India - Budget Deficit 1988
-7.01%
India's budget deficit was -7.01% in 1988. This was the 10th highest globally.
Global Ranking - 1988▾
| Rank | Country | Value | YoY |
|---|---|---|---|
| 1st | Equatorial Guinea | -208.50% | -32.0% |
| 2nd | Solomon Islands | -16.76% | 35.1% |
| 3rd | Mongolia | -14.35% | -4.9% |
| 4th | Jordan | -13.02% | 2.8% |
| 5th | Italy | -10.58% | - |
| 6th | Greece | -9.63% | -19.0% |
| 7th | Trinidad and Tobago | -9.34% | - |
| 8th | St. Kitts and Nevis | -7.51% | 50.7% |
| 9th | Belgium | -7.51% | 7.8% |
| 10th | India | -7.01% | - |
| 11th | Bolivia, Plurinational State of | -6.50% | 15.6% |
| 12th | Mozambique | -6.47% | 10.6% |
| 13th | Canada | -4.51% | 21.5% |
| 14th | Netherlands | -4.35% | 17.4% |
| 15th | Burkina Faso | -4.32% | 18.0% |
| 16th | Portugal | -4.32% | 49.1% |
| 17th | Bangladesh | -4.14% | 5.9% |
| 18th | Central African Republic | -3.72% | - |
| 19th | Spain | -3.40% | -3.8% |
| 20th | Austria | -3.37% | - |
| 21st | Brunei Darussalam | -3.07% | -190.1% |
| 22nd | Comoros | -2.69% | 13.6% |
| 23rd | France | -2.57% | -26.8% |
| 24th | Kenya | -1.97% | 13.2% |
| 25th | Iceland | -1.93% | -145.7% |
| 26th | New Zealand | -1.88% | 45.2% |
| 27th | Lesotho | -1.87% | 34.3% |
| 28th | Ghana | -1.08% | -16.2% |
| 29th | China | -0.96% | -37.8% |
| 30th | Colombia | -0.90% | -49.7% |
| 31st | Madagascar | -0.57% | 73.1% |
| 32nd | Denmark | -0.09% | -106.4% |
| 33rd | United Kingdom | 0.25% | 114.8% |
| 34th | Papua New Guinea | 0.31% | -0.6% |
| 35th | Australia | 0.48% | - |
| 36th | Japan | 0.50% | 237.9% |
| 37th | St. Vincent and the Grenadines | 0.59% | -46.5% |
| 38th | Switzerland | 0.92% | -16.3% |
| 39th | Bhutan | 1.33% | 336.8% |
| 40th | St. Lucia | 2.02% | 259.9% |
| 41st | Norway | 2.37% | -44.0% |
| 42nd | Paraguay | 3.01% | 12.4% |
| 43rd | Eswatini | 3.23% | 59.3% |
| 44th | Hong Kong SAR, China | 3.32% | 9.0% |
| 45th | Sweden | 3.63% | -0.1% |
| 46th | Finland | 4.87% | 577.6% |
| 47th | Seychelles | 11.81% | 326.2% |
| 48th | Kuwait | 27.71% | 18.1% |
FAQ
What was India's budget deficit in 1988?▾
India's budget deficit in 1988 was -7.01%. This ranked 10th globally.
Which country had the highest budget deficit in 1988?▾
Kuwait had the highest budget deficit in 1988 at 27.71%.
What is the budget deficit of India in 1988?▾
The budget deficit of India in 1988 was -7.01%. This ranked 10th globally.
Related
1989
All years
Full ranking 1988
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Government Spending
Military Spending
Health Spending
Government Debt to GDP
Peak: 2007
Lowest: 2020
Budget Deficit 1990s
Budget Deficit 2000s
Budget Deficit 2010s
Budget Deficit 2020s
Highest ever
Lowest ever
Average
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vs Kyrgyz Republic
vs Bangladesh
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BRICS+ Budget Deficit
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Global Ranking