Net incurrence of liabilities, total in High income
High income: Net incurrence of liabilities, total was 4.1% in 1993. ▬ Flat
Net incurrence of liabilities, total in High income, 1976–1993
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 High income is 4.1%, measured in 1993.
Compared with earlier readings it is up 11.2% on the previous year and down 5.6% over ten years.
Over the whole period, net incurrence of liabilities, total in High income peaked at 4.4% in 1985 and was at its lowest, 2.5%, in 1979.
That places High income 10th out of 21 groups with data for 1993, putting it in the middle of the range.
Net incurrence of liabilities, total in High income, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1976 | 4.0% | — |
| 1977 | 3.5% | -13.2% |
| 1978 | 3.3% | -7.5% |
| 1979 | 2.5% | -23.0% |
| 1980 | 2.9% | +15.7% |
| 1981 | 3.3% | +14.9% |
| 1984 | 4.3% | +30.8% |
| 1985 | 4.4% | +1.8% |
| 1986 | 4.2% | -5.7% |
| 1987 | 2.8% | -33.0% |
| 1988 | 2.6% | -8.4% |
| 1990 | 2.8% | +10.0% |
| 1991 | 3.1% | +9.4% |
| 1992 | 3.7% | +19.7% |
| 1993 | 4.1% | +11.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 3.3% | 2.5% | 4.0% | 4 |
| 1980s | 3.5% | 2.6% | 4.4% | 7 |
| 1990s | 3.4% | 2.8% | 4.1% | 4 |
Countries ranked near High income
- 7 Bulgaria 10.1%
- 8 Sri Lanka 10.1%
- 9 Israel 9.9% compare
- 10 Guinea-Bissau 9.5%
- 11 Senegal 9.4%
- 12 Cape Verde 9.3%
- 13 Panama 9.0%
More public sector data for High income
- Arms imports 17.59 billion SIPRI trend indicator values (2024)
- Arms imports (SIPRI trend indicator values), per capita 12.4 SIPRI trend indicator values per person (2024)
- Arms imports (SIPRI trend indicator values), per unit of GDP 0.0002 SIPRI trend indicator values per US$ of GDP (2024)
- Arms imports (SIPRI trend indicator values), annual growth rate 16.09 % change on previous year (2024)
- Arms imports (SIPRI trend indicator values), gaps filled 17.59 billion SIPRI trend indicator values (2024)
- Military expenditure (current USD), per capita 1,385 current USD per person (2024)
- Military expenditure (current USD), per unit of GDP 0.0272 current USD per US$ of GDP (2024)
- Military expenditure (current USD), annual growth rate 12.96 % change on previous year (2024)
- Military expenditure (current USD), gaps filled 1.96 trillion current USD (2024)
- Arms imports (SIPRI trend indicator values), per square kilometre 292.64 SIPRI trend indicator values per square kilometre (2023)
Frequently asked questions
- What is net incurrence of liabilities, total in High income?
- Net incurrence of liabilities, total in High income was 4.1% in 1993, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest net incurrence of liabilities, total recorded in High income?
- The highest recorded value was 4.4% in 1985.
- What is the lowest net incurrence of liabilities, total recorded in High income?
- The lowest recorded value was 2.5% in 1979.
- How does High income rank for net incurrence of liabilities, total?
- High income ranks 10th out of 21 groups with data for 1993.
- Is net incurrence of liabilities, total rising or falling in High income?
- Over the last ten years it is down 5.6%. The long-run trend across the full record is flat.
- Where does this 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.