North Macedonia vs United Kingdom of Great Britain and Northern Ireland: Net incurrence of liabilities, total
Net incurrence of liabilities, total over time
- North Macedonia
- United Kingdom of Great Britain and Northern Ireland
How they compare
United Kingdom of Great Britain and Northern Ireland currently reports 7.0% against 6.6% in North Macedonia, a difference of 0.4%.
That makes United Kingdom of Great Britain and Northern Ireland's figure about 1.1 times North Macedonia's.
The two have swapped places 2 times across 20 shared years of data; in 2005 it was United Kingdom of Great Britain and Northern Ireland ahead.
North Macedonia ranks 23rd and United Kingdom of Great Britain and Northern Ireland ranks 20th of 136 countries.
United Kingdom of Great Britain and Northern Ireland has averaged higher in every one of the 3 decades both report.
Head to head by decade
| Decade | North Macedonia | United Kingdom of Great Britain and Northern Ireland | Difference | Ahead |
|---|---|---|---|---|
| 2000s | -0.9% | 9.3% | 10.1% | United Kingdom of Great Britain and Northern Ireland |
| 2010s | 3.6% | 6.3% | 2.8% | United Kingdom of Great Britain and Northern Ireland |
| 2020s | 6.2% | 9.8% | 3.6% | United Kingdom of Great Britain and Northern Ireland |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher net incurrence of liabilities, total, North Macedonia or United Kingdom of Great Britain and Northern Ireland?
- United Kingdom of Great Britain and Northern Ireland, at 7.0% against 6.6% in North Macedonia as of 2024.
- What is the difference in net incurrence of liabilities, total between North Macedonia and United Kingdom of Great Britain and Northern Ireland?
- 0.4%, with United Kingdom of Great Britain and Northern Ireland ahead.
- How many years of comparable data are there for North Macedonia and United Kingdom of Great Britain and Northern Ireland?
- 20 years are reported by both, from 2005 to 2024.
- How do North Macedonia and United Kingdom of Great Britain and Northern Ireland rank globally for net incurrence of liabilities, total?
- North Macedonia ranks 23rd and United Kingdom of Great Britain and Northern Ireland ranks 20th 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.