Countries by government balance as a share of GDP, 2024
Norway had the highest government balance as a share of GDP of 38 countries in 2024, at 12.7% of GDP. Israel had the lowest, at -8.1% of GDP. The median was -2.6% of GDP. Source: the Organisation for Economic Co-operation and Development.
All countries, 2024
Full ranking
| Rank | Countries | 2024 | Change on 2023 |
|---|---|---|---|
| 1 | Norway | 12.7 | -3.2 pts |
| 2 | Ireland | 4.1 | +2.6 pts |
| 3 | Denmark | 4.1 | +0.6 pts |
| 4 | Costa Rica Estimated | 1.5 | +2.1 pts |
| 5 | Greece Estimated | 1.3 | +2.8 pts |
| 6 | Luxembourg | 0.9 | +1.6 pts |
| 7 | Portugal Estimated | 0.6 | -0.5 pts |
| 8 | Switzerland | 0.5 | +0.2 pts |
| 9 | Netherlands | -0.7 | -0.4 pts |
| 10 | Slovenia | -0.9 | +1.7 pts |
| 11 | Estonia | -1.1 | +1.5 pts |
| 12 | Lithuania | -1.3 | -0.6 pts |
| 13 | South Korea Estimated | -1.5 | -0.6 pts |
| 14 | Sweden | -1.6 | -0.7 pts |
| 15 | Japan | -1.7 | +0.7 pts |
| 16 | Latvia | -1.8 | +0.6 pts |
| 17 | Czechia | -2 | +1.7 pts |
| 18 | Canada | -2.1 | -2 pts |
| 19 | Chile | -2.5 | -0.4 pts |
| 20 | Germany Estimated | -2.7 | -0.2 pts |
| 21 | Spain Estimated | -3.2 | +0.1 pts |
| 22 | Italy | -3.3 | +3.8 pts |
| 23 | New Zealand | -3.9 | -0.3 pts |
| 24 | Australia | -4 | -1.6 pts |
| 25 | Iceland | -4.2 | -2.1 pts |
| 26 | Finland | -4.3 | -1.5 pts |
| 27 | Belgium Estimated | -4.4 | -0.3 pts |
| 28 | Austria | -4.6 | -2.1 pts |
| 29 | South Africa | -5.1 | +1 pts |
| 30 | Hungary | -5.1 | +1.8 pts |
| 31 | Colombia Estimated | -5.3 | -2.1 pts |
| 32 | Slovakia | -5.3 | -0 pts |
| 33 | France Estimated | -5.8 | -0.4 pts |
| 34 | United Kingdom | -6 | 0 pts |
| 35 | Mexico Estimated | -6.3 | -1.6 pts |
| 36 | Poland | -6.4 | -1.3 pts |
| 37 | United States | -8 | -0.1 pts |
| 38 | Israel | -8.1 | -2.6 pts |
Other periods
About this ranking
General government net lending (+) or net borrowing (-) as a percentage of GDP.
Every value in the ranking comes from the same publisher and the same period, so the countries are compared on one definition. 9 countries with data in other periods have no value for 2024 and are left out rather than filled from another source. Equal values share a rank.
How to cite
OECD. OECD National Accounts at a Glance: net lending (+) or net borrowing (-) of general government, percentage of GDP (DSD_NAAG_VI@DF_NAAG_VI, B9S13). https://data-explorer.oecd.org/vis?df[ds]=dsDisseminateFinalDMZ&df[id]=DSD_NAAG_VI%40DF_NAAG_VI&df[ag]=OECD.SDD.NAD. Accessed 2026-10-12. Data reuse terms and downstream attribution: https://www.oecd.org/en/about/terms-conditions.htmlUse this data in your AI agent
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Rank Countries by government balance as a share of GDP using official data, and cite the source.
rank_places {"indicator":"government_deficit","level":"country","limit":10}
GET https://invokely.ai/api/v1/rank?indicator=government_deficit&level=country&limit=10Questions
Which country has the highest government balance as a share of GDP?
Norway, with 12.7% of GDP in 2024, according to the Organisation for Economic Co-operation and Development.
Which country has the lowest government balance as a share of GDP?
Israel, with -8.1% of GDP in 2024.
Where does this ranking come from?
Every value comes from one source and one period, so the places are comparable: Organisation for Economic Co-operation and Development, OECD National Accounts at a Glance: net lending (+) or net borrowing (-) of general government, percentage of GDP (DSD_NAAG_VI@DF_NAAG_VI, B9S13). Retrieved 2026-10-12. 9 countries have no value for 2024 and are not ranked.