Cyclically adjusted primary balance, General government, Percent of potential GDP by country
Fiscal Monitor (FM) 2025 October
Countries reporting
86
Highest
4.49
Barbados
Lowest
-12.4
Norway
Median
-0.2797
Years covered
40
1991–2030
Data points
3,288
What the numbers show
Cyclically adjusted primary balance, General government, Percent of potential GDP is currently reported for 86 countries. The highest value is 4.49 in Barbados; the lowest is -12.4 in Norway.
The median across all reporting countries is -0.2797, and the mean is -0.3917.
Over the past decade 75 countries rose and 11 fell. The largest increase was in El Salvador (up 6,461.0%), and the largest decrease in Denmark (down 159.3%).
Cyclically adjusted primary balance, General government, Percent of: full country ranking
| # | Country | Latest | Year | 10-year change | Trend |
|---|---|---|---|---|---|
| 1 | Barbados | 4.49 | 2030 | up 769.9% | volatile |
| 2 | Mauritius | 4.37 | 2030 | up 143.0% | volatile |
| 3 | Sao Tome and Principe | 4.16 | 2030 | up 26.5% | volatile |
| 4 | El Salvador | 3.7 | 2030 | up 6,461.0% | volatile |
| 5 | Egypt | 3.5 | 2030 | up 189.4% | volatile |
| 6 | Argentina | 3.39 | 2030 | up 222.5% | volatile |
| 7 | Suriname | 3.22 | 2030 | up 143.0% | volatile |
| 8 | Qatar | 3.08 | 2030 | up 153.6% | volatile |
| 9 | Ecuador | 2.41 | 2030 | up 170.6% | volatile |
| 10 | New Zealand | 2.01 | 2030 | up 149.2% | volatile |
| 11 | Greece | 1.98 | 2030 | up 73.1% | volatile |
| 12 | Cyprus | 1.96 | 2030 | up 278.7% | volatile |
| 13 | Italy | 1.96 | 2030 | up 581.1% | volatile |
| 14 | Angola | 1.87 | 2030 | down 64.9% | volatile |
| 15 | Iceland | 1.76 | 2030 | up 155.1% | volatile |
| 16 | Mexico | 1.75 | 2030 | up 174.8% | volatile |
| 17 | Ukraine | 1.71 | 2030 | up 208.7% | volatile |
| 18 | Grenada | 1.61 | 2030 | up 608.1% | volatile |
| 19 | Costa Rica | 1.48 | 2030 | up 147.3% | volatile |
| 20 | Brazil | 1.39 | 2030 | up 123.4% | volatile |
| 21 | Panama | 1.3 | 2030 | up 136.6% | volatile |
| 22 | Ireland | 1.28 | 2030 | up 139.5% | volatile |
| 23 | Dominican Republic | 1.22 | 2030 | up 127.7% | volatile |
| 24 | Colombia | 1.2 | 2030 | up 218.4% | volatile |
| 25 | Belarus | 1.19 | 2030 | up 197.9% | volatile |
| 26 | Ghana | 1.01 | 2030 | up 111.4% | volatile |
| 27 | Gambia | 1 | 2030 | down 3.5% | volatile |
| 28 | Philippines | 0.8735 | 2030 | up 152.2% | volatile |
| 29 | Jordan | 0.8203 | 2030 | up 132.8% | volatile |
| 30 | United Kingdom of Great Britain and Northern Ireland | 0.706 | 2030 | up 107.1% | volatile |
| 31 | Portugal | 0.6828 | 2030 | up 209.1% | volatile |
| 32 | South Africa | 0.6301 | 2030 | up 123.4% | volatile |
| 33 | Spain | 0.6025 | 2030 | up 128.3% | volatile |
| 34 | Uruguay | 0.4596 | 2030 | up 186.4% | volatile |
| 35 | Paraguay | 0.4457 | 2030 | up 111.4% | volatile |
| 36 | Hungary | 0.2457 | 2030 | up 106.0% | volatile |
| 37 | Hong Kong, China | 0.2296 | 2030 | up 103.1% | volatile |
| 38 | Switzerland | 0.1599 | 2030 | up 107.0% | volatile |
| 39 | Chile | 0.137 | 2030 | up 112.9% | volatile |
| 40 | North Macedonia | -0.0024 | 2030 | up 100.0% | volatile |
| 41 | Sweden | -0.1376 | 2030 | up 94.6% | volatile |
