Libya - Budget Deficit 2020
-22.27%
−34.20% from 2019
Libya's budget deficit was -22.27% in 2020, decreased +34.20% from 11.93% in 2019. This was the 3rd highest globally.
Global Ranking - 2020▾
| Rank | Country | Value | YoY |
|---|---|---|---|
| 1st | San Marino | -37.59% | -34,707.4% |
| 2nd | Maldives | -23.70% | -262.2% |
| 3rd | Libya | -22.27% | -286.7% |
| 4th | Macao SAR, China | -21.41% | -248.3% |
| 5th | Timor-Leste | -18.90% | 25.7% |
| 6th | Ghana | -17.44% | -132.0% |
| 7th | Bahrain | -17.31% | -102.0% |
| 8th | Aruba | -16.91% | -6,773.2% |
| 9th | Brunei Darussalam | -15.77% | -327.5% |
| 10th | Seychelles | -15.75% | -3,822.5% |
| 11th | Oman | -15.67% | -224.5% |
| 12th | United States | -14.12% | -143.3% |
| 13th | Zambia | -13.76% | -46.3% |
| 14th | Sri Lanka | -13.36% | -77.7% |
| 15th | United Kingdom | -13.17% | -432.9% |
| 16th | Palau | -13.02% | -3,517.2% |
| 17th | India | -12.86% | -67.2% |
| 18th | Iraq | -12.82% | -1,636.6% |
| 19th | Bolivia, Plurinational State of | -12.72% | -75.5% |
| 20th | Suriname | -11.95% | 40.9% |
| 21st | Trinidad and Tobago | -11.83% | -218.1% |
| 22nd | Brazil | -11.64% | -139.5% |
| 23rd | St. Lucia | -11.37% | -223.9% |
| 24th | Montenegro | -11.01% | -533.9% |
| 25th | Canada | -10.95% | -64,305.9% |
| 26th | Botswana | -10.87% | -27.4% |
| 27th | Israel | -10.70% | -182.3% |
| 28th | Algeria | -10.52% | -23.6% |
| 29th | Mauritius | -10.45% | -27.6% |
| 30th | Greece | -10.34% | -11,919.8% |
| 31st | Saudi Arabia | -10.22% | -157.8% |
| 32nd | Panama | -10.20% | -252.8% |
| 33rd | Jordan | -10.11% | -40.6% |
| 34th | Spain | -10.03% | -229.8% |
| 35th | Guinea-Bissau | -9.64% | -149.6% |
| 36th | Senegal | -9.64% | 30.8% |
| 37th | South Africa | -9.62% | -89.7% |
| 38th | China | -9.56% | -59.3% |
| 39th | Rwanda | -9.54% | -88.0% |
| 40th | Romania | -9.54% | -109.6% |
| 41st | Italy | -9.38% | -546.8% |
| 42nd | Cabo Verde | -9.29% | -474.7% |
| 43rd | Mongolia | -9.24% | -1,021.2% |
| 44th | Hong Kong SAR, China | -9.23% | -1,483.0% |
| 45th | Georgia | -9.16% | -401.8% |
| 46th | Japan | -9.08% | -198.0% |
| 47th | Tunisia | -9.06% | -151.4% |
| 48th | Belgium | -9.04% | -341.2% |
| 49th | France | -8.93% | -273.3% |
| 50th | Papua New Guinea | -8.85% | -77.9% |
| 51st | Iceland | -8.73% | -455.1% |
| 52nd | Australia | -8.73% | -98.0% |
| 53rd | Malta | -8.72% | -1,307.9% |
| 54th | Argentina | -8.67% | -95.1% |
| 55th | Belize | -8.57% | -195.2% |
| 56th | Costa Rica | -8.38% | -25.4% |
| 57th | Fiji | -8.34% | -128.5% |
| 58th | Austria | -8.20% | -1,630.6% |
| 59th | El Salvador | -8.18% | -166.4% |
| 60th | Peru | -8.16% | -496.6% |
| 61st | Kenya | -8.13% | -9.7% |
| 62nd | Namibia | -8.07% | -47.0% |
| 63rd | North Macedonia | -8.05% | -308.9% |
| 64th | Malawi | -8.03% | -76.6% |
| 65th | Dominican Republic | -7.94% | -129.6% |
| 66th | Guyana | -7.78% | -209.2% |
| 67th | Uganda | -7.76% | -61.2% |
