Lao People's Democratic Republic vs Latvia: GDP, PPP
GDP, PPP over time
- Lao People's Democratic Republic
- Latvia
How they compare
Latvia currently reports 85.25 billion current international $ against 81.75 billion current international $ in Lao People's Democratic Republic, a difference of 3.50 billion current international $.
The two have swapped places 2 times across 36 shared years of data; in 1990 it was Latvia ahead.
Lao People's Democratic Republic ranks 113th and Latvia ranks 111th of 203 countries.
Latvia has averaged higher in every one of the 4 decades both report.
Head to head by decade
| Decade | Lao People's Democratic Republic | Latvia | Difference | Ahead |
|---|---|---|---|---|
| 1990s | 6.48 billion current international $ | 15.18 billion current international $ | 8.70 billion current international $ | Latvia |
| 2000s | 14.88 billion current international $ | 27.74 billion current international $ | 12.86 billion current international $ | Latvia |
| 2010s | 40.23 billion current international $ | 45.53 billion current international $ | 5.30 billion current international $ | Latvia |
| 2020s | 68.95 billion current international $ | 75.95 billion current international $ | 7.00 billion current international $ | Latvia |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher gdp, ppp, Lao People's Democratic Republic or Latvia?
- Latvia, at 85.25 billion current international $ against 81.75 billion current international $ in Lao People's Democratic Republic as of 2025.
- What is the difference in gdp, ppp between Lao People's Democratic Republic and Latvia?
- 3.50 billion current international $, with Latvia ahead.
- How many years of comparable data are there for Lao People's Democratic Republic and Latvia?
- 36 years are reported by both, from 1990 to 2025.
- How do Lao People's Democratic Republic and Latvia rank globally for gdp, ppp?
- Lao People's Democratic Republic ranks 113th and Latvia ranks 111th of 203 countries.
- Where does this data come from?
- International Comparison Program (ICP), World Bank (WB), published as GDP, PPP (current international $). Statizoid refreshes it automatically from the source and publishes the full history for both places.
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About this data
This indicator provides values for gross domestic product (GDP) expressed in current international dollars, converted by purchasing power parities (PPPs). PPPs account for the different price levels across countries and thus PPP-based comparisons of economic output are more appropriate for comparing the output of economies and the average material well-being of their inhabitants than exchange-rate based comparisons. Gross domestic product is the total income earned through the production of goods and services in an economic territory during an accounting period. It can be measured in three different ways: using either the expenditure approach, the income approach, or the production approach. This series has been linked to produce a consistent time series to counteract breaks in series over time due to changes in base years, source data and methodologies. Thus, it may not be comparable with other national accounts series in the database for historical years. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. The PPP conversion factor is a currency conversion factor and a spatial price deflator. PPPs convert different currencies to a common currency and, in the process of conversion, equalize their purchasing power by eliminating the differences in price levels between countries, thereby allowing volume or output comparisons of GDP and its expenditure components.