United Kingdom of Great Britain and Northern Ireland vs United States of America: Net incurrence of liabilities, total
Net incurrence of liabilities, total over time
- United Kingdom of Great Britain and Northern Ireland
- United States of America
How they compare
United States of America currently reports 7.0% against 7.0% in United Kingdom of Great Britain and Northern Ireland, a difference of 0.0%.
The two have swapped places 8 times across 53 shared years of data; in 1972 it was United States of America ahead.
United Kingdom of Great Britain and Northern Ireland ranks 20th and United States of America ranks 19th of 136 countries.
Across the 6 decades both report, United Kingdom of Great Britain and Northern Ireland averaged higher in 4 and United States of America in 2.
Head to head by decade
| Decade | United Kingdom of Great Britain and Northern Ireland | United States of America | Difference | Ahead |
|---|---|---|---|---|
| 1970s | 5.0% | 2.2% | 2.9% | United Kingdom of Great Britain and Northern Ireland |
| 1980s | 2.2% | 3.8% | 1.6% | United States of America |
| 1990s | 3.5% | 2.2% | 1.3% | United Kingdom of Great Britain and Northern Ireland |
| 2000s | 6.7% | 3.8% | 2.9% | United Kingdom of Great Britain and Northern Ireland |
| 2010s | 6.3% | 6.0% | 0.3% | United Kingdom of Great Britain and Northern Ireland |
| 2020s | 9.8% | 10.2% | 0.4% | United States of America |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher net incurrence of liabilities, total, United Kingdom of Great Britain and Northern Ireland or United States of America?
- United States of America, at 7.0% against 7.0% in United Kingdom of Great Britain and Northern Ireland as of 2024.
- What is the difference in net incurrence of liabilities, total between United Kingdom of Great Britain and Northern Ireland and United States of America?
- 0.0%, with United States of America ahead.
- How many years of comparable data are there for United Kingdom of Great Britain and Northern Ireland and United States of America?
- 53 years are reported by both, from 1972 to 2024.
- How do United Kingdom of Great Britain and Northern Ireland and United States of America rank globally for net incurrence of liabilities, total?
- United Kingdom of Great Britain and Northern Ireland ranks 20th and United States of America ranks 19th 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.