Guam General Government Structural Balance (% Potential GDP) Statistics

22, Nov 2019, EST.

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Country or Region: Guam › Change country
Economic Indicator: General Government Structural Balance (% Potential GDP) › See all Guam indicators, › See General Government Structural Balance (% Potential GDP) data for all countries
Detailed Analysis for Year: 2015 › Change year
Full Dataset: from 1980 to 2019
Dataset updated: 17th March 2015
Data Source: International Monetary Fund (IMF)
National or Regional Currency: US Dollar
Currency Symbol: US$

Data are on a national income accounts basis. The structural budget position is defined as the actual budget deficit (or surplus) less the effects of cyclical deviations of output from potential output. Because of the margin of uncertainty that attaches to estimates of cyclical gaps and to tax and expenditure elasticities with respect to national income, indicators of structural budget positions should be interpreted as broad orders of magnitude. See notes for: General government structural balance (National currency).

General Government Structural Balance (% Potential GDP) Statistics for Guam , Year 2015 - In Detail

General Government Structural Balance (% Potential GDP) for Guam in year 2015 is 1.638 %. Data are on a national income accounts basis. The structural budget position is defined as the actual budget deficit (or surplus) less the effects of cyclical deviations of output from potential output. Because of the margin of uncertainty that attaches to estimates of cyclical gaps and to tax and expenditure elasticities with respect to national income, indicators of structural budget positions should be interpreted as broad orders of magnitude.

This makes Guam No. 1 in world rankings according to General Government Structural Balance (% Potential GDP) in year 2015. The world's average General Government Structural Balance (% Potential GDP) value is -0.89 %; Guam is 2.53 more than the average.

In the previous year, 2014, General Government Structural Balance (% Potential GDP) for Guam was -3.74 % General Government Structural Balance (% Potential GDP) for Guam in 2015 was or will be 143.79% less than it was or will be in 2014.

In the following or forecasted year, 2016, General Government Structural Balance (% Potential GDP) for Guam was or will be -3.50 %, which is 313.43% less than the 2015 figure.

* Source: IMF
General Government Structural Balance (% Potential GDP) for Guam, in other Years
Year %
  2021 -2.748
  2020 -3.135
  2019 -3.061
  2018 -3.14
  2017 -3.357
  2016 -3.496
2015 1.638
  2014 -3.741
  2013 -4.433
  2012 -6.316
  2011 -6.076
  2010 -3.488
  2009 -5.914
  2008 -8.659
  2007 -8.826
  2006 -12.29
  2005 -11.337
  2004 -7.675
  2003 -9.153
  2002 -10.57
  2001 -11.884
  2000 -11.245
  1999 n/a
  1998 n/a
  1997 n/a
  1996 n/a
  1995 n/a
  1994 n/a
  1993 n/a
  1992 n/a
  1991 n/a
  1990 n/a
  1989 n/a
  1988 n/a
  1987 n/a
  1986 n/a
  1985 n/a
  1984 n/a
  1983 n/a
  1982 n/a
  1981 n/a
  1980 n/a