Australia vs Saudi Arabia: Net incurrence of liabilities, total
Net incurrence of liabilities, total over time
- Australia
- Saudi Arabia
How they compare
Australia currently reports 3.5% against 3.2% in Saudi Arabia, a difference of 0.3%.
That makes Australia's figure about 1.1 times Saudi Arabia's.
The two have swapped places 3 times across 7 shared years of data; in 2016 it was Saudi Arabia ahead.
Australia ranks 65th and Saudi Arabia ranks 67th of 136 countries.
Across the 2 decades both report, Australia averaged higher in 1 and Saudi Arabia in 1.
Head to head by decade
| Decade | Australia | Saudi Arabia | Difference | Ahead |
|---|---|---|---|---|
| 2010s | 2.7% | 4.6% | 1.8% | Saudi Arabia |
| 2020s | 6.3% | 3.7% | 2.5% | Australia |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher net incurrence of liabilities, total, Australia or Saudi Arabia?
- Australia, at 3.5% against 3.2% in Saudi Arabia as of 2022.
- What is the difference in net incurrence of liabilities, total between Australia and Saudi Arabia?
- 0.3%, with Australia ahead.
- How many years of comparable data are there for Australia and Saudi Arabia?
- 7 years are reported by both, from 2016 to 2022.
- How do Australia and Saudi Arabia rank globally for net incurrence of liabilities, total?
- Australia ranks 65th and Saudi Arabia ranks 67th 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.
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 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.