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Latin America and Caribbean 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 Saint Kitts and Nevis 3.6% of GDP 2012
2 Brazil 2.4% of GDP 2012
3 Peru 2.2% of GDP 2012
4 Bolivia 1.8% of GDP 2012
=5 Colombia 0.5% of GDP 2012
=5 Chile 0.5% of GDP 2012
7 Belize 0.0 2012
8 Nicaragua -0.2% of GDP 2012
9 Antigua and Barbuda -0.8% of GDP 2012
10 Saint Vincent and the Grenadines -1% of GDP 2012
=11 Ecuador -1.1% of GDP 2012
=11 Trinidad and Tobago -1.1% of GDP 2012
13 Paraguay -1.7% of GDP 2012
14 Panama -2.1% of GDP 2012
=15 Suriname -2.4% of GDP 2010
=15 Guatemala -2.4% of GDP 2012
17 Bermuda -2.5% of GDP 2012
18 Argentina -2.6% of GDP 2012
=19 Cayman Islands -2.7% of GDP 2012
=19 Mexico -2.7% of GDP 2012
=21 Saint Lucia -2.8% of GDP 2011
=21 Uruguay -2.8% of GDP 2012
23 El Salvador -3.5% of GDP 2012
24 Cuba -3.7% of GDP 2012
25 Jamaica -4.2% of GDP 2012
26 Costa Rica -4.5% of GDP 2012
27 Guyana -5% of GDP 2012
28 Grenada -5.2% of GDP 2009
=29 Haiti -6% of GDP 2012
=29 Honduras -6% of GDP 2012
31 The Bahamas -6.2% of GDP 2012
32 Dominican Republic -6.6% of GDP 2012
33 Barbados -8.1% of GDP 2012
34 Aruba -9.8% of GDP 2012
35 Dominica -12.4% of GDP 2012
36 Venezuela -14.8% 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/Latin-America-and-Caribbean/Economy/Budget-surplus/+-or-deficit/--

Latin America and Caribbean 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.
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