Net incurrence of liabilities, total in Marshall Islands
Marshall Islands: Net incurrence of liabilities, total was -241,000 current LCU in 2020. ◆ Volatile
Net incurrence of liabilities, total in Marshall Islands, 2008–2020
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
Marshall Islands recorded -241,000 current LCU for net incurrence of liabilities, total in 2020.
Compared with earlier readings it is down 103.8% on the previous year and down 138.8% over ten years.
Over the whole period, net incurrence of liabilities, total in Marshall Islands peaked at 6.35 million current LCU in 2019 and was at its lowest, -14.86 million current LCU, in 2011.
Marshall Islands ranks 123rd of 136 countries on this measure, in the bottom quarter.
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 | 2.06 million current LCU | 1.74 million current LCU | 2.39 million current LCU | 2 |
| 2010s | -2.53 million current LCU | -14.86 million current LCU | 6.35 million current LCU | 10 |
| 2020s | -241,000 current LCU | -241,000 current LCU | -241,000 current LCU | 1 |
Countries ranked near Marshall Islands
More public sector data for Marshall Islands
- Tax revenue 17.2% (2020)
- Taxes on income, profits and capital gains 9.7% (2020)
- Taxes on goods and services 8.4% (2020)
- Net investment in nonfinancial assets 8.8% (2020)
- Net lending (+) / net borrowing (-) 5.0% (2020)
- Interest payments 0.4% (2020)
- Grants and other revenue 75.8% (2020)
- Interest payments 0.5% (2020)
- Other taxes 0.8% (2020)
- Compensation of employees 35.3% (2020)
Frequently asked questions
- What is net incurrence of liabilities, total in Marshall Islands?
- Net incurrence of liabilities, total in Marshall Islands was -241,000 current LCU in 2020, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest net incurrence of liabilities, total recorded in Marshall Islands?
- The highest recorded value was 6.35 million current LCU in 2019.
- What is the lowest net incurrence of liabilities, total recorded in Marshall Islands?
- The lowest recorded value was -14.86 million current LCU in 2011.
- How does Marshall Islands rank for net incurrence of liabilities, total?
- Marshall Islands ranks 123rd out of 136 countries with data for 2020.
- Is net incurrence of liabilities, total rising or falling in Marshall Islands?
- Over the last ten years it is down 138.8%. The long-run trend across the full record is volatile.
- Where does this Marshall Islands 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.