Net incurrence of liabilities, total in Latin America & Caribbean
Latin America & Caribbean: Net incurrence of liabilities, total was 6.2% in 2024. ▲ Rising
Net incurrence of liabilities, total in Latin America & Caribbean, 2010–2024
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 Latin America & Caribbean stood at 6.2%.
That represents a change of up 15.6% on the previous year and up 47.8% over ten years.
Over the whole period, net incurrence of liabilities, total in Latin America & Caribbean peaked at 7.3% in 2020 and was at its lowest, 2.9%, in 2011.
Latin America & Caribbean ranks 6th 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, year by year
| Year | % of GDP | Change |
|---|---|---|
| 2010 | 4.8% | — |
| 2011 | 2.9% | -39.7% |
| 2012 | 4.2% | +44.8% |
| 2013 | 3.1% | -26.5% |
| 2014 | 4.2% | +37.7% |
| 2015 | 5.6% | +33.1% |
| 2016 | 5.8% | +3.2% |
| 2017 | 5.1% | -11.3% |
| 2018 | 4.8% | -5.7% |
| 2019 | 4.1% | -15.1% |
| 2020 | 7.3% | +78.1% |
| 2021 | 5.9% | -19.0% |
| 2022 | 4.5% | -24.2% |
| 2023 | 5.4% | +19.9% |
| 2024 | 6.2% | +15.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 4.5% | 2.9% | 5.8% | 10 |
| 2020s | 5.9% | 4.5% | 7.3% | 5 |
Countries ranked near Latin America & Caribbean
More public sector data for Latin America & Caribbean
- Arms imports 644.00 million SIPRI trend indicator values (2024)
- Arms imports (SIPRI trend indicator values), per capita 0.9725 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 67.27 % change on previous year (2024)
- Arms imports (SIPRI trend indicator values), gaps filled 644.00 million SIPRI trend indicator values (2024)
- Military expenditure (current USD), per capita 110.81 current USD per person (2024)
- Military expenditure (current USD), per unit of GDP 0.0104 current USD per US$ of GDP (2024)
- Military expenditure (current USD), annual growth rate 10.62 % change on previous year (2024)
- Military expenditure (current USD), gaps filled 73.38 billion current USD (2024)
- Arms imports (SIPRI trend indicator values), per square kilometre 19.2 SIPRI trend indicator values per square kilometre (2023)
Frequently asked questions
- What is net incurrence of liabilities, total in Latin America & Caribbean?
- Net incurrence of liabilities, total in Latin America & Caribbean was 6.2% 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?
- The highest recorded value was 7.3% in 2020.
- What is the lowest net incurrence of liabilities, total recorded in Latin America & Caribbean?
- The lowest recorded value was 2.9% in 2011.
- How does Latin America & Caribbean rank for net incurrence of liabilities, total?
- Latin America & Caribbean ranks 6th out of 21 groups with data for 2024.
- Is net incurrence of liabilities, total rising or falling in Latin America & Caribbean?
- Over the last ten years it is up 47.8%. The long-run trend across the full record is rising.
- Where does this Latin America & Caribbean 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.