Net incurrence of liabilities, total (current LCU) in United States
United States: Net incurrence of liabilities, total (current LCU) was 2.07 trillion current LCU in 2024. ◆ Volatile
Net incurrence of liabilities, total in United States, 1972–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
United States recorded 2.07 trillion current LCU for net incurrence of liabilities, total in 2024.
That represents a change of down 19.7% on the previous year and up 170.2% over ten years.
Over the whole period, net incurrence of liabilities, total in United States peaked at 5.02 trillion current LCU in 2020 and was at its lowest, -224.42 billion current LCU, in 2000.
United States ranks 22nd of 136 countries on this measure, in the top 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 United States, year by year
| Year | current LCU | Change |
|---|---|---|
| 1972 | 20.65 billion current LCU | — |
| 1973 | 18.00 billion current LCU | -12.8% |
| 1974 | 2.03 billion current LCU | -88.7% |
| 1975 | 53.09 billion current LCU | +2515.3% |
| 1976 | 82.79 billion current LCU | +55.9% |
| 1977 | 55.83 billion current LCU | -32.6% |
| 1978 | 61.99 billion current LCU | +11.0% |
| 1979 | 39.82 billion current LCU | -35.8% |
| 1980 | 76.61 billion current LCU | +92.4% |
| 1981 | 84.80 billion current LCU | +10.7% |
| 1982 | 138.76 billion current LCU | +63.6% |
| 1983 | 215.59 billion current LCU | +55.4% |
| 1984 | 174.08 billion current LCU | -19.3% |
| 1985 | 200.54 billion current LCU | +15.2% |
| 1986 | 233.05 billion current LCU | +16.2% |
| 1987 | 148.55 billion current LCU | -36.3% |
| 1988 | 161.42 billion current LCU | +8.7% |
| 1989 | 139.50 billion current LCU | -13.6% |
| 1990 | 219.70 billion current LCU | +57.5% |
| 1991 | 276.41 billion current LCU | +25.8% |
| 1992 | 309.70 billion current LCU | +12.0% |
| 1993 | 247.93 billion current LCU | -19.9% |
| 1994 | 186.31 billion current LCU | -24.9% |
| 1995 | 172.34 billion current LCU | -7.5% |
| 1996 | 128.41 billion current LCU | -25.5% |
| 1997 | 37.40 billion current LCU | -70.9% |
| 1998 | -52.56 billion current LCU | -240.5% |
| 1999 | -89.13 billion current LCU | +69.6% |
| 2000 | -224.42 billion current LCU | +151.8% |
| 2001 | 67.73 billion current LCU | -130.2% |
| 2002 | 322.12 billion current LCU | +375.6% |
| 2003 | 554.86 billion current LCU | +72.3% |
| 2004 | 479.18 billion current LCU | -13.6% |
| 2005 | 453.23 billion current LCU | -5.4% |
| 2006 | 296.57 billion current LCU | -34.6% |
| 2007 | 372.46 billion current LCU | +25.6% |
| 2008 | 1.37 trillion current LCU | +267.3% |
| 2009 | 1.54 trillion current LCU | +12.8% |
| 2010 | 1.70 trillion current LCU | +10.1% |
| 2011 | 1.20 trillion current LCU | -29.3% |
| 2012 | 1.25 trillion current LCU | +3.8% |
| 2013 | 874.13 billion current LCU | -29.8% |
| 2014 | 765.90 billion current LCU | -12.4% |
| 2015 | 757.55 billion current LCU | -1.1% |
| 2016 | 884.75 billion current LCU | +16.8% |
| 2017 | 635.56 billion current LCU | -28.2% |
| 2018 | 1.30 trillion current LCU | +103.8% |
| 2019 | 1.19 trillion current LCU | -8.5% |
| 2020 | 5.02 trillion current LCU | +323.8% |
| 2021 | 1.45 trillion current LCU | -71.1% |
| 2022 | 1.34 trillion current LCU | -7.5% |
| 2023 | 2.58 trillion current LCU | +92.0% |
| 2024 | 2.07 trillion current LCU | -19.7% |
United States compared with similar countries
- United States's 2.07 trillion current LCU is above the median for high income countries, which is 9.91 billion current LCU, 208.8× the median. (41 countries reporting)
Biggest year-on-year movements
Years where Net incurrence of liabilities, total (current LCU) in United States 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 |
|---|---|---|---|
| 1975 | +2515.3% | 2.03 billion current LCU | 53.09 billion current LCU |
| 2002 | +375.6% | 67.73 billion current LCU | 322.12 billion current LCU |
| 2020 | +323.8% | 1.19 trillion current LCU | 5.02 trillion current LCU |
| 2008 | +267.3% | 372.46 billion current LCU | 1.37 trillion current LCU |
| 1998 | -240.5% | 37.40 billion current LCU | -52.56 billion current LCU |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 41.77 billion current LCU | 2.03 billion current LCU | 82.79 billion current LCU | 8 |
| 1980s | 157.29 billion current LCU | 76.61 billion current LCU | 233.05 billion current LCU | 10 |
| 1990s | 143.65 billion current LCU | -89.13 billion current LCU | 309.70 billion current LCU | 10 |
| 2000s | 523.27 billion current LCU | -224.42 billion current LCU | 1.54 trillion current LCU | 10 |
| 2010s | 1.05 trillion current LCU | 635.56 billion current LCU | 1.70 trillion current LCU | 10 |
| 2020s | 2.49 trillion current LCU | 1.34 trillion current LCU | 5.02 trillion current LCU | 5 |
Countries ranked near United States
More public sector data for United States
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Frequently asked questions
- What is net incurrence of liabilities, total in United States?
- Net incurrence of liabilities, total in United States was 2.07 trillion current LCU in 2024, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest net incurrence of liabilities, total recorded in United States?
- The highest recorded value was 5.02 trillion current LCU in 2020.
- What is the lowest net incurrence of liabilities, total recorded in United States?
- The lowest recorded value was -224.42 billion current LCU in 2000.
- How does United States rank for net incurrence of liabilities, total?
- United States ranks 22nd out of 136 countries with data for 2024.
- Is net incurrence of liabilities, total rising or falling in United States?
- Over the last ten years it is up 170.2%. The long-run trend across the full record is volatile.
- Where does this United States 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.