Of the economies in the World Bank's latest release, Singapore has the highest net acquisition of financial assets (% of GDP) (12.16% in 2024) and Kiribati the lowest (-4.34% in 2023).
What this measures
Net acquisition of government financial assets includes domestic and foreign financial claims, SDRs, and gold bullion held by monetary authorities as a reserve asset. The net acquisition of financial assets should be offset by the net incurrence of liabilities. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.
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).
Each country's latest available year is shown; countries report on different schedules, so compare years before comparing values.
Ranking
| # | Economy | Latest value | Year |
|---|---|---|---|
| 1 | Singapore | 12.16% | 2024 |
| 2 | Palau | 10.78% | 2020 |
| 3 | Micronesia, Fed. Sts. | 8.43% | 2020 |
| 4 | Macao SAR, China | 7.01% | 2024 |
| 5 | Timor-Leste | 6.15% | 2022 |
| 6 | Maldives | 5.68% | 2021 |
| 7 | Tonga | 5.31% | 2023 |
| 8 | Azerbaijan | 5.19% | 2024 |
| 9 | Marshall Islands | 4.91% | 2020 |
| 10 | Bhutan | 3.91% | 2020 |
| 11 | Canada | 3.91% | 2024 |
| 12 | Lesotho | 3.8% | 2024 |
| 13 | Argentina | 3.69% | 2024 |
| 14 | Kyrgyz Republic | 3.35% | 2024 |
| 15 | Russian Federation | 2.84% | 2024 |
| 16 | Peru | 2.76% | 2021 |
| 17 | Fiji | 2.69% | 2024 |
| 18 | Congo, Rep. | 2.68% | 2021 |
| 19 | Belarus | 2.6% | 2024 |
| 20 | Barbados | 2.54% | 2016 |
| 21 | Mongolia | 2.34% | 2024 |
| 22 | North Macedonia | 2.28% | 2024 |
| 23 | Ecuador | 2.2% | 2022 |
| 24 | Türkiye | 2.17% | 2024 |
| 25 | Rwanda | 2.16% | 2024 |
| 26 | Australia | 2.14% | 2022 |
| 27 | Samoa | 1.94% | 2023 |
| 28 | Kenya | 1.83% | 2023 |
| 29 | Burundi | 1.64% | 2021 |
| 30 | Tanzania | 1.59% | 2024 |
| 31 | Israel | 1.57% | 2024 |
| 32 | Iceland | 1.53% | 2023 |
| 33 | Brazil | 1.53% | 2024 |
| 34 | India | 1.49% | 2022 |
| 35 | Bangladesh | 1.46% | 2021 |
| 36 | Bahamas, The | 1.46% | 2024 |
| 37 | Honduras | 1.35% | 2015 |
| 38 | Mexico | 1.31% | 2024 |
| 39 | United Arab Emirates | 1.27% | 2024 |
| 40 | Thailand | 1.27% | 2024 |
| 41 | Moldova | 1.25% | 2024 |
| 42 | Lebanon | 1.23% | 2024 |
| 43 | Kazakhstan | 1.19% | 2023 |
| 44 | Colombia | 1.1% | 2024 |
| 45 | Switzerland | 1.02% | 2024 |
| 46 | Burkina Faso | 0.98% | 2024 |
| 47 | Mali | 0.89% | 2020 |
| 48 | Sri Lanka | 0.85% | 2023 |
| 49 | Cabo Verde | 0.85% | 2020 |
| 50 | Lao PDR | 0.85% | 2022 |
| 51 | South Africa | 0.84% | 2024 |
| 52 | Vanuatu | 0.84% | 2023 |
| 53 | Solomon Islands | 0.82% | 2024 |
| 54 | Afghanistan | 0.75% | 2017 |
| 55 | Albania | 0.72% | 2024 |
| 56 | Spain | 0.65% | 2024 |
| 57 | Ukraine | 0.51% | 2024 |
| 58 | Malawi | 0.51% | 2024 |
| 59 | Bosnia and Herzegovina | 0.42% | 2024 |
| 60 | El Salvador | 0.41% | 2024 |
| 61 | Uruguay | 0.39% | 2024 |
| 62 | Guatemala | 0.38% | 2024 |
