Net incurrence of liabilities, total in Africa Eastern and Southern
Africa Eastern and Southern: Net incurrence of liabilities, total was 3.7% in 2024. ▲ Rising
Net incurrence of liabilities, total in Africa Eastern and Southern, 2006–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
The most recent figure for net incurrence of liabilities, total in Africa Eastern and Southern is 3.7%, measured in 2024.
Compared with earlier readings it is down 12.3% on the previous year and down 19.5% over ten years.
Over the whole period, net incurrence of liabilities, total in Africa Eastern and Southern peaked at 7.7% in 2020 and was at its lowest, 2.5%, in 2006.
Africa Eastern and Southern ranks 12th of 21 groups on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 19 years of available data.
Net incurrence of liabilities, total in Africa Eastern and Southern, year by year
| Year | % of GDP | Change |
|---|---|---|
| 2006 | 2.5% | — |
| 2007 | 2.8% | +14.0% |
| 2008 | 3.2% | +13.9% |
| 2009 | 6.5% | +100.3% |
| 2010 | 4.9% | -24.9% |
| 2011 | 4.3% | -12.3% |
| 2012 | 3.3% | -23.3% |
| 2013 | 4.3% | +31.1% |
| 2014 | 4.6% | +7.1% |
| 2015 | 5.1% | +10.7% |
| 2016 | 6.8% | +32.9% |
| 2017 | 7.0% | +4.2% |
| 2018 | 4.5% | -36.7% |
| 2019 | 4.2% | -5.4% |
| 2020 | 7.7% | +81.6% |
| 2021 | 4.4% | -42.7% |
| 2022 | 3.8% | -13.5% |
| 2023 | 4.2% | +10.9% |
| 2024 | 3.7% | -12.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 3.8% | 2.5% | 6.5% | 4 |
| 2010s | 4.9% | 3.3% | 7.0% | 10 |
| 2020s | 4.8% | 3.7% | 7.7% | 5 |
Countries ranked near Africa Eastern and Southern
More public sector data for Africa Eastern and Southern
- Arms imports 166.00 million SIPRI trend indicator values (2023)
- Arms imports (SIPRI trend indicator values), per capita 0.2212 SIPRI trend indicator values per person (2023)
- Arms imports (SIPRI trend indicator values), per unit of GDP 0.0001 SIPRI trend indicator values per US$ of GDP (2023)
- Arms imports (SIPRI trend indicator values), annual growth rate -35.66 % change on previous year (2023)
- Arms imports (SIPRI trend indicator values), gaps filled 166.00 million SIPRI trend indicator values (2023)
- Military expenditure (current USD), per capita 17.76 current USD per person (2024)
- Military expenditure (current USD), per unit of GDP 0.0109 current USD per US$ of GDP (2024)
- Military expenditure (current USD), annual growth rate -0.536 % change on previous year (2024)
- Military expenditure (current USD), gaps filled 13.66 billion current USD (2024)
- Arms imports (SIPRI trend indicator values), per square kilometre 11.17 SIPRI trend indicator values per square kilometre (2023)
Frequently asked questions
- What is net incurrence of liabilities, total in Africa Eastern and Southern?
- Net incurrence of liabilities, total in Africa Eastern and Southern was 3.7% 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 Africa Eastern and Southern?
- The highest recorded value was 7.7% in 2020.
- What is the lowest net incurrence of liabilities, total recorded in Africa Eastern and Southern?
- The lowest recorded value was 2.5% in 2006.
- How does Africa Eastern and Southern rank for net incurrence of liabilities, total?
- Africa Eastern and Southern ranks 12th out of 21 groups with data for 2024.
- Is net incurrence of liabilities, total rising or falling in Africa Eastern and Southern?
- Over the last ten years it is down 19.5%. The long-run trend across the full record is rising.
- Where does this Africa Eastern and Southern 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 (% of GDP). 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 as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.