Cyclically adjusted balance, General government, Percent of potential GDP by country
Fiscal Monitor (FM) 2025 October
Countries reporting
88
Highest
3.63
Sao Tome and Principe
Lowest
-10.33
Norway
Median
-2.33
Years covered
40
1991–2030
Data points
3,388
What the numbers show
Cyclically adjusted balance, General government, Percent of potential GDP is currently reported for 88 countries. The highest value is 3.63 in Sao Tome and Principe; the lowest is -10.33 in Norway.
The median across all reporting countries is -2.33, and the mean is -2.52.
Over the past decade 75 countries rose and 13 fell. The largest increase was in Cyprus (up 140.9%), and the largest decrease in Angola (down 2,719.7%).
Cyclically adjusted balance, General government, Percent of potential: full country ranking
| # | Country | Latest | Year | 10-year change | Trend |
|---|---|---|---|---|---|
| 1 | Sao Tome and Principe | 3.63 | 2030 | up 23.6% | volatile |
| 2 | Mauritius | 2.42 | 2030 | up 119.2% | volatile |
| 3 | Qatar | 2 | 2030 | up 126.7% | volatile |
| 4 | Ecuador | 1.32 | 2030 | up 126.7% | volatile |
| 5 | Cyprus | 1.03 | 2030 | up 140.9% | volatile |
| 6 | Argentina | 0.8011 | 2030 | up 116.1% | volatile |
| 7 | Ireland | 0.7896 | 2030 | up 118.7% | volatile |
| 8 | Hong Kong | 0.5359 | 2030 | up 109.6% | volatile |
| 9 | Barbados | 0.5281 | 2030 | up 116.0% | volatile |
| 10 | Taiwan | 0.4666 | 2030 | up 117.5% | volatile |
| 11 | Suriname | 0.4113 | 2030 | up 103.8% | volatile |
| 12 | Grenada | 0.3234 | 2030 | up 115.3% | volatile |
| 13 | Switzerland | 0.1028 | 2030 | up 104.4% | volatile |
| 14 | Belarus | 0.0213 | 2030 | up 100.7% | volatile |
| 15 | New Zealand | 0.0058 | 2030 | up 100.1% | volatile |
| 16 | Sweden | -0.031 | 2030 | up 98.8% | volatile |
| 17 | Iceland | -0.0362 | 2030 | up 99.3% | volatile |
| 18 | Denmark | -0.5452 | 2030 | down 124.4% | volatile |
| 19 | Gambia | -0.6498 | 2030 | up 69.2% | volatile |
| 20 | Guyana | -0.6739 | 2030 | up 88.6% | volatile |
| 21 | Singapore | -0.7257 | 2030 | up 90.9% | volatile |
| 22 | Portugal | -0.903 | 2030 | up 62.1% | volatile |
| 23 | Chile | -0.9265 | 2030 | up 40.3% | volatile |
| 24 | South Korea | -1.02 | 2030 | up 28.7% | volatile |
| 25 | Paraguay | -1.29 | 2030 | up 74.0% | volatile |
| 26 | Greece | -1.38 | 2030 | up 1.5% | volatile |
| 27 | Canada | -1.45 | 2030 | up 84.4% | volatile |
| 28 | Panama | -1.5 | 2030 | up 72.0% | volatile |
| 29 | El Salvador | -1.63 | 2030 | up 60.0% | rising |
| 30 | Philippines | -1.8 | 2030 | up 45.9% | volatile |
| 31 | Angola | -1.92 | 2030 | down 2,719.7% | volatile |
| 32 | Peru | -1.96 | 2030 | up 69.8% | volatile |
| 33 | Serbia | -2 | 2030 | up 71.0% | volatile |
| 34 | Spain | -2.02 | 2030 | up 49.4% | volatile |
| 35 | Uruguay | -2.05 | 2030 | up 31.1% | volatile |
| 36 | Russia | -2.09 | 2030 | up 52.2% | volatile |
| 37 | Costa Rica | -2.12 | 2030 | up 72.0% | falling |
| 38 | Kosovo | -2.15 | 2030 | up 63.5% | volatile |
| 39 | Colombia | -2.16 | 2030 | up 34.2% | volatile |
| 40 | United Kingdom | -2.19 | 2030 | up 80.2% | volatile |
| 41 | Georgia | -2.2 | 2030 | up 68.5% | volatile |
| 42 | Dominican Republic | -2.25 | 2030 | up 69.7% | falling |
