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.

Key information about US Consolidated Fiscal Balance: % of GDP

• United States Consolidated Fiscal Balance recorded a deficit equal to 6.3 % of its Nominal GDP in Jun 2025, compared with a deficit equal to 7.0 % in the previous quarter
• US Consolidated Fiscal Balance to GDP data is updated quarterly, available from Sep 1981 to Jun 2025, with an average ratio of -2.8 %
• 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 38,040.1 USD bn in Oct 2025
• US Nominal GDP reached 7,621.4 USD bn in Jun 2025

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.

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.

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

United States - Federal Surplus or Deficit [-] as Percent of Gross Domestic Product was -6.28277 % of GDP in September of 2023, according to the United States Federal Reserve. Historically, United States - Federal Surplus or Deficit [-] as Percent of Gross Domestic Product reached a record high of 4.50401 in June of 1948 and a record low of -29.55255 in June of 1943. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Federal Surplus or Deficit [-] as Percent of Gross Domestic Product - last updated from the United States Federal Reserve on November of 2025.

Key information about United States Current Account Balance: % of GDP

• United States Current Account deficit accounted for 3.3 % of the country's Nominal GDP in Jun 2025, compared with a 5.9 % deficit in the previous quarter.
• US Current Account Balance: % of Nominal GDP data is updated quarterly, available from Mar 1960 to Jun 2025, with an average value of -0.9 %.
• The data reached an all-time high of 1.2 % in Jun 1975 and a record low of -6.3 % in Sep 2006.

CEIC calculates Current Account Balance as % of Nominal GDP from quarterly Current Account Balance and quarterly Nominal GDP. The Bureau of Economic Analysis provides Current Account Balance in USD and Nominal GDP in USD.


Key information about United States Current Account Balance: % of GDP

• In the latest reports of US, Current Account recorded a deficit of 251.3 USD bn in Jun 2025.
• Foreign Direct Investment (FDI) increased by 124.6 USD bn in Jun 2025.
• US Direct Investment Abroad fell by 4.3 USD bn in Jun 2025.
• Its Foreign Portfolio Investment increased by 452.5 USD bn in Jun 2025.
• The country's Nominal GDP was reported at 7,621.4 USD bn in Jun 2025.

Key information about Indonesia Consolidated Fiscal Balance: % of GDP

• Indonesia Consolidated Fiscal Balance recorded a deficit equal to 2.3 % of its Nominal GDP in Dec 2024, compared with a deficit equal to 3.0 % in the previous quarter
• Indonesia Consolidated Fiscal Balance to GDP data is updated quarterly, available from Dec 2014 to Dec 2024, with an average ratio of -2.3 %
• The data reached an all-time high of -1.4 % in Sep 2022 and a record low of -6.6 % in Mar 2021

CEIC calculates quarterly Consolidated Fiscal Balance as % of Nominal GDP from monthly Consolidated Fiscal Balance and quarterly Nominal GDP. The Directorate General of Treasury provides year-to-date Consolidated Fiscal Balance in local currency. Statistics Indonesia provides Nominal GDP in local currency.


Further information about Indonesia Consolidated Fiscal Balance: % of GDP

• In the latest reports, Indonesia National Government Debt reached 547.2 USD bn in Nov 2024
• Indonesia Nominal GDP reached 332.8 USD bn in Mar 2023

Key information about EU Consolidated Fiscal Balance: % of GDP

• European Union Consolidated Fiscal Balance recorded a deficit equal to 3.1 % of its Nominal GDP in Dec 2024, compared with a deficit equal to 3.4 % in the previous year
• EU Consolidated Fiscal Balance to GDP data is updated yearly, available from Dec 1995 to Dec 2024, with an average ratio of -6.1 %
• The data reached an all-time high of -0.4 % in Dec 2018 and a record low of -7.2 % in Dec 1995

CEIC calculates Consolidated Fiscal Balance as % of Nominal GDP from annual Consolidated Fiscal Balance and quarterly Nominal GDP. Eurostat provides Consolidated Fiscal Balance in EUR and Nominal GDP in EUR. European Union stands for EU27 excluding UK.


Further information about EU Consolidated Fiscal Balance: % of GDP

• In the latest reports, EU National Government Debt reached 17,710.7 USD bn in Jun 2025
• EU Nominal GDP reached 5,301.1 USD bn in Jun 2025

The average for 2024 based on 134 countries was -3.07 percent. The highest value was in Macao: 44.38 percent and the lowest value was in Kiribati: -88.61 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 Cash surplus/deficit (% of GDP) for High Income OECD Countries (GCBALCASHGDZSOEC) from 1990 to 2013 about OECD Economies, cash, budget, income, and GDP.

