The statistic shows the 20 countries with the highest public surplus in 2020 in relation to the gross domestic product (GDP). In 2020, Tonga ranked 1st of the countries with the highest public surplus with an estimated surplus of around 5.84 percent of the gross domestic product.
Which country has the highest surplus?
In 2019, China was the country with the highest trade surplus with approximately 421.9 billion U.S. dollars.
Which country has a surplus budget?
List
| Rank | Country | Surplus percentage of GDP |
|---|---|---|
| 1 | United States | −18.72% |
| 2 | China | −11.88% |
| 3 | Germany | −8.18% |
| 4 | Japan | −14.15% |
Do any countries have a surplus?
The World-Leading Budget Surpluses
Countries with the biggest surpluses relative to GDP include Tuvalu and Macau, with surpluses greater than one-quarter of their respective GDPs, as well as Qatar, Tonga, and Palau, which each have one or more surplus dollars for every ten GDP dollars.
Which country has the highest current account surplus in 2018?
Germany to trump Japan again with world’s largest current account surplus: Ifo. Germany’s current account surplus will remain the world’s largest for the third year running in 2018 at $299 billion, according to Ifo.
Which country has no debt?
Saudi Arabia has maintained one of the lowest debt-to-GDP ratios due to its high export rates, which primarily consist of petroleum and petroleum goods.
What is the richest country in the world?
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| Rank | Country | GDP-PPP ($) |
|---|---|---|
| 1 | Qatar | 132,886 |
| 2 | Macao SAR | 114,363 |
| 3 | Luxembourg | 108,951 |
| 4 | Singapore | 103,181 |
Why surplus is bad for economy?
Impact on growth.
If the government is forced to increase taxes / cut spending to meet a budget surplus, it could have an adverse effect on the rate of economic growth. If government spending is cut, then it will negatively affect AD and could lead to lower growth. A budget surplus doesn’t have to cause lower growth.
What is the budget of a country?
A government budget is a document prepared by the government and/or other political entity presenting its anticipated tax revenues (Inheritance tax, income tax, corporation tax, import taxes) and proposed spending/expenditure (Healthcare, Education, Defence, Roads, State Benefit) for the coming financial year.
Which country exports the most?
Top 20 export countries worldwide in 2019 (in billion U.S. dollars)
| Exports in billion U.S. dollars | |
|---|---|
| China | 2,499.03 |
| United States of America | 1,645.63 |
| Germany | 1,489.16 |
| Netherlands | 709.23 |
Which country has the best reputation?
In 2016, the Reputation Institute ranked Sweden, Canada, and Switzerland as the most reputable countries in the world.
…
The Most Reputable Countries in the World.
| 1 Sweden | |
| 2016 | 78.3 |
| 2015 | 76.6 |
| 2014 | 75.1 |
| 2013 | 76.5 |
Does China have any debt?
As of 2020, China’s total government debt stands at approximately CN¥ 46 trillion (US$ 7.0 trillion), equivalent to about 45% of GDP. … Standard & Poor’s Global Ratings has stated Chinese local governments may have an additional CN¥ 40 trillion ($5.8 trillion) in off-balance sheet debt.
What is China’s current account surplus?
The Munich-based Ifo institute said China’s current account surplus, which measures the flow of goods, services and investments, more than doubled to $310 billion last year.
What does America import the most?
What Are the Major U.S. Imports?
- Machinery (including computers and hardware) – $386.4 billion.
- Electrical machinery – $367.1 billion.
- Vehicles and automobiles – $306.7 billion.
- Minerals, fuels, and oil – $241.4 billion.
- Pharmaceuticals – $116.3 billion.
- Medical equipment and supplies – $93.4 billion.
17 дек. 2019 г.
Which countries have trade surplus with China?
China incurred the highest trade surpluses at the expense of the following countries.
- United States: US$295.3 billion (country-specific trade surplus in 2019)
- Hong Kong: $270.6 billion.
- Netherlands: $62.7 billion.
- India: $57 billion.
- United Kingdom: $38.4 billion.
- Vietnam: $33.9 billion.
- Mexico: $32 billion.
8 февр. 2021 г.