Bahamas, The: Net incurrence of liabilities, total (current LCU)

Key figures

What the numbers say

In 2024, Bahamas, The's net incurrence of liabilities, total (current LCU) fell 86.3% on 2023 (from 451.94 million to 61.81 million).

Across the 30 yearly changes before that (1994 to 2023), the average change was +35.8% and a typical year strayed about 108.4% from that (the standard deviation). This year's change was 1.1 standard deviations below that average, so it was larger than a typical year, though not out of the range seen before.

On record, the biggest yearly rise was 443.8% in 1996 and the biggest yearly fall was 86.3% in 2024. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.

From 2015 to 2024 there is no clear straight-line trend: a straight line explains less than 1% of the movement over 10 observed years, so the value is moving around more than it is heading anywhere.

Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.

How it compares

In 2024, Bahamas, The had the 55th highest value of the 55 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.

Closest to Bahamas, The in the 2024 ranking

• El Salvador — 51st of 55: 859.6 million
• Solomon Islands — 52nd of 55: 664.39 million
• Fiji — 53rd of 55: 663.44 million
• Angola — 55th of 55: -778.29 billion

What this measures

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.

Limitations: For most countries central government finance data have been consolidated into one account, but for others only budgetary central government accounts are available. Countries reporting budgetary data are noted in the country metadata. Because budgetary accounts may not include all central government units (such as social security funds), they usually provide an incomplete picture. In federal states the central government accounts provide an incomplete view of total public finance. Data on government revenue and expense are collected by the IMF through questionnaires to member countries and by the Organisation for Economic Co-operation and Development (OECD).

All 35 values

Net incurrence of liabilities, total (current LCU) in nearby economies

• Argentina — 21.12 trillion (2024)
• Barbados — 464.42 million (2016)
• Brazil — 865.42 billion (2024)
• Chile — 7.77 trillion (2024)
• Colombia — 99.03 trillion (2024)
• Dominican Republic — 208.08 billion (2024)
• Ecuador — 2.95 billion (2022)
• El Salvador — 859.6 million (2024)
• Guatemala — 10.91 billion (2024)
• Honduras

More public sector data for Bahamas, The

• Net acquisition of financial assets (current LCU) — 230.38 million (2024)
• Net acquisition of financial assets (% of GDP) — 1.46% (2024)
• Net incurrence of liabilities, total (% of GDP) — 0.39% (2024)
• Net investment in nonfinancial assets (current LCU) — 250.32 million (2024)
• Net investment in nonfinancial assets (% of GDP) — 1.58% (2024)
• Net lending (+) / net borrowing (-) (current LCU) — -194.07 million (2024)
• Net lending (+) / net borrowing (-) (% of GDP) — -1.23% (2024)
• Grants and other revenue (current LCU) — 332.99 million (2024)
• Grants and other revenue (% of revenue)

Reading data like this

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Questions people ask

What is Bahamas, The's net incurrence of liabilities, total (current LCU)?

61.81 million in 2024, according to the World Bank (World Development Indicators).

How has it changed since 1990?

It is down 36.21% from 96.9 million in 1990 (1.31% a year on average, compounded). The highest value was 1.72 billion in 2021 and the lowest 14.6 million in 1995.

How does Bahamas, The rank?

55th highest of 55 economies with data for 2024.

Is the latest change in net incurrence of liabilities, total (current LCU) unusual for Bahamas, The?

In 2024, Bahamas, The's net incurrence of liabilities, total (current LCU) fell 86.3% on 2023 (from 451.94 million to 61.81 million). Across the 30 yearly changes before that (1994 to 2023), the average change was +35.8% and a typical year strayed about 108.4% from that (the standard deviation). This year's change was 1.1 standard deviations below that average, so it was larger than a typical year, though not out of the range seen before.

Source

World Bank, World Development Indicators, indicator GC.LBL.TOTL.CN, licensed CC BY 4.0. Original source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.

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