Net incurrence of liabilities, total in Guinea-Bissau
Guinea-Bissau: Net incurrence of liabilities, total was 9.5% in 2024. ▲ Rising
Net incurrence of liabilities, total in Guinea-Bissau, 2017–2024
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 Guinea-Bissau stood at 9.5%.
Compared with earlier readings it is up 11.1% on the previous year and up 353.7% over ten years.
That places Guinea-Bissau 10th out of 136 countries with data for 2024, putting it in the top 10%.
Net incurrence of liabilities, total in Guinea-Bissau, year by year
| Year | % of GDP | Change |
|---|---|---|
| 2017 | 2.1% | — |
| 2018 | 4.8% | +130.3% |
| 2019 | 3.8% | -21.4% |
| 2020 | 9.6% | +153.1% |
| 2021 | 6.4% | -33.5% |
| 2022 | 7.1% | +10.6% |
| 2023 | 8.6% | +21.1% |
| 2024 | 9.5% | +11.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 3.6% | 2.1% | 4.8% | 3 |
| 2020s | 8.2% | 6.4% | 9.6% | 5 |
Countries ranked near Guinea-Bissau
More public sector data for Guinea-Bissau
- Arms imports 5.00 million SIPRI trend indicator values (1993)
- Arms imports (SIPRI trend indicator values), per capita 4.72 SIPRI trend indicator values per person (1993)
- Arms imports (SIPRI trend indicator values), per unit of GDP 0.0081 SIPRI trend indicator values per US$ of GDP (1993)
- Arms imports (SIPRI trend indicator values), annual growth rate -70 % change on previous year (1991)
- Arms imports (SIPRI trend indicator values), gaps filled 5.00 million SIPRI trend indicator values (1993)
- Military expenditure (current USD), per capita 11.75 current USD per person (2023)
- Military expenditure (current USD), per unit of GDP 0.0122 current USD per US$ of GDP (2023)
- Military expenditure (current USD), annual growth rate 3.07 % change on previous year (2023)
- Military expenditure (current USD), gaps filled 25.29 million current USD (2023)
- Arms imports (SIPRI trend indicator values), per square kilometre 177.81 SIPRI trend indicator values per square kilometre (1993)
Frequently asked questions
- What is net incurrence of liabilities, total in Guinea-Bissau?
- Net incurrence of liabilities, total in Guinea-Bissau was 9.5% 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 Guinea-Bissau?
- The highest recorded value was 9.6% in 2020.
- What is the lowest net incurrence of liabilities, total recorded in Guinea-Bissau?
- The lowest recorded value was 2.1% in 2017.
- How does Guinea-Bissau rank for net incurrence of liabilities, total?
- Guinea-Bissau ranks 10th out of 136 countries with data for 2024.
- Is net incurrence of liabilities, total rising or falling in Guinea-Bissau?
- Over the last ten years it is up 353.7%. The long-run trend across the full record is rising.
- Where does this Guinea-Bissau 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.