Net incurrence of liabilities, total in Least developed countries
Least developed countries: Net incurrence of liabilities, total was 3.8% in 2021. ▲ Rising
Net incurrence of liabilities, total in Least developed countries, 2010–2021
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
Least developed countries recorded 3.8% for net incurrence of liabilities, total in 2021.
The figure is down 13.6% on the previous year and up 32.1% over ten years.
Over the whole period, net incurrence of liabilities, total in Least developed countries peaked at 5.5% in 2016 and was at its lowest, 2.3%, in 2019.
Least developed countries ranks 11th of 21 groups on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 11 years of available data.
Net incurrence of liabilities, total in Least developed countries, year by year
| Year | % of GDP | Change |
|---|---|---|
| 2010 | 2.9% | — |
| 2012 | 2.5% | -13.2% |
| 2013 | 2.7% | +6.5% |
| 2014 | 3.1% | +14.5% |
| 2015 | 4.0% | +31.3% |
| 2016 | 5.5% | +37.2% |
| 2017 | 5.5% | -0.4% |
| 2018 | 3.4% | -38.5% |
| 2019 | 2.3% | -32.9% |
| 2020 | 4.4% | +95.2% |
| 2021 | 3.8% | -13.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 3.5% | 2.3% | 5.5% | 9 |
| 2020s | 4.1% | 3.8% | 4.4% | 2 |
Countries ranked near Least developed countries
More public sector data for Least developed countries
- Arms imports 748.00 million SIPRI trend indicator values (2023)
- Arms imports (SIPRI trend indicator values), per capita 0.645 SIPRI trend indicator values per person (2023)
- Arms imports (SIPRI trend indicator values), per unit of GDP 0.0005 SIPRI trend indicator values per US$ of GDP (2023)
- Arms imports (SIPRI trend indicator values), annual growth rate -26.74 % change on previous year (2023)
- Arms imports (SIPRI trend indicator values), gaps filled 748.00 million SIPRI trend indicator values (2023)
- Military expenditure (current USD), per capita 19.79 current USD per person (2024)
- Military expenditure (current USD), per unit of GDP 0.0152 current USD per US$ of GDP (2024)
- Military expenditure (current USD), annual growth rate 19.77 % change on previous year (2024)
- Military expenditure (current USD), gaps filled 23.48 billion current USD (2024)
- Arms imports (SIPRI trend indicator values), per square kilometre 36.74 SIPRI trend indicator values per square kilometre (2023)
Frequently asked questions
- What is net incurrence of liabilities, total in Least developed countries?
- Net incurrence of liabilities, total in Least developed countries was 3.8% in 2021, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest net incurrence of liabilities, total recorded in Least developed countries?
- The highest recorded value was 5.5% in 2016.
- What is the lowest net incurrence of liabilities, total recorded in Least developed countries?
- The lowest recorded value was 2.3% in 2019.
- How does Least developed countries rank for net incurrence of liabilities, total?
- Least developed countries ranks 11th out of 21 groups with data for 2021.
- Is net incurrence of liabilities, total rising or falling in Least developed countries?
- Over the last ten years it is up 32.1%. The long-run trend across the full record is rising.
- Where does this Least developed countries 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.