Australia vs Uruguay: Net incurrence of liabilities, total
Net incurrence of liabilities, total over time
- Australia
- Uruguay
How they compare
Uruguay currently reports 3.6% against 3.5% in Australia, a difference of 0.1%.
The two have swapped places 11 times across 42 shared years of data; in 1972 it was Uruguay ahead.
Australia ranks 65th and Uruguay ranks 64th of 136 countries.
Across the 6 decades both report, Australia averaged higher in 2 and Uruguay in 4.
Head to head by decade
| Decade | Australia | Uruguay | Difference | Ahead |
|---|---|---|---|---|
| 1970s | 0.7% | 2.6% | 1.9% | Uruguay |
| 1980s | 0.7% | 7.1% | 6.4% | Uruguay |
| 1990s | 0.9% | 2.0% | 1.1% | Uruguay |
| 2000s | 1.2% | 2.5% | 1.3% | Uruguay |
| 2010s | 3.2% | 2.1% | 1.1% | Australia |
| 2020s | 6.3% | 4.0% | 2.3% | Australia |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher net incurrence of liabilities, total, Australia or Uruguay?
- Uruguay, at 3.6% against 3.5% in Australia as of 2024.
- What is the difference in net incurrence of liabilities, total between Australia and Uruguay?
- 0.1%, with Uruguay ahead.
- How many years of comparable data are there for Australia and Uruguay?
- 42 years are reported by both, from 1972 to 2022.
- How do Australia and Uruguay rank globally for net incurrence of liabilities, total?
- Australia ranks 65th and Uruguay ranks 64th 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.