Net incurrence of liabilities, total in Caribbean Small States
Caribbean Small States: Net incurrence of liabilities, total was 2.9% in 2016. ▲ Rising
Net incurrence of liabilities, total in Caribbean Small States, 2006–2016
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 Caribbean Small States is 2.9%, measured in 2016.
Compared with earlier readings it is up 21.5% on the previous year and up 1,932.1% over ten years.
Over the whole period, net incurrence of liabilities, total in Caribbean Small States peaked at 3.1% in 2014 and was at its lowest, 0.1%, in 2006.
That places Caribbean Small States 20th out of 21 groups with data for 2016, putting it in the bottom quarter.
The long-run direction has been consistently rising across the 11 years of available data.
Net incurrence of liabilities, total in Caribbean Small States, year by year
| Year | % of GDP | Change |
|---|---|---|
| 2006 | 0.1% | — |
| 2007 | 1.8% | +1117.0% |
| 2008 | 1.2% | -29.7% |
| 2009 | 2.0% | +64.3% |
| 2010 | 0.8% | -58.8% |
| 2011 | 2.6% | +207.3% |
| 2012 | 2.9% | +13.8% |
| 2013 | 2.6% | -10.4% |
| 2014 | 3.1% | +20.1% |
| 2015 | 2.4% | -23.3% |
| 2016 | 2.9% | +21.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 1.3% | 0.1% | 2.0% | 4 |
| 2010s | 2.5% | 0.8% | 3.1% | 7 |
Countries ranked near Caribbean Small States
- 17 Brazil 7.3% compare
- 18 Mexico 7.2% compare
- 19 United States of America 7.0% compare
- 20 United Kingdom of Great Britain and Northern Ireland 7.0% compare
- 21 Nepal 7.0% compare
- 22 India 6.7% compare
- 23 North Macedonia 6.6% compare
More public sector data for Caribbean Small States
- Tax revenue 17.7% (2017)
- Taxes on income, profits and capital gains 26.1% (2019)
- Taxes on goods and services 20.8% (2019)
- Net investment in nonfinancial assets 2.4% (2017)
- Net lending (+) / net borrowing (-) -5.5% (2017)
- Interest payments 13.2% (2019)
- Grants and other revenue 18.7% (2019)
- Interest payments 9.6% (2019)
- Other taxes 16.1% (2019)
- Compensation of employees 32.1% (2019)
Frequently asked questions
- What is net incurrence of liabilities, total in Caribbean Small States?
- Net incurrence of liabilities, total in Caribbean Small States was 2.9% in 2016, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest net incurrence of liabilities, total recorded in Caribbean Small States?
- The highest recorded value was 3.1% in 2014.
- What is the lowest net incurrence of liabilities, total recorded in Caribbean Small States?
- The lowest recorded value was 0.1% in 2006.
- How does Caribbean Small States rank for net incurrence of liabilities, total?
- Caribbean Small States ranks 20th out of 21 groups with data for 2016.
- Is net incurrence of liabilities, total rising or falling in Caribbean Small States?
- Over the last ten years it is up 1,932.1%. The long-run trend across the full record is rising.
- Where does this Caribbean Small States 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.