Ecuador vs Papua New Guinea: Net incurrence of liabilities, total
Net incurrence of liabilities, total over time
- Ecuador
- Papua New Guinea
How they compare
Ecuador currently reports 2.95 billion current LCU against 2.53 billion current LCU in Papua New Guinea, a difference of 419.67 million current LCU.
That makes Ecuador's figure about 1.2 times Papua New Guinea's.
The two have swapped places 1 time across 9 shared years of data; in 2014 it was Ecuador ahead.
Ecuador ranks 94th and Papua New Guinea ranks 96th of 136 countries.
Across the 2 decades both report, Ecuador averaged higher in 1 and Papua New Guinea in 1.
Head to head by decade
| Decade | Ecuador | Papua New Guinea | Difference | Ahead |
|---|---|---|---|---|
| 2010s | 6.62 billion current LCU | 3.04 billion current LCU | 3.58 billion current LCU | Ecuador |
| 2020s | 6.52 billion current LCU | 6.65 billion current LCU | 134.76 million current LCU | Papua New Guinea |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher net incurrence of liabilities, total, Ecuador or Papua New Guinea?
- Ecuador, at 2.95 billion current LCU against 2.53 billion current LCU in Papua New Guinea as of 2022.
- What is the difference in net incurrence of liabilities, total between Ecuador and Papua New Guinea?
- 419.67 million current LCU, with Ecuador ahead.
- How many years of comparable data are there for Ecuador and Papua New Guinea?
- 9 years are reported by both, from 2014 to 2022.
- How do Ecuador and Papua New Guinea rank globally for net incurrence of liabilities, total?
- Ecuador ranks 94th and Papua New Guinea ranks 96th 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 (current LCU). Statizoid refreshes it automatically from the source and publishes the full history for both places.
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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 in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.