50519951999200320072011201520192023202720311995: -4.51%1996: -2.62%1997: -1.1%1998: 0.25%1999: 1.2%2000: 2.89%2001: 1.59%2002: -0.56%2003: -1.53%2004: -0.89%2005: -0.05%2006: 0.67%2007: 0.74%2008: -1.06%2009: -6.3%2010: -6.36%2011: -3.8%2012: -4.05%2013: -2.63%2014: -2.91%2015: -2.63%2016: -1.6%2017: -0.8%2018: -0.49%2019: -0.53%2020: -8.69%2021: -3.36%2022: 0.51%2023: -2.01%2024: -2.27%2025: -2.45%2026: -1.89%2027: -1.57%2028: -1.29%2029: -0.95%2030: -0.84%2031: -0.84%
Change over the period: +3.67 pp Annual average: 0.1 pp

Comparison, 2031

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

Northern Europe -0.84%
World computed -4.85%
Budget balance — Northern Europe, by year Northern Europe All countries CSV XLSX
Year % Change, pp
2031 -0.84 +0 pp
2030 -0.84 +0.11 pp
2029 -0.95 +0.34 pp
2028 -1.29 +0.28 pp
2027 -1.57 +0.32 pp
2026 -1.89 +0.57 pp
2025 -2.45 −0.19 pp
2024 -2.27 −0.26 pp
2023 -2.01 −2.52 pp
2022 0.51 +3.87 pp
2021 -3.36 +5.33 pp
2020 -8.69 −8.16 pp
2019 -0.53 −0.04 pp
2018 -0.49 +0.31 pp
2017 -0.8 +0.8 pp
2016 -1.6 +1.03 pp
2015 -2.63 +0.28 pp
2014 -2.91 −0.28 pp
2013 -2.63 +1.42 pp
2012 -4.05 −0.25 pp
2011 -3.8 +2.56 pp
2010 -6.36 −0.06 pp
2009 -6.3 −5.24 pp
2008 -1.06 −1.8 pp
2007 0.74 +0.07 pp
2006 0.67 +0.72 pp
2005 -0.05 +0.84 pp
2004 -0.89 +0.64 pp
2003 -1.53 −0.96 pp
2002 -0.56 −2.16 pp
2001 1.59 −1.3 pp
2000 2.89 +1.69 pp
1999 1.2 +0.95 pp
1998 0.25 +1.35 pp
1997 -1.1 +1.53 pp
1996 -2.62 +1.89 pp
1995 -4.51

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.