The structural budget balance refers to the general government cyclically adjusted balance adjusted for nonstructural elements beyond the economic cycle. These include temporary financial sector and asset price movements as well as one-off, or temporary, revenue or expenditure items. The cyclically adjusted balance is the fiscal balance adjusted for the effects of the economic cycle; see, for example, A. Fedelino. A. Ivanova and M. Horton "Computing Cyclically Adjusted Balances and Automatic Stabilizers" IMF Technical Guidance Note No. 5, http://www.imf.org/external/pubs/ft/tnm/2009/tnm0905.pdf.
| 1990 | 2000 | 2005 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Angola | 3.0 | 1.8 | 2.5 | -1.3 | -3.2 | -6.2 | 0.3 | -1.8 | -3.9 | 3.5 | 1.9 | 0.5 | 2.4 | ||
| Grenada | -3.8 | -3.0 | -1.9 | -2.9 | -2.9 | -3.8 | -4.8 | -1.3 | 2.4 | 2.8 | 4.3 | 5.1 | 3.5 | 2.1 | |
| Dominican Republic | -2.0 | -0.4 | -3.1 | -3.0 | -6.1 | -3.1 | -1.5 | 2.3 | -0.1 | 0.1 | 0.3 | 0.8 | -3.2 | 0.9 | |
| हांगकांग | 1.2 | -1.4 | 0.7 | 4.3 | 3.4 | 3.2 | 1.0 | 3.6 | 0.7 | 4.7 | 5.5 | 2.3 | 0.3 | -5.2 | 0.8 |
| Luxembourg | 4.7 | 0.8 | -0.2 | 0.9 | 0.9 | 0.9 | 1.3 | 1.5 | 1.1 | 1.2 | 3.0 | 1.9 | -2.0 | 0.7 | |
| Russian Federation | 2.6 | 7.8 | -2.4 | 1.5 | 0.1 | -1.6 | -0.1 | -3.1 | -3.2 | -1.0 | 2.9 | 2.0 | -4.4 | 0.5 | |
| Ireland | 3.8 | 0.5 | -9.7 | -7.7 | -6.0 | -4.9 | -3.3 | -1.7 | -1.6 | -0.7 | -0.1 | 0.3 | -1.4 | 0.4 | |
| Bosnia and Herzegovina | -7.9 | 1.6 | -4.2 | -2.4 | -1.3 | 0.0 | -1.2 | 0.8 | 0.8 | 1.9 | 1.1 | 0.6 | -2.8 | 0.4 | |
| Ecuador | 0.4 | -0.3 | -1.5 | -3.9 | -8.5 | -8.6 | -6.6 | -8.5 | -4.2 | -6.2 | -3.4 | -4.5 | 0.4 | ||
| Republic of Korea | 4.0 | 1.0 | 1.5 | 1.6 | 1.8 | 0.9 | 0.7 | 0.7 | 1.8 | 2.3 | 2.6 | 0.5 | -1.5 | 0.2 | |
| Sweden | -1.4 | 1.1 | 0.4 | -0.6 | -0.8 | -0.9 | -0.9 | -0.7 | 0.7 | 0.9 | 0.3 | -0.2 | -1.6 | -0.3 | |
