Net incurrence of liabilities, total (% of GDP) in New Zealand
New Zealand: Net incurrence of liabilities, total (% of GDP) was 2.0% in 2008. ◆ Volatile
Net incurrence of liabilities, total in New Zealand, 2002–2008
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
In 2008, net incurrence of liabilities, total in New Zealand stood at 2.0%. That is the highest value across all 5 years on record.
The figure is up 93.5% on the previous year and up 438.2% over ten years.
That places New Zealand 92nd out of 136 countries with data for 2008, putting it in the middle of the range.
Net incurrence of liabilities, total (% of GDP) in New Zealand, year by year
| Year | % of GDP | Change |
|---|---|---|
| 2002 | 0.4% | — |
| 2003 | 1.7% | +350.7% |
| 2004 | -0.6% | -136.7% |
| 2005 | 1.0% | -268.2% |
| 2008 | 2.0% | +93.5% |
New Zealand compared with similar countries
- New Zealand's 2.0% is below the median for high income countries, which is 3.5%, 57% of the median. (41 countries reporting)
- New Zealand's 2.0% is below the median for East Asia & Pacific, which is 2.0%, 99% of the median. (24 countries reporting)
Countries ranked near New Zealand
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Frequently asked questions
- What is net incurrence of liabilities, total in New Zealand?
- Net incurrence of liabilities, total in New Zealand was 2.0% in 2008, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest net incurrence of liabilities, total recorded in New Zealand?
- The highest recorded value was 2.0% in 2008.
- What is the lowest net incurrence of liabilities, total recorded in New Zealand?
- The lowest recorded value was -0.6% in 2004.
- How does New Zealand rank for net incurrence of liabilities, total?
- New Zealand ranks 92nd out of 136 countries with data for 2008.
- Is net incurrence of liabilities, total rising or falling in New Zealand?
- Over the last ten years it is up 438.2%. The long-run trend across the full record is volatile.
- Where does this New Zealand 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.