Net incurrence of liabilities, total in Lesotho
Lesotho: Net incurrence of liabilities, total was 0.7% in 2023. ◆ Volatile
Net incurrence of liabilities, total in Lesotho, 1987–2023
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 Lesotho is 0.7%, measured in 2023.
The figure is down 76.3% on the previous year and down 69.4% over ten years.
Over the whole period, net incurrence of liabilities, total in Lesotho peaked at 19.6% in 1987 and was at its lowest, -11.0%, in 2019.
Lesotho ranks 110th of 136 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Net incurrence of liabilities, total in Lesotho, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1987 | 19.6% | — |
| 1988 | 16.9% | -13.4% |
| 1989 | 8.0% | -53.1% |
| 1991 | 3.5% | -56.0% |
| 1992 | -7.6% | -317.6% |
| 1993 | 12.6% | -264.9% |
| 1994 | -2.3% | -118.2% |
| 1995 | 6.4% | -382.3% |
| 1996 | 3.4% | -46.9% |
| 1997 | 3.0% | -12.1% |
| 1998 | 6.1% | +103.6% |
| 1999 | 11.5% | +86.9% |
| 2000 | -6.6% | -157.9% |
| 2001 | 4.8% | -172.1% |
| 2002 | -2.6% | -154.4% |
| 2003 | 1.6% | -160.1% |
| 2004 | -5.7% | -466.5% |
| 2005 | -0.2% | -97.0% |
| 2006 | 0.9% | -621.6% |
| 2007 | 0.2% | -79.1% |
| 2008 | 1.4% | +607.6% |
| 2009 | 0.1% | -90.5% |
| 2010 | 1.5% | +1036.7% |
| 2011 | 3.6% | +147.1% |
| 2012 | 2.0% | -45.3% |
| 2013 | 2.3% | +15.2% |
| 2014 | 4.2% | +87.6% |
| 2015 | 1.2% | -71.8% |
| 2016 | 0.9% | -28.9% |
| 2017 | 3.0% | +254.2% |
| 2018 | 0.2% | -92.3% |
| 2019 | -11.0% | -4839.0% |
| 2020 | 2.4% | -121.4% |
| 2021 | 4.4% | +86.7% |
| 2022 | 2.9% | -33.7% |
| 2023 | 0.7% | -76.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 14.8% | 8.0% | 19.6% | 3 |
| 1990s | 4.1% | -7.6% | 12.6% | 9 |
| 2000s | -0.6% | -6.6% | 4.8% | 10 |
| 2010s | 0.8% | -11.0% | 4.2% | 10 |
| 2020s | 2.6% | 0.7% | 4.4% | 4 |
Countries ranked near Lesotho
More public sector data for Lesotho
- Arms imports 1.00 million SIPRI trend indicator values (2019)
- Arms imports (SIPRI trend indicator values), per capita 0.4526 SIPRI trend indicator values per person (2019)
- Arms imports (SIPRI trend indicator values), per unit of GDP 0.0004 SIPRI trend indicator values per US$ of GDP (2019)
- Arms imports (SIPRI trend indicator values), gaps filled 1.00 million SIPRI trend indicator values (2019)
- Military expenditure (current USD), per capita 15.53 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 5.37 % change on previous year (2024)
- Military expenditure (current USD), gaps filled 36.30 million current USD (2024)
- Arms imports (SIPRI trend indicator values), per square kilometre 32.94 SIPRI trend indicator values per square kilometre (2019)
- Military expenditure (current USD), per square kilometre 1,135 current USD per square kilometre (2023)
Frequently asked questions
- What is net incurrence of liabilities, total in Lesotho?
- Net incurrence of liabilities, total in Lesotho was 0.7% in 2023, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest net incurrence of liabilities, total recorded in Lesotho?
- The highest recorded value was 19.6% in 1987.
- What is the lowest net incurrence of liabilities, total recorded in Lesotho?
- The lowest recorded value was -11.0% in 2019.
- How does Lesotho rank for net incurrence of liabilities, total?
- Lesotho ranks 110th out of 136 countries with data for 2023.
- Is net incurrence of liabilities, total rising or falling in Lesotho?
- Over the last ten years it is down 69.4%. The long-run trend across the full record is volatile.
- Where does this Lesotho 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.