Norway vs South Africa: Liquid liabilities to GDP

Norway
68.3%
in 2021
South Africa
69.9%
in 2021
Norway rank
88th
South Africa rank
85th

Liquid liabilities to GDP over time

  • Norway
  • South Africa
020406080196019902021

How they compare

South Africa currently reports 69.9% against 68.3% in Norway, a difference of 1.6%.

The two have swapped places 6 times across 57 shared years of data; in 1965 it was South Africa ahead.

Norway ranks 88th and South Africa ranks 85th of 186 countries.

Across the 7 decades both report, Norway averaged higher in 5 and South Africa in 2.

Head to head by decade

Decade Norway South Africa Difference Ahead
1960s 49.2% 50.9% 1.7% South Africa
1970s 50.6% 51.6% 1.0% South Africa
1980s 51.8% 48.0% 3.8% Norway
1990s 55.2% 46.2% 9.0% Norway
2000s 50.8% 39.4% 11.4% Norway
2010s 58.9% 38.9% 20.0% Norway
2020s 71.7% 58.8% 12.9% Norway

Averages of every year both report within each decade.

Frequently asked questions

Which has higher liquid liabilities to gdp, Norway or South Africa?
South Africa, at 69.9% against 68.3% in Norway as of 2021.
What is the difference in liquid liabilities to gdp between Norway and South Africa?
1.6%, with South Africa ahead.
How many years of comparable data are there for Norway and South Africa?
57 years are reported by both, from 1965 to 2021.
How do Norway and South Africa rank globally for liquid liabilities to gdp?
Norway ranks 88th and South Africa ranks 85th of 186 countries.
Where does this data come from?
International Financial Statistics (IFS), International Monetary Fund (IMF), published as Liquid liabilities to GDP (%). Statizoid refreshes it automatically from the source and publishes the full history for both places.

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Norway vs South Africa: Liquid liabilities to GDP. Statizoid, drawing on International Financial Statistics (IFS), International Monetary Fund (IMF). Retrieved 03 September 2026, from https://financial-sector.statizoid.com/compare/liquid-liabilities-to-gdp-percent/norway/south-africa/

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About this data

Indicator
Liquid liabilities to GDP (%)
Unit
%
Source
International Financial Statistics (IFS), International Monetary Fund (IMF)
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
186 places, 8,545 data points, 1960–2021
Last refreshed

Ratio of liquid liabilities to GDP, calculated using the following deflation method: {(0.5)*[Ft/P_et + Ft-1/P_et-1]}/[GDPt/P_at] where F is liquid liabilities, P_e is end-of period CPI, and P_a is average annual CPI. Raw data are from the electronic version of the IMF's International Financial Statistics. Liquid liabilities (IFS lines 55L or, if not available, line 35L); GDP in local currency (IFS line 99B..ZF or, if not available, line 99B.CZF); end-of period CPI (IFS line 64M..ZF or, if not available, 64Q..ZF); and average annual CPI is calculated using the monthly CPI values (IFS line 64M..ZF) For Eurocurrency area countries liquid liabilities are estimated by summing IFS items 34A, 34B and 35.