Libya - Budget Deficit 2016
-29.29%
−0.80% from 2015
Libya's budget deficit was -29.29% in 2016, decreased +0.80% from -28.49% in 2015. This was the 2nd highest globally.
Global Ranking - 2016▾
| Rank | Country | Value | YoY |
|---|---|---|---|
| 1st | Timor-Leste | -55.75% | -67.9% |
| 2nd | Libya | -29.29% | -2.8% |
| 3rd | Brunei Darussalam | -21.68% | -49.3% |
| 4th | South Sudan | -19.84% | -20.8% |
| 5th | Oman | -19.62% | -45.6% |
| 6th | Bahrain | -16.58% | 5.1% |
| 7th | Mongolia | -15.30% | -203.3% |
| 8th | Congo, Republic of | -14.54% | 18.3% |
| 9th | Iraq | -14.45% | -12.6% |
| 10th | Saudi Arabia | -13.20% | 11.7% |
| 11th | Algeria | -11.85% | 14.6% |
| 12th | Egypt, Arab Republic of | -11.80% | -13.8% |
| 13th | Equatorial Guinea | -10.92% | 27.7% |
| 14th | Ecuador | -10.29% | -49.9% |
| 15th | Suriname | -10.19% | -22.9% |
| 16th | Maldives | -9.93% | -52.4% |
| 17th | Trinidad and Tobago | -9.84% | -33.5% |
| 18th | Lesotho | -9.43% | -583.2% |
| 19th | Namibia | -9.30% | -12.1% |
| 20th | Qatar | -9.20% | -149.9% |
| 21st | Lebanon | -8.88% | -18.7% |
| 22nd | Yemen, Republic of | -8.51% | 2.8% |
| 23rd | Eswatini | -8.36% | -42.1% |
| 24th | Brazil | -7.99% | 13.9% |
| 25th | Kenya | -7.47% | -11.8% |
| 26th | Bolivia, Plurinational State of | -7.24% | -4.4% |
| 27th | India | -7.12% | 1.2% |
| 28th | Burundi | -7.11% | 5.9% |
| 29th | Togo | -7.03% | 0.2% |
| 30th | Ghana | -6.75% | -68.4% |
| 31st | Argentina | -6.66% | -10.9% |
| 32nd | Gambia, The | -6.22% | -15.8% |
| 33rd | Montenegro | -6.21% | -3.0% |
| 34th | Cameroon | -5.88% | -38.5% |
| 35th | Tunisia | -5.87% | -18.6% |
| 36th | Kyrgyz Republic | -5.79% | -130.0% |
| 37th | Fiji | -5.70% | -45.9% |
| 38th | Zambia | -5.69% | 35.9% |
| 39th | Armenia | -5.63% | -16.4% |
| 40th | Comoros | -5.52% | -312.5% |
| 41st | Mozambique | -5.42% | 17.3% |
| 42nd | Sierra Leone | -5.41% | -89.0% |
| 43rd | Guinea-Bissau | -5.34% | -69.0% |
| 44th | Costa Rica | -5.09% | 7.8% |
| 45th | Lao PDR | -5.06% | 9.2% |
| 46th | São Tomé and Principe | -5.01% | 34.1% |
| 47th | Sri Lanka | -5.00% | 24.7% |
| 48th | Malawi | -4.90% | -17.6% |
| 49th | Barbados | -4.84% | 40.6% |
| 50th | Papua New Guinea | -4.75% | -4.3% |
| 51st | Gabon | -4.71% | -321.7% |
| 52nd | Zimbabwe | -4.63% | -220.1% |
| 53rd | Kazakhstan | -4.50% | 28.1% |
| 54th | Morocco | -4.49% | 2.3% |
| 55th | Belize | -4.47% | 13.0% |
| 56th | Niger | -4.46% | 33.8% |
| 57th | United States | -4.36% | -23.4% |
| 58th | Benin | -4.29% | 22.8% |
| 59th | Spain | -4.27% | 19.0% |
| 60th | Angola | -3.98% | -54.7% |
| 61st | Mali | -3.95% | -116.5% |
| 62nd | Pakistan | -3.92% | 17.2% |
| 63rd | Sudan | -3.92% | -1.3% |
| 64th | Liberia | -3.83% | -2.4% |
| 65th | France | -3.76% | 3.2% |
| 66th | South Africa | -3.73% | 14.8% |
| 67th | Jordan | -3.71% | 47.8% |
| 68th | Russian Federation | -3.67% | -8.4% |
| 69th | Japan | -3.60% | 2.1% |
| 70th | Solomon Islands | -3.56% | -540.3% |
| 71st | China | -3.33% | -33.0% |
