Net incurrence of liabilities, total in Europe & Central Asia
Europe & Central Asia: Net incurrence of liabilities, total was 2.4% in 1988. ▼ Falling
Net incurrence of liabilities, total in Europe & Central Asia, 1976–1988
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
Europe & Central Asia recorded 2.4% for net incurrence of liabilities, total in 1988. That is the lowest value across all 11 years on record.
The figure is down 8.8% on the previous year and down 38.9% over ten years.
Over the whole period, net incurrence of liabilities, total in Europe & Central Asia peaked at 4.6% in 1985 and was at its lowest, 2.4%, in 1988.
Europe & Central Asia ranks 21st of 21 groups on this measure, in the bottom quarter.
The long-run direction has been consistently falling across the 11 years of available data.
Net incurrence of liabilities, total in Europe & Central Asia, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1976 | 3.4% | — |
| 1977 | 4.6% | +33.9% |
| 1978 | 3.9% | -14.2% |
| 1979 | 3.7% | -6.0% |
| 1980 | 3.1% | -15.6% |
| 1981 | 4.0% | +27.0% |
| 1984 | 4.3% | +8.8% |
| 1985 | 4.6% | +8.0% |
| 1986 | 3.7% | -20.8% |
| 1987 | 2.6% | -28.5% |
| 1988 | 2.4% | -8.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 3.9% | 3.4% | 4.6% | 4 |
| 1980s | 3.5% | 2.4% | 4.6% | 7 |
Countries ranked near Europe & Central Asia
- 18 Mexico 7.2%
- 19 United States of America 7.0% compare
- 20 United Kingdom of Great Britain and Northern Ireland 7.0% compare
- 21 Nepal 7.0%
- 22 India 6.7% compare
- 23 North Macedonia 6.6%
- 24 Bhutan 6.4% compare
More public sector data for Europe & Central Asia
- Arms imports 14.17 billion SIPRI trend indicator values (2024)
- Arms imports (SIPRI trend indicator values), per capita 15.26 SIPRI trend indicator values per person (2024)
- Arms imports (SIPRI trend indicator values), per unit of GDP 0.0005 SIPRI trend indicator values per US$ of GDP (2024)
- Arms imports (SIPRI trend indicator values), annual growth rate 23.95 % change on previous year (2024)
- Arms imports (SIPRI trend indicator values), gaps filled 14.17 billion SIPRI trend indicator values (2024)
- Military expenditure (current USD), per capita 774.37 current USD per person (2024)
- Military expenditure (current USD), per unit of GDP 0.0245 current USD per US$ of GDP (2024)
- Military expenditure (current USD), annual growth rate 19.52 % change on previous year (2024)
- Military expenditure (current USD), gaps filled 719.05 billion current USD (2024)
- Arms imports (SIPRI trend indicator values), per square kilometre 416.81 SIPRI trend indicator values per square kilometre (2023)
Frequently asked questions
- What is net incurrence of liabilities, total in Europe & Central Asia?
- Net incurrence of liabilities, total in Europe & Central Asia was 2.4% in 1988, 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?
- The highest recorded value was 4.6% in 1985.
- What is the lowest net incurrence of liabilities, total recorded in Europe & Central Asia?
- The lowest recorded value was 2.4% in 1988.
- How does Europe & Central Asia rank for net incurrence of liabilities, total?
- Europe & Central Asia ranks 21st out of 21 groups with data for 1988.
- Is net incurrence of liabilities, total rising or falling in Europe & Central Asia?
- Over the last ten years it is down 38.9%. The long-run trend across the full record is falling.
- Where does this Europe & Central Asia 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.