## Appendix Table 2. Western Hemisphere: Main Fiscal Indicators

## Source details

**Canonical URL:** [Appendix Table 2. Western Hemisphere: Main Fiscal Indicators](https://www.imf.org/-/media/files/publications/reo/whd/2020/oct/english/fiscalindicators.pdf)

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### Overview
- Table presents General Government Primary Expenditure (Percent of GDP), General Government Primary Balance (Percent of GDP), and General Government Gross Debt (Percent of GDP) for 2017–2021 (projections for 2020–2021).
- Cutoff date for data and projections: September 28, 2020.
- Regional aggregates are fiscal year US dollar nominal GDP-weighted averages.

### North America (aggregate)
- Primary Expenditure: 32.5, 32.4, 32.8, 44.4, 35.1
- Primary Balance: 22.1, 23.1, 23.6, 21.6, 26.6
- Gross Debt: 101.7, 102.7, 104.2, 126.9, 129.1

### United States (noting comparability adjustment)
- Primary Expenditure: 32.8, 32.6, 33.0, 44.7, 35.2
- Primary Balance: 22.6, 23.6, 24.1, 16.7, 26.9
- Gross Debt: 105.7, 106.9, 108.7, 131.2, 133.6
- Note: For cross-country comparability, expenditure and fiscal balances of the United States exclude items related to accrual accounting of government employees’ defined-benefit pension plans.

### Canada
- Primary Expenditure: 37.7, 38.2, 38.3, 54.4, 43.0
- Primary Balance: 20.2, 20.2, 21.9, 8.2, 28.2
- Gross Debt: 90.5, 89.7, 88.6, 114.6, 115.0

### Mexico
- Primary Expenditure: 21.7, 21.5, 22.4, 25.9, 22.4
- Primary Balance: 2.6, 1.6, 1.3, 2.2, 0.25
- Gross Debt: 54.0, 53.6, 53.6, 53.7, 65.5, 65.6 (table presents multiple entries—preserve as shown)

### South America (aggregate)
- Primary Expenditure: 30.9, 31.0, 29.8, 35.7, 31.1
- Primary Balance: 22.9, 22.5, 21.1, 29.6, 23.3
- Gross Debt: 64.6, 74.8, 76.9, 87.3, 86.3

### Selected South American countries
- Argentina:
  - Primary Expenditure: 38.7, 36.2, 34.3, 41.6, . . .
  - Primary Balance: 24.2, 22.3, 20.4, 28.5
  - Gross Debt: . . . , 57.0, 86.4, 90.4, 96.7, . . .
- Brazil:
  - Primary Expenditure: 37.5, 35.9, 34.7, 34.5, 32.5
  - Primary Balance: 26.7, 27.0, 25.8, 27.0, 25.4
  - Gross Debt: 51.3, 53.8, 59.0, 69.4, 68.3
- Chile:
  - Primary Expenditure: 30.6, 30.8, 30.9, 38.9, 31.4
  - Primary Balance: 21.8, 21.7, 21.0, 12.0, 23.1
  - Gross Debt: 83.7, 87.1, 89.5, 101.4, 102.8
- Colombia:
  - Primary Expenditure: 24.6, 24.5, 24.9, 28.3, 29.0
  - Primary Balance: 22.3, 21.1, 22.3, 28.1, 23.7
  - Gross Debt: 23.6, 25.6, 27.9, 32.8, 37.5
- Peru:
  - Primary Expenditure: 18.5, 19.4, 22.0, 24.3, 22.0, 0.1 (table entries include multiple lines—preserve as shown)
  - Primary Balance: 20.6, 22.6, 26.3, 23.2
  - Gross Debt: 19.8, 22.2, 26.1, 35.5, 35.7
- Uruguay:
  - Primary Expenditure: 20.1, 20.2, 21.5, 21.9, 20.6, 0.6 (multiple lines)
  - Primary Balance: 20.6, 22.9, 21.2
  - Gross Debt: 61.0, 63.4, 65.9, 69.5, 69.0
- Venezuela:
  - Primary Expenditure: 37.7, 48.4, 21.3, . . ., . . .
  - Primary Balance: 223.0, 231.0, 210.0
  - Gross Debt: . . . , 26.0, 180.8, 232.8, . . . , . . .

### Central America, Panama, and the Dominican Republic (CAPDR)
- CAPDR aggregate:
  - Primary Expenditure: 17.0, 16.8, 16.7, 19.2, 17.8
  - Primary Balance: 20.7, 20.6, 20.6, 24.8, 22.1
  - Gross Debt: 41.2, 43.5, 46.2, 57.3, 59.9
- Costa Rica:
  - Primary Expenditure: 16.7, 16.0, 17.0, 17.3, 16.1
  - Primary Balance: 23.0, 22.3, 22.8, 24.4, 22.0
  - Gross Debt: 48.3, 53.1, 58.4, 70.1, 74.8
- Dominican Republic:
  - Primary Expenditure: 14.6, 13.7, 13.8, 17.1, 13.7
  - Primary Balance: 20.5, 0.4, 0.6, 24.6, 0.2
  - Gross Debt: 49.2, 50.7, 53.8, 68.8, 68.2