| Switzerland | -0.9 | -0.3 | -0.3 | 0.4 | 0.7 | 0.4 | -0.4 | -0.2 | 0.6 | 0.2 | 1.2 | 1.1 | 1.2 | -2.3 | -0.5 |
| Portugal | -4.2 | -5.6 | -7.7 | -5.3 | -1.6 | -0.2 | 1.0 | 0.1 | -0.1 | -0.3 | -0.1 | -0.1 | -0.9 | -0.6 | |
| Taiwan Province of China | -3.7 | -6.3 | -2.5 | -5.3 | -4.3 | -4.3 | -3.2 | -3.0 | -1.8 | -2.1 | -2.0 | -1.8 | -1.6 | -2.7 | -0.7 |
| Lithuania | -1.2 | -4.5 | -4.2 | -2.3 | -1.6 | -0.9 | -0.3 | 0.5 | 0.5 | 0.5 | 0.3 | -6.6 | -1.2 | ||
| Denmark | 0.8 | -0.9 | 2.5 | -1.2 | -0.3 | -0.4 | -0.4 | 1.3 | 1.1 | -0.1 | 0.6 | 0.4 | 1.0 | 0.3 | -1.3 |
| Cyprus | -1.5 | -2.6 | -5.6 | -5.1 | -4.2 | -2.1 | 1.5 | 3.4 | 1.2 | 1.3 | 2.0 | 0.4 | -4.1 | -1.3 | |
| Uruguay | -3.5 | 0.6 | -1.7 | -1.5 | -2.0 | -3.1 | -3.4 | -2.4 | -3.0 | -3.2 | -1.0 | -1.4 | -2.8 | -1.6 | |
| Slovakia | -6.5 | -2.3 | -6.7 | -3.8 | -3.3 | -1.5 | -2.6 | -3.3 | -3.0 | -1.5 | -1.6 | -1.8 | -1.8 | -1.7 | |
| Guatemala | -2.1 | -1.4 | -3.1 | -2.4 | -2.5 | -2.2 | -2.0 | -1.6 | -1.2 | -1.4 | -1.9 | -2.3 | -4.2 | -1.9 | |
| Netherlands | -4.8 | -0.7 | 0.2 | -4.8 | -4.4 | -2.8 | -1.2 | -0.6 | -0.9 | 0.8 | 1.3 | 0.9 | 1.1 | -1.3 | -1.9 |
| Singapore | 2.0 | 0.3 | 1.3 | 2.5 | 2.4 | 1.5 | 1.0 | -0.7 | 0.8 | 1.8 | 0.7 | 1.7 | -7.9 | -2.3 | |
| Finland | 2.4 | 4.9 | 2.1 | -1.7 | -1.4 | -1.5 | -0.9 | -0.7 | 0.1 | -0.4 | -0.9 | -1.0 | -1.2 | -3.3 | -2.4 |
| Belarus | -4.2 | -3.6 | -0.2 | -1.5 | -0.8 | -2.2 | 0.0 | 0.4 | 1.5 | 0.3 | -3.1 | -2.7 | |||
| Croatia | -6.2 | -6.2 | -6.2 | -6.1 | -6.4 | -4.9 | -2.6 | -0.9 | 0.8 | 1.3 | -0.6 | -5.1 | -2.8 | ||
| Bulgaria | -0.5 | 2.1 | -3.6 | -2.0 | -0.3 | -1.2 | -3.1 | -2.7 | 1.4 | 0.7 | 0.1 | 0.8 | -1.7 | -2.9 | |
| Georgia | -1.0 | -0.9 | -3.2 | -3.2 | -2.9 | -3.4 | -3.7 | -3.1 | -2.1 | -1.1 | -0.8 | -5.3 | -3.0 | ||
| Mexico | -2.5 | -0.5 | -3.8 | -4.0 | -4.5 | -4.1 | -4.6 | -4.4 | -3.9 | -2.1 | -2.3 | -1.8 | -2.5 | -3.0 | |
| Germany | -4.8 | -2.4 | -2.7 | -1.4 | 0.0 | 0.6 | 1.2 | 1.2 | 1.2 | 1.1 | 1.6 | 1.3 | -2.9 | -3.0 | |
