Net incurrence of liabilities, total (% of GDP) in Brazil
Brazil: Net incurrence of liabilities, total (% of GDP) was 7.3% in 2024. ▲ Rising
Net incurrence of liabilities, total in Brazil, 2010–2024
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 Brazil is 7.3%, measured in 2024.
That represents a change of up 6.9% on the previous year and up 35.4% over ten years.
Over the whole period, net incurrence of liabilities, total in Brazil peaked at 10.0% in 2020 and was at its lowest, 2.9%, in 2013.
That places Brazil 17th out of 136 countries with data for 2024, putting it in the top quarter.
The long-run direction has been consistently rising across the 15 years of available data.
Net incurrence of liabilities, total (% of GDP) in Brazil, year by year
| Year | % of GDP | Change |
|---|---|---|
| 2010 | 6.5% | — |
| 2011 | 4.6% | -30.2% |
| 2012 | 5.7% | +24.3% |
| 2013 | 2.9% | -48.9% |
| 2014 | 5.4% | +87.6% |
| 2015 | 9.1% | +67.0% |
| 2016 | 8.5% | -6.1% |
| 2017 | 8.4% | -1.5% |
| 2018 | 6.0% | -27.9% |
| 2019 | 6.5% | +7.1% |
| 2020 | 10.0% | +54.8% |
| 2021 | 7.5% | -25.3% |
| 2022 | 4.8% | -35.6% |
| 2023 | 6.9% | +42.7% |
| 2024 | 7.3% | +6.9% |
Brazil compared with similar countries
- Brazil's 7.3% is above the median for upper middle income countries, which is 2.9%, 2.6× the median. (47 countries reporting)
- Brazil's 7.3% is above the median for Latin America & Caribbean, which is 2.7%, 2.7× the median. (24 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 6.4% | 2.9% | 9.1% | 10 |
| 2020s | 7.3% | 4.8% | 10.0% | 5 |
Countries ranked near Brazil
More public sector data for Brazil
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Frequently asked questions
- What is net incurrence of liabilities, total in Brazil?
- Net incurrence of liabilities, total in Brazil was 7.3% 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 Brazil?
- The highest recorded value was 10.0% in 2020.
- What is the lowest net incurrence of liabilities, total recorded in Brazil?
- The lowest recorded value was 2.9% in 2013.
- How does Brazil rank for net incurrence of liabilities, total?
- Brazil ranks 17th out of 136 countries with data for 2024.
- Is net incurrence of liabilities, total rising or falling in Brazil?
- Over the last ten years it is up 35.4%. The long-run trend across the full record is rising.
- Where does this Brazil 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.