Net incurrence of liabilities, total (% of GDP) in Italy
Italy: Net incurrence of liabilities, total (% of GDP) was 8.0% in 1991. ▲ Rising
Net incurrence of liabilities, total in Italy, 1976–1991
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 Italy is 8.0%, measured in 1991.
Compared with earlier readings it is down 7.8% on the previous year and down 21.9% over ten years.
Over the whole period, net incurrence of liabilities, total in Italy peaked at 14.2% in 1985 and was at its lowest, 5.8%, in 1979.
Italy ranks 16th of 136 countries on this measure, in the top quarter.
The long-run direction has been consistently rising across the 12 years of available data.
Net incurrence of liabilities, total (% of GDP) in Italy, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1976 | 8.9% | — |
| 1977 | 9.8% | +10.2% |
| 1978 | 11.1% | +13.4% |
| 1979 | 5.8% | -47.7% |
| 1980 | 6.3% | +7.9% |
| 1981 | 10.3% | +63.7% |
| 1984 | 9.8% | -4.2% |
| 1985 | 14.2% | +43.7% |
| 1986 | 10.3% | -27.0% |
| 1987 | 8.9% | -14.0% |
| 1988 | 8.7% | -1.9% |
| 1991 | 8.0% | -7.8% |
Italy compared with similar countries
- Italy's 8.0% is above the median for high income countries, which is 3.5%, 2.3× the median. (41 countries reporting)
- Italy's 8.0% is above the median for Europe & Central Asia, which is 3.4%, 2.4× the median. (34 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 8.9% | 5.8% | 11.1% | 4 |
| 1980s | 9.8% | 6.3% | 14.2% | 7 |
| 1990s | 8.0% | 8.0% | 8.0% | 1 |
Countries ranked near Italy
More public sector data for Italy
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Frequently asked questions
- What is net incurrence of liabilities, total in Italy?
- Net incurrence of liabilities, total in Italy was 8.0% in 1991, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest net incurrence of liabilities, total recorded in Italy?
- The highest recorded value was 14.2% in 1985.
- What is the lowest net incurrence of liabilities, total recorded in Italy?
- The lowest recorded value was 5.8% in 1979.
- How does Italy rank for net incurrence of liabilities, total?
- Italy ranks 16th out of 136 countries with data for 1991.
- Is net incurrence of liabilities, total rising or falling in Italy?
- Over the last ten years it is down 21.9%. The long-run trend across the full record is rising.
- Where does this Italy 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.