| 72nd | United Kingdom | -3.31% | 27.9% |
| 73rd | Nigeria | -3.30% | -22.3% |
| 74th | Senegal | -3.27% | 10.7% |
| 75th | Guyana | -3.21% | -328.8% |
| 76th | Viet Nam | -3.16% | 36.5% |
| 77th | Bangladesh | -3.16% | 3.9% |
| 78th | Dominican Republic | -3.11% | -9,321.2% |
| 79th | El Salvador | -3.10% | 14.5% |
| 80th | Burkina Faso | -3.08% | -47.5% |
| 81st | Côte d'Ivoire | -2.98% | -45.9% |
| 82nd | United Arab Emirates | -2.95% | 53.5% |
| 83rd | Tajikistan | -2.91% | -48.3% |
| 84th | Mauritius | -2.74% | 21.4% |
| 85th | Cabo Verde | -2.73% | 34.4% |
| 86th | North Macedonia | -2.70% | 22.2% |
| 87th | Mexico | -2.68% | 30.5% |
| 88th | Uruguay | -2.68% | -44.4% |
| 89th | Chile | -2.66% | -27.4% |
| 90th | Uganda | -2.64% | -1.8% |
| 91st | Bahamas, The | -2.61% | 21.8% |
| 92nd | Malaysia | -2.60% | -2.2% |
| 93rd | Slovak Republic | -2.59% | 6.8% |
| 94th | Indonesia | -2.56% | 6.0% |
| 95th | Myanmar | -2.53% | 41.6% |
| 96th | Romania | -2.50% | -85.2% |
| 97th | Ukraine | -2.46% | -112.0% |
| 98th | Belgium | -2.43% | 1.8% |
| 99th | Australia | -2.42% | 13.0% |
| 100th | Italy | -2.41% | 2.2% |
| 101st | Poland | -2.38% | 8.2% |
| 102nd | Turkmenistan | -2.38% | -241.1% |
| 103rd | Bhutan | -2.31% | -371.2% |
| 104th | Colombia | -2.27% | 35.4% |
| 105th | Rwanda | -2.27% | 15.3% |
| 106th | Peru | -2.12% | -4.9% |
| 107th | Tanzania | -2.08% | 34.3% |
| 108th | West Bank and Gaza | -2.08% | 55.4% |
| 109th | Slovenia | -2.00% | 29.5% |
| 110th | Portugal | -1.94% | 55.6% |
| 111th | Nicaragua | -1.92% | -17.5% |
| 112th | Panama | -1.89% | 17.8% |
| 113th | Puerto Rico (US) | -1.84% | 12.9% |
| 114th | Hungary | -1.79% | 10.5% |
| 115th | Israel | -1.79% | -47.9% |
| 116th | Finland | -1.70% | 29.9% |
| 117th | Iran, Islamic Republic of | -1.70% | -30.9% |
| 118th | Türkiye | -1.68% | -227.5% |
| 119th | Belarus | -1.66% | 44.0% |
| 120th | Moldova | -1.56% | 19.0% |
| 121st | Chad | -1.51% | 54.1% |
| 122nd | Albania | -1.50% | 65.3% |
| 123rd | Georgia | -1.49% | -28.1% |
| 124th | Aruba | -1.46% | 1.4% |
| 125th | Austria | -1.45% | -204.8% |
| 126th | Eritrea | -1.44% | 48.1% |
| 127th | Azerbaijan | -1.17% | 75.8% |
| 128th | Guatemala | -1.11% | 24.6% |
| 129th | Madagascar | -1.11% | 61.2% |
| 130th | Serbia | -1.08% | 66.8% |
| 131st | Croatia | -1.04% | 70.5% |
| 132nd | Congo, Democratic Republic of | -0.93% | 31.6% |
| 133rd | St. Lucia | -0.78% | 66.7% |
| 134th | Ireland | -0.76% | 61.4% |
| 135th | Djibouti | -0.76% | 95.1% |
| 136th | Philippines | -0.75% | -617.4% |
| 137th | Vanuatu | -0.72% | 91.7% |
| 138th | Estonia | -0.62% | -155.4% |
| 139th | Canada | -0.45% | -630.6% |
| 140th | Latvia | -0.41% | 74.0% |
| 141st | Honduras | -0.40% | 49.2% |
| 142nd | Paraguay | -0.37% | 14.4% |
| 143rd | Samoa | -0.35% | 90.9% |
| 144th | Cambodia | -0.29% | 54.9% |
| 145th | San Marino | -0.19% | 94.4% |
| 146th | Jamaica | -0.18% | 33.5% |
| 147th | Antigua and Barbuda | -0.14% | 94.2% |
| 148th | Guinea | -0.08% | 98.7% |
