Net incurrence of liabilities, total in Congo
Congo: Net incurrence of liabilities, total was 119.50 billion current LCU in 2021. ◆ Volatile
Net incurrence of liabilities, total in Congo, 2004–2021
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
Congo recorded 119.50 billion current LCU for net incurrence of liabilities, total in 2021.
Compared with earlier readings it is down 51.6% on the previous year and up 2,027.4% over ten years.
Over the whole period, net incurrence of liabilities, total in Congo peaked at 787.20 billion current LCU in 2015 and was at its lowest, -1.43 trillion current LCU, in 2010.
Congo ranks 54th of 136 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -217.71 billion current LCU | -746.67 billion current LCU | 203.97 billion current LCU | 6 |
| 2010s | 77.89 billion current LCU | -1.43 trillion current LCU | 787.20 billion current LCU | 10 |
| 2020s | 183.31 billion current LCU | 119.50 billion current LCU | 247.13 billion current LCU | 2 |
Countries ranked near Congo
- 51 Canada 156.98 billion current LCU compare
- 52 Saudi Arabia 152.47 billion current LCU compare
- 53 Guinea-Bissau 126.91 billion current LCU compare
- 55 Uruguay 118.68 billion current LCU compare
- 56 Iceland 113.95 billion current LCU compare
- 57 Equatorial Guinea 99.50 billion current LCU compare
More public sector data for Congo
- Arms imports 3.00 million SIPRI trend indicator values (2021)
- Tax revenue 6.5% (2021)
- Taxes on income, profits and capital gains 8.6% (2021)
- Taxes on goods and services 13.8% (2021)
- Net investment in nonfinancial assets 3.1% (2021)
- Net lending (+) / net borrowing (-) 1.3% (2021)
- Interest payments 9.0% (2021)
- Grants and other revenue 68.3% (2021)
- Interest payments 11.5% (2021)
- Other taxes 2.7% (2021)
Frequently asked questions
- What is net incurrence of liabilities, total in Congo?
- Net incurrence of liabilities, total in Congo was 119.50 billion current LCU in 2021, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest net incurrence of liabilities, total recorded in Congo?
- The highest recorded value was 787.20 billion current LCU in 2015.
- What is the lowest net incurrence of liabilities, total recorded in Congo?
- The lowest recorded value was -1.43 trillion current LCU in 2010.
- How does Congo rank for net incurrence of liabilities, total?
- Congo ranks 54th out of 136 countries with data for 2021.
- Is net incurrence of liabilities, total rising or falling in Congo?
- Over the last ten years it is up 2,027.4%. The long-run trend across the full record is volatile.
- Where does this Congo data come from?
- The figures come from Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Net incurrence of liabilities, total (current LCU). Statizoid updates them automatically from the source API.
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About this data
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. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.