Ecuador
Ecuador's public revenue shrinks relative to the economy
Ecuador's government revenue fell to 35.57% of GDP in 2025 from 37.06% in 2024, its lowest share since 2020. That means less public income relative to the size of the economy.
Monitly News
Statistical news
Economy & finance
LebanonLebanon's government takes in a larger share of the economy
Lebanon's government revenue rose to 18.75% of GDP in 2025 from 15.13% in 2024, its highest share since 2019. The recovery strengthens the revenue base supporting the budget.
CroatiaHigher bond yields put pressure on Croatia's borrowing costs
Croatia's long-term government bond yield rose to 3.56% in Q2 2026 from 3.07% in Q1, moving above the EU average. The rise points to more expensive new borrowing for the state.
JapanHigher borrowing costs squeeze Japan's budget
Japan's 10-year government bond yield averaged 2.77% in July 2026, the highest since September 1996. Up from 1.52% a year earlier, it adds pressure to the cost of financing the government.
SpainSpain's growth leans on more work as output per hour falls
Spain worked 9.41 billion hours in Q2 2026, up 2.8% year on year. But output per hour fell 0.2%, leaving growth reliant on more work rather than efficiency gains.
HungaryConsumer confidence turns positive in Hungary
Hungary's consumer confidence rose to 1.3 points in July 2026, its highest since April 2018 and its first positive result since September 2019. Only Malta ranked higher among the countries compared.
EU
Rising borrowing costs put pressure on public budgets across the EU
Government bond yields rose in most countries covered in Q2 2026, pointing to costlier new borrowing. The EU average was 3.41%, while Hungary's yield fell to 5.73%.
PolandPoland's government spending exceeds half of GDP
Poland's government spending rose to 50.9% of GDP in 2025, from 49.2% in 2024. Revenue grew more slowly, widening the deficit to 7.3% of GDP from 6.4%.
GeorgiaGeorgia’s bank capital distribution became less lopsided
Weighted skewness in Georgian banks’ Tier 1 capital-to-assets ratios fell from 7.24% in Q1/2026 to 4.68% in Q2/2026, the lowest reading in an IMF series that begins in Q1/2023. The 2.56-point drop concerns the shape of the distribution, not the amount of capital across the banking system.
FranceFrench banks report more short term debt in other currencies
French banks’ short-term debt to nonresidents in the IMF’s catch-all ‘other currencies’ category rose from $159,998.58 million in 2024 to $233,921.15 million in 2025, the highest reading in data starting in 2013. It is a gross liability measure, however, not a verdict on the banking system’s financial health.
Papua New GuineaPapua New Guinea reports a break in household loan data
The IMF series puts commercial bank loans to households at 264,361 million domestic currency units in 2025, compared with 1,157 million in 2024. The break is so far outside the established pattern that it should be treated as a possible reporting change, revision or one-off correction, not evidence of a lending boom.
- Hungary
Hungary reports much higher income through special purpose companies
Quarterly dividend and similar investment-income credits booked by Hungary’s special purpose entities reached $6,186.03 million in Q3 2025, up from $388.66 million and the highest reading in data back to Q1 2006. The scale is striking, but there is too little corroborating evidence to treat it as a broad economic boom.
Korea, Republic ofKorean share prices reach a record quarterly average
South Korea’s quarterly average equities index climbed 39.8% from Q1 to 420.66 in Q2, the highest reading in the IMF series that starts in Q1 1978. The index was also 285.3% above its Q1 2016 level.
BurundiInflation accounts for most of Burundi’s GDP increase
Burundi’s GDP at current prices rose from 13.95 trillion to 20.36 trillion Burundi francs in 2025, a 46% increase and the highest reading in data going back to 1980. The headline mostly captures inflation rather than a matching increase in production.
Africa
Africa records a new high for economy-wide prices
Africa’s broad measure of prices for domestically produced goods and services rose 4.6% in the second quarter of 2025. It has increased 34.9% since the third quarter of 2019, compared with 23.5% for the G20.
CambodiaCambodia’s rice price signal turns negative
Cambodia’s rice price anomaly index moved from 2.42 in 2024 to -1.51 in 2025, a 3.93-point reversal from the highest to the lowest annual reading in a series that begins in 2015. FAO links the decline in rice prices to plentiful supplies and reduced exports.
