Myanmar: Net incurrence of liabilities, total (current LCU)

Key figures

Over five years it is up 405.35% from 671.48 billion in 2014 (38.27% a year on average, compounded). Since 2003 it is up 1,548% from 205.9 billion in 2003 (19.14% a year on average, compounded). The World Bank has no value for 6 of the years in between; the chart leaves those gaps open rather than joining across them.

What the numbers say

In 2019, Myanmar's net incurrence of liabilities, total (current LCU) rose 105.7% on 2018 (from 1.65 trillion to 3.39 trillion).

Across the 8 yearly changes before that (2004 to 2018), the average change was +49.2% and a typical year strayed about 167.2% from that (the standard deviation). This year's change was 0.3 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.

On record, the biggest yearly rise was 452% in 2015 and the biggest yearly fall was 53.6% in 2014. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.

From 2012 to 2019 there is no clear straight-line trend: a straight line explains 24% of the movement over 8 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.

Closest to Myanmar in the 2019 ranking

• Trinidad and Tobago — 2nd of 2: 7.52 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 11 values

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

• Australia — 81 billion (2022)
• Cambodia — 4.85 trillion (2023)
• Fiji — 663.44 million (2024)
• Kiribati — -12.76 million (2023)
• Korea, Rep. — 51.22 trillion (2024)
• Lao PDR — 1.27 trillion (2022)
• Malaysia — 76.85 billion (2024)
• Marshall Islands — -241,000 (2020)
• Micronesia, Fed. Sts. — 5.59 million (2020)
• Mongolia

More public sector data for Myanmar

• Military expenditure (current USD) — 5.01 billion (2024)
• Military expenditure (current LCU) — 10.63 trillion (2024)
• Arms imports (SIPRI trend indicator values) — 70 million (2025)
• Military expenditure (% of GDP) — 6.6% (2024)
• Grants and other revenue (current LCU) — 9.71 trillion (2019)
• Grants and other revenue (% of revenue) — 58.43% (2019)
• Revenue, excluding grants (current LCU) — 16.21 trillion (2019)
• Revenue, excluding grants (% of GDP) — 14.39% (2019)
• Taxes on goods and services (current LCU) — 4.06 trillion (2019)
• Taxes on goods and services (% of revenue)

Reading data like this

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Questions people ask

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

3.39 trillion in 2019, according to the World Bank (World Development Indicators).

How has it changed since 2003?

It is up 1,548% from 205.9 billion in 2003 (19.14% a year on average, compounded). The highest value was 3.71 trillion in 2015 and the lowest 178.5 billion in 2004.

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

In 2019, Myanmar's net incurrence of liabilities, total (current LCU) rose 105.7% on 2018 (from 1.65 trillion to 3.39 trillion). Across the 8 yearly changes before that (2004 to 2018), the average change was +49.2% and a typical year strayed about 167.2% from that (the standard deviation). This year's change was 0.3 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.

Where does this data come from?

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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