Net incurrence of liabilities, total in Naoero
Naoero: Net incurrence of liabilities, total was -2.0% in 2020. ◆ Volatile
Net incurrence of liabilities, total in Naoero, 2014–2020
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 Naoero is -2.0%, measured in 2020.
Compared with earlier readings it is down 227.8% on the previous year and up 82.8% over ten years.
That places Naoero 134th out of 136 countries with data for 2020, putting it in the bottom quarter.
Net incurrence of liabilities, total in Naoero, year by year
| Year | % of GDP | Change |
|---|---|---|
| 2014 | -11.7% | — |
| 2015 | 23.0% | -295.9% |
| 2016 | 1.7% | -92.8% |
| 2017 | 8.3% | +401.9% |
| 2018 | 0.3% | -96.4% |
| 2019 | 1.6% | +433.3% |
| 2020 | -2.0% | -227.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 3.8% | -11.7% | 23.0% | 6 |
| 2020s | -2.0% | -2.0% | -2.0% | 1 |
Countries ranked near Naoero
- 131 Seychelles -1.2%
- 132 Luxembourg -1.3%
- 133 Timor-Leste -1.9% compare
- 135 Samoa -2.4% compare
- 136 Kiribati -2.9% compare
More public sector data for Naoero
- Tax revenue 21.4% (2024)
- Capital stock, General government, Current prices, Domestic currency 0 (2019)
- Taxes on income, profits and capital gains 8.7% (2024)
- Capital stock, General government, Constant prices, Percent of GDP 0 (2019)
- Capital stock, General government, Constant prices, Purchasing power 0 (2019)
- Taxes on goods and services 2.7% (2024)
- Net investment in nonfinancial assets 9.2% (2024)
- Capital stock, General government, Current prices, Domestic currency 0 units per person (2019)
- Capital stock, General government, Current prices, Domestic currency 0 units per US$ of GDP (2019)
- Net lending (+) / net borrowing (-) 15.1% (2024)
Frequently asked questions
- What is net incurrence of liabilities, total in Naoero?
- Net incurrence of liabilities, total in Naoero was -2.0% 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 Naoero?
- The highest recorded value was 23.0% in 2015.
- What is the lowest net incurrence of liabilities, total recorded in Naoero?
- The lowest recorded value was -11.7% in 2014.
- How does Naoero rank for net incurrence of liabilities, total?
- Naoero ranks 134th out of 136 countries with data for 2020.
- Is net incurrence of liabilities, total rising or falling in Naoero?
- Over the last ten years it is up 82.8%. The long-run trend across the full record is volatile.
- Where does this Naoero 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.