North Macedonia vs United Kingdom: Net incurrence of liabilities, total (% of GDP)
Net incurrence of liabilities, total (% of GDP) over time
- North Macedonia
- United Kingdom
How they compare
United Kingdom currently reports 7.0% against 6.6% in North Macedonia, a difference of 0.4%.
That makes United Kingdom'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 ahead.
North Macedonia ranks 23rd and United Kingdom ranks 20th of 136 countries.
United Kingdom has averaged higher in every one of the 3 decades both report.
Head to head by decade
| Decade | North Macedonia | United Kingdom | Difference | Ahead |
|---|---|---|---|---|
| 2000s | -0.9% | 9.3% | 10.1% | United Kingdom |
| 2010s | 3.6% | 6.3% | 2.8% | United Kingdom |
| 2020s | 6.2% | 9.8% | 3.6% | United Kingdom |
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?
- United Kingdom, 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?
- 0.4%, with United Kingdom ahead.
- How many years of comparable data are there for North Macedonia and United Kingdom?
- 20 years are reported by both, from 2005 to 2024.
- How do North Macedonia and United Kingdom rank globally for net incurrence of liabilities, total?
- North Macedonia ranks 23rd and United Kingdom 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.
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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.