Net incurrence of liabilities, total in Laos
Laos: Net incurrence of liabilities, total was 1.27 trillion current LCU in 2022. ◆ Volatile
Net incurrence of liabilities, total in Laos, 2008–2022
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
Laos recorded 1.27 trillion current LCU for net incurrence of liabilities, total in 2022.
The figure is up 416.3% on the previous year and up 76.4% over ten years.
Over the whole period, net incurrence of liabilities, total in Laos peaked at 8.52 trillion current LCU in 2017 and was at its lowest, 245.59 billion current LCU, in 2021.
That places Laos 29th out of 136 countries with data for 2022, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 1.04 trillion current LCU | 911.86 billion current LCU | 1.16 trillion current LCU | 2 |
| 2010s | 2.84 trillion current LCU | 438.33 billion current LCU | 8.52 trillion current LCU | 10 |
| 2020s | 2.68 trillion current LCU | 245.59 billion current LCU | 6.53 trillion current LCU | 3 |
Countries ranked near Laos
- 26 Democratic Republic of Congo 1.39 trillion current LCU compare
- 27 Costa Rica 1.29 trillion current LCU compare
- 28 Philippines 1.28 trillion current LCU compare
- 30 Lebanon 1.13 trillion current LCU compare
- 31 Rwanda 957.05 billion current LCU compare
- 32 Burkina Faso 900.19 billion current LCU compare
More public sector data for Laos
- Arms imports 7.00 million SIPRI trend indicator values (2024)
- Tax revenue 12.1% (2022)
- Taxes on income, profits and capital gains 19.3% (2022)
- Taxes on goods and services 53.9% (2022)
- Net investment in nonfinancial assets 4.3% (2022)
- Net lending (+) / net borrowing (-) 0.2% (2022)
- Interest payments 11.8% (2022)
- Grants and other revenue 18.1% (2022)
- Interest payments 17.0% (2022)
- Other taxes 0.6% (2022)
Frequently asked questions
- What is net incurrence of liabilities, total in Laos?
- Net incurrence of liabilities, total in Laos was 1.27 trillion current LCU in 2022, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest net incurrence of liabilities, total recorded in Laos?
- The highest recorded value was 8.52 trillion current LCU in 2017.
- What is the lowest net incurrence of liabilities, total recorded in Laos?
- The lowest recorded value was 245.59 billion current LCU in 2021.
- How does Laos rank for net incurrence of liabilities, total?
- Laos ranks 29th out of 136 countries with data for 2022.
- Is net incurrence of liabilities, total rising or falling in Laos?
- Over the last ten years it is up 76.4%. The long-run trend across the full record is volatile.
- Where does this Laos data come from?
- The figures come from Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Net incurrence of liabilities, total (current LCU). Statizoid updates them automatically from the source API.
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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.