Net incurrence of liabilities, total in Saint Kitts and Nevis
Saint Kitts and Nevis: Net incurrence of liabilities, total was -1.0% in 2020. ◆ Volatile
Net incurrence of liabilities, total in Saint Kitts and Nevis, 2000–2020
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
Saint Kitts and Nevis recorded -1.0% for net incurrence of liabilities, total in 2020. That is the lowest value across all 12 years on record.
The figure is down 150.8% over ten years.
Over the whole period, net incurrence of liabilities, total in Saint Kitts and Nevis peaked at 15.7% in 2005 and was at its lowest, -1.0%, in 2020.
Saint Kitts and Nevis ranks 130th of 136 countries on this measure, 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 Saint Kitts and Nevis, year by year
| Year | % of GDP | Change |
|---|---|---|
| 2000 | 11.1% | — |
| 2001 | 11.3% | +1.7% |
| 2002 | 5.2% | -54.4% |
| 2003 | 4.5% | -13.2% |
| 2004 | 12.4% | +177.8% |
| 2005 | 15.7% | +25.9% |
| 2006 | 3.2% | -79.9% |
| 2007 | 2.1% | -33.3% |
| 2008 | -0.3% | -113.6% |
| 2009 | 3.3% | -1249.8% |
| 2010 | 2.0% | -39.5% |
| 2020 | -1.0% | -150.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 6.8% | -0.3% | 15.7% | 10 |
| 2010s | 2.0% | 2.0% | 2.0% | 1 |
| 2020s | -1.0% | -1.0% | -1.0% | 1 |
Countries ranked near Saint Kitts and Nevis
- 127 Saint Lucia -0.6% compare
- 128 Angola -0.7% compare
- 129 Jamaica -0.9% compare
- 131 Seychelles -1.2% compare
- 132 Luxembourg -1.3%
- 133 Timor-Leste -1.9% compare
More public sector data for Saint Kitts and Nevis
- Tax revenue 15.0% (2020)
- Capital stock, General government, Current prices, Domestic currency 2.15 (2019)
- Taxes on income, profits and capital gains 15.5% (2020)
- Capital stock, General government, Constant prices, Percent of GDP 89.02 (2019)
- Capital stock, General government, Constant prices, Purchasing power 1.04 (2019)
- Taxes on goods and services 21.0% (2020)
- Net investment in nonfinancial assets 5.1% (2020)
- Capital stock, General government, Current prices, Domestic currency 0 units per person (2019)
- Capital stock, General government, Current prices, Domestic currency 0 units per US$ of GDP (2019)
- Net lending (+) / net borrowing (-) -2.3% (2020)
Frequently asked questions
- What is net incurrence of liabilities, total in Saint Kitts and Nevis?
- Net incurrence of liabilities, total in Saint Kitts and Nevis was -1.0% in 2020, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest net incurrence of liabilities, total recorded in Saint Kitts and Nevis?
- The highest recorded value was 15.7% in 2005.
- What is the lowest net incurrence of liabilities, total recorded in Saint Kitts and Nevis?
- The lowest recorded value was -1.0% in 2020.
- How does Saint Kitts and Nevis rank for net incurrence of liabilities, total?
- Saint Kitts and Nevis ranks 130th out of 136 countries with data for 2020.
- Is net incurrence of liabilities, total rising or falling in Saint Kitts and Nevis?
- Over the last ten years it is down 150.8%. The long-run trend across the full record is volatile.
- Where does this Saint Kitts and Nevis 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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CSV · JSON — 12 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
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.