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Nauru is the top country by general government net lending/borrowing (% of GDP) in the world. As of 2018, general government net lending/borrowing (% of GDP) in Nauru was 24.1 %. The top 5 countries also includes Micronesia (Federated States of), Macau, Kuwait, and Saint Kitts and Nevis.The description is composed by our digital data assistant.
Net lending (+)/ borrowing (?) is calculated as revenue minus total expenditure. This is a core GFS balance that measures the extent to which general government is either putting financial resources at the disposal of other sectors in the economy and nonresidents (net lending), or utilizing the financial resources generated by other sectors and nonresidents (net borrowing). This balance may be viewed as an indicator of the financial impact of general government activity on the rest of the economy and nonresidents (GFSM 2001, paragraph 4.17). Note: Net lending (+)/borrowing (?) is also equal to net acquisition of financial assets minus net incurrence of liabilities.