Ukraine's net incurrence of liabilities, total (current LCU) was 1.4 trillion in 2024, the latest year in the World Bank's World Development Indicators. That is up 590.02% from 202.8 billion in 2014 (21.31% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | 1.4 trillion | 2024 |
| Five years earlier | 71.23 billion | 2019 |
| Ten years earlier | 202.8 billion | 2014 |
| Highest | 1.4 trillion | 2024 |
| Lowest | -1.32 million | 2002 |
| Average since 2015 | 441.05 billion | 2015–2024 |
| First recorded | 2.64 billion |
What the numbers say
In 2024, Ukraine's net incurrence of liabilities, total (current LCU) rose 172.8 billion on 2023 (from 1.23 trillion to 1.4 trillion).
Across the 24 yearly changes before that (2000 to 2023), the average change was +51 billion and a typical year strayed about 161.11 billion from that (the standard deviation). This year's change was 0.8 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 640.09 billion in 2022 and the biggest yearly fall was 93.81 billion in 2015. 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 the straight-line trend is upward, about 139.55 billion a year. A straight line explains 68% of the movement over 10 observed 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, Ukraine had the 15th 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 Ukraine in the 2024 ranking
- Türkiye — 11th of 55: 2.38 trillion
- Malawi — 12th of 55: 2.31 trillion
- United States — 13th of 55: 2.07 trillion
- Rwanda — 15th of 55: 1.32 trillion
- Philippines — 16th of 55: 1.28 trillion
- Lebanon — 17th of 55: 1.13 trillion
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 26 values
| Year | Net incurrence of liabilities, total (current LCU) |
|---|---|
| 2024 | 1,399,368,800,000 |
| 2023 | 1,226,565,200,000 |
| 2022 | 819,485,500,000 |
| 2021 | 179,392,200,000 |
| 2020 | 253,953,200,000 |
| 2019 | 71,228,700,000 |
| 2018 | 53,220,800,000 |
| 2017 | 127,670,500,000 |
| 2016 | 170,658,900,000 |
| 2015 | 108,993,700,000 |
Net incurrence of liabilities, total (current LCU) in nearby economies
- Albania — 48.87 billion (2024)
- Armenia — 399.87 billion (2024)
- Azerbaijan — 1.61 billion (2024)
- Belarus — 3.4 billion (2024)
- Bosnia and Herzegovina — 1.51 billion (2024)
- Georgia — 1.93 billion (2024)
- Hungary — 3.5 trillion (2024)
- Iceland — 113.95 billion (2023)
- Kazakhstan — 2.84 trillion (2023)
- Kyrgyz Republic
More public sector data for Ukraine
- Arms exports (SIPRI trend indicator values) — 120 million (2025)
- Military expenditure (current USD) — 84.11 billion (2025)
- Military expenditure (current LCU) — 3.51 trillion (2025)
- Military expenditure (% of GDP) — 39.56% (2025)
- Military expenditure (% of general government expenditure) — 62.9% (2025)
- Armed forces personnel, total — 298,000 (2020)
- Armed forces personnel (% of total labor force) — 1.43% (2020)
- Intentional homicides (per 100,000 people) — 3.78 (2021)
- Net acquisition of financial assets (current LCU) — 39.09 billion (2024)
- Net acquisition of financial assets (% of GDP)
Reading data like this
Questions people ask
- What is Ukraine's net incurrence of liabilities, total (current LCU)?
- 1.4 trillion in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 1999?
- It is up 52,826% from 2.64 billion in 1999 (28.51% a year on average, compounded). The highest value was 1.4 trillion in 2024 and the lowest -1.32 million in 2002.
- How does Ukraine rank?
- 15th highest of 55 economies with data for 2024.
- Is the latest change in net incurrence of liabilities, total (current LCU) unusual for Ukraine?
- In 2024, Ukraine's net incurrence of liabilities, total (current LCU) rose 172.8 billion on 2023 (from 1.23 trillion to 1.4 trillion). Across the 24 yearly changes before that (2000 to 2023), the average change was +51 billion and a typical year strayed about 161.11 billion from that (the standard deviation). This year's change was 0.8 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
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.
Want to ask your own questions of data like this? Try AnalyzeIt: upload a file or ask about public data in plain words, and every figure comes with its working.
Legal entity
Devansh Yadav
Moradabad, Uttar Pradesh
Governing law: Courts at Moradabad, Uttar Pradesh
Phone: +91 8433475698
Legal: legal@analyzeit.in