Friday, January 10, 2020

Government Spending by Country


Government revenues of 228 countries totaled $23,256,968,000.  Spending totaled $25,875,789,000,.  Deficits totaled $2,618,794,000. That is revenues of $23.3 trillion, spending of $25.9 trillion and deficits of $2.62 trillion.


Even Communist countries know that it requires an robust Private Sector Economy to generate GDP to pay the taxes required to fund governments.  Governments have overspent and overborrowed because of low interest rates. Some countries are in trouble because they ran out of cash to pay their loans.  Zimbabwe, Venezuela and others have printed money and suffered hyperinflation.

Other countries have been “war torn” for decades. Somalia, Yemen, Syria, South Sudan and others have “war damage” and it will take decades to recover.  Many European countries need to reduce their government spending that ranges from 40% to 52% of GDP. Reducing the VAT Tax from 20% and leaving the EU should be considered.

Governments reporting a Surplus were Germany, S Korea, Netherlands, Sweden, Switzerland, Norway, Taiwan, New Zealand, Hong Kong, Uzbekistan, Macau, Iceland and Jamaica.  Governments spend on infrastructure to support Private Sector development. 

The data below lists countries by GDP and includes their revenue, spending, deficits and the % of Spending/GDP.

Country        GDP      Revenue Spending   Deficit   Sp/GDP 
US               $21.44T   $6.028T  $6,807T   -$887B   32%
China          $14.14T    $3.312T  $3.787T   -$475B   26%
Japan          $5.154T   $1.678T   $1.888T   -$210B   37%
Germany     $3.863T   $1.598T   $1,173T    +$25B   30%
India            $2.936T   $544.4B   $725.1B   -$181B   25%
UK               $2.744T   $1.077T   $1.120T    -$43B   41%  
France         $2.707T   $1.334T   $1.412T    -$78B   52%
Italy             $1.989T   $884.5B   $927.8B    -$43B    47%  
Brazil           $1.847T   $618.9B   $779.5B   -$161B   39%
Canada       $1.731T   $623.7B   $657.4B    -$34B    38%
Russia        $1.638T   $253.9B   $287.5B  -$33.6B   18%
S Korea      $1.630T   $351.6B   $338.0B  +$13.6B   21%
Spain          $1.398T   $492.4B   $535.9B  -$43.5B   38%  
Australia     $1.376T   $461.0B   $484.9B   -$23.9B   35%
Mexico        $1.274T    $292.8B   $314.9B  -$22.1B   25% 
Indonesia   $1.112T   $130.6B    $154.8B   -$24.2B  14%

Netherlands  $902.4B   $344.8B  $340.2B   +$4.6B  38% 
Turkey         $743.7B   $173.9B  $190.4B  -$16.5B  26%   
Saudi Arabia $779.3B   $260.0B  $294.9B   -$34.9B  38%
Switzerland   $715.4B   $223.5B  $222.0B   +$1.4B   31%

Taiwan        $586.1B   $93.0B      $91.7B    +$1.33B  16%
Poland        $565.9B   $90.8B     $102.2B   -$11.14B  18%
Thailand     $529.2B   $82.0B     $107.0B   -$18.0B   20%
Sweden      $529.0B   $274.8B    $269.9B   +$4.9B    51%
Belgium      $517.6B   $249.7B    $260.0B   -$10.3B   50%

Iran             $458.5B   $77.2B      $86.2B    -$9.02B  19%
Austria        $447.7B   $197.8B    $201.9B   -$4.1B   45%
Argentina    $445.5B   $123.3B    $161.1B  -$37.8B  36%
Norway       $417.6B   $214.3B    $198.0B  +$16.3B  47%
UAE            $405.8B   $84.4B    $112.4B   -$28.96B  28%

Israel           $387.7B   $92.8B   $102.1B   -$9.28B   26%
Ireland         $384.9B   $85.4B     $87.2B   -$1.81B   23%
Hong Kong  $373.0B   $66.2B     $62.9B   +$3.33B   17%
Malaysia      $365.3B   $51.2B    $60.3B    -$9.03B   17%
Singapore    $362.8B   $53.4B     $56.5B   -$3.09B   16%
S Africa      $358.8B   $92.4B    $103.3B  -$10.92B   29%
Philippines   $356.8B   $44.7B     $53.6B    -$8.81B   15%
Denmark      $347.2B  $173.5B  $175.5B    -$2.0B     51%
Colombia     $327.9B     $85.1B    $95.3B   -$10.14B  29%
Bangladesh  $317.5B    $27.1B    $39.3B   -$12.23B  13%
Egypt            $302.3B    $35.5B    $55.1B   -$19.55B  18%

