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List of countries by government budget

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List of countries by government budget

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This is the list of countries by government budget. The list includes sovereign states and self-governing dependent territories based upon the ISO standard ISO 3166-1. The following tables show the governmental budget balance, in millions of US dollars or millions of local currency units (LCU, the most commonly used in the country) and as percentage of GDP, based on data published by International Monetary Fund, World Bank, and Central Intelligence Agency.

According to International Monetary Fund, "revenue consists of taxes, social contributions, grants receivable, and other revenue. Revenue increases government's net worth, which is the difference between its assets and liabilities (GFSM 2001, paragraph 4.20). Total expenditure consists of total expense and the net acquisition of nonfinancial assets. Apart from being on an accrual basis, total expenditure differs from the GFSM 1986 definition of total expenditure in the sense that it also takes the disposals of nonfinancial assets into account. Net lending (+) / borrowing (−) is calculated as revenue minus total expenditure. This is a core GFS balance that measures the extent to which general government is either putting financial resources at the disposal of other sectors in the economy and non-residents (net lending), or utilizing the financial resources generated by other sectors and non-residents (net borrowing). This balance may be viewed as an indicator of the financial impact of general government activity on the rest of the economy and non-residents (GFSM 2001, paragraph 4.17). Net lending (+)/borrowing (−) is also equal to net acquisition of financial assets minus net incurrence of liabilities."

According to World Bank, "revenue is cash receipts from taxes, social contributions, and other revenues such as fines, fees, rent, and income from property or sales. Grants are also considered as revenue but are excluded here. Grants and other revenue include grants from other foreign governments, international organizations, and other government units; interest; dividends; rent; requited, nonrepayable receipts for public purposes (such as fines, administrative fees, and entrepreneurial income from government ownership of property); and voluntary, unrequited, nonrepayable receipts other than grants. Expense is cash payments for operating activities of the government in providing goods and services. It includes compensation of employees (such as wages and salaries), interest and subsidies, grants, social benefits, and other expenses such as rent and dividends."

According to Central Intelligence Agency, "budget surplus (+) or deficit (−) records the difference between national government revenues and expenditures, expressed as a percent of GDP. A positive (+) number indicates that revenues exceeded expenditures (a budget surplus), while a negative (−) number indicates the reverse (a budget deficit). Normalizing the data, by dividing the budget balance by GDP, enables easy comparisons across countries and indicates whether a national government saves or borrows money. Countries with high budget deficits (relative to their GDPs) generally have more difficulty raising funds to finance expenditures, than those with lower deficits."

International Monetary Fund

In the following table, for each country or territory, governments' revenue, expenditure, and net lending (+)/borrowing (-) figures from the IMF are shown, expressed as a percentage of GDP and in current USD, calculated on an exchange rate basis, i.e., not in purchasing power parity (PPP) terms. Sorting is alphabetical by ISO 3166-1 alpha-3 country code.

Values are based upon GDP in national currency converted to U.S. dollars using market exchange rates (yearly average). Exchange rate projections are provided by country economists for the group of other emerging market and developing countries. Exchanges rates for advanced economies are established in the WEO assumptions for each WEO exercise. Expenditure-based GDP is total final expenditures at purchasers' prices (including the f.o.b. value of exports of goods and services), less the f.o.b. value of imports of goods and services.

Country/Territory
Region/GroupGDP (billion USD)RevenueExpenditureGeneral net lending/borrowingYearbillion USD% of GDPbillion USD% of GDPbillion USD% of GDP
4.262025
2.932025
2025
2025
2024
2024
2024
2024
2024
2024
2024
2024
2024
2024
2024
2024
2024
2024
2024
2024
2024
2024
2024
2024
2024
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2024
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2024
2024
2024
2024
2024
2024
2024
2024
2024
2024
2024
2024
2024
2020
2024
2024
2024
2024
2024
2024
2024
2024
2024
2024
2024
2024
2024
2024
2024
2024
2024
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2024
2024
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2024
2024
2024
2024
2023
2024
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2024
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2024
2024
2024
2024
2020
2024
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2024
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2024
2024
2024
2024
2024
2024
2024
2024
2022
2024
2024
2024
2024
2024
2024
2024
2024
2024
2010
2024
2024
2024
2024
2024
2024
2024
2024
2024
2024
2024
2024
2024
2024
2024
2024
2024
Kosovo Kosovo2024
2024
2024
2024
2024
2024
2024
2024
2024
2024
2024
2024

World Bank

In the following table, for each country or territory, revenue, grants, and expense figures from World Bank are shown, expressed in million current local currency units (LCUs) and as a percentage of GDP. Sorting is alphabetical by ISO 3166-1 alpha-3 country code.

