Mongolia vs Philippines: General government final consumption expenditure
General government final consumption expenditure over time
- Mongolia
- Philippines
How they compare
Mongolia currently reports 6.33 trillion constant LCU against 3.50 trillion constant LCU in Philippines, a difference of 2.83 trillion constant LCU.
That makes Mongolia's figure about 1.8 times Philippines's.
Across all 16 years both countries report, Mongolia has been ahead every year.
Globally, Mongolia ranks 21st and Philippines ranks 24th of 175 countries.
Individual pages
About this data
Final consumption expenditure is expenditure on goods and services by resident institutional units for the direct satisfaction of human needs or wants, whether individual or collective. General government FCE includes all government current expenditures for purchases of goods and services (including compensation of employees), and most expenditures on national defense and security, but excludes government military expenditures that are part of government capital formation. This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment varies by country. This series is expressed in local currency units.