Budget balance — all countries

Budget balance — United Kingdom

Budget balance in the United Kingdom in 2031 — -1.6%. Ranked 73 in the world out of 188. Since 1980, the indicator has risen by 1.2 pp.

2031 -1.6% +0.1 pp vs 2030
World rank 73of 188
Period maximum 1.4%2000
Period minimum -12.9%2020

Trend over time

1980–2031 · % of GDP

Budget balance — United Kingdom, 1980–2031-15-10-50519801986199219982004201020162022202820311980: -2.8%1981: -3.8%1982: -2.3%1983: -2.9%1984: -3.2%1985: -2.5%1986: -2.3%1987: -1.7%1988: 0.2%1989: 0.5%1990: -1.5%1991: -2.8%1992: -5.4%1993: -6.6%1994: -5.7%1995: -5%1996: -3.6%1997: -2%1998: -0.2%1999: 0.8%2000: 1.4%2001: 0.3%2002: -1.9%2003: -3.2%2004: -3.1%2005: -3.1%2006: -2.7%2007: -2.6%2008: -5%2009: -10%2010: -9.2%2011: -7.4%2012: -8%2013: -5.3%2014: -5.5%2015: -4.5%2016: -3.3%2017: -2.5%2018: -2.2%2019: -2.4%2020: -12.9%2021: -7.5%2022: -4.6%2023: -6%2024: -6.1%2025: -5.4%2026: -3.9%2027: -3.1%2028: -2.6%2029: -2%2030: -1.7%2031: -1.6%
Change over the period: +1.2 pp Annual average: 0.02 pp

Comparison, 2031

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

United Kingdom -1.6%
World computed -4.85%
Europe & Central Asia computed -2.49%
Northern Europe computed -0.84%
High-income countries computed -4.26%
Budget balance — United Kingdom, by year United Kingdom All countries CSV XLSX
Year % Change, pp
2031 -1.6 +0.1 pp
2030 -1.7 +0.3 pp
2029 -2 +0.6 pp
2028 -2.6 +0.5 pp
2027 -3.1 +0.8 pp
2026 -3.9 +1.5 pp
2025 -5.4 +0.7 pp
2024 -6.1 −0.1 pp
2023 -6 −1.4 pp
2022 -4.6 +2.9 pp
2021 -7.5 +5.4 pp
2020 -12.9 −10.5 pp
2019 -2.4 −0.2 pp
2018 -2.2 +0.3 pp
2017 -2.5 +0.8 pp
2016 -3.3 +1.2 pp
2015 -4.5 +1 pp
2014 -5.5 −0.2 pp
2013 -5.3 +2.7 pp
2012 -8 −0.6 pp
2011 -7.4 +1.8 pp
2010 -9.2 +0.8 pp
2009 -10 −5 pp
2008 -5 −2.4 pp
2007 -2.6 +0.1 pp
2006 -2.7 +0.4 pp
2005 -3.1 +0 pp
2004 -3.1 +0.1 pp
2003 -3.2 −1.3 pp
2002 -1.9 −2.2 pp
2001 0.3 −1.1 pp
2000 1.4 +0.6 pp
1999 0.8 +1 pp
1998 -0.2 +1.8 pp
1997 -2 +1.6 pp
1996 -3.6 +1.4 pp
1995 -5 +0.7 pp
1994 -5.7 +0.9 pp
1993 -6.6 −1.2 pp
1992 -5.4 −2.6 pp
1991 -2.8 −1.3 pp
1990 -1.5 −2 pp
1989 0.5 +0.3 pp
1988 0.2 +1.9 pp
1987 -1.7 +0.6 pp
1986 -2.3 +0.2 pp
1985 -2.5 +0.7 pp
1984 -3.2 −0.3 pp
1983 -2.9 −0.6 pp
1982 -2.3 +1.5 pp
1981 -3.8 −1 pp
1980 -2.8

Northern Europe, 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.