Naoero vs Tonga: Net incurrence of liabilities, total
Net incurrence of liabilities, total over time
- Naoero
- Tonga
How they compare
Tonga currently reports 693,426 current LCU against -3.75 million current LCU in Naoero, a difference of 4.44 million current LCU.
The two have swapped places 4 times across 7 shared years of data; in 2014 it was Tonga ahead.
Naoero ranks 124th and Tonga ranks 122nd of 136 countries.
Across the 2 decades both report, Naoero averaged higher in 1 and Tonga in 1.
Head to head by decade
| Decade | Naoero | Tonga | Difference | Ahead |
|---|---|---|---|---|
| 2010s | 4.71 million current LCU | 1.12 million current LCU | 3.58 million current LCU | Naoero |
| 2020s | -3.75 million current LCU | 8.28 million current LCU | 12.03 million current LCU | Tonga |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher net incurrence of liabilities, total, Naoero or Tonga?
- Tonga, at 693,426 current LCU against -3.75 million current LCU in Naoero as of 2023.
- What is the difference in net incurrence of liabilities, total between Naoero and Tonga?
- 4.44 million current LCU, with Tonga ahead.
- How many years of comparable data are there for Naoero and Tonga?
- 7 years are reported by both, from 2014 to 2020.
- How do Naoero and Tonga rank globally for net incurrence of liabilities, total?
- Naoero ranks 124th and Tonga ranks 122nd 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.