| 68th | Slovenia | -7.68% | -1,227.3% |
| 69th | Dominica | -7.53% | 13.6% |
| 70th | Hungary | -7.49% | -269.9% |
| 71st | Egypt, Arab Republic of | -7.47% | 1.7% |
| 72nd | Nepal | -7.47% | -74.9% |
| 73rd | Ecuador | -7.38% | -112.7% |
| 74th | West Bank and Gaza | -7.37% | -64.6% |
| 75th | Lebanon | -7.37% | 29.9% |
| 76th | Croatia | -7.23% | -412.6% |
| 77th | Morocco | -7.15% | -87.9% |
| 78th | Colombia | -7.13% | -104.6% |
| 79th | Bahamas, The | -7.11% | -323.2% |
| 80th | Chile | -7.10% | -159.8% |
| 81st | Togo | -7.05% | -523.0% |
| 82nd | Kazakhstan | -7.04% | -1,134.6% |
| 83rd | Pakistan | -7.03% | 9.7% |
| 84th | Serbia | -6.91% | -172,725.0% |
| 85th | Poland | -6.85% | -833.7% |
| 86th | Singapore | -6.73% | -278.7% |
| 87th | Albania | -6.67% | -247.0% |
| 88th | Burundi | -6.58% | -2.8% |
| 89th | Myanmar | -6.50% | -38.5% |
| 90th | Azerbaijan | -6.44% | -171.9% |
| 91st | Lithuania | -6.42% | -1,657.8% |
| 92nd | Antigua and Barbuda | -6.23% | -71.1% |
| 93rd | Mozambique | -6.19% | -463.4% |
| 94th | Indonesia | -6.08% | -190.5% |
| 95th | Sudan | -6.03% | 44.0% |
| 96th | St. Vincent and the Grenadines | -5.92% | -71.6% |
| 97th | Ukraine | -5.92% | -184.2% |
| 98th | Portugal | -5.75% | -5,016.2% |
| 99th | Paraguay | -5.72% | -134.2% |
| 100th | Czechia | -5.65% | -2,096.5% |
| 101st | Cyprus | -5.58% | -640.7% |
| 102nd | Philippines | -5.55% | -269.0% |
| 103rd | Finland | -5.53% | -493.1% |
| 104th | South Sudan | -5.50% | -13,192.9% |
| 105th | Estonia | -5.42% | -4,876.1% |
| 106th | Mali | -5.42% | -221.9% |
| 107th | Côte d'Ivoire | -5.42% | -144.1% |
| 108th | Armenia | -5.40% | -453.0% |
| 109th | Lao PDR | -5.37% | -67.6% |
| 110th | Moldova | -5.32% | -262.7% |
| 111th | Slovak Republic | -5.30% | -339.5% |
| 112th | Burkina Faso | -5.16% | -52.3% |
| 113th | Guatemala | -4.91% | -119.6% |
| 114th | Malaysia | -4.90% | -144.1% |
| 115th | Ireland | -4.87% | -1,299.0% |
| 116th | Iran, Islamic Republic of | -4.87% | -13.3% |
| 117th | Bangladesh | -4.84% | 10.5% |
| 118th | Niger | -4.82% | -35.4% |
| 119th | Benin | -4.68% | -786.7% |
| 120th | Türkiye | -4.64% | 1.2% |
| 121st | Uruguay | -4.64% | -70.8% |
| 122nd | Honduras | -4.58% | -5,250.6% |
| 123rd | Grenada | -4.55% | -191.7% |
| 124th | Bosnia and Herzegovina | -4.50% | -429.1% |
| 125th | Barbados | -4.47% | -247.5% |
| 126th | Thailand | -4.47% | -1,146.6% |
| 127th | Germany | -4.38% | -430.1% |
| 128th | New Zealand | -4.35% | -74.1% |
| 129th | Tajikistan | -4.34% | -112.4% |
| 130th | Yemen, Republic of | -4.30% | 26.9% |
| 131st | Mexico | -4.29% | -89.3% |
| 132nd | Eswatini | -4.22% | 32.3% |
| 133rd | Nigeria | -4.03% | -21.7% |
| 134th | Liberia | -4.02% | 18.4% |
| 135th | Russian Federation | -3.99% | -306.7% |
| 136th | Madagascar | -3.96% | -178.5% |
| 137th | Latvia | -3.85% | -876.6% |
| 138th | Netherlands | -3.72% | -294.8% |
