Laos vs Mongolia: General government final consumption expenditure (current LCU)
General government final consumption expenditure (current LCU) over time
- Laos
- Mongolia
How they compare
Laos currently reports 18.06 trillion current LCU against 13.15 trillion current LCU in Mongolia, a difference of 4.91 trillion current LCU.
That makes Laos's figure about 1.4 times Mongolia's.
Across all 22 years both countries report, Laos has been ahead every year.
Laos ranks 23rd and Mongolia ranks 26th of 187 countries.
Laos has averaged higher in every one of the 3 decades both report.
Head to head by decade
| Decade | Laos | Mongolia | Difference | Ahead |
|---|---|---|---|---|
| 1980s | 13.84 billion current LCU | 2.21 billion current LCU | 11.63 billion current LCU | Laos |
| 2000s | 2.56 trillion current LCU | 465.09 billion current LCU | 2.10 trillion current LCU | Laos |
| 2010s | 13.44 trillion current LCU | 2.54 trillion current LCU | 10.90 trillion current LCU | Laos |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher general government final consumption expenditure, Laos or Mongolia?
- Laos, at 18.06 trillion current LCU against 13.15 trillion current LCU in Mongolia as of 2016.
- What is the difference in general government final consumption expenditure between Laos and Mongolia?
- 4.91 trillion current LCU, with Laos ahead.
- How many years of comparable data are there for Laos and Mongolia?
- 22 years are reported by both, from 1984 to 2016.
- How do Laos and Mongolia rank globally for general government final consumption expenditure?
- Laos ranks 23rd and Mongolia ranks 26th of 187 countries.
- Where does this data come from?
- Country official statistics, National Statistical Organizations and/or Central Banks, published as General government final consumption expenditure (current LCU). Statizoid refreshes it automatically from the source and publishes the full history for both places.
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 current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.