Laos vs Philippines: Net incurrence of liabilities, total
Net incurrence of liabilities, total over time
- Laos
- Philippines
How they compare
Philippines currently reports 1.28 trillion current LCU against 1.27 trillion current LCU in Laos, a difference of 8.71 billion current LCU.
The two have swapped places 1 time across 15 shared years of data; in 2008 it was Laos ahead.
Globally, Laos ranks 29th and Philippines ranks 28th 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.