Turkey vs United States: Net incurrence of liabilities, total (current LCU)
Net incurrence of liabilities, total (current LCU) over time
- Turkey
- United States
How they compare
Turkey currently reports 2.38 trillion current LCU against 2.07 trillion current LCU in United States, a difference of 306.88 billion current LCU.
That makes Turkey's figure about 1.1 times United States's.
The two have swapped places 1 time across 29 shared years of data; in 1972 it was United States ahead.
Turkey ranks 20th and United States ranks 22nd of 136 countries.
United States has averaged higher in every one of the 5 decades both report.
Head to head by decade
| Decade | Turkey | United States | Difference | Ahead |
|---|---|---|---|---|
| 1970s | 35,288 current LCU | 41.77 billion current LCU | 41.77 billion current LCU | United States |
| 1980s | 3.51 million current LCU | 152.65 billion current LCU | 152.64 billion current LCU | United States |
| 2000s | 38.26 billion current LCU | 1.46 trillion current LCU | 1.42 trillion current LCU | United States |
| 2010s | 61.68 billion current LCU | 1.05 trillion current LCU | 992.50 billion current LCU | United States |
| 2020s | 1.23 trillion current LCU | 2.49 trillion current LCU | 1.26 trillion current LCU | United States |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher net incurrence of liabilities, total, Turkey or United States?
- Turkey, at 2.38 trillion current LCU against 2.07 trillion current LCU in United States as of 2024.
- What is the difference in net incurrence of liabilities, total between Turkey and United States?
- 306.88 billion current LCU, with Turkey ahead.
- How many years of comparable data are there for Turkey and United States?
- 29 years are reported by both, from 1972 to 2024.
- How do Turkey and United States rank globally for net incurrence of liabilities, total?
- Turkey ranks 20th and United States ranks 22nd 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.