Armenia vs Mongolia: Net incurrence of liabilities, total
Net incurrence of liabilities, total over time
- Armenia
- Mongolia
How they compare
Mongolia currently reports 420.26 billion current LCU against 399.87 billion current LCU in Armenia, a difference of 20.38 billion current LCU.
That makes Mongolia's figure about 1.1 times Armenia's.
The two have swapped places 10 times across 19 shared years of data; in 2006 it was Mongolia ahead.
Globally, Armenia ranks 41st and Mongolia ranks 39th of 136 countries.
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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.