Net incurrence of liabilities, total in South Asia
South Asia: Net incurrence of liabilities, total was 6.9% in 2022. ▼ Falling
Net incurrence of liabilities, total in South Asia, 1974–2022
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 South Asia is 6.9%, measured in 2022.
Compared with earlier readings it is up 46.0% over ten years.
Over the whole period, net incurrence of liabilities, total in South Asia peaked at 8.7% in 1986 and was at its lowest, 2.3%, in 1978.
That places South Asia 1st out of 21 groups with data for 2022, putting it in the top 10%.
The long-run direction has been consistently falling across the 46 years of available data.
Net incurrence of liabilities, total in South Asia, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1974 | 3.0% | — |
| 1975 | 4.3% | +41.7% |
| 1976 | 3.5% | -18.8% |
| 1977 | 6.0% | +70.5% |
| 1978 | 2.3% | -61.9% |
| 1979 | 5.3% | +131.4% |
| 1980 | 6.1% | +16.8% |
| 1981 | 4.8% | -22.2% |
| 1982 | 7.5% | +56.7% |
| 1983 | 4.4% | -41.7% |
| 1984 | 6.9% | +58.9% |
| 1985 | 7.8% | +12.6% |
| 1986 | 8.7% | +11.6% |
| 1987 | 7.7% | -12.2% |
| 1988 | 7.6% | -0.7% |
| 1989 | 7.3% | -3.5% |
| 1990 | 7.7% | +4.5% |
| 1991 | 5.6% | -26.9% |
| 1992 | 5.1% | -8.3% |
| 1993 | 7.0% | +35.7% |
| 1994 | 5.5% | -20.6% |
| 1995 | 5.2% | -5.8% |
| 1996 | 4.9% | -6.6% |
| 1997 | 4.8% | -0.7% |
| 1998 | 5.2% | +8.4% |
| 1999 | 5.3% | +1.6% |
| 2000 | 5.5% | +2.9% |
| 2001 | 5.9% | +8.4% |
| 2002 | 4.9% | -17.5% |
| 2003 | 2.9% | -40.0% |
| 2004 | 5.0% | +68.4% |
| 2005 | 4.2% | -14.4% |
| 2006 | 2.6% | -38.3% |
| 2007 | 2.4% | -6.9% |
| 2008 | 4.7% | +91.5% |
| 2009 | 6.1% | +29.9% |
| 2010 | 4.4% | -28.1% |
| 2011 | 5.5% | +25.8% |
| 2012 | 4.7% | -14.0% |
| 2013 | 4.5% | -4.1% |
| 2014 | 3.8% | -15.7% |
| 2015 | 3.8% | -0.0% |
| 2016 | 3.2% | -14.7% |
| 2017 | 3.5% | +7.5% |
| 2018 | 3.2% | -7.0% |
| 2022 | 6.9% | +111.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 4.1% | 2.3% | 6.0% | 6 |
| 1980s | 6.9% | 4.4% | 8.7% | 10 |
| 1990s | 5.6% | 4.8% | 7.7% | 10 |
| 2000s | 4.4% | 2.4% | 6.1% | 10 |
| 2010s | 4.1% | 3.2% | 5.5% | 9 |
| 2020s | 6.9% | 6.9% | 6.9% | 1 |
Countries ranked near South Asia
More public sector data for South Asia
- Arms imports 1.26 billion SIPRI trend indicator values (2024)
- Arms imports (SIPRI trend indicator values), per capita 0.7506 SIPRI trend indicator values per person (2024)
- Arms imports (SIPRI trend indicator values), per unit of GDP 0.0003 SIPRI trend indicator values per US$ of GDP (2024)
- Arms imports (SIPRI trend indicator values), annual growth rate -19.55 % change on previous year (2024)
- Arms imports (SIPRI trend indicator values), gaps filled 1.26 billion SIPRI trend indicator values (2024)
- Military expenditure (current USD), per capita 54.8 current USD per person (2024)
- Military expenditure (current USD), per unit of GDP 0.0211 current USD per US$ of GDP (2024)
- Military expenditure (current USD), annual growth rate 4.84 % change on previous year (2024)
- Military expenditure (current USD), gaps filled 91.92 billion current USD (2024)
- Arms imports (SIPRI trend indicator values), per square kilometre 467.61 SIPRI trend indicator values per square kilometre (2023)
Frequently asked questions
- What is net incurrence of liabilities, total in South Asia?
- Net incurrence of liabilities, total in South Asia was 6.9% in 2022, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest net incurrence of liabilities, total recorded in South Asia?
- The highest recorded value was 8.7% in 1986.
- What is the lowest net incurrence of liabilities, total recorded in South Asia?
- The lowest recorded value was 2.3% in 1978.
- How does South Asia rank for net incurrence of liabilities, total?
- South Asia ranks 1st out of 21 groups with data for 2022.
- Is net incurrence of liabilities, total rising or falling in South Asia?
- Over the last ten years it is up 46.0%. The long-run trend across the full record is falling.
- Where does this South Asia 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.