5 Countries with the Largest Budget Deficit as a Percent of GDP

4. Macao (Special Administrative Region of China)

General government net lending/borrowing (2023) (Percentage of GDP): -10.871%

Current GDP (2023): $38.48 billion 

Macao is a special administrative region of China that had a GDP of $38.48 billion in 2023. The country ranks 4th on our list of countries with the largest budget deficit as a percentage of GDP. Macao had a budget deficit of 10.871% of its GDP in 2023.