United States - Net incurrence of liabilities

Net incurrence of liabilities, total (current LCU)

The value for Net incurrence of liabilities, total (current LCU) in United States was 4,911,240,000,000 as of 2020. As the graph below shows, over the past 48 years this indicator reached a maximum value of 4,911,240,000,000 in 2020 and a minimum value of -224,420,000,000 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.

Year Value
1972 20,650,000,000
1973 18,000,000,000
1974 2,030,000,000
1975 53,090,000,000
1976 82,790,000,000
1977 55,830,000,000
1978 61,990,000,000
1979 39,820,000,000
1980 76,610,000,000
1981 84,800,000,000
1982 138,760,000,000
1983 215,590,000,000
1984 174,080,000,000
1985 200,540,000,000
1986 233,050,000,000
1987 148,550,000,000
1988 161,420,000,000
1989 139,500,000,000
1990 219,700,000,000
1991 276,410,000,000
1992 309,700,000,000
1993 247,930,000,000
1994 186,310,000,000
1995 172,340,000,000
1996 128,410,000,000
1997 37,400,000,000
1998 -52,560,000,000
1999 -89,130,000,000
2000 -224,420,000,000
2001 67,635,500,000
2002 321,538,000,000
2003 554,551,000,000
2004 478,898,000,000
2005 453,909,000,000
2006 295,490,000,000
2007 371,304,000,000
2008 1,367,350,000,000
2009 1,538,400,000,000
2010 1,696,830,000,000
2011 1,199,530,000,000
2012 1,245,120,000,000
2013 873,036,000,000
2014 764,842,000,000
2015 755,736,000,000
2016 882,472,000,000
2017 634,666,000,000
2018 1,295,610,000,000
2019 1,191,840,000,000
2020 4,911,240,000,000

Net incurrence of liabilities, total (% of GDP)

Net incurrence of liabilities, total (% of GDP) in United States was 23.44 as of 2020. Its highest value over the past 48 years was 23.44 in 2020, while its lowest value was -2.19 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 2.26
1996 1.59
1997 0.44
1998 -0.58
1999 -0.93
2000 -2.19
2001 0.64
2002 2.94
2003 4.84
2004 3.92
2005 3.48
2006 2.14
2007 2.57
2008 9.29
2009 10.65
2010 11.32
2011 7.72
2012 7.69
2013 5.20
2014 4.36
2015 4.14
2016 4.71
2017 3.25
2018 6.29
2019 5.56
2020 23.44

Classification

Topic: Public Sector Indicators

Sub-Topic: Government finance