GuyanaCash outside Guyana’s banks reaches a record
Cash circulating outside Guyana’s deposit-taking institutions rose 7.98% in December to 451,481.06 million Guyanese dollars, the highest reading in data extending back to December 2001. The central bank linked the increase to heavier cash transactions.
UkraineUkraine reports a sharp rise in microfinance loan accounts
The IMF’s survey lists 624,497 loan accounts at Ukraine’s non-deposit-taking microfinance institutions in 2025, up from 33,431 in 2024. That is a 1,768% increase, but the abrupt break in a long-declining series demands caution.
IsraelA stronger shekel makes Israeli producers less competitive
Israel’s trade-weighted exchange-rate index, adjusted for relative labor costs, rose 6.4% from Q1 to 142.2 in Q2 2026. That was its highest reading in a series beginning in Q1 1990 and points to a tougher cost position for Israeli producers against foreign competitors.
South AfricaSouth Africa’s farm sector rebounds after drought
South Africa’s agriculture, forestry and fishing value added was reported at 242,712.5 million rand in previous-year prices for 2025, 49.0% above the 2024 entry. The Reserve Bank says better rainfall and bumper harvests drove the recovery, but the dataset’s moving price base means that gap is not a pure measure of how much more was produced.
- Israel
Israeli manufacturing output reaches a record high
Israel’s manufacturing production index rose 11.4% from Q1 to Q2, reaching 187.3, its highest reading in a series dating to 1990. The measure tracks the volume of goods produced, not their value at current prices.
BelgiumBelgium reports record central government holdings in other deposits
Belgium’s reported stock of central government “other deposits” rose from US$3,103.76 million in 2024 to US$16,958.59 million in 2025, a 446.4% increase and the highest reading in data dating to 1995. The record points to a much larger year end financial asset holding, but not by itself to a healthier budget.
SloveniaSlovenia’s central government reports record goods and services revenue
Slovenia’s central government recorded 2,093.57 million euros from market sales, own-use production and user payments in 2025, up 50.9% from 1,387.51 million. That is the highest level in a series dating to 1995, but it is not a measure of tax receipts or the budget balance.
DenmarkDenmark collects more tax from fixed assets
Denmark’s central government received DKK 5,172 million from taxes on the use of fixed assets in 2025, up 31.5% from 2024 and the highest reading in a series dating to 1995.
AustriaEquity makes up more of Austrian insurers’ liabilities
Equity and investment-fund shares accounted for 21.74% of Austrian insurance corporations’ financial liabilities in 2025, up from 14.69% a year earlier. The 7.05-point increase took the share to its highest level in an OECD series beginning in 2006.
- Hungary
Hungarian households’ equity fund holdings more than double in value
Hungarian households held US$3,826.2 million in equity fund shares in 2025, up from US$1,544.4 million in 2024. It was the highest annual reading in the OECD series, which begins in 1989.
MexicoMexico’s merchandise imports set a record
Mexico imported a seasonally adjusted $76.8 billion of merchandise in July, up $10.11 billion from June’s $66.69 billion. It was the highest monthly value in an OECD series dating to January 1980.
IrelandOther payables make up more of Irish pension fund liabilities
The category rose from 1.82% of Irish pension funds’ financial liabilities in 2024 to a record 5.3% in 2025, a 3.48-point increase. Ireland ranked fourth among 23 countries, although the figure does not show that pension promises became less secure.
- Korea
Corporate profits lift Korea’s nominal GDP
Korea’s seasonally adjusted nominal GDP rose 10.5% from Q4 2025 in Q1 2026, reaching the highest level in a series that begins in Q1 1960. The increase was concentrated in business income rather than spread evenly between companies and workers.
AngolaAngola’s broad money measure falls to its lowest recorded level
The IMF series puts Angola’s M5 broad money stock at 4,827,210.95 million kwanza in 2025, down 70.6% from 2024. That is the lowest reading since this dataset begins in 2016, not an all-time low for the economy.
Netherlands, The
Dutch banks increased euro debt claims abroad
Dutch banks’ euro-denominated debt claims on foreign counterparties reached $792,593.9 million in 2025, up 37.4% from 2024. It was the highest annual reading in the IMF series, which begins in 2008.
- Spain
Spanish bank profitability moves above its recent range
Spain’s weighted midpoint return on equity for deposit-taking banks reached 20.16% in Q1/2026, up from 14.11% in Q4/2025. It ranked third among the eight countries in the IMF comparison.
