Laos vs Somalia: Gross Domestic Product — Value Standard Local Currency
Gross Domestic Product — Value Standard Local Currency over time
- Laos
- Somalia
How they compare
Laos currently reports 315.28 million million SLC against 303.90 million million SLC in Somalia, a difference of 11.38 million million SLC.
The two have swapped places 3 times across 55 shared years of data; in 1970 it was Somalia ahead.
Laos ranks 12th and Somalia ranks 15th of 218 countries.
Somalia has averaged higher in every one of the 6 decades both report.
Head to head by decade
| Decade | Laos | Somalia | Difference | Ahead |
|---|---|---|---|---|
| 1970s | 809.81 million SLC | 4,897 million SLC | 4,087 million SLC | Somalia |
| 1980s | 114,702 million SLC | 143,415 million SLC | 28,714 million SLC | Somalia |
| 1990s | 2.52 million million SLC | 10.53 million million SLC | 8.02 million million SLC | Somalia |
| 2000s | 31.38 million million SLC | 62.09 million million SLC | 30.71 million million SLC | Somalia |
| 2010s | 111.65 million million SLC | 138.47 million million SLC | 26.82 million million SLC | Somalia |
| 2020s | 230.85 million million SLC | 251.70 million million SLC | 20.85 million million SLC | Somalia |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher gross domestic product — value standard local currency, Laos or Somalia?
- Laos, at 315.28 million million SLC against 303.90 million million SLC in Somalia as of 2024.
- What is the difference in gross domestic product — value standard local currency between Laos and Somalia?
- 11.38 million million SLC, with Laos ahead.
- How many years of comparable data are there for Laos and Somalia?
- 55 years are reported by both, from 1970 to 2024.
- How do Laos and Somalia rank globally for gross domestic product — value standard local currency?
- Laos ranks 12th and Somalia ranks 15th of 218 countries.
- Where does this data come from?
- Food and Agriculture Organization of the United Nations, published as Gross Domestic Product — Value Standard Local Currency. Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
The FAOSTAT Macro Indicators database provides a selection of country-level macro indicators relating to total economy (Gross Domestic Product, Gross Fixed Capital Formation); agriculture activity; agriculture, forestry and fishing activity; total manufacturing activity; manufacturing of food products and beverages activity; manufacturing activity of tobacco products; and manufacturing activity of food, beverage and tobacco products.It releases time series for a selection of National Accounts variables, including gross domestic product, gross fixed capital formation, industry-level value added and gross output. The database also proposes additional indicators such as gross domestic product per capita, year-on-year growth rates and measures of industry contribution to gross domestic product. All data relating to Gross Domestic Product, Gross Fixed Capital Formation, agriculture, forestry and fishing activity, and to total manufacturing activity originates from the United Nations Statistics Division (UNSD) National Accounts Estimates of Main Aggregates database, which consists of a complete and consistent set of time series of the main National Accounts aggregates of all UN Members States and other territories in the world for which National Accounts information is available. The UNSD database's content is based on the countries' official National Accounts data reported to UNSD through the annual National Accounts Questionnaire, supplemented with data estimates for any years and countries with incomplete or inconsistent information (See http://unstats.un.org/unsd/snaama/Introduction.asp). Data series relating to the sub-industry Agriculture activity are obtained from the UNSD national accounts Official Country Data databases while series on the Manufacturing activity of food and beverages products, manufacturing activity of tobacco products and manufacturing activity of food, beverages and tobacco products originates from the United Nations Industrial Development Organization (UNIDO) INDSTAT2 database. In order to ensure that sub-industry series are consistent in levels with National Accounts based series, which is needed to support comparability across industries (agriculture vs. agro-industry and sub-industries), UNIDO originating series are rescaled on UNSD National Accounts Estimates of Main Aggregates data series (See Section 17.5 for a more detailed description of the data processing steps).