Economic Outlook No 115 — Balance of primary income as a percent of GDP by country
May 2024 - The OECD Economic Outlook presents the OECD’s analysis of the major global economic trends and prospects for the next two years. The Outlook puts forward a consistent set of projections for output, employment, government spending, prices and current balances based on a review of each member country and...
What the numbers show
Economic Outlook No 115 — Balance of primary income as a percent of GDP is currently reported for 44 countries. The highest value is 5.38 in Japan; the lowest is -23.58 in Luxembourg.
The median across all reporting countries is -0.9927, and the mean is -1.83.
Over the past decade 27 countries rose and 17 fell. The largest increase was in Iceland (up 1,827.7%), and the largest decrease in Spain (down 8,594.3%).
Economic Outlook No 115 — Balance of primary income as a percent of: full country ranking
| # | Country | Latest | Year | 10-year change | Trend |
|---|---|---|---|---|---|
| 1 | Japan | 5.38 | 2025 | up 35.3% | volatile |
| 1 | Netherlands | 0.0953 | 2025 | up 109.4% | volatile |
| 2 | Norway | 4.79 | 2025 | up 14.0% | volatile |
| 2 | Lithuania | -0.211 | 2025 | up 94.3% | volatile |
| 2 | Croatia | -0.2504 | 2025 | down 146.0% | volatile |
| 3 | Sweden | 3.63 | 2025 | up 525.5% | volatile |
| 3 | Türkiye | -0.5776 | 2025 | up 48.3% | falling |
| 4 | Germany | 3.56 | 2025 | up 53.1% | volatile |
| 4 | Slovenia | -1.19 | 2025 | up 63.3% | volatile |
| 5 | Iceland | 3 | 2025 | up 1,827.7% | volatile |
| 6 | Belgium | 2.23 | 2025 | up 57.3% | rising |
| 6 | Latvia | -2.38 | 2025 | down 408.8% | volatile |
| 7 | Denmark | 1.61 | 2025 | down 47.4% | volatile |
| 7 | Poland | -3.58 | 2025 | up 4.9% | volatile |
| 8 | France | 1.51 | 2025 | down 27.4% | volatile |
| 8 | Estonia | -4.4 | 2025 | down 99.3% | flat |
| 9 | United Kingdom | 0.6065 | 2025 | up 127.8% | volatile |
| 10 | United States | 0.5001 | 2025 | down 50.6% | volatile |
| 11 | Canada | 0.3485 | 2025 | up 142.5% | volatile |
| 12 | Austria | 0 | 2025 | up 100.0% | volatile |
| 13 | Finland | -0.206 | 2025 | down 128.0% | volatile |
| 14 | Greece | -0.4482 | 2025 | down 3,851.4% | volatile |
| 15 | Italy | -0.4865 | 2025 | up 28.0% | volatile |
| 16 | Israel | -0.5253 | 2025 | up 37.3% | volatile |
| 17 | Argentina | -0.566 | 2025 | up 69.9% | rising |
| 18 | China | -0.8784 | 2025 | down 83.2% | volatile |
| 19 | India | -1.11 | 2025 | up 1.5% | falling |
| 20 | Switzerland | -1.27 | 2025 | down 212.6% | volatile |
| 21 | Portugal | -1.7 | 2025 | up 41.6% | volatile |
| 22 | Mexico | -1.82 | 2025 | up 28.9% | rising |
| 23 | Spain | -1.96 | 2025 | down 8,594.3% | volatile |
| 24 | Indonesia | -2.54 | 2025 | up 23.0% | rising |
| 25 | Romania | -2.67 | 2025 | down 154.5% | falling |
| 26 | Australia | -2.8 | 2025 | down 21.3% | falling |
| 27 | Colombia | -3.03 | 2025 | down 68.8% | falling |
| 28 | New Zealand | -3.04 | 2025 | up 15.3% | falling |
| 29 | Bulgaria | -3.18 | 2025 | up 27.7% | rising |
| 30 | Hungary | -3.26 | 2025 | up 28.5% | rising |
| 31 | Czechia | -3.87 | 2025 | up 29.7% | falling |
| 32 | Peru | -4.36 | 2025 | down 6.4% | rising |
| 33 | Chile | -4.37 | 2025 | down 76.5% | falling |
| 34 | Costa Rica | -7.32 | 2025 | down 74.0% | falling |
| 35 | Ireland | -20.33 | 2025 | up 11.8% | volatile |
| 36 | Luxembourg | -23.58 | 2025 | up 43.2% | volatile |
Regions and income groups
Aggregates are excluded from the country ranking above so that a region can never outrank a country.
- Korea 0.6906
- Slovak Republic -2
- Rest of the world -2.7
- Other major oil producers -1.33
- Dynamic Asian economies -3.27
About this data
May 2024 - The OECD Economic Outlook presents the OECD’s analysis of the major global economic trends and prospects for the next two years. The Outlook puts forward a consistent set of projections for output, employment, government spending, prices and current balances based on a review of each member country and of the induced effect on each of them on international developments. OECD (2024), OECD Economic Outlook No 115 (Edition 2024/1) EO115 Database documentation EO115 Last historical points gdp inflation cpi population unemployment real gdp gdp per capita employment OECD Economic Outlook website: https://www.oecd.org/economic-outlook/ Contact: eco.outlook@oecd.org Keywords: Outlook, forecasts, forecast, GDP