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 average for 2022 based on 174 countries was 59.99 percent. The highest value was in Japan: 236.58 percent and the lowest value was in Liechtenstein: 0.5 percent. The indicator is available from 1960 to 2024. Below is a chart for all countries where data are available.

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

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 *** billion U.S. dollars to minus ************ dollars in 2024. The account balance of the other six countries fluctuated more, with Germany having the highest positive balance at *** 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.

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.

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.

As an effect of the coronavirus (COVID-19) pandemic, governmental expenditures increased worldwide and so did the fiscal deficits. In 2020, global fiscal deficit made up **** percent of the global GDP. The United States was the world region where the fiscal deficit was the highest relative to GDP, amounting to around **** percent. Estimations for 2021 show that the figures will remain relatively high worldwide, but should decrease in 2022.

Key information about Japan Consolidated Fiscal Balance: % of GDP

• Japan Consolidated Fiscal Balance recorded a deficit equal to 6.2 % of its Nominal GDP in Mar 2024, compared with a deficit equal to 11.6 % in the previous year
• Japan Consolidated Fiscal Balance to GDP data is updated yearly, available from Mar 1996 to Mar 2024, with an average ratio of -6.8 %
• The data reached an all-time high of -3.5 % in Mar 1998 and a record low of -14.8 % in Mar 2021

The Ministry of Finance provides annual Consolidated Fiscal Balance as % of Nominal GDP. Consolidated Fiscal Balance is calculated as Total Revenue excluding Revenue from Government Bond less Expenditure. Consolidated Fiscal Balance for current and coming fiscal years is forecasted. The forecast for the current year is revised when the official Consolidated Fiscal Balance is released. Nominal GDP prior to 2012 is based on SNA 1993. Consolidated Fiscal Balance as % of Nominal GDP is in annual frequency, ending in March of each year.


Further information about Japan Consolidated Fiscal Balance: % of GDP

• In the latest reports, Japan National Government Debt reached 9,396.6 USD bn in Apr 2023
• Japan Nominal GDP reached 1,080.1 USD bn in Mar 2023

Graph and download economic data for Federal government budget surplus or deficit (-) (M318501Q027NBEA) from Q3 1959 to Q4 2023 about budget, federal, government, GDP, and USA.

France recorded a Government Budget deficit equal to 5.80 percent of the country's Gross Domestic Product in 2024. This dataset provides the latest reported value for - France Government Budget - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

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

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

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.

Brazil recorded a Government Budget deficit equal to 8.50 percent of the country's Gross Domestic Product in 2024. This dataset provides - Brazil Government Budget - actual values, historical data, forecast, chart, statistics, economic calendar and news.

United States Federal Government Surplus or Deficit: Off Budget data was reported at -12.284 USD bn in Oct 2018. This records a decrease from the previous number of 18.020 USD bn for Sep 2018. United States Federal Government Surplus or Deficit: Off Budget data is updated monthly, averaging 2.780 USD bn from Oct 1984 (Median) to Oct 2018, with 409 observations. The data reached an all-time high of 63.168 USD bn in Jun 2008 and a record low of -38.457 USD bn in Aug 2012. United States Federal Government Surplus or Deficit: Off Budget data remains active status in CEIC and is reported by Bureau of the Fiscal Service. The data is categorized under Global Database’s United States – Table US.F001: Federal Government Receipts & Outlays.

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.

In the fourth quarter of 2024, the average budget deficit in the European Union was 3.4 percent. Nearly all countries from the CEE region (except for Bulgaria, Latvia, Slovenia) recorded a budget deficit in this period. The highest deficit was recorded in Romania (-9.9 percent of GDP). It was followed by Slovakia and Poland, respectively.

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.

The average for 2025 based on 81 countries was -3.05 percent. The highest value was in Cyprus: 2.87 percent and the lowest value was in Egypt: -12.13 percent. The indicator is available from 1980 to 2030. Below is a chart for all countries where data are available.