India vs South Korea: Net incurrence of liabilities, total (current LCU)
Net incurrence of liabilities, total (current LCU) over time
- India
- South Korea
How they compare
South Korea currently reports 51.22 trillion current LCU against 17.63 trillion current LCU in India, a difference of 33.59 trillion current LCU.
That makes South Korea's figure about 2.9 times India's.
The two have swapped places 8 times across 46 shared years of data; in 1974 it was South Korea ahead.
India ranks 7th and South Korea ranks 4th of 136 countries.
Across the 6 decades both report, India averaged higher in 1 and South Korea in 5.
Head to head by decade
| Decade | India | South Korea | Difference | Ahead |
|---|---|---|---|---|
| 1970s | 40.98 billion current LCU | 395.17 billion current LCU | 354.19 billion current LCU | South Korea |
| 1980s | 205.77 billion current LCU | 817.40 billion current LCU | 611.63 billion current LCU | South Korea |
| 1990s | 636.45 billion current LCU | 3.92 trillion current LCU | 3.28 trillion current LCU | South Korea |
| 2000s | 1.64 trillion current LCU | -2.22 trillion current LCU | 3.87 trillion current LCU | India |
| 2010s | 4.98 trillion current LCU | 32.84 trillion current LCU | 27.86 trillion current LCU | South Korea |
| 2020s | 17.63 trillion current LCU | 86.14 trillion current LCU | 68.52 trillion current LCU | South Korea |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher net incurrence of liabilities, total, India or South Korea?
- South Korea, at 51.22 trillion current LCU against 17.63 trillion current LCU in India as of 2024.
- What is the difference in net incurrence of liabilities, total between India and South Korea?
- 33.59 trillion current LCU, with South Korea ahead.
- How many years of comparable data are there for India and South Korea?
- 46 years are reported by both, from 1974 to 2022.
- How do India and South Korea rank globally for net incurrence of liabilities, total?
- India ranks 7th and South 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.
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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.