| 139th | Sierra Leone | -3.50% | -79.1% |
| 140th | Central African Republic | -3.24% | -344.1% |
| 141st | Cameroon | -3.19% | 1.7% |
| 142nd | Sweden | -3.18% | -822.7% |
| 143rd | Congo, Democratic Republic of | -3.17% | -0.2% |
| 144th | Luxembourg | -3.09% | -215.5% |
| 145th | Guinea | -3.08% | -1,723.1% |
| 146th | Kyrgyz Republic | -3.06% | -4,037.8% |
| 147th | St. Kitts and Nevis | -3.06% | -336.1% |
| 148th | Switzerland | -3.01% | -324.8% |
| 149th | Uzbekistan | -2.95% | -876.8% |
| 150th | Bulgaria | -2.92% | -203.5% |
| 151st | Belarus | -2.87% | -415.4% |
| 152nd | Jamaica | -2.87% | -438.9% |
| 153rd | Viet Nam | -2.86% | -620.7% |
| 154th | Djibouti | -2.58% | -162.4% |
| 155th | Nicaragua | -2.57% | -129.1% |
| 156th | Norway | -2.56% | -139.2% |
| 157th | Tanzania | -2.56% | -24.2% |
| 158th | Cambodia | -2.53% | -215.5% |
| 159th | Solomon Islands | -2.44% | -60.0% |
| 160th | United Arab Emirates | -2.42% | -196.8% |
| 161st | Gambia, The | -2.37% | 13.7% |
| 162nd | Afghanistan | -2.24% | -112.0% |
| 163rd | Gabon | -2.19% | -203.0% |
| 164th | Qatar | -2.13% | -313.6% |
| 165th | Korea | -2.11% | -699.7% |
| 166th | Haiti | -1.96% | 2.0% |
| 167th | Vanuatu | -1.95% | -169.3% |
| 168th | Bhutan | -1.81% | -21.6% |
| 169th | Equatorial Guinea | -1.77% | -197.1% |
| 170th | Angola | -1.66% | -339.4% |
| 171st | Congo, Republic of | -1.11% | -125.7% |
| 172nd | Andorra | -1.07% | -146.2% |
| 173rd | Puerto Rico (US) | -0.55% | -129.0% |
| 174th | Comoros | -0.52% | 88.0% |
| 175th | Zimbabwe | -0.34% | 80.4% |
| 176th | Turkmenistan | -0.16% | 60.7% |
| 177th | Kuwait | 0.14% | -98.9% |
| 178th | Somalia, Fed. Rep. | 0.29% | 4.0% |
| 179th | Denmark | 0.36% | -91.5% |
| 180th | Lesotho | 1.18% | 120.7% |
| 181st | Chad | 1.24% | 1,212.6% |
| 182nd | Marshall Islands | 2.54% | 240.7% |
| 183rd | Mauritania | 2.78% | 5.1% |
| 184th | São Tomé and Principe | 2.94% | 4,554.5% |
| 185th | Kiribati | 3.57% | -67.0% |
| 186th | Tonga | 5.25% | 60.0% |
| 187th | Samoa | 5.41% | 258.9% |
| 188th | Micronesia, Federated States of | 6.42% | -67.1% |
| 189th | Liechtenstein | 7.39% | 105.4% |
| 190th | Tuvalu | 13.69% | 1,377.1% |
| 191st | Nauru | 42.81% | 38.1% |
FAQ
What was Libya's budget deficit in 2020?▾
Libya's budget deficit in 2020 was -22.27%. This ranked 3rd globally.
How did Libya's budget deficit change in 2020?▾
Libya's budget deficit decreased by 286.7% in 2020 compared to 2019.
Which country had the highest budget deficit in 2020?▾
Nauru had the highest budget deficit in 2020 at 42.81%.
What is the budget deficit of Libya in 2020?▾
The budget deficit of Libya in 2020 was -22.27%. This ranked 3rd globally.
How does 2020 compare to 2019 for Libya's budget deficit?▾
Libya's budget deficit went from 11.93% in 2019 to -22.27% in 2020, a 286.7% decrease.
Related
2019
2021
All years
Full ranking 2020
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