Net incurrence of liabilities, total in Latin America & Caribbean (excluding high income)
Latin America & Caribbean (excluding high income): Net incurrence of liabilities, total was 6.5% in 2024. ▲ Rising
Net incurrence of liabilities, total in Latin America & Caribbean (excluding high income), 2010–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
Latin America & Caribbean (excluding high income) recorded 6.5% for net incurrence of liabilities, total in 2024.
That represents a change of up 15.1% on the previous year and up 48.5% over ten years.
Over the whole period, net incurrence of liabilities, total in Latin America & Caribbean (excluding high income) peaked at 7.5% in 2020 and was at its lowest, 2.9%, in 2011.
Latin America & Caribbean (excluding high income) ranks 4th of 21 groups on this measure, in the top quarter.
The long-run direction has been consistently rising across the 15 years of available data.
Net incurrence of liabilities, total in Latin America & Caribbean (excluding high income), year by year
| Year | % of GDP | Change |
|---|---|---|
| 2010 | 5.0% | — |
| 2011 | 2.9% | -41.7% |
| 2012 | 4.4% | +51.0% |
| 2013 | 3.3% | -26.3% |
| 2014 | 4.4% | +34.0% |
| 2015 | 5.9% | +33.5% |
| 2016 | 6.0% | +2.2% |
| 2017 | 5.3% | -11.9% |
| 2018 | 5.1% | -3.9% |
| 2019 | 4.2% | -18.1% |
| 2020 | 7.5% | +80.4% |
| 2021 | 5.9% | -20.7% |
| 2022 | 4.6% | -21.8% |
| 2023 | 5.7% | +21.7% |
| 2024 | 6.5% | +15.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 4.6% | 2.9% | 6.0% | 10 |
| 2020s | 6.0% | 4.6% | 7.5% | 5 |
Countries ranked near Latin America & Caribbean (excluding high income)
More public sector data for Latin America & Caribbean (excluding high income)
- Arms imports 611.00 million SIPRI trend indicator values (2024)
- Arms imports (SIPRI trend indicator values), per capita 0.9814 SIPRI trend indicator values per person (2024)
- Arms imports (SIPRI trend indicator values), per unit of GDP 0.0001 SIPRI trend indicator values per US$ of GDP (2024)
- Arms imports (SIPRI trend indicator values), annual growth rate 64.69 % change on previous year (2024)
- Arms imports (SIPRI trend indicator values), gaps filled 611.00 million SIPRI trend indicator values (2024)
- Military expenditure (current USD), per capita 106.17 current USD per person (2024)
- Military expenditure (current USD), per unit of GDP 0.0105 current USD per US$ of GDP (2024)
- Military expenditure (current USD), annual growth rate 12.04 % change on previous year (2024)
- Military expenditure (current USD), gaps filled 66.10 billion current USD (2024)
- Arms imports (SIPRI trend indicator values), per square kilometre 19.76 SIPRI trend indicator values per square kilometre (2023)
All data for Latin America & Caribbean (excluding high income) →
Frequently asked questions
- What is net incurrence of liabilities, total in Latin America & Caribbean (excluding high income)?
- Net incurrence of liabilities, total in Latin America & Caribbean (excluding high income) was 6.5% 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 Latin America & Caribbean (excluding high income)?
- The highest recorded value was 7.5% in 2020.
- What is the lowest net incurrence of liabilities, total recorded in Latin America & Caribbean (excluding high income)?
- The lowest recorded value was 2.9% in 2011.
- How does Latin America & Caribbean (excluding high income) rank for net incurrence of liabilities, total?
- Latin America & Caribbean (excluding high income) ranks 4th out of 21 groups with data for 2024.
- Is net incurrence of liabilities, total rising or falling in Latin America & Caribbean (excluding high income)?
- Over the last ten years it is up 48.5%. The long-run trend across the full record is rising.
- Where does this Latin America & Caribbean (excluding 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.