Net incurrence of liabilities, total (% of GDP) in Uruguay
Uruguay: Net incurrence of liabilities, total (% of GDP) was 3.6% in 2024. ◆ Volatile
Net incurrence of liabilities, total in Uruguay, 1972–2024
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
In 2024, net incurrence of liabilities, total in Uruguay stood at 3.6%.
Compared with earlier readings it is down 31.7% on the previous year and up 52.3% over ten years.
Over the whole period, net incurrence of liabilities, total in Uruguay peaked at 22.6% in 1987 and was at its lowest, -4.7%, in 2001.
That places Uruguay 64th 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 (% of GDP) in Uruguay, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1972 | 0.6% | — |
| 1973 | 0.4% | -41.4% |
| 1974 | 4.5% | +1166.9% |
| 1975 | 6.1% | +36.2% |
| 1976 | 4.6% | -24.4% |
| 1977 | 1.7% | -62.7% |
| 1978 | 1.7% | -3.7% |
| 1979 | 1.6% | -1.0% |
| 1980 | 2.0% | +22.1% |
| 1981 | 1.1% | -45.3% |
| 1982 | 7.5% | +587.7% |
| 1983 | 3.1% | -59.2% |
| 1984 | 10.4% | +237.0% |
| 1985 | 7.4% | -28.6% |
| 1986 | 2.9% | -61.2% |
| 1987 | 22.6% | +687.2% |
| 1988 | 9.7% | -57.0% |
| 1989 | 4.2% | -56.4% |
| 1990 | 2.0% | -52.2% |
| 1991 | 0.3% | -86.2% |
| 1992 | 1.6% | +466.6% |
| 1993 | -1.2% | -177.5% |
| 1994 | 9.0% | -834.0% |
| 1999 | 0.3% | -96.4% |
| 2001 | -4.7% | -1557.3% |
| 2002 | 19.9% | -521.7% |
| 2003 | 1.6% | -91.9% |
| 2004 | 1.2% | -23.3% |
| 2005 | 3.9% | +216.8% |
| 2006 | -1.4% | -135.1% |
| 2007 | 3.9% | -382.5% |
| 2008 | 0.2% | -95.1% |
| 2009 | 6.0% | +3033.2% |
| 2010 | -1.1% | -119.1% |
| 2011 | 3.9% | -440.4% |
| 2012 | 2.5% | -34.6% |
| 2013 | 1.2% | -51.3% |
| 2014 | 2.4% | +90.7% |
| 2015 | 4.7% | +99.6% |
| 2016 | 2.9% | -39.2% |
| 2017 | 2.3% | -18.2% |
| 2018 | 1.3% | -44.2% |
| 2019 | 1.4% | +4.1% |
| 2020 | 5.8% | +326.9% |
| 2021 | 3.8% | -35.1% |
| 2022 | 2.6% | -31.8% |
| 2023 | 5.3% | +104.5% |
| 2024 | 3.6% | -31.7% |
Uruguay compared with similar countries
- Uruguay's 3.6% is above the median for high income countries, which is 3.5%, 1.0× the median. (41 countries reporting)
- Uruguay's 3.6% is above the median for Latin America & Caribbean, which is 2.7%, 1.3× the median. (24 countries reporting)
Biggest year-on-year movements
Years where Net incurrence of liabilities, total (% of GDP) in Uruguay changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2009 | +3033.2% | 0.2% | 6.0% |
| 2001 | -1557.3% | 0.3% | -4.7% |
| 1974 | +1166.9% | 0.4% | 4.5% |
| 1994 | +834.0% | -1.2% | 9.0% |
| 1987 | +687.2% | 2.9% | 22.6% |
| 1982 | +587.7% | 1.1% | 7.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 2.6% | 0.4% | 6.1% | 8 |
| 1980s | 7.1% | 1.1% | 22.6% | 10 |
| 1990s | 2.0% | -1.2% | 9.0% | 6 |
| 2000s | 3.4% | -4.7% | 19.9% | 9 |
| 2010s | 2.1% | -1.1% | 4.7% | 10 |
| 2020s | 4.2% | 2.6% | 5.8% | 5 |
Countries ranked near Uruguay
- 61 Uganda 3.8% compare
- 62 Central African Republic 3.6% compare
- 63 Argentina 3.6% compare
- 65 Australia 3.5% compare
- 66 Saint Vincent and the Grenadines 3.4% compare
- 67 Saudi Arabia 3.2% compare
More public sector data for Uruguay
- Democracy, annual growth rate 0 % change on previous year (2025)
- Chief executive of the government is elected, annual growth rate 0 % change on previous year (2025)
- Elected parliament, annual growth rate 0 % change on previous year (2025)
- Men's universal right to vote, annual growth rate 0 % change on previous year (2025)
- Universal right to vote, annual growth rate 0 % change on previous year (2025)
- Universal right to vote in practice, annual growth rate 0 % change on previous year (2025)
- Arms imports 1.00 million SIPRI trend indicator values (2025)
- Arms imports (SIPRI trend indicator values), per capita 2.95 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 133.33 % change on previous year (2022)
Frequently asked questions
- What is net incurrence of liabilities, total in Uruguay?
- Net incurrence of liabilities, total in Uruguay was 3.6% 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 Uruguay?
- The highest recorded value was 22.6% in 1987.
- What is the lowest net incurrence of liabilities, total recorded in Uruguay?
- The lowest recorded value was -4.7% in 2001.
- How does Uruguay rank for net incurrence of liabilities, total?
- Uruguay ranks 64th out of 136 countries with data for 2024.
- Is net incurrence of liabilities, total rising or falling in Uruguay?
- Over the last ten years it is up 52.3%. The long-run trend across the full record is volatile.
- Where does this Uruguay 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.