Net incurrence of liabilities, total in Andorra
Andorra: Net incurrence of liabilities, total was 0.1% in 2024. ◆ Volatile
Net incurrence of liabilities, total in Andorra, 2018–2024
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 Andorra is 0.1%, measured in 2024.
The figure is up 107.9% on the previous year and up 133.6% over ten years.
That places Andorra 120th out of 136 countries with data for 2024, putting it in the bottom quarter.
Net incurrence of liabilities, total in Andorra, year by year
| Year | % of GDP | Change |
|---|---|---|
| 2018 | -0.4% | — |
| 2019 | 0.5% | -240.0% |
| 2020 | 9.1% | +1579.3% |
| 2021 | 11.1% | +21.8% |
| 2022 | -3.3% | -129.6% |
| 2023 | -1.7% | -49.6% |
| 2024 | 0.1% | -107.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 0.1% | -0.4% | 0.5% | 2 |
| 2020s | 3.1% | -3.3% | 11.1% | 5 |
Countries ranked near Andorra
- 117 Bahamas 0.4% compare
- 118 Norway 0.3%
- 119 Kyrgyzstan 0.1% compare
- 121 Tonga 0.0% compare
- 122 Lebanon 0.0% compare
- 123 Marshall Islands -0.1%
More public sector data for Andorra
- Tax revenue 15.6% (2024)
- Taxes on income, profits and capital gains 19.4% (2024)
- Taxes on goods and services 22.8% (2024)
- Net investment in nonfinancial assets 1.7% (2024)
- Net lending (+) / net borrowing (-) 2.3% (2024)
- Interest payments 1.5% (2024)
- Grants and other revenue 13.2% (2024)
- Taxes on international trade 10.1% (2024)
- Revenue, General government, Percent of GDP 39.75 (2030)
- Tax revenue (current LCU), gaps filled 581.74 million current LCU (2024)
Frequently asked questions
- What is net incurrence of liabilities, total in Andorra?
- Net incurrence of liabilities, total in Andorra was 0.1% 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 Andorra?
- The highest recorded value was 11.1% in 2021.
- What is the lowest net incurrence of liabilities, total recorded in Andorra?
- The lowest recorded value was -3.3% in 2022.
- How does Andorra rank for net incurrence of liabilities, total?
- Andorra ranks 120th out of 136 countries with data for 2024.
- Is net incurrence of liabilities, total rising or falling in Andorra?
- Over the last ten years it is up 133.6%. The long-run trend across the full record is volatile.
- Where does this Andorra 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.
Download this data
CSV · JSON — 7 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
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.