Country/Territory
Region/GroupRevenuecolspan="2"Grantscolspan="2"Expensecolspan="2" style="background-color:#dfdfdf;"Balancerowspan="2"Yearmillion LCUdata-sort-type="number"% of GDPdata-sort-type="number"million LCUdata-sort-type="number"% of GDPdata-sort-type="number"million LCUdata-sort-type="number"% of GDPdata-sort-type="number" style="background-color:#dfdfdf;"million LCUdata-sort-type="number" style="background-color:#dfdfdf;"% of GDP
UN WORLD
Small Island Developing States (SIDS)
SIDS: Pacific
Least developed countries (LDCs)
Low & middle income economies (WB)
Middle-income economies (WB)
Lower middle income economies (WB)
Upper middle income economies (WB)
High-income economies (WB)
European Union
Organisation for Economic Co-operation and Development (OECD)

Central Intelligence Agency

In the following table, for each country or territory, revenues and expenditures figures from the CIA are shown, calculated on an exchange rate basis, i.e., not in purchasing power parity (PPP) terms. Budget surplus or deficit records the difference between national government revenues and expenditures, expressed as a percent of GDP. A positive (+) number indicates that revenues exceeded expenditures (a budget surplus), while a negative (-) number indicates the reverse (a budget deficit). Sorting is alphabetical by ISO 3166-1 alpha-3 country code.

Country/Territory
Region/GroupRevenues
(millions USD)Expenditures
(millions USD)Budget surplus (+) or deficit (-)
(millions USD)YearSurplus percentage of GDPRankYear
UN WORLD2017
20192017
20192017
20192017
20172017
20192017
20162016
20192017
20192017
20192017
20162016
20202017
20192017
20192017
20192017
20202017
20192017
20192017
20192017
20192017
20202017
20192017
20202017
20192017
20192017
20192017
20172017
20192017
20202017
20202017
20202017
20202017
20202017
20192017
20202017
20182017
20202017
20192017
20192017
20192017
20192017
20182017
20102010
20192017
20182017
20192017
20192017
20172017
2012
20172017
20192017
20192017
20202017
20192017
20212017
20192017
20192017
20192017
20192017
20202017
20182017
20192017
20192017
20202017
20202017
20202017
FY09/10FY09/10
20192017
20142014
2018FY12/13
20192017
20202017
20192017
20052005
20182017
20082008
20192017
20182017
20182017
20192017
20192017
20162016
20192017
20162016
20192017
20202017
20192017
20192017
20202017
20192017
20202017
FY05/06FY05/06
20202017
20192017
20192017
20202017
20182017
20192017
20202017
20202017
20052005
20192017
20192017
20202017
20192017
20192017
20192017
20172017
20202017
20192017
20192017
20192017
20192017
20192017
20192017
20202017
20112012
20192017
20202017
20192017
20192017
20202017
20192017
20192017
20112011
20192017
20202017
20202016
20202017
20192013
20202017
20182017
20192017
20202017
20202017
20202017
20152016
20192017
20192017
2017
20202017
20192017
20192017
20192017
20152015
20192017
FY99/00
20192017
20192017
FY04/05FY04/05
20192017
20202017
20202017
20202017
20202017
20182017
20202017
20202017
FY04/05
20192017
20202017
20192016
20192017
20192017
20172017
20072007
20192017
20192017
20112012
20192017
20192017
20192017
20192017
20192017
20192017
20192017
20202017
FY06/07
20192017
20192017
20192017
20192011
20142014
19961996
20202017
2019FY2017/18
20192017
20192017
20192017
20192017
20192017
20202017
20192017
20172017
2017
20202017
20192017
20202017
20192017
2017
20192017
20192017
20192017
20202017
20192017
20202017
20192013
20192017
20192017
20192017
20212021
20202017
20192017
20192017
2013
20202017
20172017
20172017
20162016
20192017
20192017
PSE West Bank and Gaza Strip20202017
20152015
20202017
20202017
20192017
20202017
20192017
20182017

