Lao People's Democratic Republic vs Russian Federation: Gross domestic income
Gross domestic income over time
- Lao People's Democratic Republic
- Russian Federation
How they compare
Lao People's Democratic Republic currently reports 111.73 trillion constant LCU against 103.56 trillion constant LCU in Russian Federation, a difference of 8.16 trillion constant LCU.
That makes Lao People's Democratic Republic's figure about 1.1 times Russian Federation's.
The two have swapped places 1 time across 17 shared years of data; in 2000 it was Russian Federation ahead.
Lao People's Democratic Republic ranks 16th and Russian Federation ranks 17th of 179 countries.
Russian Federation has averaged higher in every one of the 2 decades both report.
Head to head by decade
| Decade | Lao People's Democratic Republic | Russian Federation | Difference | Ahead |
|---|---|---|---|---|
| 2000s | 44.34 trillion constant LCU | 67.52 trillion constant LCU | 23.18 trillion constant LCU | Russian Federation |
| 2010s | 88.49 trillion constant LCU | 93.29 trillion constant LCU | 4.80 trillion constant LCU | Russian Federation |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher gross domestic income, Lao People's Democratic Republic or Russian Federation?
- Lao People's Democratic Republic, at 111.73 trillion constant LCU against 103.56 trillion constant LCU in Russian Federation as of 2016.
- What is the difference in gross domestic income between Lao People's Democratic Republic and Russian Federation?
- 8.16 trillion constant LCU, with Lao People's Democratic Republic ahead.
- How many years of comparable data are there for Lao People's Democratic Republic and Russian Federation?
- 17 years are reported by both, from 2000 to 2016.
- How do Lao People's Democratic Republic and Russian Federation rank globally for gross domestic income?
- Lao People's Democratic Republic ranks 16th and Russian Federation ranks 17th of 179 countries.
- Where does this data come from?
- Country official statistics, National Statistical Organizations and/or Central Banks, published as Gross domestic income (constant LCU). Statizoid refreshes it automatically from the source and publishes the full history for both places.
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About this data
Real gross domestic income (real GDI) measures the purchasing power of the total incomes generated by domestic production. It is a concept that exists in real terms only. When the terms of trade change there may be a significant divergence between the movements of GDP in volume terms and real GDI. The difference between the change in GDP in volume terms and real GDI is generally described as the “trading gain” (or loss) or, to turn this round, the trading gain or loss from changes in the terms of trade is the difference between real GDI and GDP in volume terms. This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment varies by country. This series is expressed in local currency units.