Colombia vs Republic of Korea: Net incurrence of liabilities, total
Net incurrence of liabilities, total over time
- Colombia
- Republic of Korea
How they compare
Colombia currently reports 99.03 trillion current LCU against 51.22 trillion current LCU in Republic of Korea, a difference of 47.81 trillion current LCU.
That makes Colombia's figure about 1.9 times Republic of Korea's.
The two have swapped places 9 times across 21 shared years of data; in 1998 it was Republic of Korea ahead.
Colombia ranks 1st and Republic of Korea ranks 4th of 136 countries.
Across the 4 decades both report, Colombia averaged higher in 1 and Republic of Korea in 3.
Head to head by decade
| Decade | Colombia | Republic of Korea | Difference | Ahead |
|---|---|---|---|---|
| 1990s | 9.49 trillion current LCU | 16.27 trillion current LCU | 6.78 trillion current LCU | Republic of Korea |
| 2000s | 13.69 trillion current LCU | 16.30 trillion current LCU | 2.61 trillion current LCU | Republic of Korea |
| 2010s | 28.94 trillion current LCU | 35.01 trillion current LCU | 6.07 trillion current LCU | Republic of Korea |
| 2020s | 93.83 trillion current LCU | 88.96 trillion current LCU | 4.87 trillion current LCU | Colombia |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher net incurrence of liabilities, total, Colombia or Republic of Korea?
- Colombia, at 99.03 trillion current LCU against 51.22 trillion current LCU in Republic of Korea as of 2024.
- What is the difference in net incurrence of liabilities, total between Colombia and Republic of Korea?
- 47.81 trillion current LCU, with Colombia ahead.
- How many years of comparable data are there for Colombia and Republic of Korea?
- 21 years are reported by both, from 1998 to 2024.
- How do Colombia and Republic of Korea rank globally for net incurrence of liabilities, total?
- Colombia ranks 1st and Republic of Korea ranks 4th 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.