The United States had the largest account deficit of the G7 countries between 2010 and 2023. Moreover, its deficit increased sharply from 2019 to 2022, from minus 442 billion U.S. dollars to minus one trillion dollars in 2024. The account balance of the other six countries fluctuated more, with Germany having the highest positive balance at 312 billion U.S. dollars. In terms of share of gross domestic product (GDP), the United Kingdom had the highest account balance deficit of the G7.

Graph and download economic data for Federal Surplus or Deficit [-] as Percent of Gross Domestic Product (FYFSGDA188S) from 1929 to 2024 about budget, federal, GDP, and USA.

This dataset provides values for GOVERNMENT BUDGET reported in several countries. The data includes current values, previous releases, historical highs and record lows, release frequency, reported unit and currency.

The statistic depicts the budgetary balance in EU countries in 2023 in relation to the gross domestic product (GDP). A positive value indicates a budget surplus, while a negative value indicates a budget deficit. In 2023, Spain's budget deficit amounted to 3.6 percent of the GDP.

The statistic shows the budget balance in relation to GDP of the ASEAN countries in Asia between 2019 and 2029. The ASEAN (Association of Southeast Asian Nations) countries are Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, Philippines, Singapore, Thailand and Vietnam. A positive value indicates a budget surplus, a negative value indicates a deficit. In 2022, Indonesia's deficit amounted to around 2.19 percent of GDP.

Key information about US Consolidated Fiscal Balance: % of GDP

• United States Consolidated Fiscal Balance recorded a deficit equal to 7.0 % of its Nominal GDP in Dec 2024, compared with a deficit equal to 6.4 % in the previous quarter
• US Consolidated Fiscal Balance to GDP data is updated quarterly, available from Sep 1981 to Dec 2024, with an average ratio of -3.4 %
• The data reached an all-time high of 2.5 % in Dec 2000 and a record low of -19.0 % in Mar 2021

CEIC calculates quarterly Consolidated Fiscal Balance as % of Nominal GDP from monthly Consolidated Fiscal Balance and quarterly Nominal GDP. The Bureau of the Fiscal Service provides Consolidated Fiscal Balance in USD. The Bureau of Economic Analysis provides Nominal GDP in USD. Consolidated Fiscal Balance covers Central Government only.


Further information about US Consolidated Fiscal Balance: % of GDP

• In the latest reports, US National Government Debt reached 36,220.2 USD bn in Jan 2025
• US Nominal GDP reached 6,632.4 USD bn in Mar 2023

Graph and download economic data for Federal government budget surplus or deficit (-) from 1952 to 2023 about budget, federal, government, GDP, and USA.

In the fourth quarter of 2024, the average budget deficit in the European Union was 3.7 percent. All countries from the CEE region recorded a budget deficit in this period. The highest deficit was recorded in Slovakia (-10.1 percent of GDP). It was followed by Poland and Hungary, respectively.

Key information about China Consolidated Fiscal Balance: % of GDP

• China Consolidated Fiscal Balance recorded a deficit equal to 4.8 % of its Nominal GDP in Dec 2024, compared with a deficit equal to 4.9 % in the previous quarter
• China Consolidated Fiscal Balance to GDP data is updated quarterly, available from Dec 1995 to Dec 2024, with an average ratio of -2.0 %
• The data reached an all-time high of 1.4 % in Jun 2008 and a record low of -6.1 % in Dec 2020

CEIC calculates quarterly Consolidated Fiscal Balance as % of Nominal GDP from monthly Consolidated Fiscal Balance and quarterly Nominal GDP. The Ministry of Finance provides year-to-date Consolidated Fiscal Balance in local currency. The National Bureau of Statistics provides year-to-date Nominal GDP in local currency. Consolidated Fiscal Balance as % of Nominal GDP prior to Q4 2007 is calculated from non year-to-date Consolidated Fiscal Balance.


Further information about China Consolidated Fiscal Balance: % of GDP

• In the latest reports, China National Government Debt reached 4,230.0 USD bn in Dec 2023
• China Nominal GDP reached 4,166.8 USD bn in Mar 2023

In 2023, the U.S. government had a budget deficit of 1.69 trillion U.S. dollars. This is compared to 2000, when the government had a budget surplus of 0.24 trillion U.S. dollars.

U.S. Government budget

The government budget is a financial statement that demonstrates the government’s suggested revenues and spending for the financial year. Budget surpluses occur when income exceeds expenditures. Budget deficits occur when spending exceeds income. The budget balance of the U.S. government has fluctuated since 2016, and is expected to decrease slightly by 2026.

