Home Rankings Budget Deficit

Budget Deficit - Ranking 1988

All countries ranked by budget deficit · IMF WEO
Year

In 1988, Equatorial Guinea (-208.50%), Solomon Islands (-16.76%), and Mongolia (-14.35%) ranked highest in budget deficit among all countries. Kuwait ranked lowest at 27.71%.

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%

FAQ

Which country has the highest budget deficit in 1988?

Equatorial Guinea has the highest budget deficit in 1988 at -208.50%.

Which country has the lowest budget deficit in 1988?

Kuwait has the lowest budget deficit in 1988 at 27.71%.

How many countries are ranked by budget deficit?

48 countries have budget deficit data for 1988.

What are the top 3 countries by budget deficit?

1. Equatorial Guinea (-208.50%), 2. Solomon Islands (-16.76%), 3. Mongolia (-14.35%).