Guinea-Bissau vs Iceland: Net incurrence of liabilities, total
Net incurrence of liabilities, total over time
- Guinea-Bissau
- Iceland
How they compare
Guinea-Bissau currently reports 126.91 billion current LCU against 113.95 billion current LCU in Iceland, a difference of 12.96 billion current LCU.
That makes Guinea-Bissau's figure about 1.1 times Iceland's.
The two have swapped places 1 time across 7 shared years of data; in 2017 it was Guinea-Bissau ahead.
Guinea-Bissau ranks 53rd and Iceland ranks 56th of 136 countries.
Across the 2 decades both report, Guinea-Bissau averaged higher in 1 and Iceland in 1.
Head to head by decade
| Decade | Guinea-Bissau | Iceland | Difference | Ahead |
|---|---|---|---|---|
| 2010s | 31.73 billion current LCU | -71.83 billion current LCU | 103.55 billion current LCU | Guinea-Bissau |
| 2020s | 87.97 billion current LCU | 168.19 billion current LCU | 80.22 billion current LCU | Iceland |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher net incurrence of liabilities, total, Guinea-Bissau or Iceland?
- Guinea-Bissau, at 126.91 billion current LCU against 113.95 billion current LCU in Iceland as of 2024.
- What is the difference in net incurrence of liabilities, total between Guinea-Bissau and Iceland?
- 12.96 billion current LCU, with Guinea-Bissau ahead.
- How many years of comparable data are there for Guinea-Bissau and Iceland?
- 7 years are reported by both, from 2017 to 2023.
- How do Guinea-Bissau and Iceland rank globally for net incurrence of liabilities, total?
- Guinea-Bissau ranks 53rd 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.
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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.