Budget balance — all countries

Budget balance — United States

Budget balance in the United States in 2031 — -7.4%. Ranked 173 in the world out of 188. Since 2001, the indicator has fallen by 6.9 pp.

2031 -7.4% +0.1 pp vs 2030
World rank 173of 188
Period maximum -0.5%2001
Period minimum -14.1%2020

Trend over time

2001–2031 · % of GDP

Budget balance — United States, 2001–2031-15-10-50200120042007201020132016201920222025202820312001: -0.5%2002: -3.8%2003: -4.8%2004: -4.2%2005: -3.1%2006: -2%2007: -2.9%2008: -6.6%2009: -13.2%2010: -11%2011: -9.7%2012: -8.1%2013: -4.6%2014: -4%2015: -3.5%2016: -4.4%2017: -4.8%2018: -5.3%2019: -5.8%2020: -14.1%2021: -11.5%2022: -3.7%2023: -7.9%2024: -7.9%2025: -6.8%2026: -7.5%2027: -7.4%2028: -7.6%2029: -7.5%2030: -7.5%2031: -7.4%
Change over the period: −6.9 pp Annual average: -0.23 pp

Comparison, 2031

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

United States -7.4%
World computed -4.85%
High-income countries computed -4.26%
Budget balance — United States, by year United States All countries CSV XLSX
Year % Change, pp
2031 -7.4 +0.1 pp
2030 -7.5 +0 pp
2029 -7.5 +0.1 pp
2028 -7.6 −0.2 pp
2027 -7.4 +0.1 pp
2026 -7.5 −0.7 pp
2025 -6.8 +1.1 pp
2024 -7.9 +0 pp
2023 -7.9 −4.2 pp
2022 -3.7 +7.8 pp
2021 -11.5 +2.6 pp
2020 -14.1 −8.3 pp
2019 -5.8 −0.5 pp
2018 -5.3 −0.5 pp
2017 -4.8 −0.4 pp
2016 -4.4 −0.9 pp
2015 -3.5 +0.5 pp
2014 -4 +0.6 pp
2013 -4.6 +3.5 pp
2012 -8.1 +1.6 pp
2011 -9.7 +1.3 pp
2010 -11 +2.2 pp
2009 -13.2 −6.6 pp
2008 -6.6 −3.7 pp
2007 -2.9 −0.9 pp
2006 -2 +1.1 pp
2005 -3.1 +1.1 pp
2004 -4.2 +0.6 pp
2003 -4.8 −1 pp
2002 -3.8 −3.3 pp
2001 -0.5

Northern America, 2031

The same indicator for neighboring countries — with links to their pages

CA Canada -1.5 US United States -7.4

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.