| Poland | -3.9 | -3.7 | -7.4 | -5.6 | -3.7 | -3.5 | -3.0 | -2.3 | -2.0 | -1.5 | -1.2 | -1.4 | -6.6 | -3.1 | |
| United Kingdom | -3.8 | 0.9 | -3.5 | -6.4 | -5.0 | -5.2 | -3.2 | -3.9 | -3.6 | -2.8 | -2.3 | -2.4 | -2.7 | 0.5 | -3.2 |
| Ukraine | -2.1 | -2.7 | -3.1 | -4.4 | -4.8 | -3.0 | -3.9 | -1.7 | -2.0 | -3.3 | -1.8 | -5.3 | -3.5 | ||
| Israel | -3.5 | -1.6 | -3.5 | -3.7 | -4.2 | -4.2 | -2.5 | -0.8 | -2.0 | -2.4 | -3.8 | -4.2 | -9.4 | -3.6 | |
| Indonesia | 0.6 | -1.5 | -1.0 | -1.9 | -2.5 | -2.3 | -2.7 | -2.5 | -2.4 | -1.7 | -2.2 | -5.0 | -3.7 | ||
| Argentina | -4.6 | 4.4 | -0.8 | -3.7 | -3.5 | -4.0 | -4.0 | -6.4 | -6.9 | -7.1 | -4.7 | -3.7 | -5.3 | -3.7 | |
| Peru | -2.0 | -0.7 | -0.1 | 1.2 | 1.3 | 0.1 | -0.1 | -1.5 | -1.8 | -2.1 | -1.6 | -0.6 | -6.0 | -3.7 | |
| Canada | -7.4 | 1.4 | 1.1 | -3.7 | -3.1 | -2.3 | -1.5 | -0.6 | 0.0 | 0.1 | -0.3 | 0.0 | -0.2 | -8.6 | -4.0 |
| Estonia | 0.3 | -0.4 | 0.9 | 0.5 | 1.2 | 1.2 | 1.4 | 1.3 | 0.3 | -0.8 | -1.0 | -0.3 | -5.4 | -4.0 | |
| Brazil | -3.5 | -2.6 | -5.1 | -3.8 | -3.7 | -4.7 | -7.5 | -10.0 | -7.7 | -6.8 | -6.5 | -5.7 | -11.7 | -4.0 | |
| Iceland | -4.0 | 2.0 | 5.0 | -1.3 | -4.8 | -0.8 | -1.4 | -0.3 | -0.2 | 0.7 | -1.1 | -1.6 | -4.1 | -4.2 | -4.1 |
| Serbia | 0.9 | -4.0 | -4.7 | -5.5 | -5.2 | -5.0 | -3.1 | -1.2 | 1.1 | 0.7 | -0.5 | -5.9 | -4.3 | ||
| Barbados | 5.5 | -3.3 | -8.4 | -4.1 | -7.9 | -10.0 | -7.4 | -9.3 | -5.6 | -4.5 | -0.3 | 3.8 | -3.9 | -4.3 | |
| Spain | -1.4 | -0.3 | -7.8 | -6.8 | -2.7 | -1.7 | -1.2 | -2.1 | -2.5 | -2.4 | -2.2 | -3.1 | -5.4 | -4.3 | |
| El Salvador | -1.8 | -3.3 | -4.6 | -4.5 | -4.0 | -4.6 | -4.0 | -3.6 | -3.1 | -2.5 | -2.7 | -3.1 | -4.0 | -4.4 | |
| Austria | -4.0 | -2.2 | -3.8 | -3.0 | -2.2 | -2.0 | -0.7 | 0.1 | -1.1 | -0.9 | -0.8 | -0.6 | -4.8 | -4.5 | |
| Malaysia | -7.2 | -3.0 | -4.7 | -3.3 | -3.3 | -3.2 | -2.5 | -2.7 | -2.7 | -2.6 | -3.6 | -1.6 | -3.5 | -4.6 | |
