Latin America and Caribbean Compared by Economy > Budget surplus > + or deficit > -
DEFINITION:
This entry 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.
CONTENTS
| # | COUNTRY | AMOUNT | DATE | GRAPH | HISTORY |
|---|---|---|---|---|---|
| 1 | Saint Kitts and Nevis | 3.6% of GDP | 2012 | ||
| 2 | Brazil | 2.4% of GDP | 2012 | ||
| 3 | Peru | 2.2% of GDP | 2012 | ||
| 4 | Bolivia | 1.8% of GDP | 2012 | ||
| =5 | Colombia | 0.5% of GDP | 2012 | ||
| =5 | Chile | 0.5% of GDP | 2012 | ||
| 7 | Nicaragua | -0.2% of GDP | 2012 | ||
| 8 | Antigua and Barbuda | -0.8% of GDP | 2012 | ||
| 9 | Saint Vincent and the Grenadines | -1% of GDP | 2012 | ||
| 10 | Belize | 0.0 | 2012 | ||
| =11 | Ecuador | -1.1% of GDP | 2012 | ||
| =11 | Trinidad and Tobago | -1.1% of GDP | 2012 | ||
| 13 | Paraguay | -1.7% of GDP | 2012 | ||
| 14 | Panama | -2.1% of GDP | 2012 | ||
| =15 | Guatemala | -2.4% of GDP | 2012 | ||
| =15 | Suriname | -2.4% of GDP | 2010 | ||
| 17 | Bermuda | -2.5% of GDP | 2012 | ||
| 18 | Argentina | -2.6% of GDP | 2012 | ||
| =19 | Mexico | -2.7% of GDP | 2012 | ||
| =19 | Cayman Islands | -2.7% of GDP | 2012 | ||
| =21 | Uruguay | -2.8% of GDP | 2012 | ||
| =21 | Saint Lucia | -2.8% of GDP | 2011 | ||
| 23 | El Salvador | -3.5% of GDP | 2012 | ||
| 24 | Cuba | -3.7% of GDP | 2012 | ||
| 25 | Jamaica | -4.2% of GDP | 2012 | ||
| 26 | Costa Rica | -4.5% of GDP | 2012 | ||
| 27 | Guyana | -5% of GDP | 2012 | ||
| 28 | Grenada | -5.2% of GDP | 2009 | ||
| =29 | Haiti | -6% of GDP | 2012 | ||
| =29 | Honduras | -6% of GDP | 2012 | ||
| 31 | The Bahamas | -6.2% of GDP | 2012 | ||
| 32 | Dominican Republic | -6.6% of GDP | 2012 | ||
| 33 | Barbados | -8.1% of GDP | 2012 | ||
| 34 | Aruba | -9.8% of GDP | 2012 | ||
| 35 | Dominica | -12.4% of GDP | 2012 | ||
| 36 | Venezuela | -14.8% of GDP | 2012 |
Citation
Interesting observations about Economy > Budget surplus > + or deficit > -
- 98 of the top 189 countries by budget surplus > + or deficit > - are Christian.
- 2 of the top 4 countries by budget surplus > + or deficit > - are Tourist destination.
- Kuwait has ranked in the top 3 for budget surplus > + or deficit > - since 2010.
- Macau has ranked in the top 3 for budget surplus > + or deficit > - since 2010.
- Qatar has ranked in the top 4 for budget surplus > + or deficit > - since 2010.
- Brazil ranked first for budget surplus > + or deficit > - amongst Emerging markets in 2012.
- 21 of the bottom 37 countries by budget surplus > + or deficit > - are Heavily indebted.
- San Marino has ranked in the top 4 for budget surplus > + or deficit > - since 2009.
- 25 of the top 89 countries by budget surplus > + or deficit > - are Landlocked.
- Norway has ranked in the top 5 for budget surplus > + or deficit > - since 2010.