The statistic shows the 20 countries with the lowest national debt in 2024 in relation to the gross domestic product (GDP). The data refer to the debts of the entire state, including the central government, the provinces, municipalities, local authorities and social insurance. In 2024, Russia's estimated level of national debt reached about 20.3 percent of the GDP, ranking 16th of the countries with the lowest national debt. National debt and GDP The debt-to-GDP ratio is an indicator of a country’s ability to produce and sell goods in order to pay back any present debts, however these countries should not retain newer debts in the process. Many economists believe that if a country is able to produce more without impairing its own economical growth, it can be considered more stable, particularly for the future. However, the listed countries, with the exception of Russia and Saudi Arabia, are not necessarily economic first-world powers. Additionally, economically powerful countries such as the United States and France maintain one of the highest debt-to-GDP ratios, signifying that occurring debt does not necessarily damage the state of the economy and is sometimes necessary in order to help develop it. Saudi Arabia has maintained one of the lowest debt-to-GDP ratios due to its high export rates, which primarily consist of petroleum and petroleum goods. Given the significance of oil in today’s world, Saudi Arabia produces enough oil and earns enough revenue to maintain a high GDP and additionally refrain from incurring debt.

Key information about Hong Kong SAR (China) Consolidated Fiscal Balance: % of GDP

• Hong Kong SAR (China) Consolidated Fiscal Balance registered a surplus equal to 1.3 % of its Nominal GDP in Sep 2025, compared with a deficit equal to 1.7 % in the previous quarter
• Hong Kong SAR (China) Consolidated Fiscal Balance to GDP data is updated quarterly, available from Mar 1997 to Sep 2025, with an average ratio of 4.1 %
• The data reached an all-time high of 8.4 % in Dec 2007 and a record low of -8.6 % in Dec 2020

CEIC calculates quarterly Consolidated Fiscal Balance as % of Nominal GDP from monthly Consolidated Fiscal Balance and quarterly Nominal GDP. The Treasury provides Consolidated Fiscal Balance in local currency. Census and Statistics Department provides Nominal GDP in local currency. Consolidated Fiscal Balance as % of Nominal GDP prior to Q2 2015 is calculated from quarterly Consolidated Fiscal Balance.


Further information about Hong Kong SAR (China) Consolidated Fiscal Balance: % of GDP

• In the latest reports, Hong Kong SAR (China) National Government Debt reached 190.1 USD bn in Mar 2024
• Hong Kong SAR (China) Nominal GDP reached 109.2 USD bn in Sep 2025

The U.S. budget deficit amounted to roughly 1.8 trillion U.S. dollars in 2024, which was around 6.4 percent of the U.S. GDP. The GDP of the United States since 1990 can be accessed here.

The statistic depicts the budgetary balance in EU countries in 2024 in relation to the gross domestic product (GDP). A positive value indicates a budget surplus, while a negative value indicates a budget deficit. In 2024, Spain's budget deficit amounted to 3.2 percent of the GDP.

Graph and download economic data for Federal government budget surplus or deficit (-) (M318501Q027NBEA) from Q3 1959 to Q4 2024 about budget, federal, government, GDP, and USA.

Key information about France Consolidated Fiscal Balance: % of GDP

• France Consolidated Fiscal Balance recorded a deficit equal to 5.5 % of its Nominal GDP in Sep 2025, compared with a deficit equal to 5.7 % in the previous quarter
• France Consolidated Fiscal Balance to GDP data is updated quarterly, available from Dec 1949 to Sep 2025, with an average ratio of -2.3 %
• The data reached an all-time high of 1.5 % in Dec 1959 and a record low of -9.7 % in Mar 2021

CEIC calculates quarterly Consolidated Fiscal Balance as % of Nominal GDP from quaterly Consolidated Fiscal Balance and quaterly Nominal GDP. National Institute of Statistics and Economic Studies provides Consolidated Fiscal Balance in EUR and Nominal GDP in EUR.


Further information about France Consolidated Fiscal Balance: % of GDP

• In the latest reports, France National Government Debt reached 4,021.0 USD bn in Jun 2025
• France Nominal GDP reached 875.2 USD bn in Sep 2025

A budget deficit occurs when a country, business, or an individual has spending that is greater than the revenue received over a specific period, usually measured as a year. Romania's budget deficit accounted for *** percent of the country's GDP in 2024, the highest in the European Union.

Graph and download economic data for Federal government budget surplus or deficit (-) (M318501A027NBEA) from 1952 to 2024 about budget, federal, government, GDP, and USA.

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.