As an effect of the coronavirus (COVID-19) pandemic, governmental expenditures increased worldwide and so did the fiscal deficits. In 2020, global fiscal deficit made up 10.2 percent of the global GDP. The United States was the world region where the fiscal deficit was the highest relative to GDP, amounting to around 14.9 percent. Estimations for 2021 show that the figures will remain relatively high worldwide, but should decrease in 2022.
Fiscal deficit as share of GDP worldwide from 2020 to 2022, by region
Characteristic
2020
2021*
2022*
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CRS. (November 10, 2021). Fiscal deficit as share of GDP worldwide from 2020 to 2022, by region [Graph]. In Statista. Retrieved August 24, 2024, from https://www.statista.com/statistics/1279423/fiscal-deficit-share-gdp-by-region/
CRS. "Fiscal deficit as share of GDP worldwide from 2020 to 2022, by region." Chart. November 10, 2021. Statista. Accessed August 24, 2024. https://www.statista.com/statistics/1279423/fiscal-deficit-share-gdp-by-region/
CRS. (2021). Fiscal deficit as share of GDP worldwide from 2020 to 2022, by region. Statista. Statista Inc.. Accessed: August 24, 2024. https://www.statista.com/statistics/1279423/fiscal-deficit-share-gdp-by-region/
CRS. "Fiscal Deficit as Share of Gdp Worldwide from 2020 to 2022, by Region." Statista, Statista Inc., 10 Nov 2021, https://www.statista.com/statistics/1279423/fiscal-deficit-share-gdp-by-region/
CRS, Fiscal deficit as share of GDP worldwide from 2020 to 2022, by region Statista, https://www.statista.com/statistics/1279423/fiscal-deficit-share-gdp-by-region/ (last visited August 24, 2024)
Fiscal deficit as share of GDP worldwide from 2020 to 2022, by region [Graph], CRS, November 10, 2021. [Online]. Available: https://www.statista.com/statistics/1279423/fiscal-deficit-share-gdp-by-region/