Net incurrence of liabilities, total in Myanmar
Myanmar: Net incurrence of liabilities, total was 3.39 trillion current LCU in 2019. ◆ Volatile
Net incurrence of liabilities, total in Myanmar, 2003–2019
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
In 2019, net incurrence of liabilities, total in Myanmar stood at 3.39 trillion current LCU.
That represents a change of up 105.7% on the previous year and up 274.5% over ten years.
Over the whole period, net incurrence of liabilities, total in Myanmar peaked at 3.71 trillion current LCU in 2015 and was at its lowest, 178.50 billion current LCU, in 2004.
Myanmar ranks 14th of 136 countries on this measure, in the top 10%.
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 | 188.66 billion current LCU | 178.50 billion current LCU | 205.90 billion current LCU | 3 |
| 2010s | 1.94 trillion current LCU | 671.48 billion current LCU | 3.71 trillion current LCU | 8 |
Countries ranked near Myanmar
More public sector data for Myanmar
- Arms imports 222.00 million SIPRI trend indicator values (2024)
- Tax revenue 6.0% (2019)
- Taxes on income, profits and capital gains 13.2% (2019)
- Taxes on goods and services 24.4% (2019)
- Net investment in nonfinancial assets 4.6% (2019)
- Net lending (+) / net borrowing (-) -3.6% (2019)
- Interest payments 9.6% (2019)
- Grants and other revenue 58.4% (2019)
- Interest payments 10.2% (2019)
- Other taxes 0.4% (2019)
Frequently asked questions
- What is net incurrence of liabilities, total in Myanmar?
- Net incurrence of liabilities, total in Myanmar was 3.39 trillion current LCU in 2019, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest net incurrence of liabilities, total recorded in Myanmar?
- The highest recorded value was 3.71 trillion current LCU in 2015.
- What is the lowest net incurrence of liabilities, total recorded in Myanmar?
- The lowest recorded value was 178.50 billion current LCU in 2004.
- How does Myanmar rank for net incurrence of liabilities, total?
- Myanmar ranks 14th out of 136 countries with data for 2019.
- Is net incurrence of liabilities, total rising or falling in Myanmar?
- Over the last ten years it is up 274.5%. The long-run trend across the full record is volatile.
- Where does this Myanmar 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.