Military spending

Defense outlays in the United States amounted to 714 billion U.S. dollars in 2020. It is expected to continue to increase over the next several years. The United States currently has the largest defense budget in the world, and is the largest employer in the world. The military budget funds the Army, Marine Corps, Navy, and Air Force. The amount of funding that goes towards the Department of Defense is heavily criticized by Democrats in the United States, because they believe that the funding should be more evenly distributed towards other social welfare programs such as public health insurance and education.

Japan recorded a Government Budget deficit equal to 6.40 percent of the country's Gross Domestic Product in 2022. This dataset provides - Japan Government Budget - actual values, historical data, forecast, chart, statistics, economic calendar and news.

This dataset provides values for GOVERNMENT DEBT TO GDP reported in several countries. The data includes current values, previous releases, historical highs and record lows, release frequency, reported unit and currency.

The U.S. budget deficit amounted to roughly 1.7 trillion U.S. dollars in 2023, which was around 6.3 percent of the U.S. GDP. The forecast predicts a state deficit of about 2.58 trillion U.S. dollars in 2034, which would be about 6.2 percent of the U.S. GDP. The GDP of the United States since 1990 can be accessed here.

Graph and download economic data for Federal Budget Surplus or Deficit for the United States (M1525EUSM144NNBR) from Jul 1945 to Dec 1962 about budget, federal, and USA.

Ukraine Govt Finance: Consolidated Budget: Deficit: in % of GDP data was reported at 4.600 % in 2014. This records an increase from the previous number of 4.200 % for 2013. Ukraine Govt Finance: Consolidated Budget: Deficit: in % of GDP data is updated yearly, averaging 3.200 % from Dec 1992 (Median) to 2014, with 23 observations. The data reached an all-time high of 13.800 % in 1992 and a record low of 0.200 % in 2003. Ukraine Govt Finance: Consolidated Budget: Deficit: in % of GDP data remains active status in CEIC and is reported by National Bank of Ukraine. The data is categorized under Global Database’s Ukraine – Table UA.F007: Government Finance.

Indonesia Government Budget Deficit or Surplus data was reported at -269,442.940 IDR bn in 2018. This records an increase from the previous number of -340,975.898 IDR bn for 2017. Indonesia Government Budget Deficit or Surplus data is updated yearly, averaging -49,843.825 IDR bn from Dec 2000 (Median) to 2018, with 19 observations. The data reached an all-time high of -4,121.318 IDR bn in 2008 and a record low of -340,975.898 IDR bn in 2017. Indonesia Government Budget Deficit or Surplus data remains active status in CEIC and is reported by The Audit Board of The Republic of Indonesia. The data is categorized under Global Database’s Indonesia – Table ID.FA003: Government Budget: Realization.

Graph and download economic data for Federal Surplus or Deficit - from Oct 1980 to Jan 2025 about budget, federal, and USA.

Key information about Peru Consolidated Fiscal Balance: % of GDP

• Peru Consolidated Fiscal Balance recorded a deficit equal to 3.6 % of its Nominal GDP in Dec 2024, compared with a deficit equal to 4.2 % in the previous quarter
• Peru Consolidated Fiscal Balance to GDP data is updated quarterly, available from Dec 1990 to Dec 2024, with an average ratio of -1.6 %
• The data reached an all-time high of 3.2 % in Sep 2007 and a record low of -8.3 % in Mar 2021

CEIC calculates quarterly Consolidated Fiscal Balance as % of Nominal GDP from quarterly Consolidated Fiscal Balance and quarterly Nominal GDP. The Central Reserve Bank of Peru provides Consolidated Fiscal Balance in local currency and Nominal GDP in local currency. Consolidated Fiscal Balance includes Central Government Operations (Budgetary and Extra-budgetary), Social Security, Decentralized Institutions and Local Government.


Further information about Peru Consolidated Fiscal Balance: % of GDP

• In the latest reports, Peru National Government Debt reached 94.3 USD bn in Dec 2024
• Peru Nominal GDP reached 60.3 USD bn in Mar 2023

Iran recorded a Government Budget deficit equal to 5.50 percent of the country's Gross Domestic Product in 2023. This dataset provides - Iran Government Budget - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Pakistan Fiscal Operations: Budget Deficit data was reported at -2,260.400 PKR bn in 2018. This records a decrease from the previous number of -1,863.800 PKR bn for 2017. Pakistan Fiscal Operations: Budget Deficit data is updated yearly, averaging -929.400 PKR bn from Jun 2010 (Median) to 2018, with 9 observations. The data reached an all-time high of 1,833.900 PKR bn in 2013 and a record low of -2,260.400 PKR bn in 2018. Pakistan Fiscal Operations: Budget Deficit data remains active status in CEIC and is reported by State Bank of Pakistan. The data is categorized under Global Database’s Pakistan – Table PK.F007: Consolidated Federal and Provincial Budgetary Operations (Annual).