Italy vs Singapore: Net incurrence of liabilities, total
Net incurrence of liabilities, total over time
- Italy
- Singapore
How they compare
Singapore currently reports 8.7% against 8.0% in Italy, a difference of 0.7%.
That makes Singapore's figure about 1.1 times Italy's.
The two have swapped places 6 times across 12 shared years of data; in 1976 it was Singapore ahead.
Italy ranks 16th and Singapore ranks 14th of 136 countries.
Across the 3 decades both report, Italy averaged higher in 1 and Singapore in 2.
Head to head by decade
| Decade | Italy | Singapore | Difference | Ahead |
|---|---|---|---|---|
| 1970s | 8.9% | 10.4% | 1.5% | Singapore |
| 1980s | 9.8% | 8.3% | 1.5% | Italy |
| 1990s | 8.0% | 9.2% | 1.1% | Singapore |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher net incurrence of liabilities, total, Italy or Singapore?
- Singapore, at 8.7% against 8.0% in Italy as of 2024.
- What is the difference in net incurrence of liabilities, total between Italy and Singapore?
- 0.7%, with Singapore ahead.
- How many years of comparable data are there for Italy and Singapore?
- 12 years are reported by both, from 1976 to 1991.
- How do Italy and Singapore rank globally for net incurrence of liabilities, total?
- Italy ranks 16th and Singapore ranks 14th 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.