Net incurrence of liabilities, total in Europe & Central Asia (IDA & IBRD countries)
Europe & Central Asia (IDA & IBRD countries): Net incurrence of liabilities, total was 3.2% in 2024. ▲ Rising
Net incurrence of liabilities, total in Europe & Central Asia (IDA & IBRD countries), 2008–2024
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 Europe & Central Asia (IDA & IBRD countries) is 3.2%, measured in 2024.
The figure is down 18.4% on the previous year and up 78.7% over ten years.
Over the whole period, net incurrence of liabilities, total in Europe & Central Asia (IDA & IBRD countries) peaked at 5.6% in 2020 and was at its lowest, 1.1%, in 2008.
Europe & Central Asia (IDA & IBRD countries) ranks 15th of 21 groups on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 17 years of available data.
Net incurrence of liabilities, total in Europe & Central Asia (IDA & IBRD countries), year by year
| Year | % of GDP | Change |
|---|---|---|
| 2008 | 1.1% | — |
| 2009 | 3.5% | +229.7% |
| 2010 | 2.3% | -35.4% |
| 2011 | 1.8% | -19.5% |
| 2012 | 1.2% | -36.0% |
| 2013 | 1.2% | +1.6% |
| 2014 | 1.8% | +49.6% |
| 2015 | 1.1% | -39.8% |
| 2016 | 1.8% | +67.3% |
| 2017 | 3.1% | +70.8% |
| 2018 | 1.5% | -49.5% |
| 2019 | 2.8% | +81.2% |
| 2020 | 5.6% | +101.1% |
| 2021 | 3.1% | -45.2% |
| 2022 | 3.7% | +19.8% |
| 2023 | 3.9% | +5.2% |
| 2024 | 3.2% | -18.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 2.3% | 1.1% | 3.5% | 2 |
| 2010s | 1.9% | 1.1% | 3.1% | 10 |
| 2020s | 3.9% | 3.1% | 5.6% | 5 |
Countries ranked near Europe & Central Asia (IDA & IBRD countries)
More public sector data for Europe & Central Asia (IDA & IBRD countries)
- Arms imports 8.83 billion SIPRI trend indicator values (2024)
- Arms imports (SIPRI trend indicator values), per capita 19.2 SIPRI trend indicator values per person (2024)
- Arms imports (SIPRI trend indicator values), per unit of GDP 0.0014 SIPRI trend indicator values per US$ of GDP (2024)
- Arms imports (SIPRI trend indicator values), annual growth rate 13.61 % change on previous year (2024)
- Arms imports (SIPRI trend indicator values), gaps filled 8.83 billion SIPRI trend indicator values (2024)
- Military expenditure (current USD), per capita 657.44 current USD per person (2024)
- Military expenditure (current USD), per unit of GDP 0.0492 current USD per US$ of GDP (2024)
- Military expenditure (current USD), annual growth rate 25.48 % change on previous year (2024)
- Military expenditure (current USD), gaps filled 302.41 billion current USD (2024)
- Arms imports (SIPRI trend indicator values), per square kilometre 338.22 SIPRI trend indicator values per square kilometre (2023)
Frequently asked questions
- What is net incurrence of liabilities, total in Europe & Central Asia (IDA & IBRD countries)?
- Net incurrence of liabilities, total in Europe & Central Asia (IDA & IBRD countries) was 3.2% 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 (IDA & IBRD countries)?
- The highest recorded value was 5.6% in 2020.
- What is the lowest net incurrence of liabilities, total recorded in Europe & Central Asia (IDA & IBRD countries)?
- The lowest recorded value was 1.1% in 2008.
- How does Europe & Central Asia (IDA & IBRD countries) rank for net incurrence of liabilities, total?
- Europe & Central Asia (IDA & IBRD countries) ranks 15th out of 21 groups with data for 2024.
- Is net incurrence of liabilities, total rising or falling in Europe & Central Asia (IDA & IBRD countries)?
- Over the last ten years it is up 78.7%. The long-run trend across the full record is rising.
- Where does this Europe & Central Asia (IDA & IBRD countries) 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.