### Central America (selected)
- El Salvador:
  - Primary Expenditure: 21.8, 21.6, 21.6, 29.1, 24.6, 0.7, 1.0, 0.6 (multiple entries shown)
  - Primary Balance: 28.8, 23.5
  - Gross Debt: 67.2, 68.0, 69.4, 89.0, 92.5
- Guatemala (central government):
  - Primary Expenditure: 11.3, 11.7, 11.9, 14.1, 12.7, 0.1
  - Primary Balance: 20.3, 20.6, 23.8, 21.8
  - Gross Debt: 25.1, 26.5, 26.6, 32.2, 33.9
- Honduras:
  - Primary Expenditure: 24.7, 24.0, 23.6, 26.0, 26.6, 0.2, 0.8, 0.8
  - Primary Balance: 22.5, 21.7
  - Gross Debt: 38.9, 40.1, 40.3, 46.0, 50.4
- Nicaragua:
  - Primary Expenditure: 26.0, 26.4, 26.3, 29.0, 28.6
  - Primary Balance: 20.7, 21.9, 0.8
  - Gross Debt: 23.0, 22.1, 34.1, 37.5, 42.1, 48.3, 50.3
- Panama:
  - Primary Expenditure: 20.4, 21.1, 19.6, 21.5, 22.5
  - Primary Balance: 20.5, 21.5, 21.5, 26.8, 24.9
  - Gross Debt: 34.8, 36.8, 41.0, 55.0, 60.1

### Caribbean — Tourism-Dependent (aggregate)
- Primary Expenditure: 21.7, 21.9, 21.2, 24.9, 24.1, 2.1, 2.3, 2.8 (table shows multiple lines)
- Primary Balance: 22.4, 20.5
- Gross Debt: 80.6, 76.5, 77.0, 89.0, 89.1

### Selected Caribbean — Tourism-Dependent countries (examples)
- Antigua and Barbuda:
  - Primary Expenditure: 20.9, 20.5, 20.2, 27.2, 24.3
  - Primary Balance: 20.1, 20.7, 21.1, 29.3, 22.1
  - Gross Debt: 92.3, 90.7, 84.5, 113.7, 112.7
- The Bahamas:
  - Primary Expenditure: 23.7, 23.8, 22.6, 41.9, 26.9, 1.7, 1.9, 4.8, 218.4, 20.5 (table entries include multiple lines; preserve as shown)
  - Primary Balance: 86.7, 83.4, 81.3, 127.1, 120.3
- Barbados:
  - Primary Expenditure: 19.8, 16.8, 17.3, 20.1, 22.5
  - Primary Balance: 23.1, 20.8, 0.8, 23.3, 26.6
  - Gross Debt: 53.0, 61.0, 58.8, 68.7, 82.0
- Belize:
  - Primary Expenditure: 25.3, 25.8, 24.9, 28.2, 27.4, 3.3, 3.5, 6.3, 1.0, 3.5
  - Primary Balance: 158.3, 125.6, 122.2, 134.1, 124.5 (table shows consolidated multiple lines)
- Jamaica:
  - Primary Expenditure: 17.4, 18.7, 14.0, 19.4, 21.5, 0.3
  - Primary Balance: 21.4, 21.8, 25.6, 24.3
  - Gross Debt: 38.0, 39.7, 47.7, 54.7, 52.4
- Trinidad and Tobago (Caribbean: Commodity Exporter):
  - Primary Expenditure: 29.9, 27.7, 27.5, 31.2, 29.6
  - Primary Balance: 28.2, 23.0, 21.3, 11.1, 24.2
  - Gross Debt: 42.5, 42.2, 45.1, 57.5, 64.3

### Caribbean — Commodity Exporters (aggregate)
- Primary Expenditure: 28.8, 27.5, 28.0, 29.4, 27.4
- Primary Balance: 27.0, 22.9, 21.9, 29.5, 23.4
- Gross Debt: 45.7, 46.0, 48.5, 60.0, 61.4

### Memorandum: Latin America and the Caribbean (LAC)
- LAC aggregate:
  - Primary Expenditure: 28.0, 27.8, 27.0, 31.8, 27.8
  - Primary Balance: 21.6, 21.4, 20.4, 27.3, 22.3
  - Gross Debt: 60.9, 67.7, 68.9, 79.3, 79.0
- LAC excluding Venezuela:
  - Primary Expenditure: 27.7, 27.4, 27.0, 32.0, 27.9
  - Primary Balance: 21.0, 20.8, 20.3, 27.3, 22.3
  - Gross Debt: 61.9, 65.5, 66.8, 76.7, 76.5

### Eastern Caribbean Currency Union (ECCU)
- ECCU aggregate:
  - Primary Expenditure: 25.2, 27.2, 26.4, 30.9, 27.5, 1.8, 0.6, 0.2 (table entries include multiple lines)
  - Primary Balance: 25.7, 21.9
  - Gross Debt: 71.0, 69.4, 67.2, 85.7, 85.2

### Notes and data definitions (selected)
- Definitions of government vary across countries; indicators reported on a fiscal year basis.
- Figures for some countries use nonfinancial public sector or central government coverage; country-specific notes provided in table footnotes (e.g., Brazil, Ecuador, Uruguay, Venezuela, Jamaica, Suriname).
- Sources: IMF, World Economic Outlook database; and IMF staff calculations and projections.

*Source: fiscalindicators (Appendix Table 2).*/

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_Source: https://www.imf.org/-/media/files/publications/reo/whd/2020/oct/english/fiscalindicators.pdf_