Net incurrence of liabilities, total (% of GDP) in Russia
Russia: Net incurrence of liabilities, total (% of GDP) was 1.3% in 2024. ◆ Volatile
Net incurrence of liabilities, total in Russia, 1998–2024
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 Russia is 1.3%, measured in 2024.
The figure is up 109.1% on the previous year and down 17.8% over ten years.
Over the whole period, net incurrence of liabilities, total in Russia peaked at 5.8% in 1998 and was at its lowest, -6.1%, in 2002.
Russia ranks 100th of 136 countries on this measure, 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 Russia, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1998 | 5.8% | — |
| 1999 | 1.9% | -66.3% |
| 2000 | -1.1% | -154.5% |
| 2001 | -2.9% | +174.7% |
| 2002 | -6.1% | +109.1% |
| 2003 | -2.8% | -53.7% |
| 2004 | -1.3% | -52.3% |
| 2005 | -3.9% | +188.9% |
| 2006 | -2.3% | -40.6% |
| 2007 | -0.3% | -86.4% |
| 2008 | 0.4% | -242.4% |
| 2009 | 1.7% | +283.3% |
| 2010 | 1.6% | -7.8% |
| 2011 | 1.6% | +1.8% |
| 2012 | 0.8% | -47.6% |
| 2013 | 1.3% | +50.8% |
| 2014 | 1.6% | +23.2% |
| 2015 | 0.6% | -62.8% |
| 2016 | 1.4% | +136.1% |
| 2017 | 3.3% | +137.8% |
| 2018 | 1.0% | -70.1% |
| 2019 | 2.4% | +144.4% |
| 2020 | 4.8% | +104.0% |
| 2021 | 2.8% | -42.1% |
| 2022 | 1.3% | -54.0% |
| 2023 | 0.6% | -52.7% |
| 2024 | 1.3% | +109.1% |
Russia compared with similar countries
- Russia's 1.3% is below the median for high income countries, which is 3.5%, 37% of the median. (41 countries reporting)
- Russia's 1.3% is below the median for Europe & Central Asia, which is 3.4%, 38% of the median. (34 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 3.9% | 1.9% | 5.8% | 2 |
| 2000s | -1.9% | -6.1% | 1.7% | 10 |
| 2010s | 1.5% | 0.6% | 3.3% | 10 |
| 2020s | 2.2% | 0.6% | 4.8% | 5 |
Countries ranked near Russia
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Frequently asked questions
- What is net incurrence of liabilities, total in Russia?
- Net incurrence of liabilities, total in Russia was 1.3% in 2024, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest net incurrence of liabilities, total recorded in Russia?
- The highest recorded value was 5.8% in 1998.
- What is the lowest net incurrence of liabilities, total recorded in Russia?
- The lowest recorded value was -6.1% in 2002.
- How does Russia rank for net incurrence of liabilities, total?
- Russia ranks 100th out of 136 countries with data for 2024.
- Is net incurrence of liabilities, total rising or falling in Russia?
- Over the last ten years it is down 17.8%. The long-run trend across the full record is volatile.
- Where does this Russia 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.