Laos vs Philippines: Net incurrence of liabilities, total (current LCU)
Net incurrence of liabilities, total (current LCU) over time
- Laos
- Philippines
How they compare
Philippines currently reports 1.28 trillion current LCU against 1.27 trillion current LCU in Laos, 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 Laos ahead.
Laos ranks 30th and Philippines ranks 29th of 136 countries.
Laos has averaged higher in every one of the 3 decades both report.
Head to head by decade
| Decade | Laos | Philippines | Difference | Ahead |
|---|---|---|---|---|
| 2000s | 1.04 trillion current LCU | 184.58 billion current LCU | 851.03 billion current LCU | Laos |
| 2010s | 2.84 trillion current LCU | 319.36 billion current LCU | 2.52 trillion current LCU | Laos |
| 2020s | 2.68 trillion current LCU | 1.77 trillion current LCU | 912.64 billion current LCU | Laos |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher net incurrence of liabilities, total, Laos or Philippines?
- Philippines, at 1.28 trillion current LCU against 1.27 trillion current LCU in Laos as of 2024.
- What is the difference in net incurrence of liabilities, total between Laos and Philippines?
- 8.71 billion current LCU, with Philippines ahead.
- How many years of comparable data are there for Laos and Philippines?
- 15 years are reported by both, from 2008 to 2022.
- How do Laos and Philippines rank globally for net incurrence of liabilities, total?
- Laos ranks 30th and Philippines ranks 29th 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.