European Union vs United States: Net incurrence of liabilities, total
Net incurrence of liabilities, total over time
- European Union
- United States
How they compare
United States currently reports 7.0% against 3.1% in European Union, a difference of 3.9%.
That makes United States's figure about 2.3 times European Union's.
The two have swapped places 4 times across 12 shared years of data; in 1976 it was United States ahead.
European Union ranks 16th and United States ranks 19th of 21 groups.
Across the 3 decades both report, European Union averaged higher in 2 and United States in 1.
Head to head by decade
| Decade | European Union | United States | Difference | Ahead |
|---|---|---|---|---|
| 1970s | 3.2% | 2.8% | 0.4% | European Union |
| 1980s | 3.9% | 3.6% | 0.3% | European Union |
| 1990s | 3.1% | 3.7% | 0.6% | United States |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher net incurrence of liabilities, total, European Union or United States?
- United States, at 7.0% against 3.1% in European Union as of 2024.
- What is the difference in net incurrence of liabilities, total between European Union and United States?
- 3.9%, with United States ahead.
- How many years of comparable data are there for European Union and United States?
- 12 years are reported by both, from 1976 to 1990.
- How do European Union and United States rank globally for net incurrence of liabilities, total?
- European Union ranks 16th and United States ranks 19th 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.