Net incurrence of liabilities, total (current LCU) in Micronesia (country)
Micronesia (country): Net incurrence of liabilities, total (current LCU) was 5.59 million current LCU in 2020. ◆ Volatile
Net incurrence of liabilities, total in Micronesia (country), 2008–2020
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
In 2020, net incurrence of liabilities, total in Micronesia (country) stood at 5.59 million current LCU.
The figure is up 194.1% on the previous year and up 903.9% over ten years.
Over the whole period, net incurrence of liabilities, total in Micronesia (country) peaked at 28.14 million current LCU in 2017 and was at its lowest, -19.95 million current LCU, in 2018.
Micronesia (country) ranks 120th 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 Micronesia (country), year by year
| Year | current LCU | Change |
|---|---|---|
| 2008 | 8.08 million current LCU | — |
| 2009 | 1.83 million current LCU | -77.3% |
| 2010 | -695,324 current LCU | -137.9% |
| 2011 | 7.15 million current LCU | -1128.2% |
| 2012 | 8.27 million current LCU | +15.7% |
| 2013 | -5.24 million current LCU | -163.3% |
| 2014 | -8.81 million current LCU | +68.1% |
| 2015 | 8.64 million current LCU | -198.0% |
| 2016 | 6.95 million current LCU | -19.5% |
| 2017 | 28.14 million current LCU | +304.7% |
| 2018 | -19.95 million current LCU | -170.9% |
| 2019 | -5.94 million current LCU | -70.2% |
| 2020 | 5.59 million current LCU | -194.1% |
Micronesia (country) compared with similar countries
- Micronesia (country)'s 5.59 million current LCU is below the median for upper middle income countries, which is 48.87 billion current LCU, 0% of the median. (47 countries reporting)
- Micronesia (country)'s 5.59 million current LCU is below the median for East Asia & Pacific, which is 3.15 billion current LCU, 0% of the median. (24 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 4.96 million current LCU | 1.83 million current LCU | 8.08 million current LCU | 2 |
| 2010s | 1.85 million current LCU | -19.95 million current LCU | 28.14 million current LCU | 10 |
| 2020s | 5.59 million current LCU | 5.59 million current LCU | 5.59 million current LCU | 1 |
Countries ranked near Micronesia (country)
More public sector data for Micronesia (country)
- 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)
- Arms imports 7.00 million SIPRI trend indicator values (2023)
- Arms imports (SIPRI trend indicator values), per capita 62.15 SIPRI trend indicator values per person (2023)
- Arms imports (SIPRI trend indicator values), per unit of GDP 0.0158 SIPRI trend indicator values per US$ of GDP (2023)
- Arms imports (SIPRI trend indicator values), gaps filled 7.00 million SIPRI trend indicator values (2023)
Frequently asked questions
- What is net incurrence of liabilities, total in Micronesia (country)?
- Net incurrence of liabilities, total in Micronesia (country) was 5.59 million 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 Micronesia (country)?
- The highest recorded value was 28.14 million current LCU in 2017.
- What is the lowest net incurrence of liabilities, total recorded in Micronesia (country)?
- The lowest recorded value was -19.95 million current LCU in 2018.
- How does Micronesia (country) rank for net incurrence of liabilities, total?
- Micronesia (country) ranks 120th out of 136 countries with data for 2020.
- Is net incurrence of liabilities, total rising or falling in Micronesia (country)?
- Over the last ten years it is up 903.9%. The long-run trend across the full record is volatile.
- Where does this Micronesia (country) 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.