| 149th | Seychelles | 0.02% | -98.7% |
| 150th | Lithuania | 0.03% | 104.4% |
| 151st | St. Vincent and the Grenadines | 0.04% | 102.0% |
| 152nd | Haiti | 0.12% | 107.9% |
| 153rd | Afghanistan | 0.13% | 109.2% |
| 154th | Mauritania | 0.13% | 105.4% |
| 155th | Netherlands | 0.23% | 112.3% |
| 156th | Switzerland | 0.24% | -56.4% |
| 157th | Greece | 0.28% | 109.2% |
| 158th | Denmark | 0.30% | 133.7% |
| 159th | Bosnia and Herzegovina | 0.34% | 276.3% |
| 160th | Thailand | 0.41% | 120.9% |
| 161st | Cyprus | 0.45% | 158.9% |
| 162nd | Somalia, Fed. Rep. | 0.46% | 90.5% |
| 163rd | Czechia | 0.69% | 202.9% |
| 164th | Uzbekistan | 0.70% | 354.2% |
| 165th | Botswana | 0.71% | 114.8% |
| 166th | Sweden | 0.86% | 416.9% |
| 167th | New Zealand | 0.98% | 167.7% |
| 168th | Malta | 1.10% | 230.7% |
| 169th | Germany | 1.13% | 23.9% |
| 170th | Central African Republic | 1.17% | 318.3% |
| 171st | Nepal | 1.20% | 160.4% |
| 172nd | Tonga | 1.47% | 153.4% |
| 173rd | Bulgaria | 1.54% | 155.5% |
| 174th | Korea | 1.56% | 214.5% |
| 175th | Luxembourg | 1.89% | 44.9% |
| 176th | Grenada | 2.69% | 436.4% |
| 177th | Liechtenstein | 2.95% | -17.0% |
| 178th | Singapore | 3.26% | 13.8% |
| 179th | Palau | 3.52% | -30.8% |
| 180th | St. Kitts and Nevis | 3.77% | -33.5% |
| 181st | Marshall Islands | 3.88% | 37.8% |
| 182nd | Norway | 4.04% | -32.6% |
| 183rd | Andorra | 4.07% | 145.9% |
| 184th | Hong Kong SAR, China | 4.39% | 637.3% |
| 185th | Micronesia, Federated States of | 7.37% | -29.7% |
| 186th | Macao SAR, China | 11.42% | -17.4% |
| 187th | Dominica | 11.59% | 1.9% |
| 188th | Iceland | 12.38% | 3,265.2% |
| 189th | Kuwait | 13.08% | -21.1% |
| 190th | Nauru | 18.89% | 75.9% |
| 191st | Kiribati | 20.10% | -52.7% |
| 192nd | Tuvalu | 27.47% | 86.7% |
FAQ
What was Libya's budget deficit in 2016?▾
Libya's budget deficit in 2016 was -29.29%. This ranked 2nd globally.
How did Libya's budget deficit change in 2016?▾
Libya's budget deficit decreased by 2.8% in 2016 compared to 2015.
Which country had the highest budget deficit in 2016?▾
Tuvalu had the highest budget deficit in 2016 at 27.47%.
What is the budget deficit of Libya in 2016?▾
The budget deficit of Libya in 2016 was -29.29%. This ranked 2nd globally.
How does 2016 compare to 2015 for Libya's budget deficit?▾
Libya's budget deficit went from -28.49% in 2015 to -29.29% in 2016, a 2.8% decrease.
HistorySaid - pattern alert
Libya matched the Stagflation Risk pattern in 2016. Historically: 307 occurrences, 117 successful (38%). Outcome 24 months later: 13.2%. View full analysis →
Related
2015
2017
All years
Full ranking 2016
Tax Revenue
Government Spending
Military Spending
Health Spending
Government Debt to GDP
Peak: 2005
Lowest: 2014
Budget Deficit 1990s
Budget Deficit 2000s
Budget Deficit 2010s
Budget Deficit 2020s
Highest ever
Lowest ever
Average
vs Suriname
vs Fiji
vs Paraguay
vs Botswana
Organisation of Islamic Cooperation Budget Deficit
OPEC Budget Deficit
African Union Budget Deficit
Global Ranking