Australia vs Iceland: Net acquisition of financial assets
Net acquisition of financial assets over time
- Australia
- Iceland
How they compare
Iceland currently reports 66.86 billion current LCU against 50.08 billion current LCU in Australia, a difference of 16.77 billion current LCU.
That makes Iceland's figure about 1.3 times Australia's.
The two have swapped places 12 times across 29 shared years of data; in 1990 it was Iceland ahead.
Australia ranks 37th and Iceland ranks 34th of 134 countries.
Across the 4 decades both report, Australia averaged higher in 2 and Iceland in 2.
Head to head by decade
| Decade | Australia | Iceland | Difference | Ahead |
|---|---|---|---|---|
| 1990s | -4.17 billion current LCU | 3.86 billion current LCU | 8.03 billion current LCU | Iceland |
| 2000s | 19.53 billion current LCU | 166.96 billion current LCU | 147.43 billion current LCU | Iceland |
| 2010s | 18.49 billion current LCU | -7.50 billion current LCU | 25.99 billion current LCU | Australia |
| 2020s | 41.44 billion current LCU | -4.32 billion current LCU | 45.75 billion current LCU | Australia |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher net acquisition of financial assets, Australia or Iceland?
- Iceland, at 66.86 billion current LCU against 50.08 billion current LCU in Australia as of 2023.
- What is the difference in net acquisition of financial assets between Australia and Iceland?
- 16.77 billion current LCU, with Iceland ahead.
- How many years of comparable data are there for Australia and Iceland?
- 29 years are reported by both, from 1990 to 2022.
- How do Australia and Iceland rank globally for net acquisition of financial assets?
- Australia ranks 37th and Iceland ranks 34th of 134 countries.
- Where does this data come from?
- Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as Net acquisition of financial assets (current LCU). Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
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 in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.