Purchasing Power Parity

The following is a list of countries by their partial forecasted estimated government budgets. The GDP dollar (INT$) data given on this page are derived from purchasing power parity (PPP) calculations. Comparisons using PPP are arguably more useful than nominal when assessing a nation's domestic market because PPP takes into account the relative cost of local goods, services and inflation rates of the country, rather than using international market exchange rates which may distort the real differences in per capita income. PPP is often used to gauge global poverty thresholds and is used by the United Nations in constructing the human development index. It is however limited when measuring financial flows between countries. These surveys such as the International Comparison Program include both tradable and non-tradable goods in an attempt to estimate a representative basket of all goods.

For some countries like Brazil, only the federal budget is shown. For most other countries, the total budget is shown. Although Germany is a country, the statistics for Germany represent total general government spending. Similar to Germany, Russia has a federative structure and a three layer budget system, here the total government spending is shown. Data are in millions of international dollars. Only sovereign states with over 500 billion in budget are included.

CountryBudget (PPP)GDP (PPP)Government
Expenditure
(% of GDP)
United States9,818,53420,807,26947.2
China8,761,78224,162,43536.2
India2,704,8338,681,30331.2
Japan2,519,3155,236,13848.1
Germany2,401,5984,454,49853.9
France1,863,8022,954,19663.1
United Kingdom1,581,4382,978,56453.1
Russia1,499,9054,021,73337.3
Italy1,442,4342,415,41059.4
Brazil1,380,1173,078,90144.8
Canada1,036,9151,808,99557.3
Spain935,0411,773,36452.7
Turkey877,9982,381,59436.8
Mexico733,1472,424,51130.2
Saudi Arabia626,0221,608,61038.9
Indonesia603,1523,328,28818.1
South Korea599,0322,293,47526.1
Australia581,9441,307,91644.5

References

References

  1. [[Our World in Data]]. "Government revenues as a share of GDP".
  2. [[Our World in Data]]. "Central government expenditure as share of GDP".
  3. "General government net lending/borrowing, Percent of GDP".
  4. [[International Monetary Fund]]. (October 2024). "World Economic Outlook Database".
  5. [[World Bank]]. "Revenue, excluding grants (current LCU)".
  6. [[World Bank]]. "Revenue, excluding grants (% of GDP)".
  7. [[World Bank]]. "Grants and other revenue (current LCU)".
  8. [[World Bank]]. "Expense (current LCU)".
  9. [[World Bank]]. "Expense (% of GDP)".
  10. [[Central Intelligence Agency]]. "The World Factbook {{!}} Budget".
  11. [[Central Intelligence Agency]]. "The World Factbook {{!}} Budget surplus (+) or deficit (-)".
  12. [[World Bank]]. "Metadata Glossary".
  13. [[Central Intelligence Agency]]. "Definitions and Notes".
  14. [[International Monetary Fund]]. (October 2024). "World Economic Outlook Database".
  15. "Part 4. Applications and Limitations of ICP Data".
  16. [https://www.imf.org/external/pubs/ft/fandd/2007/03/basics.htm PPP Versus the Market: Which Weight Matters?] {{Webarchive. link. (2018-06-24, imf.org, March 2007, Volume 44, Number 1)
  17. Statistical Office of the European Communities. "Government finance statistics summary tables: data 1996–2010". Office for Official Publication of the European Communities.
  18. "Исполнение расходов :: Министерство финансов Российской Федерации".
  19. "Report for Selected Country Groups and Subjects (PPP valuation of country GDP)". IMF.
  20. "Report for Selected Country Groups and Subjects (PPP valuation of country GDP)". IMF.
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