Pacific island small states vs United Kingdom: Net incurrence of liabilities, total (% of GDP)
Net incurrence of liabilities, total (% of GDP) over time
- Pacific island small states
- United Kingdom
How they compare
United Kingdom currently reports 7.0% against 3.0% in Pacific island small states, a difference of 4.0%.
That makes United Kingdom's figure about 2.3 times Pacific island small states's.
The two have swapped places 2 times across 13 shared years of data; in 2011 it was United Kingdom ahead.
Pacific island small states ranks 17th and United Kingdom ranks 20th of 21 groups.
United Kingdom has averaged higher in every one of the 2 decades both report.
Head to head by decade
| Decade | Pacific island small states | United Kingdom | Difference | Ahead |
|---|---|---|---|---|
| 2010s | 1.2% | 6.3% | 5.1% | United Kingdom |
| 2020s | 6.3% | 10.5% | 4.2% | United Kingdom |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher net incurrence of liabilities, total, Pacific island small states or United Kingdom?
- United Kingdom, at 7.0% against 3.0% in Pacific island small states as of 2024.
- What is the difference in net incurrence of liabilities, total between Pacific island small states and United Kingdom?
- 4.0%, with United Kingdom ahead.
- How many years of comparable data are there for Pacific island small states and United Kingdom?
- 13 years are reported by both, from 2011 to 2023.
- How do Pacific island small states and United Kingdom rank globally for net incurrence of liabilities, total?
- Pacific island small states ranks 17th and United Kingdom 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.
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.