Canada vs Iceland: Net lending (+) / net borrowing (-)
Net lending (+) / net borrowing (-) over time
- Canada
- Iceland
How they compare
Canada currently reports -36.34 billion current LCU against -47.09 billion current LCU in Iceland, a difference of 10.76 billion current LCU.
The two have swapped places 9 times across 34 shared years of data; in 1990 it was Iceland ahead.
Globally, Canada ranks 91st and Iceland ranks 94th of 156 countries.
Individual pages
About this data
Net lending (+) / net borrowing (–) equals government revenue minus expense, minus net investment in nonfinancial assets. It is also equal to the net result of transactions in financial assets and liabilities. Net lending/net borrowing is a summary measure indicating the extent to which government is either putting financial resources at the disposal of other sectors in the economy or abroad, or utilizing the financial resources generated by other sectors in the economy or from abroad. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.