Net incurrence of liabilities, total in Palau
Palau: Net incurrence of liabilities, total was 20.3% in 2020. ◆ Volatile
Net incurrence of liabilities, total in Palau, 2008–2020
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 Palau is 20.3%, measured in 2020. That is the highest value across all 13 years on record.
Compared with earlier readings it is up 1,212.3% on the previous year and up 321.6% over ten years.
Over the whole period, net incurrence of liabilities, total in Palau peaked at 20.3% in 2020 and was at its lowest, -3.4%, in 2013.
That places Palau 1st out of 136 countries with data for 2020, putting it in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Net incurrence of liabilities, total in Palau, year by year
| Year | % of GDP | Change |
|---|---|---|
| 2008 | -0.7% | — |
| 2009 | -0.7% | +0.3% |
| 2010 | 4.8% | -747.7% |
| 2011 | -3.2% | -167.1% |
| 2012 | 3.7% | -214.8% |
| 2013 | -3.4% | -192.8% |
| 2014 | 0.4% | -110.6% |
| 2015 | -1.8% | -586.9% |
| 2016 | 5.7% | -419.4% |
| 2017 | 1.6% | -71.7% |
| 2018 | 4.0% | +147.8% |
| 2019 | 1.5% | -61.0% |
| 2020 | 20.3% | +1212.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -0.7% | -0.7% | -0.7% | 2 |
| 2010s | 1.3% | -3.4% | 5.7% | 10 |
| 2020s | 20.3% | 20.3% | 20.3% | 1 |
Countries ranked near Palau
More public sector data for Palau
- Tax revenue 18.1% (2020)
- Taxes on income, profits and capital gains 8.8% (2020)
- Taxes on goods and services 14.2% (2020)
- Net investment in nonfinancial assets 6.4% (2020)
- Net lending (+) / net borrowing (-) -9.5% (2020)
- Interest payments 0.6% (2020)
- Grants and other revenue 63.3% (2020)
- Interest payments 0.5% (2020)
- Other taxes 1.4% (2020)
- Compensation of employees 31.0% (2020)
Frequently asked questions
- What is net incurrence of liabilities, total in Palau?
- Net incurrence of liabilities, total in Palau was 20.3% 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 Palau?
- The highest recorded value was 20.3% in 2020.
- What is the lowest net incurrence of liabilities, total recorded in Palau?
- The lowest recorded value was -3.4% in 2013.
- How does Palau rank for net incurrence of liabilities, total?
- Palau ranks 1st out of 136 countries with data for 2020.
- Is net incurrence of liabilities, total rising or falling in Palau?
- Over the last ten years it is up 321.6%. The long-run trend across the full record is volatile.
- Where does this Palau 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.