Net incurrence of liabilities, total in Bahamas
Bahamas: Net incurrence of liabilities, total was 0.4% in 2024. ◆ Volatile
Net incurrence of liabilities, total in Bahamas, 1990–2024
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 Bahamas is 0.4%, measured in 2024.
The figure is down 86.8% on the previous year and down 90.7% over ten years.
Over the whole period, net incurrence of liabilities, total in Bahamas peaked at 14.3% in 2021 and was at its lowest, 0.3%, in 2000.
That places Bahamas 117th out of 136 countries with data for 2024, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Net incurrence of liabilities, total in Bahamas, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1990 | 3.1% | — |
| 1991 | 3.4% | +10.4% |
| 1992 | 2.4% | -30.3% |
| 1993 | 2.7% | +15.9% |
| 1994 | 1.5% | -43.2% |
| 1995 | 0.4% | -72.5% |
| 1996 | 2.2% | +416.7% |
| 1997 | 2.4% | +7.4% |
| 1998 | 1.0% | -56.8% |
| 1999 | 0.6% | -37.7% |
| 2000 | 0.3% | -56.6% |
| 2001 | 0.9% | +217.9% |
| 2002 | 1.6% | +86.8% |
| 2003 | 2.6% | +55.8% |
| 2004 | 2.3% | -10.8% |
| 2005 | 1.8% | -20.6% |
| 2006 | 1.9% | +4.7% |
| 2007 | 2.6% | +35.9% |
| 2008 | 2.5% | -4.1% |
| 2009 | 3.9% | +59.4% |
| 2010 | 3.1% | -20.4% |
| 2011 | 1.5% | -51.3% |
| 2012 | 3.3% | +114.7% |
| 2013 | 7.5% | +127.7% |
| 2014 | 4.2% | -43.7% |
| 2015 | 4.3% | +1.9% |
| 2016 | 2.9% | -32.3% |
| 2017 | 4.7% | +60.9% |
| 2018 | 5.3% | +14.5% |
| 2019 | 2.2% | -58.7% |
| 2020 | 6.4% | +190.4% |
| 2021 | 14.3% | +122.7% |
| 2022 | 6.2% | -56.8% |
| 2023 | 3.0% | -52.0% |
| 2024 | 0.4% | -86.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 2.0% | 0.4% | 3.4% | 10 |
| 2000s | 2.0% | 0.3% | 3.9% | 10 |
| 2010s | 3.9% | 1.5% | 7.5% | 10 |
| 2020s | 6.0% | 0.4% | 14.3% | 5 |
Countries ranked near Bahamas
- 114 Switzerland 0.5% compare
- 115 Tajikistan 0.4% compare
- 116 Afghanistan 0.4% compare
- 118 Norway 0.3% compare
- 119 Kyrgyzstan 0.1% compare
- 120 Andorra 0.1% compare
More public sector data for Bahamas
- Arms imports 12.00 million SIPRI trend indicator values (2017)
- Arms imports (SIPRI trend indicator values), per capita 30.73 SIPRI trend indicator values per person (2017)
- Arms imports (SIPRI trend indicator values), per unit of GDP 0.001 SIPRI trend indicator values per US$ of GDP (2017)
- Arms imports (SIPRI trend indicator values), gaps filled 12.00 million SIPRI trend indicator values (2017)
- Arms imports (SIPRI trend indicator values), per square kilometre 1,199 SIPRI trend indicator values per square kilometre (2017)
- Tax revenue 17.3% (2024)
- Capital stock, General government, Current prices, Domestic currency 2.72 (2019)
- Capital stock, General government, Constant prices, Percent of GDP 24.77 (2019)
- Capital stock, General government, Constant prices, Purchasing power 3.16 (2019)
- Taxes on goods and services 58.7% (2024)
Frequently asked questions
- What is net incurrence of liabilities, total in Bahamas?
- Net incurrence of liabilities, total in Bahamas was 0.4% 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 Bahamas?
- The highest recorded value was 14.3% in 2021.
- What is the lowest net incurrence of liabilities, total recorded in Bahamas?
- The lowest recorded value was 0.3% in 2000.
- How does Bahamas rank for net incurrence of liabilities, total?
- Bahamas ranks 117th out of 136 countries with data for 2024.
- Is net incurrence of liabilities, total rising or falling in Bahamas?
- Over the last ten years it is down 90.7%. The long-run trend across the full record is volatile.
- Where does this Bahamas 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.