×

Economy > Government deficits and debt > Government debt > General government gross financial liabilities: Countries Compared

DEFINITION: For most countries, gross financial liabilities refer to the liabilities (short and long-term) of all the institutions in the general government sector, as defined in the 1993 System of National Accounts (SNA) or in the 1995 European System of Accounts (ESA). This definition differs from the definition of debt applied under the Maastricht Treaty essentially in two respects. First, gross debt according to the Maastricht definition excludes trade credits and advances, as well as shares and insurance technical reserves. Second, government bonds are valued at nominal values instead of at market value or issue price plus accrued interest as required by the SNA rules. The United States and Canada also value government bonds at nominal value.

In principle, debts within and between different levels of government are consolidated; a loan from one level of government to another represents both an asset and an equal liability for the government as a whole and so it cancels out (is "consolidated”) for the general government sector.

CONTENTS

# COUNTRY AMOUNT DATE GRAPH
1 Japan 170.56% 1995
2 Italy 113.24% 1995
3 Greece 102.3% 1995
4 Belgium 87.55% 1995
Group of 7 countries (G7) average (profile) 84.75% 1995
5 Hungary 72.01% 1995
6 France 70.11% 1995
7 Portugal 70.07% 1995
8 Germany 65.46% 1995
9 Canada 64.05% 1995
10 United States 62.88% 1995
11 Austria 61.92% 1995
12 Norway 57.92% 1995
High income OECD countries average (profile) 55.35% 1995
13 Poland 52.51% 1995
14 Netherlands 51.67% 1995
15 Switzerland 48.6% 1995
16 Sweden 46.95% 1995
17 United Kingdom 46.91% 1995
18 Spain 42.67% 1995
19 Finland 41.51% 1995
20 Czech Republic 38.42% 1995
21 Slovakia 36.46% 1995
22 Denmark 31.04% 1995
23 South Korea 28.93% 1995
24 Ireland 27.95% 1995
25 New Zealand 25.26% 1995
26 Iceland 24.01% 1995
27 Australia 15.41% 1995
28 Luxembourg 9.93% 1995

Citation

"Countries Compared by Economy > Government deficits and debt > Government debt > General government gross financial liabilities. International Statistics at NationMaster.com", OECD Country statistical profiles 2009. Aggregates compiled by NationMaster. Retrieved from http://www.nationmaster.com/country-info/stats/Economy/Government-deficits-and-debt/Government-debt/General-government-gross-financial-liabilities

Economy > Government deficits and debt > Government debt > General government gross financial liabilities: Countries Compared Map

NationMaster

Interesting observations about Economy > Government deficits and debt > Government debt > General government gross financial liabilities

Follow us on Facebook to get interesting stats: