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Italy - Budget Deficit 1988

General government net lending/borrowing as % of GDP · IMF WEO
-10.58% Global rank: 5th

Italy's budget deficit was -10.58% in 1988. This was the 5th highest globally.

Global Ranking - 1988▾
Budget Deficit by Country - 1988
RankCountryValueYoY
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%
Source: IMF WEO (GGXCNL_NGDP)

FAQ

What was Italy's budget deficit in 1988?▾

Italy's budget deficit in 1988 was -10.58%. This ranked 5th 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 Italy in 1988?▾

The budget deficit of Italy in 1988 was -10.58%. This ranked 5th globally.

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