OECD members vs United States: Net incurrence of liabilities, total (% of GDP)
Net incurrence of liabilities, total (% of GDP) over time
- OECD members
- United States
How they compare
United States currently reports 7.1% against 2.9% in OECD members, a difference of 4.2%.
That makes United States's figure about 2.4 times OECD members's.
The two have swapped places 4 times across 20 shared years of data; in 1975 it was OECD members ahead.
OECD members ranks 19th and United States ranks 19th of 21 groups.
Across the 3 decades both report, OECD members averaged higher in 1 and United States in 2.
Head to head by decade
| Decade | OECD members | United States | Difference | Ahead |
|---|---|---|---|---|
| 1970s | 3.3% | 2.9% | 0.4% | OECD members |
| 1980s | 3.5% | 3.8% | 0.3% | United States |
| 1990s | 3.3% | 3.8% | 0.5% | United States |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher net incurrence of liabilities, total, OECD members or United States?
- United States, at 7.1% against 2.9% in OECD members as of 2024.
- What is the difference in net incurrence of liabilities, total between OECD members and United States?
- 4.2%, with United States ahead.
- How many years of comparable data are there for OECD members and United States?
- 20 years are reported by both, from 1975 to 1994.
- How do OECD members and United States rank globally for net incurrence of liabilities, total?
- OECD members ranks 19th and United States ranks 19th 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.