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

Key figures

What the numbers say

In 2023, Uzbekistan's net incurrence of liabilities, total (current LCU) rose 49.88 trillion on 2022 (from 3.59 trillion to 53.47 trillion).

Across the 11 yearly changes before that (2012 to 2022), the average change was +342.81 billion and a typical year strayed about 3.75 trillion from that (the standard deviation). This year's change was 13.2 standard deviations above that average, so it was unusually large compared with the rest of the record.

On record, the biggest yearly rise was 49.88 trillion in 2023 and the biggest yearly fall was 6.38 trillion in 2021. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.

From 2014 to 2023 there is no clear straight-line trend: a straight line explains 25% 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 2023, Uzbekistan had the 2nd highest value of the 16 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 Uzbekistan in the 2023 ranking

• Cambodia — 2nd of 16: 4.85 trillion
• Kazakhstan — 3rd of 16: 2.84 trillion
• Sri Lanka — 4th of 16: 2.77 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 13 values

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 Uzbekistan

• Armed forces personnel, total — 68,000 (2020)
• Armed forces personnel (% of total labor force) — 0.52% (2020)
• Intentional homicides (per 100,000 people) — 1.4 (2021)
• CPIA business regulatory environment rating (1=low to 6=high) — 3.5 (2025)
• CPIA debt policy rating (1=low to 6=high) — 4.5 (2025)
• CPIA economic management cluster average (1=low to 6=high) — 4.17 (2025)
• CPIA policy and institutions for environmental sustainability rating (1=low to 6=high) — 3.5 (2025)
• CPIA quality of budgetary and financial management rating (1=low to 6=high) — 4 (2025)
• CPIA financial sector rating (1=low to 6=high)

Reading data like this

• Where to find free public data, and how to check it before you trust it — 2 min read
• Data analysis examples: 6 worked from one dataset — 3 min read
• Real change or random noise? A plain guide to reading your numbers — 2 min read

Questions people ask

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

53.47 trillion in 2023, according to the World Bank (World Development Indicators).

How has it changed since 2011?

It is up 30,330% from -176.88 billion in 2011. The highest value was 53.47 trillion in 2023 and the lowest -6.37 trillion in 2021.

How does Uzbekistan rank?

2nd highest of 16 economies with data for 2023.

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

In 2023, Uzbekistan's net incurrence of liabilities, total (current LCU) rose 49.88 trillion on 2022 (from 3.59 trillion to 53.47 trillion). Across the 11 yearly changes before that (2012 to 2022), the average change was +342.81 billion and a typical year strayed about 3.75 trillion from that (the standard deviation). This year's change was 13.2 standard deviations above that average, so it was unusually large compared with the rest of the record.

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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