Mongolia vs South Africa: Net incurrence of liabilities, total
Net incurrence of liabilities, total over time
- Mongolia
- South Africa
How they compare
Mongolia currently reports 420.26 billion current LCU against 414.86 billion current LCU in South Africa, a difference of 5.39 billion current LCU.
The two have swapped places 11 times across 31 shared years of data; in 1992 it was South Africa ahead.
Mongolia ranks 39th and South Africa ranks 40th of 136 countries.
Mongolia has averaged higher in every one of the 4 decades both report.
Head to head by decade
| Decade | Mongolia | South Africa | Difference | Ahead |
|---|---|---|---|---|
| 1990s | 40.35 billion current LCU | 25.83 billion current LCU | 14.53 billion current LCU | Mongolia |
| 2000s | 202.02 billion current LCU | 51.10 billion current LCU | 150.92 billion current LCU | Mongolia |
| 2010s | 1.33 trillion current LCU | 241.78 billion current LCU | 1.09 trillion current LCU | Mongolia |
| 2020s | 931.61 billion current LCU | 407.59 billion current LCU | 524.02 billion current LCU | Mongolia |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher net incurrence of liabilities, total, Mongolia or South Africa?
- Mongolia, at 420.26 billion current LCU against 414.86 billion current LCU in South Africa as of 2024.
- What is the difference in net incurrence of liabilities, total between Mongolia and South Africa?
- 5.39 billion current LCU, with Mongolia ahead.
- How many years of comparable data are there for Mongolia and South Africa?
- 31 years are reported by both, from 1992 to 2024.
- How do Mongolia and South Africa rank globally for net incurrence of liabilities, total?
- Mongolia ranks 39th and South Africa ranks 40th 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.