India vs Mongolia: Central government debt, total
Central government debt, total over time
- India
- Mongolia
How they compare
India currently reports 87.93 trillion current LCU against 34.96 trillion current LCU in Mongolia, a difference of 52.96 trillion current LCU.
That makes India's figure about 2.5 times Mongolia's.
Across all 11 years both countries report, India has been ahead every year.
India ranks 5th and Mongolia ranks 8th of 83 countries.
India has averaged higher in every one of the 3 decades both report.
Head to head by decade
| Decade | India | Mongolia | Difference | Ahead |
|---|---|---|---|---|
| 1990s | 6.55 trillion current LCU | 375.27 billion current LCU | 6.18 trillion current LCU | India |
| 2000s | 12.72 trillion current LCU | 960.84 billion current LCU | 11.76 trillion current LCU | India |
| 2010s | 87.93 trillion current LCU | 21.49 trillion current LCU | 66.43 trillion current LCU | India |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher central government debt, total, India or Mongolia?
- India, at 87.93 trillion current LCU against 34.96 trillion current LCU in Mongolia as of 2018.
- What is the difference in central government debt, total between India and Mongolia?
- 52.96 trillion current LCU, with India ahead.
- How many years of comparable data are there for India and Mongolia?
- 11 years are reported by both, from 1992 to 2018.
- How do India and Mongolia rank globally for central government debt, total?
- India ranks 5th and Mongolia ranks 8th of 83 countries.
- Where does this data come from?
- Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as Central government debt, total (current LCU). Statizoid refreshes it automatically from the source and publishes the full history for both places.
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About this data
Debt is the entire stock of direct government fixed-term contractual obligations to others outstanding on a particular date. It includes domestic and foreign liabilities such as currency and money deposits, securities other than shares, and loans. It is the gross amount of government liabilities reduced by the amount of equity and financial derivatives held by the government. Because debt is a stock rather than a flow, it is measured as of a given date, usually the last day of the fiscal year. Central government is the part of general government that includes all administrative departments of the national executive, legislative, and judicial functions, other central agencies and those non-market producers controlled by the central government, whose competence extends normally over the whole economic territory. 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.