OECD members vs United Kingdom of Great Britain and Northern Ireland: Net incurrence of liabilities, total
Net incurrence of liabilities, total over time
- OECD members
- United Kingdom of Great Britain and Northern Ireland
How they compare
United Kingdom of Great Britain and Northern Ireland currently reports 7.0% against 2.9% in OECD members, a difference of 4.1%.
That makes United Kingdom of Great Britain and Northern Ireland's figure about 2.4 times OECD members's.
The two have swapped places 2 times across 20 shared years of data; in 1975 it was United Kingdom of Great Britain and Northern Ireland ahead.
OECD members ranks 19th and United Kingdom of Great Britain and Northern Ireland ranks 20th of 21 groups.
Across the 3 decades both report, OECD members averaged higher in 2 and United Kingdom of Great Britain and Northern Ireland in 1.
Head to head by decade
| Decade | OECD members | United Kingdom of Great Britain and Northern Ireland | Difference | Ahead |
|---|---|---|---|---|
| 1970s | 3.3% | 6.3% | 3.0% | United Kingdom of Great Britain and Northern Ireland |
| 1980s | 3.5% | 2.2% | 1.2% | OECD members |
| 1990s | 3.3% | 2.8% | 0.5% | OECD members |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher net incurrence of liabilities, total, OECD members or United Kingdom of Great Britain and Northern Ireland?
- United Kingdom of Great Britain and Northern Ireland, at 7.0% against 2.9% in OECD members as of 2024.
- What is the difference in net incurrence of liabilities, total between OECD members and United Kingdom of Great Britain and Northern Ireland?
- 4.1%, with United Kingdom of Great Britain and Northern Ireland ahead.
- How many years of comparable data are there for OECD members and United Kingdom of Great Britain and Northern Ireland?
- 20 years are reported by both, from 1975 to 1994.
- How do OECD members and United Kingdom of Great Britain and Northern Ireland rank globally for net incurrence of liabilities, total?
- OECD members ranks 19th and United Kingdom of Great Britain and Northern Ireland ranks 20th 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.
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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.