Budget balance — all countries

Budget balance — Western Europe

Budget balance in Western Europe in 2031 — -3.11%. Since 1988, the indicator has fallen by 0.18 pp.

2031 -3.11% +0.16 pp vs 2030
World rank
Period maximum 0.36%2018
Period minimum -7.18%1995

Trend over time

1988–2031 · % of GDP

Budget balance — Western Europe, 1988–2031-8-6-4-20219881993199820032008201320182023202820311988: -2.93%1989: -2.6%1990: -2.84%1991: -3.14%1992: -3.53%1993: -4.37%1994: -3.71%1995: -7.18%1996: -3.48%1997: -2.96%1998: -2.25%1999: -1.5%2000: -1.09%2001: -1.8%2002: -3.12%2003: -3.47%2004: -3.06%2005: -2.88%2006: -1.65%2007: -0.84%2008: -1.23%2009: -4.68%2010: -4.99%2011: -2.68%2012: -2.32%2013: -2.03%2014: -1.57%2015: -1.06%2016: -0.8%2017: -0.29%2018: 0.36%2019: 0.07%2020: -5.91%2021: -4.05%2022: -2.37%2023: -2.95%2024: -3.26%2025: -3.21%2026: -3.7%2027: -3.74%2028: -3.58%2029: -3.4%2030: -3.27%2031: -3.11%
Change over the period: −0.18 pp Annual average: 0 pp

Comparison, 2031

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

Western Europe -3.11%
World computed -4.85%
Budget balance — Western Europe, by year Western Europe All countries CSV XLSX
Year % Change, pp
2031 -3.11 +0.16 pp
2030 -3.27 +0.13 pp
2029 -3.4 +0.18 pp
2028 -3.58 +0.17 pp
2027 -3.74 −0.04 pp
2026 -3.7 −0.49 pp
2025 -3.21 +0.05 pp
2024 -3.26 −0.31 pp
2023 -2.95 −0.57 pp
2022 -2.37 +1.67 pp
2021 -4.05 +1.87 pp
2020 -5.91 −5.99 pp
2019 0.07 −0.29 pp
2018 0.36 +0.65 pp
2017 -0.29 +0.52 pp
2016 -0.8 +0.25 pp
2015 -1.06 +0.52 pp
2014 -1.57 +0.46 pp
2013 -2.03 +0.29 pp
2012 -2.32 +0.36 pp
2011 -2.68 +2.3 pp
2010 -4.99 −0.3 pp
2009 -4.68 −3.45 pp
2008 -1.23 −0.4 pp
2007 -0.84 +0.81 pp
2006 -1.65 +1.23 pp
2005 -2.88 +0.18 pp
2004 -3.06 +0.4 pp
2003 -3.47 −0.35 pp
2002 -3.12 −1.32 pp
2001 -1.8 −0.71 pp
2000 -1.09 +0.41 pp
1999 -1.5 +0.74 pp
1998 -2.25 +0.71 pp
1997 -2.96 +0.52 pp
1996 -3.48 +3.7 pp
1995 -7.18 −3.46 pp
1994 -3.71 +0.66 pp
1993 -4.37 −0.84 pp
1992 -3.53 −0.39 pp
1991 -3.14 −0.3 pp
1990 -2.84 −0.24 pp
1989 -2.6 +0.33 pp
1988 -2.93

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.