List of countries by government budget (PPP) explained

This article includes a list of countries by their partial forecasted estimated government budgets. The GDP dollar (INT$) data given on this page are derived from purchasing power parity (PPP) calculations.

Comparisons using PPP are arguably more useful than nominal when assessing a nation's domestic market because PPP takes into account the relative cost of local goods, services and inflation rates of the country, rather than using international market exchange rates which may distort the real differences in per capita income. PPP is often used to gauge global poverty thresholds and is used by the United Nations in constructing the human development index.[1] It is however limited when measuring financial flows between countries.[2] These surveys such as the International Comparison Program include both tradable and non-tradable goods in an attempt to estimate a representative basket of all goods.[1]

Estimating budgets

Note: For some federations like Brazil, only the federal budget is shown. For most other countries the total budget is shown. Although Germany is a federation, the statistics for Germany represent total general government spending.[3] Similar to Germany, Russia has a federative structure and a three layer budget system, here the total government spending is shown.[4]

List

Data are in millions of international dollars. Only sovereign states with over 500 billion in budget are included.

Rank Country ! Budget (PPP) GDP (PPP)[5] ! Govt. Expenditure
as %GDP[6]
1 9,818,534 20,807,269 47.2
2 8,761,782 24,162,435 36.2
3 2,704,833 8,681,303 31.2
4 2,519,315 5,236,138 48.1
5 2,401,598 4,454,498 53.9
6 1,863,802 2,954,196 63.1
7 1,581,438 2,978,564 53.1
8 1,499,905 4,021,733 37.3
9 1,442,434 2,415,410 59.4
10 1,380,117 3,078,901 44.8
11 1,036,915 1,808,995 57.3
12 935,041 1,773,364 52.7
13 877,998 2,381,594 36.8
14 733,147 2,424,511 30.2
15 626,022 1,608,610 38.9
16 603,152 3,328,288 18.1
17 599,032 2,293,475 26.1
18 581,944 1,307,916 44.5

See also

Europe:

United States:

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Notes and References

  1. Web site: Part 4. Applications and Limitations of ICP Data . 20 May 2014 . 6 March 2012 . https://web.archive.org/web/20120306024326/http://www.afdb.org/fileadmin/uploads/afdb/Documents/Publications/4-Applications%20and%20Limitations%20of%20ICP%20Data.pdf . live .
  2. https://www.imf.org/external/pubs/ft/fandd/2007/03/basics.htm PPP Versus the Market: Which Weight Matters?
  3. Web site: Archived copy . 2011-11-19 . dead . https://web.archive.org/web/20120129070128/http://epp.eurostat.ec.europa.eu/cache/ITY_OFFPUB/KS-EK-11-001/EN/KS-EK-11-001-EN.PDF . 2012-01-29 .
  4. Web site: Исполнение расходов :: Министерство финансов Российской Федерации . 2017-04-22 . 2017-05-08 . https://web.archive.org/web/20170508131852/http://info.minfin.ru/kons_rash_isp.php . dead .
  5. Web site: Report for Selected Country Groups and Subjects (PPP valuation of country GDP). IMF. 7 January 2021. 8 January 2021. https://web.archive.org/web/20210108173234/https://www.imf.org/en/Publications/WEO/weo-database/2020/October/weo-report?c=223,924,132,134,534,536,136,158,922,112,111,&s=GGR_NGDP,GGX_NGDP,GGXCNL_NGDP,&sy=2019&ey=2021&ssm=0&scsm=1&scc=0&ssd=1&ssc=0&sic=0&sort=country&ds=.&br=1. live.
  6. Web site: Report for Selected Country Groups and Subjects (PPP valuation of country GDP). IMF. 7 January 2021. 9 January 2021. https://web.archive.org/web/20210109065532/https://www.imf.org/en/Publications/WEO/weo-database/2020/October/weo-report?c=193,156,542,273,138,456,184,186,&s=GGR_NGDP,GGX_NGDP,GGXCNL_NGDP,&sy=2019&ey=2021&ssm=0&scsm=1&scc=0&ssd=1&ssc=0&sic=0&sort=country&ds=.&br=1. live.