Net incurrence of liabilities, total (% of GDP) in Serbia
Serbia: Net incurrence of liabilities, total (% of GDP) was 6.3% in 2012. ◆ Volatile
Net incurrence of liabilities, total in Serbia, 2007–2012
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 Serbia is 6.3%, measured in 2012. That is the highest value across all 6 years on record.
The figure is up 31.3% on the previous year and up 657.2% over ten years.
Serbia ranks 27th of 136 countries on this measure, in the top quarter.
Net incurrence of liabilities, total (% of GDP) in Serbia, year by year
| Year | % of GDP | Change |
|---|---|---|
| 2007 | -1.1% | — |
| 2008 | -0.8% | -30.9% |
| 2009 | 3.7% | -567.1% |
| 2010 | 3.0% | -19.0% |
| 2011 | 4.8% | +62.3% |
| 2012 | 6.3% | +31.3% |
Serbia compared with similar countries
- Serbia's 6.3% is above the median for upper middle income countries, which is 2.9%, 2.2× the median. (47 countries reporting)
- Serbia's 6.3% is above the median for Europe & Central Asia, which is 3.4%, 1.9× the median. (34 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 0.6% | -1.1% | 3.7% | 3 |
| 2010s | 4.7% | 3.0% | 6.3% | 3 |
Countries ranked near Serbia
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Frequently asked questions
- What is net incurrence of liabilities, total in Serbia?
- Net incurrence of liabilities, total in Serbia was 6.3% in 2012, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest net incurrence of liabilities, total recorded in Serbia?
- The highest recorded value was 6.3% in 2012.
- What is the lowest net incurrence of liabilities, total recorded in Serbia?
- The lowest recorded value was -1.1% in 2007.
- How does Serbia rank for net incurrence of liabilities, total?
- Serbia ranks 27th out of 136 countries with data for 2012.
- Is net incurrence of liabilities, total rising or falling in Serbia?
- Over the last ten years it is up 657.2%. The long-run trend across the full record is volatile.
- Where does this Serbia 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.