| 43 | Ukraine | -2.26 | 2030 | up 48.2% | volatile |
| 44 | Luxembourg | -2.31 | 2030 | down 105.0% | volatile |
| 45 | Italy | -2.35 | 2030 | up 29.3% | volatile |
| 46 | Thailand | -2.4 | 2030 | up 32.7% | volatile |
| 47 | Australia | -2.47 | 2030 | up 70.7% | volatile |
| 48 | Croatia | -2.5 | 2030 | up 54.5% | volatile |
| 49 | North Macedonia | -2.53 | 2030 | up 63.3% | falling |
| 50 | Ghana | -2.54 | 2030 | up 83.2% | volatile |
| 51 | Bosnia and Herzegovina | -2.56 | 2030 | down 3.4% | volatile |
| 52 | Malta | -2.61 | 2030 | up 49.7% | volatile |
| 53 | Netherlands | -2.66 | 2030 | down 129.2% | volatile |
| 54 | Indonesia | -2.71 | 2030 | up 48.4% | volatile |
| 55 | Estonia | -2.79 | 2030 | up 47.3% | volatile |
| 56 | Slovenia | -2.84 | 2030 | up 52.3% | volatile |
| 57 | Jordan | -2.92 | 2030 | up 54.1% | volatile |
| 58 | Guatemala | -2.96 | 2030 | up 29.9% | falling |
| 59 | Mexico | -3 | 2030 | up 17.2% | falling |
| 60 | Morocco | -3.08 | 2030 | up 44.6% | falling |
| 61 | Bulgaria | -3.14 | 2030 | down 123.5% | volatile |
| 62 | Turkey | -3.44 | 2030 | down 10.5% | volatile |
| 63 | Egypt | -3.51 | 2030 | up 52.8% | rising |
| 64 | Malaysia | -3.62 | 2030 | up 7.9% | volatile |
| 65 | Austria | -3.62 | 2030 | up 49.2% | volatile |
| 66 | Czechia | -3.81 | 2030 | up 2.7% | volatile |
| 67 | Lithuania | -3.85 | 2030 | up 34.6% | volatile |
| 68 | Finland | -4.05 | 2030 | up 9.3% | volatile |
| 69 | Latvia | -4.32 | 2030 | down 64.4% | volatile |
| 70 | Germany | -4.35 | 2030 | down 47.1% | volatile |
| 71 | Japan | -4.38 | 2030 | up 46.2% | rising |
| 72 | Hungary | -4.45 | 2030 | up 28.8% | rising |
| 73 | Israel | -4.49 | 2030 | up 45.7% | volatile |
| 74 | Brazil | -4.62 | 2030 | up 53.3% | falling |
| 75 | South Africa | -4.68 | 2030 | up 28.8% | volatile |
| 76 | Poland | -5.02 | 2030 | up 6.3% | falling |
| 77 | Romania | -5.02 | 2030 | up 45.3% | volatile |
| 78 | Lebanon | -5.58 | 2030 | up 51.4% | rising |
| 79 | Slovakia | -5.78 | 2030 | down 41.6% | volatile |
| 80 | Tunisia | -5.95 | 2030 | up 28.1% | falling |
| 81 | Botswana | -6.34 | 2030 | up 34.3% | volatile |
| 82 | France | -6.38 | 2030 | down 7.1% | falling |
| 83 | Belgium | -6.4 | 2030 | up 1.9% | volatile |
| 84 | India | -6.63 | 2030 | up 12.7% | rising |
| 85 | United States | -7.55 | 2030 | up 27.8% | falling |
| 86 | China | -7.99 | 2030 | up 2.3% | volatile |
| 87 | Algeria | -9.32 | 2030 | down 38.1% | volatile |
| 88 | Norway | -10.33 | 2030 | down 1.5% | volatile |
Regions and income groups
Aggregates are excluded from the country ranking above so that a region can never outrank a country.
- Low-Income Developing Sub-Saharan Africa -2.42
- G7 -5.94
- Oil Producers -2.54
- Emerging Market and Middle-Income Latin America -2.77
- Emerging Market and Middle-Income Europe -3.24
- Emerging Market and Middle-Income Middle East and North Africa and Pakistan -3.5
- Euro Area (EA) -3.75
- Advanced economies -4.98
- World -5.3
- Advanced G20 -5.66
- Emerging Market and Middle-Income Economies -5.79
- G20 -5.94
- Emerging G20 -6.34
- Emerging Market and Middle-Income Asia -7.15
About this data
Fiscal Monitor (FM) 2025 October