India vs OECD members: Net incurrence of liabilities, total
Net incurrence of liabilities, total over time
- India
- OECD members
How they compare
India currently reports 6.7% against 2.9% in OECD members, a difference of 3.8%.
That makes India's figure about 2.3 times OECD members's.
The two have swapped places 6 times across 20 shared years of data; in 1975 it was India ahead.
India ranks 22nd and OECD members ranks 19th of 136 countries.
India has averaged higher in every one of the 3 decades both report.
Head to head by decade
| Decade | India | OECD members | Difference | Ahead |
|---|---|---|---|---|
| 1970s | 4.3% | 3.3% | 1.0% | India |
| 1980s | 6.9% | 3.5% | 3.4% | India |
| 1990s | 6.1% | 3.3% | 2.8% | India |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher net incurrence of liabilities, total, India or OECD members?
- India, at 6.7% against 2.9% in OECD members as of 2022.
- What is the difference in net incurrence of liabilities, total between India and OECD members?
- 3.8%, with India ahead.
- How many years of comparable data are there for India and OECD members?
- 20 years are reported by both, from 1975 to 1994.
- How do India and OECD members rank globally for net incurrence of liabilities, total?
- India ranks 22nd and OECD members ranks 19th 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.