Net incurrence of liabilities, total in Samoa
Samoa: Net incurrence of liabilities, total was -2.4% in 2023. ◆ Volatile
Net incurrence of liabilities, total in Samoa, 2012–2023
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
In 2023, net incurrence of liabilities, total in Samoa stood at -2.4%.
That represents a change of down 19.1% on the previous year and down 154.6% over ten years.
Over the whole period, net incurrence of liabilities, total in Samoa peaked at 7.1% in 2012 and was at its lowest, -2.5%, in 2019.
That places Samoa 135th out of 136 countries with data for 2023, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Net incurrence of liabilities, total in Samoa, year by year
| Year | % of GDP | Change |
|---|---|---|
| 2012 | 7.1% | — |
| 2013 | 4.5% | -37.3% |
| 2014 | 4.7% | +5.7% |
| 2015 | 2.0% | -58.2% |
| 2016 | -0.1% | -104.1% |
| 2017 | -0.5% | +490.5% |
| 2018 | 0.6% | -214.9% |
| 2019 | -2.5% | -554.4% |
| 2020 | -2.0% | -21.7% |
| 2021 | -1.2% | -40.5% |
| 2022 | -2.1% | +75.4% |
| 2023 | -2.4% | +19.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 2.0% | -2.5% | 7.1% | 8 |
| 2020s | -1.9% | -2.4% | -1.2% | 4 |
Countries ranked near Samoa
- 132 Luxembourg -1.3%
- 133 Timor-Leste -1.9% compare
- 134 Naoero -2.0% compare
- 136 Kiribati -2.9% compare
More public sector data for Samoa
- Tax revenue 24.0% (2023)
- Taxes on income, profits and capital gains 13.8% (2023)
- Taxes on goods and services 45.1% (2023)
- Net investment in nonfinancial assets 4.6% (2023)
- Net lending (+) / net borrowing (-) 4.4% (2023)
- Interest payments 1.2% (2023)
- Grants and other revenue 31.5% (2023)
- Interest payments 1.7% (2023)
- Other taxes 0.0% (2023)
- Compensation of employees 46.1% (2023)
Frequently asked questions
- What is net incurrence of liabilities, total in Samoa?
- Net incurrence of liabilities, total in Samoa was -2.4% in 2023, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest net incurrence of liabilities, total recorded in Samoa?
- The highest recorded value was 7.1% in 2012.
- What is the lowest net incurrence of liabilities, total recorded in Samoa?
- The lowest recorded value was -2.5% in 2019.
- How does Samoa rank for net incurrence of liabilities, total?
- Samoa ranks 135th out of 136 countries with data for 2023.
- Is net incurrence of liabilities, total rising or falling in Samoa?
- Over the last ten years it is down 154.6%. The long-run trend across the full record is volatile.
- Where does this Samoa 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.