North America - Net incurrence of liabilities
Net incurrence of liabilities, total (% of GDP)
Net incurrence of liabilities, total (% of GDP) in North America was 23.44 as of 2020. Its highest value over the past 48 years was 23.44 in 2020, while its lowest value was -2.12 in 2000.
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:
| Year | Value |
|---|---|
| 1972 | 1.61 |
| 1973 | 1.26 |
| 1974 | 0.13 |
| 1975 | 3.15 |
| 1976 | 4.42 |
| 1977 | 2.68 |
| 1978 | 2.64 |
| 1979 | 1.52 |
| 1980 | 2.68 |
| 1981 | 2.64 |
| 1982 | 4.15 |
| 1983 | 5.93 |
| 1984 | 4.31 |
| 1985 | 4.62 |
| 1986 | 5.09 |
| 1987 | 3.06 |
| 1988 | 3.08 |
| 1989 | 2.47 |
| 1990 | 3.68 |
| 1991 | 4.49 |
| 1992 | 4.75 |
| 1993 | 3.61 |
| 1994 | 2.56 |
| 1995 | 2.43 |
| 1996 | 1.69 |
| 1997 | 0.42 |
| 1998 | -0.52 |
| 1999 | -0.74 |
| 2000 | -2.12 |
| 2001 | 0.72 |
| 2002 | 2.62 |
| 2003 | 4.45 |
| 2004 | 3.47 |
| 2005 | 3.33 |
| 2006 | 1.91 |
| 2007 | 2.25 |
| 2008 | 8.98 |
| 2009 | 10.18 |
| 2010 | 10.61 |
| 2011 | 7.27 |
| 2012 | 7.29 |
| 2013 | 4.86 |
| 2014 | 3.95 |
| 2015 | 4.08 |
| 2016 | 4.25 |
| 2017 | 3.07 |
| 2018 | 5.73 |
| 2019 | 5.19 |
| 2020 | 23.44 |
Classification
Topic: Public Sector Indicators
Sub-Topic: Government finance
