San Marino: Net lending (+) / net borrowing (-) (current LCU)

Key figures

Over five years it is up 91.97% from -36.64 million in 2019. Since 1995 it is down 100.02% from 19.4 billion in 1995. The World Bank has no value for 17 of the years in between; the chart leaves those gaps open rather than joining across them.

What the numbers say

In 2024, San Marino's net lending (+) / net borrowing (-) (current LCU) fell 25.28 million on 2023 (from 22.33 million to -2.94 million).

Across the 9 yearly changes before that (2003 to 2023), the average change was +11.34 million and a typical year strayed about 24.94 million from that (the standard deviation). This year's change was 1.5 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 46.61 million in 2022 and the biggest yearly fall was 31.29 million in 2020. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.

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

How it compares

In 2024, San Marino had the 23rd highest value of the 90 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 San Marino in the 2024 ranking

• Portugal — 19th of 90: 1.19 billion
• Luxembourg — 20th of 90: 702.4 million
• Naoero — 21st of 90: 38.74 million
• Bahamas, The — 23rd of 90: -194.07 million
• Solomon Islands — 24th of 90: -256.41 million
• Fiji — 25th of 90: -299.35 million

What this measures

Net lending (+) / net borrowing (–) equals government revenue minus expense, minus net investment in nonfinancial assets. It is also equal to the net result of transactions in financial assets and liabilities. Net lending/net borrowing is a summary measure indicating the extent to which government is either putting financial resources at the disposal of other sectors in the economy or abroad, or utilizing the financial resources generated by other sectors in the economy or from abroad. 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 13 values

Net lending (+) / net borrowing (-) (current LCU) in nearby economies

• Albania — -26.12 billion (2024)
• Armenia — -369.71 billion (2024)
• Austria — -17.68 billion (2024)
• Azerbaijan — 4.96 billion (2024)
• Belarus — 3.24 billion (2024)
• Belgium — -16.5 billion (2024)
• Bosnia and Herzegovina — -804.04 million (2024)
• Bulgaria — -2.76 billion (2024)
• Croatia — -1.14 billion (2023)
• Cyprus — 1.45 billion (2024)

More public sector data for San Marino

• Central government debt, total (current LCU) — 1.77 billion (2024)
• Grants and other revenue (current LCU) — 203.86 million (2024)
• Grants and other revenue (% of revenue) — 26.04% (2024)
• Social contributions (current LCU) — 240.73 million (2024)
• Social contributions (% of revenue) — 30.75% (2024)
• Revenue, excluding grants (current LCU) — 778.32 million (2024)
• Taxes on goods and services (current LCU) — 147.33 million (2024)
• Taxes on goods and services (% of revenue) — 18.82% (2024)
• Customs and other import duties (current LCU) — 2.33 million (2024)

Reading data like this

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Questions people ask

What is San Marino's net lending (+) / net borrowing (-) (current LCU)?

-2.94 million in 2024, according to the World Bank (World Development Indicators).

How has it changed since 1995?

It is down 100.02% from 19.4 billion in 1995. The highest value was 19.4 billion in 1995 and the lowest -67.94 million in 2020.

How does San Marino rank?

23rd highest of 90 economies with data for 2024.

Is the latest change in net lending (+) / net borrowing (-) (current LCU) unusual for San Marino?

In 2024, San Marino's net lending (+) / net borrowing (-) (current LCU) fell 25.28 million on 2023 (from 22.33 million to -2.94 million). Across the 9 yearly changes before that (2003 to 2023), the average change was +11.34 million and a typical year strayed about 24.94 million from that (the standard deviation). This year's change was 1.5 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.NLD.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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