| Greece | -4.6 | -3.6 | -5.8 | -8.6 | -3.6 | 2.8 | 5.3 | 3.4 | 3.4 | 5.9 | 5.2 | 4.3 | 3.5 | -2.9 | -4.6 |
| Belgium | -8.4 | -0.8 | -0.6 | -3.8 | -4.0 | -3.5 | -2.8 | -2.5 | -1.8 | -1.6 | -0.5 | -1.0 | -2.2 | -7.5 | -5.0 |
| New Zealand | 0.4 | 3.2 | -4.4 | -3.7 | -1.1 | -0.3 | 0.4 | 0.6 | 1.0 | 1.1 | 0.9 | -2.0 | -3.5 | -5.0 | |
| Kazakhstan | 6.0 | 1.8 | 5.7 | 4.3 | 4.5 | 1.9 | -6.4 | -4.2 | -4.2 | 2.3 | -1.3 | -6.7 | -5.0 | ||
| Jordan | -1.5 | -6.1 | -6.6 | -7.4 | -8.5 | -11.2 | -9.9 | -4.0 | -3.3 | -2.4 | -2.2 | -3.6 | -6.4 | -5.0 | |
| France | -3.1 | -2.2 | -3.8 | -5.8 | -4.7 | -3.9 | -2.8 | -2.5 | -2.1 | -1.9 | -1.9 | -1.5 | -2.1 | -5.7 | -5.1 |
| Italy | -12.4 | -3.6 | -4.5 | -3.7 | -4.0 | -1.6 | -0.5 | -1.0 | -0.6 | -1.2 | -1.5 | -1.6 | -0.9 | -6.0 | -5.1 |
| Turkey | -9.5 | -3.2 | -3.0 | -1.4 | -2.4 | -2.8 | -2.3 | -2.3 | -3.1 | -3.6 | -5.3 | -6.1 | -5.0 | -5.1 | |
| Thailand | -1.0 | 0.5 | 1.3 | 2.6 | -0.9 | -0.4 | 0.4 | 2.5 | 1.0 | 1.5 | 1.7 | 1.0 | -2.7 | -5.3 | |
| Mauritius | -0.8 | 0.0 | -0.6 | -0.2 | 0.5 | 0.9 | -0.5 | -1.4 | -1.2 | -1.3 | -1.5 | -2.1 | -8.3 | -13.5 | -5.3 |
| South Africa | -1.2 | 0.0 | -3.7 | -3.6 | -4.0 | -4.0 | -4.0 | -4.2 | -3.6 | -3.8 | -3.8 | -4.5 | -5.7 | -5.3 | |
| Panama | -1.0 | -2.2 | -0.9 | -1.8 | -1.7 | -2.5 | -3.1 | -2.4 | -2.0 | -2.7 | -4.2 | -4.7 | -6.1 | -5.4 | |
| Costa Rica | -3.8 | -2.4 | -5.1 | -4.1 | -4.6 | -5.4 | -5.7 | -5.4 | -5.2 | -6.2 | -6.4 | -6.9 | -6.7 | -5.5 | |
| China | -2.2 | -0.6 | -0.9 | -0.5 | -0.4 | -0.9 | -0.7 | -2.2 | -3.1 | -3.2 | -4.1 | -5.7 | -8.1 | -5.5 | |
| Philippines | -2.1 | -3.7 | -1.9 | -2.3 | -0.3 | -0.4 | 0.2 | 0.7 | 0.6 | -0.4 | -0.5 | -1.6 | -1.6 | -3.5 | -5.6 |
| Morocco | -5.1 | -5.9 | -4.3 | -6.9 | -7.7 | -5.9 | -6.6 | -5.2 | -5.3 | -4.6 | -3.9 | -3.8 | -5.2 | -5.9 | |
| Slovenia | -3.1 | -1.1 | -5.1 | -6.9 | -3.0 | -12.8 | -4.4 | -1.9 | -1.8 | 0.0 | 0.3 | -0.2 | -6.5 | -6.0 | |
| Guyana | -7.4 | -10.1 | -3.4 | -5.2 | -4.1 | -3.1 | -3.3 | 1.4 | -0.7 | -4.8 | -4.5 | -4.3 | -5.9 | -6.1 | |
