Net incurrence of liabilities, total (% of GDP) in Andorra
Andorra: Net incurrence of liabilities, total (% of GDP) 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 (% of GDP) 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% |
Andorra compared with similar countries
- Andorra's 0.1% is below the median for high income countries, which is 3.5%, 4% of the median. (41 countries reporting)
- Andorra's 0.1% is below the median for Europe & Central Asia, which is 3.4%, 4% of the median. (34 countries reporting)
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
- 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)
- 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)
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.
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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.