Net incurrence of liabilities, total (% of GDP) in Zambia
Zambia: Net incurrence of liabilities, total (% of GDP) was 0.8% in 2024. ◆ Volatile
Net incurrence of liabilities, total in Zambia, 1990–2024
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 Zambia stood at 0.8%. That is the lowest value across all 20 years on record.
Compared with earlier readings it is down 81.4% on the previous year and down 88.1% over ten years.
Over the whole period, net incurrence of liabilities, total in Zambia peaked at 39.5% in 1991 and was at its lowest, 0.8%, in 2024.
That places Zambia 109th out of 136 countries with data for 2024, putting it 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 (% of GDP) in Zambia, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1990 | 7.9% | — |
| 1991 | 39.5% | +402.6% |
| 1992 | 6.1% | -84.6% |
| 1993 | 6.8% | +12.4% |
| 1994 | 28.7% | +319.4% |
| 2010 | 2.8% | -90.3% |
| 2011 | 3.8% | +35.3% |
| 2012 | 10.8% | +188.3% |
| 2013 | 3.7% | -65.4% |
| 2014 | 6.7% | +78.9% |
| 2015 | 11.6% | +73.6% |
| 2016 | 4.5% | -61.3% |
| 2017 | 11.0% | +144.6% |
| 2018 | 6.3% | -43.2% |
| 2019 | 7.2% | +15.6% |
| 2020 | 12.6% | +74.3% |
| 2021 | 5.3% | -57.7% |
| 2022 | 6.3% | +18.7% |
| 2023 | 4.3% | -32.6% |
| 2024 | 0.8% | -81.4% |
Zambia compared with similar countries
- Zambia's 0.8% is below the median for lower middle income countries, which is 2.9%, 27% of the median. (34 countries reporting)
- Zambia's 0.8% is below the median for Sub-Saharan Africa, which is 3.9%, 20% of the median. (33 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 17.8% | 6.1% | 39.5% | 5 |
| 2010s | 6.9% | 2.8% | 11.6% | 10 |
| 2020s | 5.9% | 0.8% | 12.6% | 5 |
Countries ranked near Zambia
- 106 Democratic Republic of Congo 1.0% compare
- 107 Equatorial Guinea 0.9% compare
- 108 Gabon 0.9% compare
- 110 Lesotho 0.7% compare
- 111 United Arab Emirates 0.6% compare
- 112 Laos 0.6% compare
More public sector data for Zambia
- 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 (2024)
- Arms imports (SIPRI trend indicator values), per capita 0.0469 SIPRI trend indicator values per person (2024)
- Arms imports (SIPRI trend indicator values), per unit of GDP 0 SIPRI trend indicator values per US$ of GDP (2024)
- Arms imports (SIPRI trend indicator values), annual growth rate -80 % change on previous year (2024)
Frequently asked questions
- What is net incurrence of liabilities, total in Zambia?
- Net incurrence of liabilities, total in Zambia was 0.8% 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 Zambia?
- The highest recorded value was 39.5% in 1991.
- What is the lowest net incurrence of liabilities, total recorded in Zambia?
- The lowest recorded value was 0.8% in 2024.
- How does Zambia rank for net incurrence of liabilities, total?
- Zambia ranks 109th out of 136 countries with data for 2024.
- Is net incurrence of liabilities, total rising or falling in Zambia?
- Over the last ten years it is down 88.1%. The long-run trend across the full record is volatile.
- Where does this Zambia 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.