| Hungary | -1.9 | -10.3 | -4.1 | -4.2 | 0.1 | -0.6 | -1.9 | -1.4 | -1.6 | -2.9 | -3.1 | -3.4 | -7.3 | -6.1 | |
| Australia | -0.3 | 1.3 | 1.6 | -4.9 | -4.4 | -3.4 | -2.7 | -2.7 | -2.6 | -2.2 | -1.6 | -1.1 | -4.0 | -7.9 | -6.2 |
| Colombia | -3.7 | 0.6 | -2.7 | -2.8 | -1.4 | -2.8 | -3.3 | -3.9 | -1.5 | -1.3 | -1.9 | -1.6 | -4.5 | -6.2 | |
| Tunisia | -3.6 | -2.7 | -1.0 | -3.0 | -5.6 | -6.1 | -4.1 | -5.1 | -6.1 | -6.1 | -5.0 | -4.4 | -7.3 | -6.2 | |
| Suriname | -3.4 | -0.4 | 1.8 | -2.7 | -4.4 | -5.6 | -7.5 | -8.0 | -6.0 | -5.0 | -21.6 | -10.8 | -6.3 | ||
| Czech Republic | -2.9 | -3.6 | -4.2 | -2.3 | -0.9 | 0.4 | -0.1 | -0.2 | 0.9 | 0.8 | 0.2 | -0.8 | -5.5 | -6.3 | |
| Japan | -7.2 | -5.0 | -7.6 | -7.6 | -7.2 | -7.2 | -5.5 | -4.2 | -4.0 | -3.4 | -2.5 | -2.6 | -8.2 | -6.3 | |
| Paraguay | 2.4 | 1.0 | 2.0 | -0.5 | -0.6 | -0.4 | -1.6 | -0.1 | -1.6 | -2.2 | -3.2 | -6.5 | -6.4 | ||
| Latvia | -0.9 | -5.1 | -1.8 | -0.4 | -0.9 | -0.6 | -1.0 | 0.2 | -1.1 | -1.5 | -1.5 | -3.1 | -6.5 | ||
| Egypt | -8.6 | -9.6 | -9.9 | -13.2 | -11.4 | -11.1 | -11.6 | -10.1 | -9.1 | -7.4 | -6.7 | -7.2 | |||
| Malta | -5.9 | -4.1 | -3.6 | -2.6 | -3.2 | -1.4 | -1.5 | -2.1 | 0.7 | 3.3 | 1.4 | 0.3 | -6.6 | -7.3 | |
| Romania | -1.0 | -5.9 | -3.1 | -1.6 | -1.5 | -0.2 | -0.2 | -1.7 | -3.6 | -3.9 | -5.5 | -5.3 | -7.6 | ||
| India | -8.5 | -7.4 | -9.1 | -8.6 | -7.3 | -6.5 | -6.6 | -7.0 | -7.4 | -6.2 | -6.8 | -7.4 | -8.7 | -8.3 | |
| United States of America | -2.6 | -8.2 | -6.7 | -5.0 | -3.2 | -2.7 | -2.5 | -3.6 | -4.1 | -5.1 | -5.7 | -10.8 | -9.5 | ||
| Norway | -6.7 | -1.2 | -3.0 | -4.9 | -4.2 | -4.7 | -5.1 | -6.0 | -7.0 | -8.0 | -8.1 | -7.3 | -7.3 | -12.3 | -10.1 |
| Chile | 1.1 | -1.9 | -1.0 | -0.4 | -0.5 | -0.5 | 0.5 | -1.0 | -2.0 | -1.5 | -1.7 | -2.2 | -12.1 | ||
| Lebanon | -15.5 | -11.9 | -11.5 | -13.5 | -13.3 | -12.1 | -11.5 | -13.8 | -12.7 | -17.6 | -17.6 | -5.4 |