Net incurrence of liabilities, total in Marshall Islands
Marshall Islands: Net incurrence of liabilities, total was -0.1% in 2020. ◆ Volatile
Net incurrence of liabilities, total in Marshall Islands, 2008–2020
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
In 2020, net incurrence of liabilities, total in Marshall Islands stood at -0.1%.
The figure is down 103.7% on the previous year and down 125.9% over ten years.
Over the whole period, net incurrence of liabilities, total in Marshall Islands peaked at 2.7% in 2019 and was at its lowest, -8.6%, in 2011.
Marshall Islands ranks 123rd 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 Marshall Islands, year by year
| Year | % of GDP | Change |
|---|---|---|
| 2008 | 1.6% | — |
| 2009 | 1.2% | -29.4% |
| 2010 | 0.4% | -66.5% |
| 2011 | -8.6% | -2339.6% |
| 2012 | -2.5% | -71.1% |
| 2013 | 0.4% | -117.2% |
| 2014 | -2.1% | -582.3% |
| 2015 | -1.6% | -23.8% |
| 2016 | -1.0% | -37.4% |
| 2017 | 0.3% | -132.0% |
| 2018 | -2.6% | -907.9% |
| 2019 | 2.7% | -206.8% |
| 2020 | -0.1% | -103.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 1.4% | 1.2% | 1.6% | 2 |
| 2010s | -1.4% | -8.6% | 2.7% | 10 |
| 2020s | -0.1% | -0.1% | -0.1% | 1 |
Countries ranked near Marshall Islands
- 120 Andorra 0.1%
- 121 Tonga 0.0% compare
- 122 Lebanon 0.0% compare
- 124 Netherlands -0.1%
- 125 Bolivia, Plurinational State of -0.3%
- 126 Iraq -0.4% compare
More public sector data for Marshall Islands
- Tax revenue 17.2% (2020)
- Taxes on income, profits and capital gains 9.7% (2020)
- Taxes on goods and services 8.4% (2020)
- Net investment in nonfinancial assets 8.8% (2020)
- Net lending (+) / net borrowing (-) 5.0% (2020)
- Interest payments 0.4% (2020)
- Grants and other revenue 75.8% (2020)
- Interest payments 0.5% (2020)
- Other taxes 0.8% (2020)
- Compensation of employees 35.3% (2020)
Frequently asked questions
- What is net incurrence of liabilities, total in Marshall Islands?
- Net incurrence of liabilities, total in Marshall Islands was -0.1% in 2020, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest net incurrence of liabilities, total recorded in Marshall Islands?
- The highest recorded value was 2.7% in 2019.
- What is the lowest net incurrence of liabilities, total recorded in Marshall Islands?
- The lowest recorded value was -8.6% in 2011.
- How does Marshall Islands rank for net incurrence of liabilities, total?
- Marshall Islands ranks 123rd out of 136 countries with data for 2020.
- Is net incurrence of liabilities, total rising or falling in Marshall Islands?
- Over the last ten years it is down 125.9%. The long-run trend across the full record is volatile.
- Where does this Marshall Islands 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.