Lao People's Democratic Republic vs Philippines: Net incurrence of liabilities, total
Net incurrence of liabilities, total over time
- Lao People's Democratic Republic
- Philippines
How they compare
Philippines currently reports 1.28 trillion current LCU against 1.27 trillion current LCU in Lao People's Democratic Republic, a difference of 8.71 billion current LCU.
The two have swapped places 1 time across 15 shared years of data; in 2008 it was Lao People's Democratic Republic ahead.
Lao People's Democratic Republic ranks 29th and Philippines ranks 28th of 136 countries.
Lao People's Democratic Republic has averaged higher in every one of the 3 decades both report.
Head to head by decade
| Decade | Lao People's Democratic Republic | Philippines | Difference | Ahead |
|---|---|---|---|---|
| 2000s | 1.04 trillion current LCU | 184.58 billion current LCU | 851.03 billion current LCU | Lao People's Democratic Republic |
| 2010s | 2.84 trillion current LCU | 319.36 billion current LCU | 2.52 trillion current LCU | Lao People's Democratic Republic |
| 2020s | 2.68 trillion current LCU | 1.77 trillion current LCU | 912.64 billion current LCU | Lao People's Democratic Republic |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher net incurrence of liabilities, total, Lao People's Democratic Republic or Philippines?
- Philippines, at 1.28 trillion current LCU against 1.27 trillion current LCU in Lao People's Democratic Republic as of 2024.
- What is the difference in net incurrence of liabilities, total between Lao People's Democratic Republic and Philippines?
- 8.71 billion current LCU, with Philippines ahead.
- How many years of comparable data are there for Lao People's Democratic Republic and Philippines?
- 15 years are reported by both, from 2008 to 2022.
- How do Lao People's Democratic Republic and Philippines rank globally for net incurrence of liabilities, total?
- Lao People's Democratic Republic ranks 29th and Philippines ranks 28th 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.