| 42 | Serbia | -0.165 | 2030 | up 96.7% | volatile |
| 43 | Indonesia | -0.2282 | 2030 | up 93.1% | volatile |
| 44 | Guyana | -0.3313 | 2030 | up 93.8% | volatile |
| 45 | Türkiye | -0.5758 | 2030 | up 59.4% | volatile |
| 46 | Georgia | -0.6546 | 2030 | up 88.2% | volatile |
| 47 | Republic of Korea | -0.8262 | 2030 | up 56.0% | volatile |
| 48 | Russian Federation | -0.8425 | 2030 | up 79.6% | volatile |
| 49 | Canada | -0.8652 | 2030 | up 90.1% | volatile |
| 50 | Morocco | -0.933 | 2030 | up 69.6% | volatile |
| 51 | Thailand | -0.9981 | 2030 | up 62.0% | volatile |
| 52 | Peru | -1.02 | 2030 | up 80.3% | volatile |
| 53 | Guatemala | -1.02 | 2030 | up 61.1% | volatile |
| 54 | Denmark | -1.15 | 2030 | down 159.3% | volatile |
| 55 | Tunisia | -1.16 | 2030 | up 78.1% | volatile |
| 56 | Malaysia | -1.23 | 2030 | up 43.8% | volatile |
| 57 | Bosnia and Herzegovina | -1.24 | 2030 | up 30.2% | volatile |
| 58 | Malta | -1.24 | 2030 | up 69.7% | volatile |
| 59 | Slovenia | -1.45 | 2030 | up 68.4% | volatile |
| 60 | Kosovo | -1.49 | 2030 | up 73.3% | volatile |
| 61 | Israel | -1.52 | 2030 | up 76.8% | volatile |
| 62 | Croatia | -1.54 | 2030 | up 59.0% | volatile |
| 63 | Australia | -1.56 | 2030 | up 79.4% | volatile |
| 64 | Austria | -1.6 | 2030 | up 73.5% | volatile |
| 65 | Netherlands | -1.61 | 2030 | down 146.4% | volatile |
| 66 | India | -1.63 | 2030 | up 35.8% | rising |
| 67 | Luxembourg | -1.91 | 2030 | down 41.3% | volatile |
| 68 | Bulgaria | -2.08 | 2030 | down 61.2% | volatile |
| 69 | Romania | -2.1 | 2030 | up 73.3% | volatile |
| 70 | Poland | -2.25 | 2030 | up 44.9% | volatile |
| 71 | Estonia | -2.29 | 2030 | up 56.4% | volatile |
| 72 | Lithuania | -2.39 | 2030 | up 54.1% | volatile |
| 73 | Japan | -2.46 | 2030 | up 67.2% | rising |
| 74 | Finland | -2.69 | 2030 | up 38.9% | volatile |
| 75 | Germany | -2.73 | 2030 | down 8.9% | volatile |
| 76 | Latvia | -2.73 | 2030 | down 55.9% | volatile |
| 77 | France | -2.97 | 2030 | up 37.4% | volatile |
| 78 | Lebanon | -3.1 | 2030 | up 65.1% | volatile |
| 79 | Czechia | -3.13 | 2030 | up 6.9% | volatile |
| 80 | Botswana | -3.39 | 2030 | up 62.6% | volatile |
| 81 | United States of America | -3.4 | 2030 | up 59.9% | volatile |
| 82 | Belgium | -3.56 | 2030 | up 27.3% | volatile |
| 83 | Slovakia | -4.11 | 2030 | down 32.1% | volatile |
| 84 | China | -6.08 | 2030 | up 16.3% | volatile |
| 85 | Algeria | -6.88 | 2030 | down 15.5% | volatile |
| 86 | Norway | -12.4 | 2030 | down 2.2% | falling |
Regions and income groups
Aggregates are excluded from the country ranking above so that a region can never outrank a country.
- Emerging Market and Middle-Income Latin America 1.46
- G7 -2.52
- Low-Income Developing Sub-Saharan Africa 1.05
- Emerging Market and Middle-Income Middle East and North Africa and Pakistan 0.5289
- Emerging Market and Middle-Income Europe -0.9689
- Euro Area (EA) -1.33
- Oil Producers -1.76
- Advanced economies -2.21
- Advanced G20 -2.43
- World -2.52
- G20 -2.88
- Emerging Market and Middle-Income Economies -2.98
- Emerging G20 -3.52
- Emerging Market and Middle-Income Asia -4.64
About this data
Fiscal Monitor (FM) 2025 October