Japan: Central government deficit (% of GDP)

Name: Japan: Central government deficit (% of GDP)
Creator: Global Macro Database
License: https://www.globalmacrodata.com/license.html

Percent of GDP · 1885–2024 · 139 observations · cgovdef_GDP

2024: −3.08%percent of GDP
Change on 2023: +0.7 pointsfrom −3.77%
Average, 2015–2024: −4.97%10 years
Record high and low: 17.7% (1907)low −27.6% (1946)

Central government deficit (% of GDP)

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Percent of GDP

Compare with other countries →Definition of Central government deficit (% of GDP)

Recent values

Percent of GDP

Year	Value
2024	-3.08
2023	-3.77
2022	-5.42
2021	-7.73
2020	-10.5
2019	-3.73
2018	-3.15
2017	-3.51
2016	-4.41
2015	-4.42

Sources

Mitchell1885–2010
IMF Government Finance Statistics1972–2024

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Japan documentation (PDF)

Please cite: Müller, K., Xu, C., Lehbib, M., & Chen, Z. (2025). The Global Macro Database: A New International Macroeconomic Dataset. NBER Working Paper 33714. BibTeX →

GMD release 2026_09 · License & terms

Central government deficit (% of GDP)

Recent values

Sources

More for Japan

Central government deficit (% of GDP) elsewhere