| 63 | Armenia | 0.3% | 2024 |
| 64 | Ethiopia | 0.28% | 2024 |
| 65 | United States | 0.26% | 2024 |
| 66 | Korea, Rep. | 0.22% | 2024 |
| 67 | Morocco | 0.2% | 2024 |
| 68 | Uzbekistan | 0.16% | 2023 |
| 69 | St. Kitts and Nevis | 0.03% | 2020 |
| 70 | United Kingdom | 0.02% | 2024 |
| 71 | Paraguay | 0.00502% | 2024 |
| 72 | Namibia | 0.00362% | 2024 |
| 73 | Georgia | -0.06% | 2024 |
| 74 | Malaysia | -0.17% | 2024 |
| 75 | Hungary | -0.19% | 2024 |
| 76 | Central African Republic | -0.21% | 2021 |
| 77 | Dominican Republic | -0.22% | 2024 |
| 78 | Cameroon | -0.23% | 2021 |
| 79 | Mozambique | -0.24% | 2024 |
| 80 | Zambia | -0.27% | 2024 |
| 81 | Chile | -0.29% | 2024 |
| 82 | Côte d'Ivoire | -0.44% | 2023 |
| 83 | Uganda | -0.49% | 2024 |
| 84 | Cambodia | -0.54% | 2023 |
| 85 | Eswatini | -0.71% | 2021 |
| 86 | Togo | -0.77% | 2023 |
| 87 | Philippines | -0.85% | 2024 |
| 88 | Congo, Dem. Rep. | -0.88% | 2022 |
| 89 | Madagascar | -0.98% | 2024 |
| 90 | Botswana | -1.08% | 2023 |
| 91 | Papua New Guinea | -1.18% | 2024 |
| 92 | Trinidad and Tobago | -1.86% | 2018 |
| 93 | Nepal | -1.93% | 2023 |
| 94 | Angola | -2.11% | 2024 |
| 95 | Jamaica | -2.56% | 2015 |
| 96 | Mauritius | -2.87% | 2024 |
| 97 | Kiribati | -4.34% | 2023 |
Regions and income groups
| Region or group | Latest value | Year |
|---|---|---|
| Africa Eastern and Southern | 0.1% | 2024 |
| Caribbean small states | -0.53% | 2016 |
| Europe & Central Asia (excluding high income) | 2.09% | 2024 |
| Europe & Central Asia (IDA & IBRD) | 2.52% | 2024 |
| Latin America & Caribbean | 1.52% | 2024 |
| Latin America & Caribbean (excluding high income) | 1.64% | 2024 |
| Latin America & Caribbean (IDA & IBRD) | 1.52% | 2024 |
| Least developed countries: UN classification | 1.59% | 2021 |
| North America | 0.57% | 2024 |
| Pacific island small states | 0.51% | 2023 |
| South Asia | 1.47% | 2022 |
| South Asia (IDA & IBRD) | 1.47% | 2022 |
More public sector indicators
- Net acquisition of financial assets (current LCU)
- Central government debt, total (current LCU)
- Central government debt, total (% of GDP)
- Net incurrence of liabilities, total (current LCU)
- Net incurrence of liabilities, total (% of GDP)
- Net investment in nonfinancial assets (current LCU)
- Net investment in nonfinancial assets (% of GDP)
- Net lending (+) / net borrowing (-) (current LCU)
- Net lending (+) / net borrowing (-) (% of GDP)
- Grants and other revenue (current LCU)
- Grants and other revenue (% of revenue)
- Social contributions (current LCU)
Reading data like this
Source
World Bank, World Development Indicators, GC.AST.TOTL.GD.ZS, CC BY 4.0. Original source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF) View on data.worldbank.org; the full definition is in the World Bank's metadata glossary.
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