Lower middle income vs Singapore: Net incurrence of liabilities, total
Net incurrence of liabilities, total over time
- Lower middle income
- Singapore
How they compare
Singapore currently reports 8.7% against 3.2% in Lower middle income, a difference of 5.5%.
That makes Singapore's figure about 2.7 times Lower middle income's.
Across all 11 years both countries report, Singapore has been ahead every year.
Lower middle income ranks 13th and Singapore ranks 14th of 21 groups.
Singapore has averaged higher in every one of the 2 decades both report.
Head to head by decade
| Decade | Lower middle income | Singapore | Difference | Ahead |
|---|---|---|---|---|
| 2000s | 4.7% | 9.0% | 4.3% | Singapore |
| 2010s | 4.4% | 8.9% | 4.5% | Singapore |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher net incurrence of liabilities, total, Lower middle income or Singapore?
- Singapore, at 8.7% against 3.2% in Lower middle income as of 2024.
- What is the difference in net incurrence of liabilities, total between Lower middle income and Singapore?
- 5.5%, with Singapore ahead.
- How many years of comparable data are there for Lower middle income and Singapore?
- 11 years are reported by both, from 2003 to 2018.
- How do Lower middle income and Singapore rank globally for net incurrence of liabilities, total?
- Lower middle income ranks 13th and Singapore ranks 14th 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.