Since the coronavirus outbreak, the projected overall global fiscal balance came to a deficit of 13.9 percent of the collective GDP for 2020. This is a large increase from the deficit value of 2019 which came to 3.9 percent of the global 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.
Government fiscal balance as a share of GDP worldwide due to coronavirus from 2018 to 2021
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IMF. (June 24, 2020). Government fiscal balance as a share of GDP worldwide due to coronavirus from 2018 to 2021 [Graph]. In Statista. Retrieved November 24, 2024, from https://www.statista.com/statistics/1135681/global-fiscal-balance-after-coronavirus/
IMF. "Government fiscal balance as a share of GDP worldwide due to coronavirus from 2018 to 2021." Chart. June 24, 2020. Statista. Accessed November 24, 2024. https://www.statista.com/statistics/1135681/global-fiscal-balance-after-coronavirus/
IMF. (2020). Government fiscal balance as a share of GDP worldwide due to coronavirus from 2018 to 2021. Statista. Statista Inc.. Accessed: November 24, 2024. https://www.statista.com/statistics/1135681/global-fiscal-balance-after-coronavirus/
IMF. "Government Fiscal Balance as a Share of Gdp Worldwide Due to Coronavirus from 2018 to 2021." Statista, Statista Inc., 24 Jun 2020, https://www.statista.com/statistics/1135681/global-fiscal-balance-after-coronavirus/
IMF, Government fiscal balance as a share of GDP worldwide due to coronavirus from 2018 to 2021 Statista, https://www.statista.com/statistics/1135681/global-fiscal-balance-after-coronavirus/ (last visited November 24, 2024)
Government fiscal balance as a share of GDP worldwide due to coronavirus from 2018 to 2021 [Graph], IMF, June 24, 2020. [Online]. Available: https://www.statista.com/statistics/1135681/global-fiscal-balance-after-coronavirus/
