Net incurrence of liabilities, total in Uruguay
Uruguay: Net incurrence of liabilities, total 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 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% |
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
- Arms imports 10.00 million SIPRI trend indicator values (2024)
- 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)
- Arms imports (SIPRI trend indicator values), gaps filled 10.00 million SIPRI trend indicator values (2024)
- Military expenditure (current USD), per capita 512.83 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 14.91 % change on previous year (2024)
- Military expenditure (current USD), gaps filled 1.74 billion current USD (2024)
- Arms imports (SIPRI trend indicator values), per square kilometre 40 SIPRI trend indicator values per square kilometre (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.