Net incurrence of liabilities, total (% of GDP) in Micronesia (country)
Micronesia (country): Net incurrence of liabilities, total (% of GDP) was 1.5% in 2020. ◆ Volatile
Net incurrence of liabilities, total in Micronesia (country), 2008–2020
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
Micronesia (country) recorded 1.5% for net incurrence of liabilities, total in 2020.
The figure is up 199.7% on the previous year and up 729.5% over ten years.
Over the whole period, net incurrence of liabilities, total in Micronesia (country) peaked at 7.8% in 2017 and was at its lowest, -5.1%, in 2018.
That places Micronesia (country) 96th out of 136 countries with data for 2020, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Net incurrence of liabilities, total (% of GDP) in Micronesia (country), year by year
| Year | % of GDP | Change |
|---|---|---|
| 2008 | 3.1% | — |
| 2009 | 0.7% | -78.6% |
| 2010 | -0.2% | -136.0% |
| 2011 | 2.3% | -1074.8% |
| 2012 | 2.6% | +10.0% |
| 2013 | -1.7% | -165.4% |
| 2014 | -2.8% | +67.1% |
| 2015 | 2.8% | -199.3% |
| 2016 | 2.1% | -23.2% |
| 2017 | 7.8% | +266.5% |
| 2018 | -5.1% | -165.0% |
| 2019 | -1.5% | -70.3% |
| 2020 | 1.5% | -199.7% |
Micronesia (country) compared with similar countries
- Micronesia (country)'s 1.5% is below the median for upper middle income countries, which is 2.9%, 52% of the median. (47 countries reporting)
- Micronesia (country)'s 1.5% is below the median for East Asia & Pacific, which is 2.0%, 75% of the median. (24 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 1.9% | 0.7% | 3.1% | 2 |
| 2010s | 0.6% | -5.1% | 7.8% | 10 |
| 2020s | 1.5% | 1.5% | 1.5% | 1 |
Countries ranked near Micronesia (country)
More public sector data for Micronesia (country)
- Democracy, annual growth rate 0 % change on previous year (2025)
- Chief executive of the government is elected, annual growth rate 0 % change on previous year (2025)
- Elected parliament, annual growth rate 0 % change on previous year (2025)
- Men's universal right to vote, annual growth rate 0 % change on previous year (2025)
- Universal right to vote, annual growth rate 0 % change on previous year (2025)
- Universal right to vote in practice, annual growth rate 0 % change on previous year (2025)
- Arms imports 7.00 million SIPRI trend indicator values (2023)
- Arms imports (SIPRI trend indicator values), per capita 62.15 SIPRI trend indicator values per person (2023)
- Arms imports (SIPRI trend indicator values), per unit of GDP 0.0158 SIPRI trend indicator values per US$ of GDP (2023)
- Arms imports (SIPRI trend indicator values), gaps filled 7.00 million SIPRI trend indicator values (2023)
Frequently asked questions
- What is net incurrence of liabilities, total in Micronesia (country)?
- Net incurrence of liabilities, total in Micronesia (country) was 1.5% 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 Micronesia (country)?
- The highest recorded value was 7.8% in 2017.
- What is the lowest net incurrence of liabilities, total recorded in Micronesia (country)?
- The lowest recorded value was -5.1% in 2018.
- How does Micronesia (country) rank for net incurrence of liabilities, total?
- Micronesia (country) ranks 96th out of 136 countries with data for 2020.
- Is net incurrence of liabilities, total rising or falling in Micronesia (country)?
- Over the last ten years it is up 729.5%. The long-run trend across the full record is volatile.
- Where does this Micronesia (country) 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.
Download this data
CSV · JSON — 13 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
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.