Chile Budget Deficit
General government net lending/borrowing as % of GDP GGXCNL_NGDP
Chile's budget deficit was -2.06% in 2025, ranked 64th globally. This represents a 27.0% increase from 2024. Data from IMF WEO, covering 1990–2025.
Overview
Chile's budget deficit stood at -2.06% in 2025, a rise of +0.76% from 2024. The IMF projects -2.06% by 2025. Chile ranked 64th globally.
Chile’s general government budget deficit has narrowed sharply from a high of 7.96 percent of GDP in 2007 to a record low of –7.53 percent in 2021, reflecting a transition from fiscal expansion during the global financial crisis to strong consolidation after the pandemic. By 2025 the deficit stood at –2.06 percent, ranking 64th globally, and remains slightly less negative than peers such as Azerbaijan (–1.91 percent) and Dominica (–2.10 percent). The 36‑year series shows that the early 1990s began with a modest surplus of 2.25 percent, after which fiscal balances have oscillated with external shocks and policy cycles. Recent fiscal discipline, higher tax revenues and restrained public spending have driven the improvement, although the deficit remains in negative territory, indicating continued primary surpluses. Maintaining this trajectory will depend on sustaining economic growth, limiting discretionary spending and avoiding large fiscal shocks that could widen the gap again.
Data & projection
| Year | Budget Deficit | YoY change | Rank |
|---|---|---|---|
| 2030* IMF | -0.89% | - | - |
| 2029* IMF | -0.87% | - | - |
| 2028* IMF | -0.85% | - | - |
| 2027* IMF | -1.17% | - | - |
| 2026* IMF | -1.47% | - | - |
| 2025* IMF | -2.06% | - | - |
| 2025 | -2.06% | +0.76% | #64 |
| 2024 | -2.82% | −0.54% | #91 |
| 2023 | -2.27% | −3.63% | #106 |
| 2022 | 1.36% | +8.89% | #166 |
| 2021 | -7.53% | −0.43% | #32 |
| 2020 | -7.10% | −4.36% | #80 |
| 2019 | -2.73% | −1.25% | #73 |
| 2018 | -1.48% | +1.15% | #102 |
| 2017 | -2.63% | +0.03% | #84 |
| 2016 | -2.66% | −0.57% | #89 |
| 2015 | -2.09% | −0.59% | #116 |
| 2014 | -1.50% | −1.03% | #130 |
| 2013 | -0.47% | −1.15% | #145 |
| 2012 | 0.68% | −0.75% | #154 |
| 2011 | 1.43% | +1.79% | #160 |
Detected Pattern
Analysis
Chile matched the Export Boom Cycle pattern in 2010. Historically, 71% of countries showing this pattern (546 out of 768) saw budget deficit improve within 24 months. View full analysis →
Frequently Asked Questions
Chile's budget deficit was -2.06% in 2025. Ranked 64th globally. This represents a 27.0% increase from the previous year.
Chile's budget deficit peaked at 7.96% in 2007.
The lowest budget deficit in Chile was -7.53% in 2021.
Chile ranks 64th globally in budget deficit as of 2025.
The World Bank indicator code is GGXCNL_NGDP. Data sourced from IMF WEO.
Chile's budget deficit is projected to reach -2.06% by 2025 based on IMF projection.
The budget deficit of Chile in 2025 was -2.06%. This ranks 64th in the world.
Cite this page
@misc{historysaid_chile_budget-deficit,
title = {Chile Budget Deficit},
url = {https://historysaid.com/chile/budget-deficit/},
publisher = {HistorySaid},
year = {2026}
}