Chile          $294.2B    $56.7B    $64.9B   -$8.16B    22%  
Pakistan    $284.2B    $45.6B    $59.3B   -$13.64B  21%
Finland      $269.7B   $136.8B   $140.7B   -$3.9B     52%
Vietnam     $261.6B    $54.6B    $69.4B   -$14.78B  27%
Czech R    $247.0B     $83.6B    $83.9B   -$3.10B   34%
Romania   $243.7B    $58.5B    $65.5B   -$7.04B    27%
Portugal    $236.4B    $93.0B    $96.8B   -$3.84B    41%
Peru          $229.0B    $59.7B   $65.5B    -$5.28B   29%
Iraq           $224.5B    $64.0B    $76.4B  -$12.38B   34%   
Greece     $214.0B    $95.4B   $98.1B    -$2.72B    46%
N Zealand $204.7B     $73.2B   $71.9B     +$1.3B   35%
Qatar         $191.9B     $41.5B   $55.0B     -$13.5B   29%

Algeria       $172.8B   $52.1B   $70.7B   -$18.66B   41%
Hungary    $170.4B    $63.3B    $67.0B   -$3.33B   39%
Kazakhstan $170.3B   $34.1B    $34.9B    -$3.76B 20%
Ukraine     $150.4B   $35.6B   $38.9B    -$3.31B    26%
Kuwait       $137.6B    $52.9B   $61.4B    -$8.52B   45%
Nigeria       $123.4B    $14.0B    $22.2B    -$8.18B 18%
Morocco     $119.0B    $26.6B   $30.7B    -$4.05B   26%
Ecuador     $107.9B   $32.3B    $37.7B   -$5.40B   35%
Slovakia     $106.6B   $37.1B    $38.5B   -$1.43B   36%

Puerto Rico $99.9B    $9.27B    $9.97B    -$706M  10%
Kenya          $98.6B   $15.4B    $20.2B    -$4.81B   21%
Cuba            $96.9B   $52.4B    $60.6B    -$8.21B   63%
Angola         $91.5B   $35.6B    $44.6B    -$9.05B   49%
Ethiopia       $91.2B    $12.1B    $14.6B    -$2.52B  16%

Dominican R $89.5B    $11.2B    $12.8B  -$1.59B  14%
Sri Lanka    $86.6B   $12.6B    $16.7B     -$4.02B  19%
Guatemala  $81.3B   $8.34B    $9.6B    -$1.265B    12%
Oman          $76.6B   $22.7B   $32.1B     -$3.39B    42%
Venezuela   $70.2B    $77.9B   $160.0B  -$82.11B   228%

Luxembourg  $69.5B   $27.6B   $27.4B     -$2.22B   39%
Panama         $68.5B   $12.6B    $13.7B    -$960M   20%
Ghana           $67.1B   $9.24B     $12.4B    -$3.14B  19%
Bulgaria         $66.3B   $19.5B    $20.3B     -$770M   31%
Myanmar       $66.0B   $9.21B     $11.5B     -$2.24B  17%
Belarus          $62.6B   $22.8B     $22.5B     -$260M   36%
Tanzania       $62.2B    $7.87B     $9.27B     -$1.4B    15%
Costa Rica    $61.0B    $8.26B   $11.34B    -$3.08B   19%
Croatia          $60.7B    $25.8B     $26.9B    -$1.13B    44%
Uzbekistan    $60.5B    $21.1B     $19.9B    +$190M   33%

Uruguay       $59.9B   $17.7B   $19.9B    -$2.21B     33%
Lebanon       $58.6B   $10.9B   $16.0B    -$5.09B    27%
Macau          $55.1B   $14.2B    $10.6B  +$3.690B   19%
Slovenia       $54.2B   $20.2B    $21.0B    -$770M    39%
Lithuania      $53.6B    $21.2B   $21.6B    -$450M     40%
Serbia          $51.6B   $16.3B    $16.9B    -$680B    33%  

Congo DR    $49.0B    $3.24B   $3.37B   -$128M    7%
Azerbaijan    $47.2B   $8.95B   $10.4B   -$548M     22%
Turkmenistan  $46.7B   $4.44B   $4.70B    -$267M   10%
Ivory Coast    $44.4B   $7.12B   $8.89B    -$1.77B   20%
Jordan           $44.2B   $9.2B     $11.8B   -$2.65B     27%
Bolivia           $42.4B   $15.0B    $17.4B    -$2.34B   41%
Paraguay      $40.7B   $5.37B    $5.88B     -$510M   14%

Tunisia          $38.7B   $9.40B    $11.6B   -$2.21B   30%
Cameroon     $38.6B   $5.15B     $6.96B   -$1.81B  18%
Bahrain         $38.2B   $5.46B    $9.28B    -$3.82B   24%
Latvia            $35.1B   $10.1B    $10.4B    -$300M   30%
Libya             $33.0B   $16.3B    $22.3B    -$5.99B   68%
Estonia          $31.0B   $9.77B   $9.89B     -$118M   32%
Sudan           $30.9B     $8.2B    $13.4B      -$5.2B    43%
Uganda         $30.7B   $4.02B    $5.27B     -$1.25B   17%

