Net incurrence of liabilities, total (% of GDP) in Finland
Finland: Net incurrence of liabilities, total (% of GDP) was 13.5% in 1994. ◆ Volatile
Net incurrence of liabilities, total in Finland, 1972–1994
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 Finland is 13.5%, measured in 1994.
Compared with earlier readings it is down 19.3% on the previous year and up 710.2% over ten years.
Over the whole period, net incurrence of liabilities, total in Finland peaked at 16.7% in 1993 and was at its lowest, -1.0%, in 1973.
That places Finland 4th out of 136 countries with data for 1994, putting it in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Net incurrence of liabilities, total (% of GDP) in Finland, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1972 | -0.3% | — |
| 1973 | -1.0% | +203.4% |
| 1974 | -0.5% | -53.7% |
| 1975 | 0.7% | -247.7% |
| 1976 | 0.8% | +6.4% |
| 1977 | 1.1% | +50.2% |
| 1978 | 3.1% | +176.6% |
| 1979 | 2.0% | -36.8% |
| 1980 | 1.8% | -9.8% |
| 1981 | 1.2% | -31.6% |
| 1982 | 2.1% | +75.7% |
| 1983 | 2.6% | +22.7% |
| 1984 | 1.7% | -36.4% |
| 1985 | 1.0% | -39.3% |
| 1986 | 1.1% | +10.2% |
| 1987 | 1.8% | +62.5% |
| 1988 | 0.1% | -96.5% |
| 1989 | -0.8% | -1357.1% |
| 1990 | 0.2% | -127.9% |
| 1991 | 5.1% | +2223.5% |
| 1992 | 14.0% | +174.2% |
| 1993 | 16.7% | +19.4% |
| 1994 | 13.5% | -19.3% |
Finland compared with similar countries
- Finland's 13.5% is above the median for high income countries, which is 3.5%, 3.9× the median. (41 countries reporting)
- Finland's 13.5% is above the median for Europe & Central Asia, which is 3.4%, 4.0× the median. (34 countries reporting)
Biggest year-on-year movements
Years where Net incurrence of liabilities, total (% of GDP) in Finland changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1991 | +2223.5% | 0.2% | 5.1% |
| 1989 | -1357.1% | 0.1% | -0.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 0.7% | -1.0% | 3.1% | 8 |
| 1980s | 1.3% | -0.8% | 2.6% | 10 |
| 1990s | 9.9% | 0.2% | 16.7% | 5 |
Countries ranked near Finland
More public sector data for Finland
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Frequently asked questions
- What is net incurrence of liabilities, total in Finland?
- Net incurrence of liabilities, total in Finland was 13.5% in 1994, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest net incurrence of liabilities, total recorded in Finland?
- The highest recorded value was 16.7% in 1993.
- What is the lowest net incurrence of liabilities, total recorded in Finland?
- The lowest recorded value was -1.0% in 1973.
- How does Finland rank for net incurrence of liabilities, total?
- Finland ranks 4th out of 136 countries with data for 1994.
- Is net incurrence of liabilities, total rising or falling in Finland?
- Over the last ten years it is up 710.2%. The long-run trend across the full record is volatile.
- Where does this Finland 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.