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

1. Democratic Republic of Timor-Leste

General government net lending/borrowing (2023) (Percentage of GDP): -39.217%

Current GDP (2023): $2.02 billion 

Democratic Republic of Timor-Leste is an Asian country and ranks as the largest budget deficit country as a percentage of GDP. It had a GDP of $2.02 billion in 2023, whereas the country’s budget deficit amounted to 39.217% of its GDP during the same year. 

You can also look at 25 Things Every Dividend Investor Should Know and Top 15 Agricultural States in the US.