South Korea vs Papua New Guinea: Net incurrence of liabilities, total (% of GDP)
Net incurrence of liabilities, total (% of GDP) over time
- South Korea
- Papua New Guinea
How they compare
Papua New Guinea currently reports 2.1% against 2.0% in South Korea, a difference of 0.1%.
That makes Papua New Guinea's figure about 1.1 times South Korea's.
The two have swapped places 2 times across 24 shared years of data; in 1990 it was Papua New Guinea ahead.
South Korea ranks 91st and Papua New Guinea ranks 89th of 136 countries.
Papua New Guinea has averaged higher in every one of the 4 decades both report.
Head to head by decade
| Decade | South Korea | Papua New Guinea | Difference | Ahead |
|---|---|---|---|---|
| 1990s | 0.7% | 3.5% | 2.8% | Papua New Guinea |
| 2000s | -2.0% | 3.4% | 5.4% | Papua New Guinea |
| 2010s | 2.1% | 4.5% | 2.4% | Papua New Guinea |
| 2020s | 4.0% | 5.5% | 1.5% | Papua New Guinea |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher net incurrence of liabilities, total, South Korea or Papua New Guinea?
- Papua New Guinea, at 2.1% against 2.0% in South Korea as of 2024.
- What is the difference in net incurrence of liabilities, total between South Korea and Papua New Guinea?
- 0.1%, with Papua New Guinea ahead.
- How many years of comparable data are there for South Korea and Papua New Guinea?
- 24 years are reported by both, from 1990 to 2024.
- How do South Korea and Papua New Guinea rank globally for net incurrence of liabilities, total?
- South Korea ranks 91st and Papua New Guinea ranks 89th 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.