European Union vs Italy: Net incurrence of liabilities, total
Net incurrence of liabilities, total over time
- European Union
- Italy
How they compare
Italy currently reports 8.0% against 3.1% in European Union, a difference of 4.9%.
That makes Italy's figure about 2.6 times European Union's.
Across all 11 years both countries report, Italy has been ahead every year.
European Union ranks 16th and Italy ranks 16th of 21 groups.
Italy has averaged higher in every one of the 2 decades both report.
Head to head by decade
| Decade | European Union | Italy | Difference | Ahead |
|---|---|---|---|---|
| 1970s | 3.2% | 8.9% | 5.7% | Italy |
| 1980s | 3.9% | 9.8% | 5.9% | Italy |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher net incurrence of liabilities, total, European Union or Italy?
- Italy, at 8.0% against 3.1% in European Union as of 1991.
- What is the difference in net incurrence of liabilities, total between European Union and Italy?
- 4.9%, with Italy ahead.
- How many years of comparable data are there for European Union and Italy?
- 11 years are reported by both, from 1976 to 1988.
- How do European Union and Italy rank globally for net incurrence of liabilities, total?
- European Union ranks 16th and Italy ranks 16th of 21 groups.
- 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.