- Korea
Korea’s exports reach a new high
Korea’s seasonally adjusted exports rose 18.9% from Q4/2025 to Q1/2026, reaching 1,880,511.7 million in current-price, purchasing-power-adjusted US dollars. That is the highest reading in an OECD series stretching back to Q1/1960, while a separate volume index also moved higher.
Euro Area (EA)
Euro area broad money falls by nearly two thirds
The IMF series puts euro-area broad money 63.4% lower in Q1 2025 than one quarter earlier, moving directly from its highest to its lowest reading since the dataset begins in Q1 2013. The abrupt break raises a serious data-quality question rather than offering a clean signal about the economy.
United StatesUS bank capital ratios show less asymmetry
Weighted skewness in Tier 1 capital-to-assets ratios among US deposit takers fell from 5.66% to 4.83% in the fourth quarter of 2025, a 0.83-point drop and the lowest reading in a series beginning in the third quarter of 2022. That does not mean banks’ capital buffers themselves fell.
- United States
US investment in ICT equipment reaches a record
US gross fixed capital formation in ICT equipment—spending on long-lived computer and communications hardware—rose 32.84% in real terms in 2025, from 381,330.8 million to 506,565.8 million in the OECD’s chain-linked volume measure. That is the highest reading in a series dating to 1972.
Hong Kong Special Administrative Region, People's Republic of China
Hong Kong records its fastest producer price growth
Hong Kong’s producer prices were 17.68% higher than a year earlier in Q1 2026, the fastest pace in the IMF series beginning in Q1 1994. Government data show that the increase was heavily concentrated in a few manufacturing industries.
ItalyItalian banks differ more in their troubled loan ratios
The weighted spread in nonperforming-loan ratios across Italian deposit takers rose from 2.21 percentage points in Q2/2025 to 3.78 in Q4/2025. That points to greater unevenness between banks, not necessarily a rise in the banking system’s overall troubled-loan share.
LatviaLatvia’s publishing output reaches its highest level since tracking began
Latvia’s publishing production index rose 38.4% to 134.8 in 2025, the highest annual reading in data beginning in 2015. It ranked fifth among 26 countries, although the increase came immediately after the series hit its low in 2024.
AlbaniaAlbania’s construction index reaches a new high
Albania’s construction index rose 23.8% from the previous quarter to 214 in Q1 2026, its highest reading in Eurostat data beginning in Q1 2005. It ranked second among 31 countries, although the sharp break is concentrated in the latest quarter.
RomaniaRomania posts an unusually high retail index
Romania’s quarterly retail trade index rose 35.5% from the previous quarter to a series high of 153.8 in Q1 2026. It was the second-highest reading among 31 countries, although the abrupt break from the index’s earlier path warrants caution.
- Croatia
Croatian factories make more industrial inputs
Croatia’s seasonally adjusted production of industrial inputs rose 11.5% from May to June, reaching 110.6 on an index where 2021 equals 100. It was the highest reading in the available series, though that history begins only in July 2025.
- Romania
Romania’s investment in equipment and weapons fell 25.1%
Inflation-adjusted investment in other machinery, equipment and weapons systems dropped 25.1% from the previous quarter in Q1 2026. Romania ranked last among 16 countries, although its “record low” covers only the available series from Q2 2023.
SwitzerlandGold lifts Swiss goods imports close to half of GDP
Swiss goods imports rose from the equivalent of 38.3% of GDP in 2024 to 48.9% in 2025, a 10.6 percentage-point increase. It is the highest annual reading in the Eurostat series, although that history extends back only to 2014.
- Poland
Polish local tax revenue reaches a record
OECD data put Poland’s local-government tax revenue at $91.2 billion in purchasing-power-adjusted dollars in 2024, up 44.3% from 2023 and the highest in a series dating to 2000. One-off personal-income-tax transfers accounted for much of the jump, however, making it a poor guide to future annual revenue.
- Hungary
Hungary records a jump in financing vehicle assets
The IMF recorded $4,629.93 million in long-term assets held by Hungarian special purpose entities—companies created for narrow financing or legal tasks, often with little operating footprint—in 2024. That was up 2,176% from $203.42 million in 2023, but the isolated break in the series needs to be treated cautiously.
TürkiyeRental prices rise sharply in Türkiye
New data from OECD shows Türkiye’s rental price index rose about 77.6% in 2025. It had the highest rental index among 29 countries compared.