highest budget revenues nations

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1. United States

United States of America is the largest importer of goods and services and tops the list of countries for its highest budget. It has a mixed economy which is backed by natural resources and a very well developed infrastructure.

Revenues (million USD): 2,303,000

Expenditures (million USD): 3,599,000

Deficit/Surplus (million USD): -1,296,000

2. Japan

Japan is one of the largest economies in the world and has a large industrial capacity. The country leads in scientific machinery, research and technology. It is also known as the most technologically advanced producers of machines in the world.

Revenues (million USD): 1,971,000

Expenditures (million USD): 2,495,000

Deficit/Surplus (million USD): -524,000

3. China

China is the world’s fastest growing economy and has an upper hand in the in the manufacturing sector. Well known for its population growth, the country is the largest exporter and manufacturer of goods. The country’s rapid economic growth has led to severe consumer inflation.

Revenues (million USD): 1,646,000

Expenditures (million USD): 1,729,000

Deficit/Surplus (million USD): -83,000

4. Germany

Germany is a major economic power in Europe and ranks number four for its government budget. The country has developed a very high standard of living and is recognized for its small and medium enterprises. The country boasts its highly skilled labour and its level of innovation.

Revenues (million USD): 1,551,000

Expenditures (million USD): 1,588,000

Deficit/Surplus (million USD): -37,000

5. France

France has a mixed economy in which banking, financial services and insurance are the key sectors of the country’s economy. France has been a major economic influence in Europe and also considered to be the wealthiest nation there.

Revenues (million USD): 1,386,000

Expenditures (million USD): 1,535,000

Deficit/Surplus (million USD): -149,000

6. Italy

Italy is a democratic republic and its economic influence makes it a major regional power. The nation rapidly transformed from agriculture based economy into one of the world’s most industrialized nations. Italy has a free market economy which focuses on exports of luxury products and niche market.

Revenues (million USD): 1,025,100

Expenditures (million USD): 1,112,000

Deficit/Surplus (million USD): -86,900

7. United Kingdom

United Kingdom is a partially regulated market economy, in which, the service sector makes up more than 70 percent of the country’s GDP. The automotive, pharmaceutical and aerospace industries are a significant part of the United Kingdom’s economy.

Revenues (million USD): 986,500

Expenditures (million USD): 1,188,000

Deficit/Surplus (million USD): -201,500

22. India

India is one of the fastest growing economies in the world and is considered to be a newly industrialized country. Textiles, telecommunications, chemicals, pharmaceuticals, transport, machinery and mining are among the major sectors of the Indian economy.

Revenues (million USD): 196,400

Expenditures (million USD): 308,800

Deficit/Surplus (million USD): -112,400

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