Net incurrence of liabilities, total (current LCU) in Marshall Islands
Marshall Islands: Net incurrence of liabilities, total (current LCU) was -241,000 current LCU in 2020. ◆ Volatile
Net incurrence of liabilities, total in Marshall Islands, 2008–2020
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
Marshall Islands recorded -241,000 current LCU for net incurrence of liabilities, total in 2020.
Compared with earlier readings it is down 103.8% on the previous year and down 138.8% over ten years.
Over the whole period, net incurrence of liabilities, total in Marshall Islands peaked at 6.35 million current LCU in 2019 and was at its lowest, -14.86 million current LCU, in 2011.
Marshall Islands ranks 123rd of 136 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Net incurrence of liabilities, total (current LCU) in Marshall Islands, year by year
| Year | current LCU | Change |
|---|---|---|
| 2008 | 2.39 million current LCU | — |
| 2009 | 1.74 million current LCU | -27.2% |
| 2010 | 620,581 current LCU | -64.3% |
| 2011 | -14.86 million current LCU | -2495.3% |
| 2012 | -4.50 million current LCU | -69.7% |
| 2013 | 798,119 current LCU | -117.7% |
| 2014 | -3.84 million current LCU | -581.2% |
| 2015 | -2.89 million current LCU | -24.8% |
| 2016 | -1.99 million current LCU | -31.2% |
| 2017 | 674,859 current LCU | -133.9% |
| 2018 | -5.61 million current LCU | -931.7% |
| 2019 | 6.35 million current LCU | -213.1% |
| 2020 | -241,000 current LCU | -103.8% |
Marshall Islands compared with similar countries
- Marshall Islands's -241,000 current LCU is below the median for upper middle income countries, which is 48.87 billion current LCU. (47 countries reporting)
- Marshall Islands's -241,000 current LCU is below the median for East Asia & Pacific, which is 3.15 billion current LCU. (24 countries reporting)
Biggest year-on-year movements
Years where Net incurrence of liabilities, total (current LCU) in Marshall Islands changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2011 | -2495.3% | 620,581 current LCU | -14.86 million current LCU |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 2.06 million current LCU | 1.74 million current LCU | 2.39 million current LCU | 2 |
| 2010s | -2.53 million current LCU | -14.86 million current LCU | 6.35 million current LCU | 10 |
| 2020s | -241,000 current LCU | -241,000 current LCU | -241,000 current LCU | 1 |
Countries ranked near Marshall Islands
- 120 Micronesia (country) 5.59 million current LCU compare
- 121 Andorra 4.87 million current LCU
- 122 Tonga 693,426 current LCU compare
- 124 Nauru -3.75 million current LCU compare
- 125 Kiribati -12.76 million current LCU compare
- 126 Saint Lucia -23.24 million current LCU
More public sector data for Marshall Islands
- Democracy, annual growth rate 0 % change on previous year (2025)
- Chief executive of the government is elected, annual growth rate 0 % change on previous year (2025)
- Elected parliament, annual growth rate 0 % change on previous year (2025)
- Men's universal right to vote, annual growth rate 0 % change on previous year (2025)
- Universal right to vote, annual growth rate 0 % change on previous year (2025)
- Universal right to vote in practice, annual growth rate 0 % change on previous year (2025)
- Tax revenue 17.2% (2020)
- Taxes on income, profits and capital gains 9.7% (2020)
- Taxes on goods and services 8.4% (2020)
- Net investment in nonfinancial assets 8.8% (2020)
Frequently asked questions
- What is net incurrence of liabilities, total in Marshall Islands?
- Net incurrence of liabilities, total in Marshall Islands was -241,000 current LCU in 2020, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest net incurrence of liabilities, total recorded in Marshall Islands?
- The highest recorded value was 6.35 million current LCU in 2019.
- What is the lowest net incurrence of liabilities, total recorded in Marshall Islands?
- The lowest recorded value was -14.86 million current LCU in 2011.
- How does Marshall Islands rank for net incurrence of liabilities, total?
- Marshall Islands ranks 123rd out of 136 countries with data for 2020.
- Is net incurrence of liabilities, total rising or falling in Marshall Islands?
- Over the last ten years it is down 138.8%. The long-run trend across the full record is volatile.
- Where does this Marshall Islands data come from?
- The figures come from Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Net incurrence of liabilities, total (current LCU). Statizoid updates them automatically from the source API.
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About this data
Net incurrence of government liabilities includes foreign financing (obtained from nonresidents) and domestic financing (obtained from residents), or the means by which a government provides financial resources to cover a budget deficit or allocates financial resources arising from a budget surplus. The net incurrence of liabilities should be offset by the net acquisition of financial assets. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.