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Cyclically adjusted balance, % of Potential GDP

Difference between the overall balance and the automatic stabilizers; equivalently, an estimate of the fiscal balance that would apply under current policies if output were equal to potential.

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Latest, 2026−2.16%of Potential GDPAnnual release · Forecast
vs 2025−0.2 pp−1.94%
High since 19950.09% of Potential GDP1996 · IMF
Low since 1995−4.24% of Potential GDP2020 · IMF

Over time

2017 - 2026

Recent years

  1. 2026−2.16% of Potential GDP−0.2 pp
  2. 2025−1.94% of Potential GDP−0.9 pp
  3. 2024−1% of Potential GDP+0.3 pp
  4. 2023−1.28% of Potential GDP+0.4 pp
  5. 2022−1.69% of Potential GDP−0.6 pp
  6. 2021−1.04% of Potential GDP+3.2 pp
  7. 2020−4.24% of Potential GDP−2.0 pp
  8. 2019−2.21% of Potential GDP−0.4 pp
Full table
PeriodValue
2026−2.16% of Potential GDP
2025−1.94% of Potential GDP
2024−1% of Potential GDP
2023−1.28% of Potential GDP
2022−1.69% of Potential GDP
2021−1.04% of Potential GDP
2020−4.24% of Potential GDP
2019−2.21% of Potential GDP
2018−1.83% of Potential GDP
2017−1.37% of Potential GDP
2016−1.15% of Potential GDP
2015−1.61% of Potential GDP
2014−2.02% of Potential GDP
2013−2.16% of Potential GDP
2012−2.39% of Potential GDP
2011−2.88% of Potential GDP
2010−3.21% of Potential GDP
2009−3.06% of Potential GDP
2008−1.92% of Potential GDP
2007−1.75% of Potential GDP
2006−1.86% of Potential GDP
2005−1.52% of Potential GDP
2004−0.97% of Potential GDP
2003−2.4% of Potential GDP
2002−1.13% of Potential GDP
2001−2.08% of Potential GDP
2000−1.89% of Potential GDP
1999−3.08% of Potential GDP
1998−2.43% of Potential GDP
1997−0.78% of Potential GDP
19960.09% of Potential GDP
1995−0.55% of Potential GDP