Italy vs United States: Net incurrence of liabilities, total (% of GDP)
Net incurrence of liabilities, total (% of GDP) over time
- Italy
- United States
How they compare
Italy currently reports 8.0% against 7.1% in United States, a difference of 0.9%.
That makes Italy's figure about 1.1 times United States's.
Across all 12 years both countries report, Italy has been ahead every year.
Italy ranks 16th and United States ranks 19th of 136 countries.
Italy has averaged higher in every one of the 3 decades both report.
Head to head by decade
| Decade | Italy | United States | Difference | Ahead |
|---|---|---|---|---|
| 1970s | 8.9% | 2.8% | 6.1% | Italy |
| 1980s | 9.8% | 3.6% | 6.1% | Italy |
| 1990s | 8.0% | 4.5% | 3.5% | Italy |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher net incurrence of liabilities, total, Italy or United States?
- Italy, at 8.0% against 7.1% in United States as of 1991.
- What is the difference in net incurrence of liabilities, total between Italy and United States?
- 0.9%, with Italy ahead.
- How many years of comparable data are there for Italy and United States?
- 12 years are reported by both, from 1976 to 1991.
- How do Italy and United States rank globally for net incurrence of liabilities, total?
- Italy ranks 16th and United States 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.