Lao People’s Democratic Republic vs Mongolia: Gross savings
Gross savings over time
- Lao People’s Democratic Republic
- Mongolia
How they compare
Lao People’s Democratic Republic currently reports 22.80 trillion current LCU against 20.69 trillion current LCU in Mongolia, a difference of 2.12 trillion current LCU.
That makes Lao People’s Democratic Republic's figure about 1.1 times Mongolia's.
The two have swapped places 4 times across 22 shared years of data; in 1984 it was Lao People’s Democratic Republic ahead.
Lao People’s Democratic Republic ranks 20th and Mongolia ranks 22nd of 177 countries.
Lao People’s Democratic Republic has averaged higher in every one of the 3 decades both report.
Head to head by decade
| Decade | Lao People’s Democratic Republic | Mongolia | Difference | Ahead |
|---|---|---|---|---|
| 1980s | 4.40 billion current LCU | 1.22 billion current LCU | 3.18 billion current LCU | Lao People’s Democratic Republic |
| 2000s | 4.71 trillion current LCU | 1.08 trillion current LCU | 3.63 trillion current LCU | Lao People’s Democratic Republic |
| 2010s | 10.84 trillion current LCU | 4.18 trillion current LCU | 6.65 trillion current LCU | Lao People’s Democratic Republic |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher gross savings, Lao People’s Democratic Republic or Mongolia?
- Lao People’s Democratic Republic, at 22.80 trillion current LCU against 20.69 trillion current LCU in Mongolia as of 2016.
- What is the difference in gross savings between Lao People’s Democratic Republic and Mongolia?
- 2.12 trillion current LCU, with Lao People’s Democratic Republic ahead.
- How many years of comparable data are there for Lao People’s Democratic Republic and Mongolia?
- 22 years are reported by both, from 1984 to 2016.
- How do Lao People’s Democratic Republic and Mongolia rank globally for gross savings?
- Lao People’s Democratic Republic ranks 20th and Mongolia ranks 22nd of 177 countries.
- Where does this data come from?
- Country official statistics, National Statistical Offices (NSOs), published as Gross savings (current LCU). Statizoid refreshes it automatically from the source and publishes the full history for both places.
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About this data
Savings is an amount that represents the part of disposable income (adjusted for the change in pension entitlements) that is not spent on final consumption. Gross savings are calculated as gross national income less total consumption, plus net transfers. 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.