Norway vs Papua New Guinea: Net incurrence of liabilities, total
Net incurrence of liabilities, total over time
- Norway
- Papua New Guinea
How they compare
Papua New Guinea currently reports 2.53 billion current LCU against 2.39 billion current LCU in Norway, a difference of 147.80 million current LCU.
That makes Papua New Guinea's figure about 1.1 times Norway's.
The two have swapped places 1 time across 5 shared years of data; in 1990 it was Papua New Guinea ahead.
Norway ranks 97th and Papua New Guinea ranks 96th of 136 countries.
Norway has averaged higher in every one of the 1 decades both report.
Frequently asked questions
- Which has higher net incurrence of liabilities, total, Norway or Papua New Guinea?
- Papua New Guinea, at 2.53 billion current LCU against 2.39 billion current LCU in Norway as of 2024.
- What is the difference in net incurrence of liabilities, total between Norway and Papua New Guinea?
- 147.80 million current LCU, with Papua New Guinea ahead.
- How many years of comparable data are there for Norway and Papua New Guinea?
- 5 years are reported by both, from 1990 to 1994.
- How do Norway and Papua New Guinea rank globally for net incurrence of liabilities, total?
- Norway ranks 97th and Papua New Guinea ranks 96th 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.