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Canada - Budget Deficit 1989

Name: Canada Budget Deficit 1989
Creator: IMF WEO
License: https://creativecommons.org/licenses/by/4.0/

General government net lending/borrowing as % of GDP · IMF WEO

-4.72% −0.21% from 1988 Global rank: 12th

Canada's budget deficit was -4.72% in 1989, decreased +0.21% from -4.51% in 1988. This was the 12th highest globally.

Global Ranking - 1989▾

Budget Deficit by Country - 1989
Rank	Country	Value	YoY
1st	Equatorial Guinea	-76.17%	63.5%
2nd	Solomon Islands	-15.33%	8.5%
3rd	Greece	-11.90%	-23.6%
4th	Mongolia	-11.77%	18.0%
5th	Italy	-10.95%	-3.5%
6th	Bhutan	-10.14%	-862.1%
7th	Belgium	-7.82%	-4.2%
8th	India	-7.68%	-9.5%
9th	Jordan	-6.89%	47.1%
10th	Bolivia, Plurinational State of	-5.50%	15.4%
11th	Netherlands	-5.09%	-16.9%
12th	Canada	-4.72%	-4.6%
13th	Brunei Darussalam	-4.69%	-52.8%
14th	Trinidad and Tobago	-4.46%	52.2%
15th	Bangladesh	-4.31%	-4.1%
16th	Iceland	-4.29%	-122.3%
17th	Mozambique	-4.23%	34.6%
18th	Portugal	-3.48%	19.3%
19th	Madagascar	-3.35%	-484.8%
20th	Central African Republic	-3.25%	12.8%
21st	Austria	-3.04%	9.8%
22nd	St. Kitts and Nevis	-2.99%	60.1%
23rd	Spain	-2.99%	12.1%
24th	Kenya	-2.39%	-21.5%
25th	Togo	-2.18%	-
26th	New Zealand	-2.16%	-14.8%
27th	St. Vincent and the Grenadines	-1.92%	-426.5%
28th	France	-1.80%	29.9%
29th	Philippines	-1.64%	-
30th	Colombia	-1.45%	-61.7%
31st	Denmark	-1.35%	-1,381.3%
32nd	Comoros	-1.32%	51.1%
33rd	China	-0.91%	5.3%
34th	Ghana	-0.81%	24.5%
35th	Papua New Guinea	0.34%	8.7%
36th	United Kingdom	0.48%	92.7%
37th	Switzerland	0.77%	-15.9%
38th	Congo, Republic of	0.78%	-
39th	Benin	0.89%	-
40th	St. Lucia	0.89%	-55.8%
41st	Australia	0.93%	93.9%
42nd	Japan	1.23%	148.7%
43rd	Norway	1.55%	-34.5%
44th	Burkina Faso	1.97%	145.5%
45th	Hong Kong SAR, China	2.01%	-39.3%
46th	Sweden	3.57%	-1.6%
47th	Lesotho	3.88%	307.2%
48th	Paraguay	5.48%	82.2%
49th	Eswatini	5.82%	80.3%
50th	Finland	7.14%	46.5%
51st	Seychelles	8.26%	-30.1%
52nd	Kuwait	29.95%	8.1%

FAQ

What was Canada's budget deficit in 1989?▾

Canada's budget deficit in 1989 was -4.72%. This ranked 12th globally.

How did Canada's budget deficit change in 1989?▾

Canada's budget deficit decreased by 4.6% in 1989 compared to 1988.

Which country had the highest budget deficit in 1989?▾

Kuwait had the highest budget deficit in 1989 at 29.95%.

What is the budget deficit of Canada in 1989?▾

The budget deficit of Canada in 1989 was -4.72%. This ranked 12th globally.

How does 1989 compare to 1988 for Canada's budget deficit?▾

Canada's budget deficit went from -4.51% in 1988 to -4.72% in 1989, a 4.6% decrease.

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