×

Europe Compared by Economy > Budget surplus > + or deficit > -

DEFINITION: This entry records the difference between national government revenues and expenditures, expressed as a percent of GDP. A positive (+) number indicates that revenues exceeded expenditures (a budget surplus), while a negative (-) number indicates the reverse (a budget deficit). Normalizing the data, by dividing the budget balance by GDP, enables easy comparisons across countries and indicates whether a national government saves or borrows money. Countries with high budget deficits (relative to their GDPs) generally have more difficulty raising funds to finance expenditures, than those with lower deficits.

CONTENTS

# COUNTRY AMOUNT DATE GRAPH HISTORY
1 Norway 14% of GDP 2012
2 Montenegro 2.4% of GDP 2012
3 Belarus 0.7% of GDP 2012
4 Azerbaijan 0.3% of GDP 2012
=5 Latvia 0.1% of GDP 2012
=5 Switzerland 0.1% of GDP 2012
=5 Germany 0.1% of GDP 2012
8 Russia -0.1% of GDP 2012
9 Estonia -0.3% of GDP 2012
10 Bulgaria -0.5% of GDP 2012
11 Sweden -0.7% of GDP 2012
12 Luxembourg -0.8% of GDP 2012
13 Monaco -1.3% of GDP 2011
=14 Andorra -1.4% of GDP 2011
=14 Austria -1.4% of GDP 2012
16 San Marino -1.5% of GDP 2011
=17 Liechtenstein -1.6% of GDP 2011
=17 Armenia -1.6% of GDP 2012
19 Poland -1.9% of GDP 2012
=20 Moldova -2.1% of GDP 2012
=20 Hungary -2.1% of GDP 2013
=20 Turkey -2.1% of GDP 2012
23 Finland -2.3% of GDP 2012
24 Romania -2.5% of GDP 2012
=25 Italy -2.9% of GDP 2012
=25 Bosnia and Herzegovina -2.9% of GDP 2012
27 Georgia -3.1% of GDP 2012
28 Slovenia -3.2% of GDP 2012
29 Croatia -3.3% of GDP 2012
=30 Malta -3.4% of GDP 2012
=30 Albania -3.4% of GDP 2012
=30 Lithuania -3.4% of GDP 2012
33 Iceland -3.5% of GDP 2012
34 Republic of Macedonia -3.9% of GDP 2012
=35 Netherlands -4.1% of GDP 2012
=35 Denmark -4.1% of GDP 2012
37 Belgium -4.2% of GDP 2012
=38 Ukraine -4.4% of GDP 2012
=38 Slovakia -4.4% of GDP 2012
40 Czech Republic -4.5% of GDP 2012
41 France -4.9% of GDP 2012
42 Kosovo -5% of GDP 2011
43 Cyprus -6.4% of GDP 2012
44 Portugal -6.5% of GDP 2012
=45 Ireland -7.6% of GDP 2012
=45 Serbia -7.6% of GDP 2012
47 United Kingdom -8.2% of GDP 2012
48 Greece -10.2% of GDP 2012
49 Spain -10.9% of GDP 2012

Citation

"Countries Compared by Economy > Budget surplus > + or deficit > -. International Statistics at NationMaster.com", CIA World Factbooks 2010, 2011, 2012, 2013. Aggregates compiled by NationMaster. Retrieved from http://www.nationmaster.com/country-info/group-stats/Europe/Economy/Budget-surplus/+-or-deficit/--

Europe Compared by Economy > Budget surplus > + or deficit > -

NationMaster

Interesting observations about Economy > Budget surplus > + or deficit > -

  • 98 of the top 189 countries by budget surplus > + or deficit > - are Christian.
  • 2 of the top 4 countries by budget surplus > + or deficit > - are Tourist destination.
  • Kuwait has ranked in the top 3 for budget surplus > + or deficit > - since 2010.
  • Macau has ranked in the top 3 for budget surplus > + or deficit > - since 2010.
  • Qatar has ranked in the top 4 for budget surplus > + or deficit > - since 2010.
  • Brazil ranked first for budget surplus > + or deficit > - amongst Emerging markets in 2012.
  • 21 of the bottom 37 countries by budget surplus > + or deficit > - are Heavily indebted.
  • San Marino has ranked in the top 4 for budget surplus > + or deficit > - since 2009.
  • 25 of the top 89 countries by budget surplus > + or deficit > - are Landlocked.
  • Norway has ranked in the top 5 for budget surplus > + or deficit > - since 2010.
Follow us on Facebook to get interesting stats: