Net incurrence of liabilities, total in OECD members
OECD members: Net incurrence of liabilities, total was 2.9% in 1994. ▼ Falling
Net incurrence of liabilities, total in OECD members, 1975–1994
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
In 1994, net incurrence of liabilities, total in OECD members stood at 2.9%.
The figure is down 28.3% on the previous year and down 31.7% over ten years.
Over the whole period, net incurrence of liabilities, total in OECD members peaked at 4.9% in 1983 and was at its lowest, 1.8%, in 1989.
OECD members ranks 19th of 21 groups on this measure, in the bottom quarter.
The long-run direction has been consistently falling across the 20 years of available data.
Net incurrence of liabilities, total in OECD members, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1975 | 3.4% | — |
| 1976 | 3.9% | +16.0% |
| 1977 | 3.5% | -10.6% |
| 1978 | 3.2% | -8.4% |
| 1979 | 2.5% | -21.7% |
| 1980 | 2.8% | +13.1% |
| 1981 | 3.3% | +14.8% |
| 1982 | 3.7% | +14.3% |
| 1983 | 4.9% | +31.1% |
| 1984 | 4.3% | -11.8% |
| 1985 | 4.4% | +2.0% |
| 1986 | 4.1% | -5.8% |
| 1987 | 2.7% | -35.0% |
| 1988 | 2.6% | -4.9% |
| 1989 | 1.8% | -31.0% |
| 1990 | 2.7% | +55.6% |
| 1991 | 3.0% | +10.4% |
| 1992 | 3.6% | +20.3% |
| 1993 | 4.1% | +12.5% |
| 1994 | 2.9% | -28.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 3.3% | 2.5% | 3.9% | 5 |
| 1980s | 3.5% | 1.8% | 4.9% | 10 |
| 1990s | 3.3% | 2.7% | 4.1% | 5 |
Countries ranked near OECD members
More public sector data for OECD members
- Arms imports 11.87 billion SIPRI trend indicator values (2024)
- Arms imports (SIPRI trend indicator values), per capita 8.5 SIPRI trend indicator values per person (2024)
- Arms imports (SIPRI trend indicator values), per unit of GDP 0.0002 SIPRI trend indicator values per US$ of GDP (2024)
- Arms imports (SIPRI trend indicator values), annual growth rate 26.58 % change on previous year (2024)
- Arms imports (SIPRI trend indicator values), gaps filled 11.87 billion SIPRI trend indicator values (2024)
- Military expenditure (current USD), per capita 1,238 current USD per person (2024)
- Military expenditure (current USD), per unit of GDP 0.0253 current USD per US$ of GDP (2024)
- Military expenditure (current USD), annual growth rate 12.54 % change on previous year (2024)
- Military expenditure (current USD), gaps filled 1.73 trillion current USD (2024)
- Arms imports (SIPRI trend indicator values), per square kilometre 265.52 SIPRI trend indicator values per square kilometre (2023)
Frequently asked questions
- What is net incurrence of liabilities, total in OECD members?
- Net incurrence of liabilities, total in OECD members was 2.9% in 1994, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest net incurrence of liabilities, total recorded in OECD members?
- The highest recorded value was 4.9% in 1983.
- What is the lowest net incurrence of liabilities, total recorded in OECD members?
- The lowest recorded value was 1.8% in 1989.
- How does OECD members rank for net incurrence of liabilities, total?
- OECD members ranks 19th out of 21 groups with data for 1994.
- Is net incurrence of liabilities, total rising or falling in OECD members?
- Over the last ten years it is down 31.7%. The long-run trend across the full record is falling.
- Where does this OECD members 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.