Net incurrence of liabilities, total (% of GDP) - Country Ranking

Definition: 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.

Source: International Monetary Fund, Government Finance Statistics Yearbook and data files.

See also: Thematic map, Time series comparison

Find indicator:
Rank Country Value Year
1 Angola 20.42 2017
2 Greece 19.65 1990
3 Finland 13.50 1994
4 Zimbabwe 12.27 2017
5 Kenya 11.06 2017
6 Zambia 11.02 2017
7 Ghana 10.90 2015
8 Bhutan 10.86 2017
9 Barbados 10.58 2015
10 Egypt 10.45 2012
11 Bulgaria 10.08 1994
12 Lebanon 9.40 2017
13 Singapore 9.13 2018
14 Brazil 8.42 2017
15 Italy 8.05 1991
16 Argentina 6.91 2017
17 Serbia 6.61 2012
18 Fiji 6.46 2018
19 Mongolia 6.37 2017
20 Malawi 6.25 2018
21 Burundi 6.15 1999
22 United States 6.05 2018
23 Côte d'Ivoire 5.97 2017
24 South Africa 5.97 2017
25 Austria 5.87 1994
26 Iraq 5.74 2016
27 Niger 5.64 1980
28 Sri Lanka 5.58 2018
29 Cameroon 5.42 2017
30 Portugal 5.37 1994
31 Ireland 5.34 2018
32 Namibia 5.16 2018
33 Rwanda 5.12 2017
34 Saudi Arabia 4.91 2017
35 Ethiopia 4.68 2018
36 Jordan 4.56 2017
37 Spain 4.47 2017
38 Papua New Guinea 4.25 2018
39 France 4.22 1994
40 Burkina Faso 4.21 2018
41 Palau 4.03 2018
42 San Marino 3.81 2007
43 Malaysia 3.74 2018
44 Bangladesh 3.68 2016
45 Morocco 3.68 2018
46 Uganda 3.67 2018
47 The Bahamas 3.63 2018
48 St. Vincent and the Grenadines 3.62 2009
49 Colombia 3.57 2017
50 Armenia 3.48 2018
51 Nepal 3.45 2017
52 Norway 3.44 2018
53 North Macedonia 3.32 2018
54 Albania 3.22 2018
55 Hungary 3.19 2017
56 Indonesia 3.16 2017
57 Japan 3.12 2017
58 Senegal 3.11 2015
59 Dominican Republic 3.03 2018
60 Turkey 2.97 2018
61 United Kingdom 2.94 2017
62 Israel 2.93 2018
63 Philippines 2.90 2018
64 Seychelles 2.85 2016
65 Tunisia 2.72 2012
66 India 2.69 2017
67 Mexico 2.64 2018
68 Georgia 2.52 2018
69 Romania 2.51 1994
70 Thailand 2.44 2018
71 Honduras 2.33 2015
72 Botswana 2.32 2018
73 Croatia 2.30 2001
74 Guinea-Bissau 2.29 2017
75 Germany 2.27 1990
76 Belize 2.18 2011
77 Belarus 2.04 2017
78 St. Kitts and Nevis 2.03 2010
79 New Zealand 1.98 2008
80 Cyprus 1.96 1994
81 Cambodia 1.89 2018
82 China 1.82 2016
83 Lesotho 1.75 2017
84 Chile 1.72 2018
85 Madagascar 1.70 2018
86 Tanzania 1.59 2018
87 Guatemala 1.58 2016
88 Tonga 1.56 2017
89 Australia 1.55 2018
90 Ukraine 1.50 2018
91 Korea 1.45 2017
92 Uruguay 1.43 2018
93 Myanmar 1.42 2017
94 Timor-Leste 1.29 2017
95 Iran 1.20 2006
96 Kyrgyz Republic 1.19 2018
97 Mali 1.14 2017
98 Kazakhstan 1.12 2018
99 Benin 1.09 1979
100 Paraguay 1.04 2017
101 Russia 0.97 2018
102 Equatorial Guinea 0.93 2014
103 Togo 0.89 2018
104 Trinidad and Tobago 0.59 2015
105 Samoa 0.59 2018
106 Moldova 0.56 2018
107 Afghanistan 0.37 2017
108 Gabon 0.36 2018
109 The Gambia 0.23 2009
110 Solomon Islands 0.18 2018
111 Czech Republic 0.15 1994
112 United Arab Emirates 0.02 2018
113 Mozambique 0.01 2018
114 Tajikistan -0.06 2001
115 Liberia -0.11 2008
116 Slovenia -0.11 1994
117 Netherlands -0.13 1994
118 Uzbekistan -0.26 2018
119 Bolivia -0.31 2007
120 Bosnia and Herzegovina -0.44 2018
121 St. Lucia -0.62 2010
122 El Salvador -0.81 2017
123 Kiribati -0.84 2017
124 Mauritius -0.84 2018
125 Jamaica -0.93 2013
126 Luxembourg -1.23 1994
127 Iceland -1.28 2018
128 Azerbaijan -1.64 2017
129 Peru -1.72 2017
130 Malta -1.86 2017
131 Bahrain -2.01 2004
132 Central African Republic -2.94 2016
133 Vanuatu -3.06 2018
134 Nauru -3.50 2017
135 Congo -4.78 2016

More rankings: Africa | Asia | Central America & the Caribbean | Europe | Middle East | North America | Oceania | South America | World |

Limitations and Exceptions: For most countries central government finance data have been consolidated into one account, but for others only budgetary central government accounts are available. Countries reporting budgetary data are noted in the country metadata. Because budgetary accounts may not include all central government units (such as social security funds), they usually provide an incomplete picture. In federal states the central government accounts provide an incomplete view of total public finance. Data on government revenue and expense are collected by the IMF through questionnaires to member countries and by the Organisation for Economic Co-operation and Development (OECD). Despite IMF efforts to standardize data collection, statistics are often incomplete, untimely, and not comparable across countries.

Statistical Concept and Methodology: The IMF's Government Finance Statistics Manual 2014, harmonized with the 2008 SNA, recommends an accrual accounting method, focusing on all economic events affecting assets, liabilities, revenues, and expenses, not just those represented by cash transactions. It accounts for all changes in stocks, so stock data at the end of an accounting period equal stock data at the beginning of the period plus flows over the period. The 1986 manual considered only debt stocks. Government finance statistics are reported in local currency. Many countries report government finance data by fiscal year; see country metadata for information on fiscal year end by country.

Aggregation method: Weighted average

Periodicity: Annual