Iran, Islamic Republic of vs Republic of Korea: Net incurrence of liabilities, total
Net incurrence of liabilities, total over time
- Iran, Islamic Republic of
- Republic of Korea
How they compare
Republic of Korea currently reports 51.22 trillion current LCU against 29.32 trillion current LCU in Iran, Islamic Republic of, a difference of 21.90 trillion current LCU.
That makes Republic of Korea's figure about 1.7 times Iran, Islamic Republic of's.
The two have swapped places 3 times across 8 shared years of data; in 1999 it was Republic of Korea ahead.
Iran, Islamic Republic of ranks 5th and Republic of Korea ranks 4th of 136 countries.
Across the 2 decades both report, Iran, Islamic Republic of averaged higher in 1 and Republic of Korea in 1.
Head to head by decade
| Decade | Iran, Islamic Republic of | Republic of Korea | Difference | Ahead |
|---|---|---|---|---|
| 1990s | 3.28 trillion current LCU | 15.09 trillion current LCU | 11.81 trillion current LCU | Republic of Korea |
| 2000s | 8.33 trillion current LCU | -13.83 trillion current LCU | 22.15 trillion current LCU | Iran, Islamic Republic of |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher net incurrence of liabilities, total, Iran, Islamic Republic of or Republic of Korea?
- Republic of Korea, at 51.22 trillion current LCU against 29.32 trillion current LCU in Iran, Islamic Republic of as of 2024.
- What is the difference in net incurrence of liabilities, total between Iran, Islamic Republic of and Republic of Korea?
- 21.90 trillion current LCU, with Republic of Korea ahead.
- How many years of comparable data are there for Iran, Islamic Republic of and Republic of Korea?
- 8 years are reported by both, from 1999 to 2006.
- How do Iran, Islamic Republic of and Republic of Korea rank globally for net incurrence of liabilities, total?
- Iran, Islamic Republic of ranks 5th 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.
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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.