Pacific island small states - Net incurrence of liabilities
Net incurrence of liabilities, total (% of GDP)
Net incurrence of liabilities, total (% of GDP) in Pacific island small states was 2.78 as of 2019. Its highest value over the past 8 years was 2.92 in 2018, while its lowest value was -1.26 in 2011.
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 |
|---|---|
| 2011 | -1.26 |
| 2012 | -0.03 |
| 2013 | -0.94 |
| 2014 | 1.38 |
| 2015 | 1.58 |
| 2016 | 1.97 |
| 2017 | 2.49 |
| 2018 | 2.92 |
| 2019 | 2.78 |
Classification
Topic: Public Sector Indicators
Sub-Topic: Government finance
