For 2020, the coronavirus outbreak has increased expenditures and caused the projected overall fiscal balance of the advanced economy nations to come to a deficit of 16.6 percent of the collective GDP. Measuring the balance as a percent of GDP shows a nations ability to meet its financial needs. A negative value shows that a country's expenditures will outnumber its revenues, creating a deficit. The 2020 deficit projection for advanced economies is the highest of any economic category, despite having the lowest deficit value for 2019 at 3.3 percent of GDP.
Government fiscal balance as a share of GDP worldwide due to coronavirus from 2018 to 2021, by economic group
Profit from the additional features of your individual account
Currently, you are using a shared account. To use individual functions (e.g., mark statistics as favourites, set
statistic alerts) please log in with your personal account.
If you are an admin, please authenticate by logging in again.
Learn more about how Statista can support your business.
IMF. (June 24, 2020). Government fiscal balance as a share of GDP worldwide due to coronavirus from 2018 to 2021, by economic group [Graph]. In Statista. Retrieved November 04, 2024, from https://www.statista.com/statistics/1135620/global-fiscal-balance-after-coronavirus-by-economic-group/
IMF. "Government fiscal balance as a share of GDP worldwide due to coronavirus from 2018 to 2021, by economic group." Chart. June 24, 2020. Statista. Accessed November 04, 2024. https://www.statista.com/statistics/1135620/global-fiscal-balance-after-coronavirus-by-economic-group/
IMF. (2020). Government fiscal balance as a share of GDP worldwide due to coronavirus from 2018 to 2021, by economic group. Statista. Statista Inc.. Accessed: November 04, 2024. https://www.statista.com/statistics/1135620/global-fiscal-balance-after-coronavirus-by-economic-group/
IMF. "Government Fiscal Balance as a Share of Gdp Worldwide Due to Coronavirus from 2018 to 2021, by Economic Group." Statista, Statista Inc., 24 Jun 2020, https://www.statista.com/statistics/1135620/global-fiscal-balance-after-coronavirus-by-economic-group/
IMF, Government fiscal balance as a share of GDP worldwide due to coronavirus from 2018 to 2021, by economic group Statista, https://www.statista.com/statistics/1135620/global-fiscal-balance-after-coronavirus-by-economic-group/ (last visited November 04, 2024)
Government fiscal balance as a share of GDP worldwide due to coronavirus from 2018 to 2021, by economic group [Graph], IMF, June 24, 2020. [Online]. Available: https://www.statista.com/statistics/1135620/global-fiscal-balance-after-coronavirus-by-economic-group/
