Australia vs Iceland: Net incurrence of liabilities, total
Net incurrence of liabilities, total over time
- Australia
- Iceland
How they compare
Iceland currently reports 113.95 billion current LCU against 81.00 billion current LCU in Australia, a difference of 32.95 billion current LCU.
That makes Iceland's figure about 1.4 times Australia's.
The two have swapped places 12 times across 47 shared years of data; in 1972 it was Iceland ahead.
Australia ranks 59th and Iceland ranks 56th of 136 countries.
Across the 6 decades both report, Australia averaged higher in 2 and Iceland in 4.
Head to head by decade
| Decade | Australia | Iceland | Difference | Ahead |
|---|---|---|---|---|
| 1970s | 797.33 million current LCU | 113.75 million current LCU | 683.58 million current LCU | Australia |
| 1980s | 1.17 billion current LCU | 3.76 billion current LCU | 2.59 billion current LCU | Iceland |
| 1990s | 2.06 billion current LCU | 8.94 billion current LCU | 6.88 billion current LCU | Iceland |
| 2000s | 10.97 billion current LCU | 181.65 billion current LCU | 170.68 billion current LCU | Iceland |
| 2010s | 51.35 billion current LCU | -23.13 billion current LCU | 74.48 billion current LCU | Australia |
| 2020s | 131.46 billion current LCU | 186.27 billion current LCU | 54.81 billion current LCU | Iceland |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher net incurrence of liabilities, total, Australia or Iceland?
- Iceland, at 113.95 billion current LCU against 81.00 billion current LCU in Australia as of 2023.
- What is the difference in net incurrence of liabilities, total between Australia and Iceland?
- 32.95 billion current LCU, with Iceland ahead.
- How many years of comparable data are there for Australia and Iceland?
- 47 years are reported by both, from 1972 to 2022.
- How do Australia and Iceland rank globally for net incurrence of liabilities, total?
- Australia ranks 59th and Iceland ranks 56th of 136 countries.
- Where does this data come from?
- Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as Net incurrence of liabilities, total (current LCU). Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
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.