Net incurrence of liabilities, total in Spain
Spain: Net incurrence of liabilities, total was 4.1% in 2024. ◆ Volatile
Net incurrence of liabilities, total in Spain, 1972–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
Spain recorded 4.1% for net incurrence of liabilities, total in 2024.
The figure is down 3.2% on the previous year and down 38.1% over ten years.
Over the whole period, net incurrence of liabilities, total in Spain peaked at 17.9% in 2012 and was at its lowest, -0.8%, in 2003.
That places Spain 55th out of 136 countries with data for 2024, putting it 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 in Spain, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1972 | 1.2% | — |
| 1973 | 0.5% | -58.1% |
| 1974 | 1.2% | +151.9% |
| 1975 | 1.7% | +40.5% |
| 1976 | 1.5% | -15.1% |
| 1977 | 2.7% | +82.7% |
| 1978 | 2.0% | -26.6% |
| 1979 | 3.3% | +67.7% |
| 1980 | 3.7% | +13.6% |
| 1981 | 4.7% | +24.8% |
| 1982 | 5.3% | +13.7% |
| 1983 | 6.8% | +27.4% |
| 1984 | 8.1% | +19.9% |
| 1985 | 6.5% | -19.9% |
| 1986 | 4.4% | -33.0% |
| 1987 | 3.8% | -12.3% |
| 1988 | 3.4% | -9.6% |
| 1989 | 2.3% | -32.6% |
| 1990 | 5.3% | +129.2% |
| 1991 | 3.3% | -38.9% |
| 1992 | 3.9% | +20.3% |
| 1993 | 10.2% | +160.9% |
| 1994 | 4.4% | -57.0% |
| 1995 | 6.5% | +48.8% |
| 1996 | 8.0% | +22.1% |
| 1997 | 2.9% | -64.2% |
| 1998 | 3.3% | +14.0% |
| 1999 | 2.5% | -21.8% |
| 2000 | 1.9% | -26.2% |
| 2001 | -0.4% | -119.7% |
| 2002 | 0.6% | -252.6% |
| 2003 | -0.8% | -243.4% |
| 2004 | 0.5% | -166.1% |
| 2005 | -0.2% | -135.8% |
| 2006 | -0.2% | +2.5% |
| 2007 | -0.8% | +289.7% |
| 2008 | 3.9% | -607.6% |
| 2009 | 11.1% | +183.8% |
| 2010 | 4.7% | -57.4% |
| 2011 | 6.4% | +36.2% |
| 2012 | 17.9% | +178.1% |
| 2013 | 8.4% | -52.8% |
| 2014 | 6.7% | -21.0% |
| 2015 | 5.5% | -18.2% |
| 2016 | 4.2% | -23.0% |
| 2017 | 5.8% | +38.4% |
| 2018 | 4.9% | -16.0% |
| 2019 | 3.1% | -36.9% |
| 2020 | 12.8% | +316.8% |
| 2021 | 9.9% | -23.2% |
| 2022 | 6.6% | -33.2% |
| 2023 | 4.3% | -35.3% |
| 2024 | 4.1% | -3.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 1.7% | 0.5% | 3.3% | 8 |
| 1980s | 4.9% | 2.3% | 8.1% | 10 |
| 1990s | 5.0% | 2.5% | 10.2% | 10 |
| 2000s | 1.6% | -0.8% | 11.1% | 10 |
| 2010s | 6.8% | 3.1% | 17.9% | 10 |
| 2020s | 7.5% | 4.1% | 12.8% | 5 |
Countries ranked near Spain
More public sector data for Spain
- Arms imports 148.00 million SIPRI trend indicator values (2024)
- Arms imports (SIPRI trend indicator values), per capita 3.03 SIPRI trend indicator values per person (2024)
- Arms imports (SIPRI trend indicator values), per unit of GDP 0.0001 SIPRI trend indicator values per US$ of GDP (2024)
- Arms imports (SIPRI trend indicator values), annual growth rate -16.85 % change on previous year (2024)
- Arms imports (SIPRI trend indicator values), gaps filled 148.00 million SIPRI trend indicator values (2024)
- Military expenditure (current USD), per capita 503.91 current USD per person (2024)
- Military expenditure (current USD), per unit of GDP 0.0143 current USD per US$ of GDP (2024)
- Military expenditure (current USD), annual growth rate 3.33 % change on previous year (2024)
- Military expenditure (current USD), gaps filled 24.62 billion current USD (2024)
- Arms imports (SIPRI trend indicator values), per square kilometre 356.22 SIPRI trend indicator values per square kilometre (2023)
Frequently asked questions
- What is net incurrence of liabilities, total in Spain?
- Net incurrence of liabilities, total in Spain was 4.1% 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 Spain?
- The highest recorded value was 17.9% in 2012.
- What is the lowest net incurrence of liabilities, total recorded in Spain?
- The lowest recorded value was -0.8% in 2003.
- How does Spain rank for net incurrence of liabilities, total?
- Spain ranks 55th out of 136 countries with data for 2024.
- Is net incurrence of liabilities, total rising or falling in Spain?
- Over the last ten years it is down 38.1%. The long-run trend across the full record is volatile.
- Where does this Spain 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.