Countries With Highest Budget DEFICITS | #Shorts 📒📊

Watch the full version here: https://youtu.be/xozR9jPD1JY

This data visualization and bar chart race ranks the highest budget deficits (as a % of GDP) by country, categorized by the following regions: Asia, North America, South America, MENA (Middle East and North Africa), Africa, Oceania, and Europe.

Deficit spending is the amount by which spending exceeds revenue over a particular period of time, also called simply deficit, or budget deficit; the opposite of budget surplus. The term may be applied to the budget of a government, private company, or individual. Government deficit spending is a central point of controversy in economics.

When the outlay of a government (i.e., the total of its purchases of goods and services, transfers in grants to individuals and corporations, and its net interest payments) exceeds its tax revenues, the government budget is said to be in deficit; government spending in excess of tax receipts is known as deficit spending.

📊 Data:
OECD | https://data.oecd.org
IMF | https://www.imf.org

🎵 Track:
https://www.youtube.com/watch?v=TqhNwEtZVcw

#Deficits #NationalDebt #BarChartRace #DataVisualization #DataRanking #DataComparison #AnimatedStats