The gross domestic product (GDP) in current prices in Laos was forecast to continuously decrease between 2024 and 2029 by in total 4.2 billion U.S. dollars (-28.09 percent). According to this forecast, in 2029, the GDP will have decreased for the fifth consecutive year to 10.75 billion U.S. dollars. This indicator describes the gross domestic product at current prices, consistent with the definition given by the International Monetary Fund. This means that the values are based upon the GDP in national currency converted to U.S. dollars using market exchange rates (yearly average). The GDP represents the total value of final goods and services produced during a year.Find more key insights for the gross domestic product (GDP) in current prices in countries like Timor-Leste, Malaysia, and Indonesia.

The growth of the real gross domestic product (GDP) in Laos was forecast to continuously decrease between 2024 and 2029 by in total 1.6 percentage points. According to this forecast, in 2029, the growth will have decreased for the fifth consecutive year to 2.52 percent. As described by the International Monetary Fund, this indicator describes the annual change in the gross domestic product at constant prices. This is expressed in national currency units. Here the gross domestic product represents the total value of the final goods and services produced during a year.Find more key insights for the growth of the real gross domestic product (GDP) in countries like Myanmar (Burma), Singapore, and Brunei.

The Gross Domestic Product per capita in Laos was last recorded at 13889.88 US dollars in 2023, when adjusted by purchasing power parity (PPP). The GDP per Capita, in Laos, when adjusted by Purchasing Power Parity is equivalent to 78 percent of the world's average. This dataset provides the latest reported value for - Laos GDP per capita PPP - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

PDB (Produk Domestik Bruto) di Laos tumbuh 4,20 persen pada kuartal keempat tahun 2023 dibandingkan dengan kuartal yang sama tahun sebelumnya. Nilai saat ini, data historis, perkiraan, statistik, grafik dan kalender ekonomi - Laos - Pertumbuhan PDB (y-on-y).

The gross domestic product (GDP) per capita in Laos was forecast to continuously decrease between 2024 and 2029 by in total 631.3 U.S. dollars (-32.46 percent). According to this forecast, in 2029, the GDP per capita will have decreased for the tenth consecutive year to 1,313.88 U.S. dollars. This indicator describes the gross domestic product per capita at current prices. Thereby the gross domestic product was first converted from national currency to U.S. dollars at current exchange prices and then divided by the total population. The gross domestic products is a measure of a country's productivity. It refers to the total value of goods and service produced during a given time period (here a year).Find more key insights for the gross domestic product (GDP) per capita in countries like Myanmar (Burma), Philippines, and Thailand.

The ratio of national debt to gross domestic product (GDP) in Laos was forecast to increase between 2024 and 2029 by in total 18.4 percentage points. This overall increase does not happen continuously, notably not in 2027. The ratio is estimated to amount to 126.73 percent in 2029. The general government gross debt consists of all liabilities that require payment or payments of interest and/or principal by the debtor to the creditor at a date or dates in the future. Here it is depicted in relation to the country's GDP, which refers to the total value of goods and services produced during a year.Find more key insights for the ratio of national debt to gross domestic product (GDP) in countries like Malaysia, Thailand, and Cambodia.

Key information about Laos External Debt: % of GDP

• Laos External Debt accounted for 74.2 % of the country's Nominal GDP in 2023, compared with the ratio of 69.7 % in the previous year.
• Laos External Debt: % of Nominal GDP data is updated yearly, available from Dec 1996 to Dec 2023.
• The data reached an all-time high of 101.0 % in Dec 1998 and a record low of 36.5 % in Dec 2011.

• In the latest reports of Laos, Current Account recorded a surplus of 64.4 USD mn in Sep 2024.
• Foreign Direct Investment (FDI) increased by 176.1 USD mn in Sep 2024.
• Its Foreign Portfolio Investment fell by 132.7 USD mn in Sep 2024.
• The country's External Debt reached 10,253.1 in Dec 2023.
• The country's Nominal GDP was reported at 15.4 USD bn in Dec 2022.

Le Laos a enregistré une dette publique par rapport au PIB de 74,15 % du produit intérieur brut du pays en 2023. Les valeurs actuelles, des données historiques, des prévisions, des statistiques, des tableaux et le calendrier économique - Laos - la dette publique au PIB.

GDP from Mining in Laos increased to 8791 LAK Billion in 2023 from 8596 LAK Billion in 2022. This dataset provides - Laos Gdp From Mining- actual values, historical data, forecast, chart, statistics, economic calendar and news.