Yemen          $29.9B    $3.47B    $5.23B    -$1.77B  18%
Nepal            $29.8B    $6.99B    $8.83B    -$1.84B  30%
El Salvador   $26.9B    $5.76B    $6.75B   -$995M   25%
Cambodia     $26.7B    $4.27B    $4.69B   -$422M   18%
N Korea        $29.6B    $3.20B    $3.30B    -$100M   11%
Honduras     $24.5B    $4.38B    $5.09B    -$710M   21%
Cyprus         $24.3B    $7.68B    $7.88B    -$198M   32%
Iceland         $23.9B    $9.96B    $9.74B   +$227M   41%
Zambia         $23.9B   $4.90B    $7.05B    -$2.16B   30%
Senegal        $23.9B   $3.86B    $4.47B    -$611M   19%
PN Guinea   $23.6B    $3.65B    $4.76B    -$1.11B   20%
Trinidad        $22.6B   $6.92B     $7.84B    -$922M   35%   
Bosnia          $20.1B     $7.8B      $8.0B     -$798M   40%

Laos              $19.1B    $3.14B   $4.10B    -$954M   22%
Afghanistan   $18.7B    $1.99B   $6.64B    -$4.64B   36%
Botswana      $18.7B    $5.61B   $6.07B    -$463M   32%
Mali               $17.6B    $3.07B   $3.58B    -$516M    20%
Gabon           $16.9B    $3.12B     $4.0B    -$869M    24%

Georgia       $15.9B     $4.26B    $4.85B    -$592M   31%
Jamaica      $15.7B     $4.21B    $4.15B    +$57M     26%
Albania        $15.4B    $3.49B     $3.77B    -$279M    25%
Mozambique  $15.1B   $2.76B    $3.61B    -$849M   24%

Malta              $14.9B    $4.30B     $4.35B     -$59M   29%
Palestine        $14.6B    $2.75B     $4.05B    -$1.33B  28%
Burkina Faso  $14.6B   $2.64B    $3.33B    -$697M    23%
Namibia          $14.4B   $3.97B     $4.76B    -$792M   33%
Mauritius         $14.4B   $2.91B    $3.34B    -$425M    23%
Benin              $14.4B   $1.37B     $2.26B    -$889M   16%

Mongolia        $13.6B   $2.62B    $3.71B   -$1.09B    27%
Armenia         $13.4B   $2.54B    $2.91B    -$374M    22%
Guinea           $13.4B   $1.56B    $1.87B    -$309M    14%

Nicaragua      $12.5B    $3.80B     $4.07B    -$274M   33%
Zimbabwe       $12.8B   $3.60B    $4.80B    -$1.20B   38%
N Macedonia  $12.7B    $3.31B    $3.66B    -$341M    29%
Bahamas        $12.7B    $2.10B    $2.60B    -$500M    21%
Madagascar   $12.6B    $1.29B    $1.73B    -$443M    14%
Brunei             $12.5B    $1.44B    $4.02B    -$2.58B   32%
Eq Guinea      $12.1B    $3.19B    $3.42B    -$245M    28%

Moldova         $11.7B    $2.80B    $3.03B    -$231M   26%
R Congo        $11.6B    $2.52B    $3.34B    -$820M    29%
Chad              $11.0B    $1.18B    $1.52B    -$344M   14%

Rwanda       $10.2B     $1.87B     $2.26B    -$391M   22%
Niger            $9.4B        $1.68B     $2.24B    -$555M   24%
Haiti             $8.8B       $1.58B     $2.25B    -$671M    26%
Tajikistan      $8.2B       $2.21B     $2.32B    -$102M    28%
Kyrgyzstan  $8.2B       $2.05B     $2.30B   -$254M     28%
Kosovo        $8.0B       $1.40B     $1.61B   -$214M     20%
Malawi         $7.5B       $1.30B     $1.61B   -$314M     22%

Fiji                 $5.7B     $1.45B    $1.69B     -$241M    30%
Mauritania     $5.7B     $1.25B    $1.30B     -$53M      23%
Montenegro   $5.4B    $1.62B     $1.95B    -$330M     36%
Togo              $5.5B    $1.47B     $1.70B    -$231M     31%
Barbados       $5.2B    $1.35B     $1.65B    -$300M     32%
Virgin Is         $4.0B     $1.22B    $1.55B     -$328M    39%
Andorra         $3.2B     $1.87B    $2.03B     -$322M    63%
Greenland     $2.7B     $1.58B     $1.88B    -$298M    70%
Eritria             $2.1B     $2.03B    $2.60B    -$585M   124%
Fr Polynesia  $281K    $1.89B    $1.83B     +$58M    651%


Norb Leahy, Dunwoody GA Tea Party Leader

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