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 Greece 19.65 1990
2 Finland 13.49 1994
3 São Tomé and Principe 13.39 2012
4 Ethiopia 12.11 2011
5 Togo 11.08 2016
6 Bahrain 10.57 2013
7 Singapore 10.53 2016
8 Egypt 10.45 2012
9 Kenya 9.57 2015
10 Barbados 9.50 2013
11 Lebanon 9.11 2016
12 Brazil 9.06 2015
13 Malawi 8.32 2016
14 Argentina 8.17 2016
15 Italy 8.08 1991
16 Angola 7.53 2015
17 Malta 7.32 1994
18 Mauritius 7.21 2016
19 Mozambique 7.19 2013
20 Ukraine 7.17 2016
21 Congo 7.09 2012
22 Serbia 7.02 2012
23 Morocco 6.59 2011
24 Ghana 6.58 2010
25 Macedonia 6.40 2012
26 Senegal 6.40 2016
27 St. Vincent and the Grenadines 6.33 2014
28 Lesotho 6.31 2013
29 Armenia 6.28 2015
30 Papua New Guinea 6.23 2016
31 Mongolia 6.18 2013
32 The Bahamas 6.05 2015
33 Austria 5.87 1994
34 Iraq 5.86 2016
35 Burundi 5.74 2013
36 Palau 5.54 2016
37 St. Kitts and Nevis 5.43 2014
38 Portugal 5.37 1994
39 Sri Lanka 5.34 2016
40 Rwanda 5.29 2016
41 Kyrgyz Republic 5.09 2016
42 Uruguay 5.09 2015
43 Uganda 4.96 2016
44 Burkina Faso 4.94 2016
45 Syrian Arab Republic 4.92 2007
46 South Africa 4.92 2015
47 Tanzania 4.87 2014
48 United States 4.79 2016
49 India 4.68 2013
50 Equatorial Guinea 4.37 2009
51 Spain 4.32 2015
52 Grenada 4.32 2014
53 Lao PDR 4.26 2015
54 France 4.20 1994
55 United Kingdom 3.98 2015
56 Côte d'Ivoire 3.93 2014
57 Paraguay 3.88 2014
58 Sierra Leone 3.82 2014
59 San Marino 3.81 2007
60 Belize 3.81 2014
61 Bangladesh 3.71 2015
62 Namibia 3.68 2014
63 Japan 3.62 2015
64 Benin 3.56 2013
65 Australia 3.55 2016
66 Mexico 3.52 2016
67 Malaysia 3.43 2015
68 Algeria 3.39 2011
69 Chile 3.38 2016
70 Madagascar 3.32 2014
71 Dominican Republic 3.27 2016
72 Moldova 3.26 2016
73 Indonesia 3.25 2016
74 Croatia 3.15 2014
75 Georgia 3.13 2016
76 Korea 3.04 2015
77 Albania 2.94 2016
78 Mali 2.88 2016
79 Seychelles 2.85 2016
80 Tunisia 2.72 2012
81 Suriname 2.70 2012
82 Nepal 2.53 2016
83 Romania 2.51 1994
84 Honduras 2.34 2015
85 Cambodia 2.33 2016
86 Poland 2.29 1994
87 Germany 2.28 1990
88 Bosnia and Herzegovina 2.17 2016
89 Cabo Verde 2.12 2008
90 Trinidad and Tobago 2.08 2014
91 Swaziland 2.07 2012
92 Guatemala 2.06 2013
93 Dominica 2.05 2014
94 New Zealand 1.98 2008
95 Thailand 1.97 2016
96 Cyprus 1.96 1994
97 Vietnam 1.87 2002
98 Hungary 1.83 2015
99 Israel 1.64 1999
100 Vanuatu 1.55 2011
101 China 1.54 2013
102 Nigeria 1.42 2013
103 Russia 1.36 2016
104 Peru 1.25 2015
105 Fiji 1.21 2013
106 Zambia 1.13 2011
107 Turkey 1.06 2015
108 Kazakhstan 0.94 2016
109 United Arab Emirates 0.84 2016
110 Botswana 0.69 2014
111 Philippines 0.68 2016
112 Dem. Rep. Congo 0.52 2010
113 Luxembourg 0.45 2015
114 Czech Republic 0.44 2015
115 Afghanistan 0.44 2015
116 Oman 0.42 2013
117 The Gambia 0.38 2009
118 St. Lucia 0.29 2014
119 Norway 0.27 1994
120 Uzbekistan 0.15 2015
121 Macao SAR, China 0.00 2016
121 Iran 0.00 2009
121 Liberia 0.00 2010
121 Timor-Leste 0.00 2015
125 Belarus -0.03 2016
126 Samoa -0.04 2016
127 Bulgaria -0.05 2015
128 Bhutan -0.22 2016
129 Bolivia -0.31 2007
130 Iceland -0.57 2013
131 Solomon Islands -0.59 2016
132 Kiribati -0.66 2016
133 Netherlands -0.73 2015
134 Ireland -0.85 2015
135 Jamaica -0.93 2013
136 El Salvador -0.95 2015
137 Azerbaijan -0.98 2015
138 Colombia -1.03 2015
139 Antigua and Barbuda -1.26 2014

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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