The ratio of government expenditure to GDP in Laos was forecast to continuously increase between 2024 and 2029 by in total 0.3 percentage points. According to this forecast, in 2029, the ratio will have increased for the fourth consecutive year to 17.3 percent. This indicator depicts the general government expenditure as a share of the national gross domestic product. The International Monetary Fund defines the general government expenditure as consisting of total expense and the net acquisition of nonfinancial assets. The gross domestic product represents the total value of final goods and services produced during a year.Find more key insights for the ratio of government expenditure to GDP in countries like Vietnam, Cambodia, and Malaysia.

Key information about Laos Current Account Balance

• Laos Current Account recorded a surplus of 64.4 USD mn in Sep 2024, compared with a deficit of 172.6 USD mn in the previous quarter.
• Laos Current Account Balance: USD mn data is updated quarterly, available from Mar 1994 to Sep 2024, with an averaged value of -57.8 USD mn.
• The data reached an all-time high of 403.3 USD mn in Mar 2023 and a record low of -676.0 USD mn in Sep 2018.
• CEIC extends history for quarterly Current Account Balance. The Bank of the Lao PDR provides Current Account Balance in USD based on BPM6. Current Account Balance prior to Q1 2012 is based on BPM5 and prior to Q1 2004 sourced from the International Monetary Fund.
• Foreign Direct Investment (FDI) increased by 176.1 USD mn in Sep 2024.
• Its Foreign Portfolio Investment fell by 132.7 USD mn in Sep 2024.
• The country's Nominal GDP was reported at 15.4 USD bn in Dec 2022.

PDB dari Administrasi Publik di Laos meningkat menjadi 9189 Miliar LAK pada tahun 2023 dari 8760 Miliar LAK pada tahun 2022. Nilai saat ini, data historis, perkiraan, statistik, grafik dan kalender ekonomi - Laos - PDB dari Administrasi Publik.

Annual percentage growth rate of GDP at market prices based on constant local currency. Aggregates are based on constant 2010 U.S. dollars. GDP is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources.

In 2023, government revenue in Laos amounted to 14.6 percent of the nation's gross domestic product (GDP). This was a slight decrease from the previous year, in which the government revenue in Laos amounted to approximately 14.8 percent of the country's GDP.

This statistic shows the share of economic sectors in gross domestic product (GDP) in Laos from 2013 to 2023. In 2023, the share of agriculture in Laos' gross domestic product was 16.14 percent, industry contributed approximately 30.53 percent and the services sector contributed about 44 percent.

GDP from Utilities in Laos decreased to 18935 LAK Billion in 2023 from 18999 LAK Billion in 2022. This dataset provides - Laos Gdp From Utilities- actual values, historical data, forecast, chart, statistics, economic calendar and news.

GDP from Transport in Laos increased to 2877 LAK Billion in 2023 from 2443 LAK Billion in 2022. This dataset provides - Laos Gdp From Transport- actual values, historical data, forecast, chart, statistics, economic calendar and news.

The budget balance in relation to the GDP in Laos was forecast to continuously decrease between 2024 and 2029 by in total 0.3 percentage points. According to this forecast, in 2029, the budget balance will have decreased for the fourth consecutive year to -0.77 percent. The indicator describes the general government net lending/borrowing which is calculated as revenue minus total expenditure. The International Monetary Fund defines the general government expenditure as consisting of total expense and the net acquisition of nonfinancial assets. The general government revenue consists of the revenue from taxes, social contributions, grants receivable, and other revenue.Find more key insights for the budget balance in relation to the GDP in countries like Cambodia, Vietnam, and Singapore.

Key information about Laos External Debt

• Laos External Debt reached 10.3 USD bn in Dec 2023, compared with 10.5 USD bn in the previous year.
• Laos External Debt: USD mn data is updated yearly, available from Dec 1996 to Dec 2023.
• The data reached an all-time high of 10.7 USD bn in Dec 2020 and a record low of 769.6 USD mn in Dec 1996.

• In the latest reports of Laos, Current Account recorded a surplus of 64.4 USD mn in Sep 2024.
• Foreign Direct Investment (FDI) increased by 176.1 USD mn in Sep 2024.
• Its Foreign Portfolio Investment fell by 132.7 USD mn in Sep 2024.
• The country's Nominal GDP was reported at 15.4 USD bn in Dec 2022.

Os dados de Crescimento Nominal do PIB do Laos foram registrados em 23.128 % em 2023. Este é um registro de um aumento com relação aos números anteriores de 16.557 % em 2022. Os dados de Crescimento Nominal do PIB do Laos são atualizados anualmente, com uma média de 16.219 % em 1985 até 2023, com 39 observações. Os dados alcançaram um alto recorde de 144.631 % em 1999 e um baixo recorde de 6.309 % em 2020. Os dados de Crescimento Nominal do PIB do Laos permanecem com status ativo na CEIC e são reportados pela fonte: CEIC Data. Os dados são classificados sob o World Trend Plus’ Global Economic Monitor – Table: Nominal GDP: Y-o-Y Growth: Annual.