Net incurrence of liabilities, total in Europe & Central Asia (excluding high income)
Europe & Central Asia (excluding high income): Net incurrence of liabilities, total was 5.8% in 2024. ◆ Volatile
Net incurrence of liabilities, total in Europe & Central Asia (excluding high income), 2008–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
In 2024, net incurrence of liabilities, total in Europe & Central Asia (excluding high income) stood at 5.8%.
Compared with earlier readings it is down 23.5% on the previous year and up 183.8% over ten years.
Over the whole period, net incurrence of liabilities, total in Europe & Central Asia (excluding high income) peaked at 7.5% in 2023 and was at its lowest, 1.1%, in 2013.
That places Europe & Central Asia (excluding high income) 8th out of 21 groups with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Net incurrence of liabilities, total in Europe & Central Asia (excluding high income), year by year
| Year | % of GDP | Change |
|---|---|---|
| 2008 | 1.9% | — |
| 2009 | 5.9% | +213.0% |
| 2010 | 3.1% | -48.1% |
| 2011 | 2.1% | -32.5% |
| 2012 | 1.5% | -26.3% |
| 2013 | 1.1% | -27.7% |
| 2014 | 2.0% | +83.1% |
| 2015 | 1.6% | -20.3% |
| 2016 | 2.3% | +39.9% |
| 2017 | 2.9% | +25.9% |
| 2018 | 2.2% | -23.4% |
| 2019 | 3.3% | +50.0% |
| 2020 | 6.5% | +98.7% |
| 2021 | 3.4% | -47.7% |
| 2022 | 6.4% | +86.9% |
| 2023 | 7.5% | +18.2% |
| 2024 | 5.8% | -23.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 3.9% | 1.9% | 5.9% | 2 |
| 2010s | 2.2% | 1.1% | 3.3% | 10 |
| 2020s | 5.9% | 3.4% | 7.5% | 5 |
Countries ranked near Europe & Central Asia (excluding high income)
More public sector data for Europe & Central Asia (excluding high income)
- Arms imports 6.55 billion SIPRI trend indicator values (2024)
- Arms imports (SIPRI trend indicator values), per capita 26.15 SIPRI trend indicator values per person (2024)
- Arms imports (SIPRI trend indicator values), per unit of GDP 0.0027 SIPRI trend indicator values per US$ of GDP (2024)
- Arms imports (SIPRI trend indicator values), annual growth rate 13.15 % change on previous year (2024)
- Arms imports (SIPRI trend indicator values), gaps filled 6.55 billion SIPRI trend indicator values (2024)
- Military expenditure (current USD), per capita 410.43 current USD per person (2024)
- Military expenditure (current USD), per unit of GDP 0.0419 current USD per US$ of GDP (2024)
- Military expenditure (current USD), annual growth rate 6.61 % change on previous year (2024)
- Military expenditure (current USD), gaps filled 102.77 billion current USD (2024)
- Arms imports (SIPRI trend indicator values), per square kilometre 979.77 SIPRI trend indicator values per square kilometre (2023)
All data for Europe & Central Asia (excluding high income) →
Frequently asked questions
- What is net incurrence of liabilities, total in Europe & Central Asia (excluding high income)?
- Net incurrence of liabilities, total in Europe & Central Asia (excluding high income) was 5.8% 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 Europe & Central Asia (excluding high income)?
- The highest recorded value was 7.5% in 2023.
- What is the lowest net incurrence of liabilities, total recorded in Europe & Central Asia (excluding high income)?
- The lowest recorded value was 1.1% in 2013.
- How does Europe & Central Asia (excluding high income) rank for net incurrence of liabilities, total?
- Europe & Central Asia (excluding high income) ranks 8th out of 21 groups with data for 2024.
- Is net incurrence of liabilities, total rising or falling in Europe & Central Asia (excluding high income)?
- Over the last ten years it is up 183.8%. The long-run trend across the full record is volatile.
- Where does this Europe & Central Asia (excluding high income) 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.