Congo vs Micronesia (country): Net incurrence of liabilities, total (% of GDP)
Net incurrence of liabilities, total (% of GDP) over time
- Congo
- Micronesia (country)
How they compare
Micronesia (country) currently reports 1.5% against 1.5% in Congo, a difference of 0.0%.
The two have swapped places 3 times across 13 shared years of data; in 2008 it was Micronesia (country) ahead.
Congo ranks 97th and Micronesia (country) ranks 96th of 136 countries.
Across the 3 decades both report, Congo averaged higher in 2 and Micronesia (country) in 1.
Head to head by decade
| Decade | Congo | Micronesia (country) | Difference | Ahead |
|---|---|---|---|---|
| 2000s | -9.7% | 1.9% | 11.6% | Micronesia (country) |
| 2010s | 0.7% | 0.6% | 0.1% | Congo |
| 2020s | 3.7% | 1.5% | 2.2% | Congo |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher net incurrence of liabilities, total, Congo or Micronesia (country)?
- Micronesia (country), at 1.5% against 1.5% in Congo as of 2020.
- What is the difference in net incurrence of liabilities, total between Congo and Micronesia (country)?
- 0.0%, with Micronesia (country) ahead.
- How many years of comparable data are there for Congo and Micronesia (country)?
- 13 years are reported by both, from 2008 to 2020.
- How do Congo and Micronesia (country) rank globally for net incurrence of liabilities, total?
- Congo ranks 97th and Micronesia (country) ranks 96th 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.