Argentina vs Australia: Net incurrence of liabilities, total
Net incurrence of liabilities, total over time
- Argentina
- Australia
How they compare
Argentina currently reports 3.6% against 3.5% in Australia, a difference of 0.1%.
The two have swapped places 2 times across 9 shared years of data; in 2014 it was Argentina ahead.
Argentina ranks 63rd and Australia ranks 65th of 136 countries.
Across the 2 decades both report, Argentina averaged higher in 1 and Australia in 1.
Head to head by decade
| Decade | Argentina | Australia | Difference | Ahead |
|---|---|---|---|---|
| 2010s | 5.8% | 3.1% | 2.7% | Argentina |
| 2020s | 5.4% | 6.3% | 0.9% | Australia |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher net incurrence of liabilities, total, Argentina or Australia?
- Argentina, at 3.6% against 3.5% in Australia as of 2024.
- What is the difference in net incurrence of liabilities, total between Argentina and Australia?
- 0.1%, with Argentina ahead.
- How many years of comparable data are there for Argentina and Australia?
- 9 years are reported by both, from 2014 to 2022.
- How do Argentina and Australia rank globally for net incurrence of liabilities, total?
- Argentina ranks 63rd and Australia ranks 65th 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 (% of GDP). 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 as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.