Net incurrence of liabilities, total in Micronesia, Federated States of
Micronesia, Federated States of: Net incurrence of liabilities, total was 5.59 million current LCU in 2020. β Volatile
Net incurrence of liabilities, total in Micronesia, Federated States of, 2008β2020
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, Federated States of 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, Federated States of peaked at 28.14 million current LCU in 2017 and was at its lowest, -19.95 million current LCU, in 2018.
Micronesia, Federated States of 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.
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, Federated States of
- 117 Bahamas, The 61.81 million current LCU compare
- 118 Palau, Republic of 52.56 million current LCU compare
- 119 Bulgaria 27.09 million current LCU
- 121 Andorra, Principality of 4.87 million current LCU
- 122 Tonga 693,426 current LCU compare
- 123 Marshall Islands, Republic of the -241,000 current LCU compare
More public sector data for Micronesia, Federated States of
- Arms imports 7.00 million SIPRI trend indicator values (2023)
- Tax revenue 7.0% (2020)
- Taxes on income, profits and capital gains 10.9% (2020)
- Taxes on goods and services 3.4% (2020)
- Net investment in nonfinancial assets 10.5% (2020)
- Net lending (+) / net borrowing (-) 6.9% (2020)
- Interest payments 0.4% (2020)
- Grants and other revenue 81.0% (2020)
- Interest payments 0.6% (2020)
- Other taxes 0.2% (2020)
Frequently asked questions
- What is net incurrence of liabilities, total in Micronesia, Federated States of?
- Net incurrence of liabilities, total in Micronesia, Federated States of 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, Federated States of?
- The highest recorded value was 28.14 million current LCU in 2017.
- What is the lowest net incurrence of liabilities, total recorded in Micronesia, Federated States of?
- The lowest recorded value was -19.95 million current LCU in 2018.
- How does Micronesia, Federated States of rank for net incurrence of liabilities, total?
- Micronesia, Federated States of ranks 120th out of 136 countries with data for 2020.
- Is net incurrence of liabilities, total rising or falling in Micronesia, Federated States of?
- Over the last ten years it is up 903.9%. The long-run trend across the full record is volatile.
- Where does this Micronesia, Federated States of 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.