Net incurrence of liabilities, total in Lower middle income
Lower middle income: Net incurrence of liabilities, total was 3.2% in 2018. ▼ Falling
Net incurrence of liabilities, total in Lower middle income, 2003–2018
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
In 2018, net incurrence of liabilities, total in Lower middle income stood at 3.2%.
The figure is down 21.6% on the previous year and down 31.0% over ten years.
Over the whole period, net incurrence of liabilities, total in Lower middle income peaked at 5.8% in 2009 and was at its lowest, 2.7%, in 2007.
That places Lower middle income 13th out of 21 groups with data for 2018, putting it in the middle of the range.
The long-run direction has been consistently falling across the 11 years of available data.
Net incurrence of liabilities, total in Lower middle income, year by year
| Year | % of GDP | Change |
|---|---|---|
| 2003 | 4.7% | — |
| 2004 | 5.4% | +14.5% |
| 2005 | 4.8% | -9.8% |
| 2007 | 2.7% | -44.4% |
| 2008 | 4.7% | +75.1% |
| 2009 | 5.8% | +23.0% |
| 2010 | 4.3% | -25.9% |
| 2011 | 5.5% | +27.3% |
| 2012 | 4.9% | -10.2% |
| 2017 | 4.1% | -15.5% |
| 2018 | 3.2% | -21.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 4.7% | 2.7% | 5.8% | 6 |
| 2010s | 4.4% | 3.2% | 5.5% | 5 |
Countries ranked near Lower middle income
- 10 Guinea-Bissau 9.5%
- 11 Senegal 9.4%
- 12 Cape Verde 9.3% compare
- 13 Panama 9.0%
- 14 Singapore 8.7% compare
- 15 Bahrain 8.5% compare
- 16 Italy 8.0%
More public sector data for Lower middle income
- Arms imports 3.03 billion SIPRI trend indicator values (2024)
- Arms imports (SIPRI trend indicator values), per capita 1.04 SIPRI trend indicator values per person (2024)
- Arms imports (SIPRI trend indicator values), per unit of GDP 0.0004 SIPRI trend indicator values per US$ of GDP (2024)
- Arms imports (SIPRI trend indicator values), annual growth rate -52.59 % change on previous year (2024)
- Arms imports (SIPRI trend indicator values), gaps filled 3.03 billion SIPRI trend indicator values (2024)
- Military expenditure (current USD), per capita 43.69 current USD per person (2024)
- Military expenditure (current USD), per unit of GDP 0.0186 current USD per US$ of GDP (2024)
- Military expenditure (current USD), annual growth rate 4.38 % change on previous year (2024)
- Military expenditure (current USD), gaps filled 127.03 billion current USD (2024)
- Arms imports (SIPRI trend indicator values), per square kilometre 338.17 SIPRI trend indicator values per square kilometre (2023)
Frequently asked questions
- What is net incurrence of liabilities, total in Lower middle income?
- Net incurrence of liabilities, total in Lower middle income was 3.2% in 2018, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest net incurrence of liabilities, total recorded in Lower middle income?
- The highest recorded value was 5.8% in 2009.
- What is the lowest net incurrence of liabilities, total recorded in Lower middle income?
- The lowest recorded value was 2.7% in 2007.
- How does Lower middle income rank for net incurrence of liabilities, total?
- Lower middle income ranks 13th out of 21 groups with data for 2018.
- Is net incurrence of liabilities, total rising or falling in Lower middle income?
- Over the last ten years it is down 31.0%. The long-run trend across the full record is falling.
- Where does this Lower middle 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.