Laos vs Mongolia: Net incurrence of liabilities, total (% of GDP)
Net incurrence of liabilities, total (% of GDP) over time
- Laos
- Mongolia
How they compare
Laos currently reports 0.6% against 0.5% in Mongolia, a difference of 0.1%.
That makes Laos's figure about 1.1 times Mongolia's.
The two have swapped places 7 times across 15 shared years of data; in 2008 it was Laos ahead.
Laos ranks 112th and Mongolia ranks 113th of 136 countries.
Mongolia has averaged higher in every one of the 3 decades both report.
Head to head by decade
| Decade | Laos | Mongolia | Difference | Ahead |
|---|---|---|---|---|
| 2000s | 2.1% | 6.4% | 4.3% | Mongolia |
| 2010s | 2.3% | 6.4% | 4.1% | Mongolia |
| 2020s | 1.5% | 3.3% | 1.8% | Mongolia |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher net incurrence of liabilities, total, Laos or Mongolia?
- Laos, at 0.6% against 0.5% in Mongolia as of 2022.
- What is the difference in net incurrence of liabilities, total between Laos and Mongolia?
- 0.1%, with Laos ahead.
- How many years of comparable data are there for Laos and Mongolia?
- 15 years are reported by both, from 2008 to 2022.
- How do Laos and Mongolia rank globally for net incurrence of liabilities, total?
- Laos ranks 112th and Mongolia ranks 113th 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 (% of GDP). Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
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 as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.