Belize vs South Korea: Net incurrence of liabilities, total (% of GDP)
Net incurrence of liabilities, total (% of GDP) over time
- Belize
- South Korea
How they compare
South Korea currently reports 2.0% against 1.7% in Belize, a difference of 0.3%.
That makes South Korea's figure about 1.2 times Belize's.
The two have swapped places 6 times across 22 shared years of data; in 1990 it was Belize ahead.
Belize ranks 94th and South Korea ranks 91st of 136 countries.
Belize has averaged higher in every one of the 3 decades both report.
Head to head by decade
| Decade | Belize | South Korea | Difference | Ahead |
|---|---|---|---|---|
| 1990s | 2.2% | 0.7% | 1.5% | Belize |
| 2000s | 3.6% | -0.6% | 4.2% | Belize |
| 2010s | 2.3% | 1.1% | 1.2% | Belize |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher net incurrence of liabilities, total, Belize or South Korea?
- South Korea, at 2.0% against 1.7% in Belize as of 2024.
- What is the difference in net incurrence of liabilities, total between Belize and South Korea?
- 0.3%, with South Korea ahead.
- How many years of comparable data are there for Belize and South Korea?
- 22 years are reported by both, from 1990 to 2011.
- How do Belize and South Korea rank globally for net incurrence of liabilities, total?
- Belize ranks 94th and South Korea ranks 91st 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.