Venezuela, RB—Fiscal Balance (% of GDP)
Category: Fiscal & MonetarySource: IMF World Economic OutlookGlobal Rank: #123 of 192
Latest Value
-3.6%
2024
YoY Change
-200.0%
2023 → 2024
Global Rank
#123
of 192 countries
Maximum
4.4%
2000
Minimum
-31.0%
2018
Last
-3.6%
Previous
-1.2%
Highest
4.4%
Lowest
-31.0%
Unit
Percent of GDP
Source
IMF World Economic Outlook
Source: IMF World Economic Outlook
Historical Data
| Year | Value | Change |
|---|---|---|
| 2024 | -3.6% | -200.0% |
| 2023 | -1.2% | +77.4% |
| 2022 | -5.3% | +8.6% |
| 2021 | -5.8% | +12.1% |
| 2020 | -6.6% | +39.4% |
| 2019 | -10.9% | +64.8% |
| 2018 | -31.0% | -133.1% |
| 2017 | -13.3% | -56.5% |
| 2016 | -8.5% | -4.9% |
| 2015 | -8.1% | +17.3% |
| 2014 | -9.8% | +5.8% |
| 2013 | -10.4% | -5.1% |
| 2012 | -9.9% | -20.7% |
| 2011 | -8.2% | -74.5% |
| 2010 | -4.7% | +46.0% |
| 2009 | -8.7% | -148.6% |
| 2008 | -3.5% | -25.0% |
| 2007 | -2.8% | -75.0% |
| 2006 | -1.6% | -139.0% |
| 2005 | 4.1% | +64.0% |
| 2004 | 2.5% | +1150.0% |
| 2003 | 0.2% | +113.3% |
| 2002 | -1.5% | +67.4% |
| 2001 | -4.6% | -204.5% |
| 2000 | 4.4% |
Top Countries — Fiscal Balance (% of GDP)
| # | Country | Value | Year |
|---|---|---|---|
| 1 | Kuwait | 26.5% | 2026 |
| 2 | Norway | 10.7% | 2026 |
| 3 | Nauru | 9.5% | 2026 |
| 4 | Macao SAR, China | 5.6% | 2026 |
| 5 | United Arab Emirates | 4.8% | 2026 |
| 6 | South Sudan | 4.1% | 2026 |
| 7 | Lesotho | 3.8% | 2026 |
| 8 | Liechtenstein | 3.2% | 2026 |
| 9 | Cyprus | 3.2% | 2026 |
| 10 | Singapore | 2.7% | 2026 |
About This Indicator
Definition
General government net lending/borrowing as a percentage of GDP. A positive value indicates a fiscal surplus; negative indicates a deficit.
Methodology
Revenue minus expenditure minus net acquisition of nonfinancial assets, as a percentage of GDP. A comprehensive measure of the fiscal balance.
Unit
Percent of GDP