Adjusted savings: education expenditure in Lao People's Democratic Republic
Lao People's Democratic Republic: Adjusted savings: education expenditure was 2.6% in 2021. ▲ Rising
Adjusted savings: education expenditure in Lao People's Democratic Republic, 1970–2021
Source: Staff estimates, World Bank (WB). Measured in % of GNI.
Analysis
The most recent figure for adjusted savings: education expenditure in Lao People's Democratic Republic is 2.6%, measured in 2021.
That represents a change of up 75.4% over ten years.
Over the whole period, adjusted savings: education expenditure in Lao People's Democratic Republic peaked at 2.9% in 2013 and was at its lowest, 0.9%, in 2000.
Lao People's Democratic Republic ranks 159th of 200 countries on this measure, in the bottom quarter.
The long-run direction has been consistently rising across the 52 years of available data.
Adjusted savings: education expenditure in Lao People's Democratic Republic, year by year
| Year | % of GNI | Change |
|---|---|---|
| 1970 | 1.8% | — |
| 1971 | 1.8% | +0.0% |
| 1972 | 1.8% | +0.0% |
| 1973 | 1.8% | +0.0% |
| 1974 | 1.8% | +0.0% |
| 1975 | 1.8% | +0.0% |
| 1976 | 1.8% | +0.0% |
| 1977 | 1.8% | +0.0% |
| 1978 | 1.8% | +0.0% |
| 1979 | 1.8% | +0.0% |
| 1980 | 1.8% | +0.0% |
| 1981 | 1.8% | +0.0% |
| 1982 | 1.8% | +0.0% |
| 1983 | 1.8% | +0.0% |
| 1984 | 1.8% | +0.0% |
| 1985 | 1.8% | +0.0% |
| 1986 | 1.8% | +0.0% |
| 1987 | 1.8% | +0.0% |
| 1988 | 1.8% | +0.0% |
| 1989 | 1.8% | +0.0% |
| 1990 | 1.8% | +0.0% |
| 1991 | 1.8% | +0.0% |
| 1992 | 1.8% | +0.0% |
| 1993 | 1.9% | +6.2% |
| 1994 | 1.9% | +0.0% |
| 1995 | 1.9% | -0.6% |
| 1996 | 2.1% | +10.5% |
| 1997 | 1.9% | -9.5% |
| 1998 | 1.4% | -28.1% |
| 1999 | 1.1% | -17.1% |
| 2000 | 0.9% | -20.6% |
| 2001 | 1.1% | +21.1% |
| 2002 | 1.2% | +8.3% |
| 2003 | 1.3% | +11.9% |
| 2004 | 1.5% | +10.6% |
| 2005 | 1.1% | -28.1% |
| 2006 | 1.1% | +5.4% |
| 2007 | 1.2% | +5.1% |
| 2008 | 1.2% | +4.8% |
| 2009 | 1.3% | +4.6% |
| 2010 | 1.5% | +16.9% |
| 2011 | 1.5% | -0.1% |
| 2012 | 1.4% | -5.5% |
| 2013 | 2.9% | +107.4% |
| 2014 | 2.6% | -10.5% |
| 2015 | 2.6% | +0.0% |
| 2016 | 2.6% | +0.0% |
| 2017 | 2.6% | +0.0% |
| 2018 | 2.6% | +0.0% |
| 2019 | 2.6% | +0.0% |
| 2020 | 2.6% | +0.0% |
| 2021 | 2.6% | +0.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 1.8% | 1.8% | 1.8% | 10 |
| 1980s | 1.8% | 1.8% | 1.8% | 10 |
| 1990s | 1.8% | 1.1% | 2.1% | 10 |
| 2000s | 1.2% | 0.9% | 1.5% | 10 |
| 2010s | 2.3% | 1.4% | 2.9% | 10 |
| 2020s | 2.6% | 2.6% | 2.6% | 2 |
Countries ranked near Lao People's Democratic Republic
More economy & growth data for Lao People's Democratic Republic
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 3.39 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 4.6 Percent per annum (2029)
- Final consumption expenditure (constant 2015 US$), per capita 1,869 constant 2015 US$ per person (2016)
- Gross national expenditure (current US$), annual growth rate 1.67 % change on previous year (2016)
- Gross national expenditure (current US$), per unit of GDP 1.09 current US$ per US$ of GDP (2016)
- Gross national expenditure (current US$), per capita 2,503 current US$ per person (2016)
- Gross national expenditure (current LCU), annual growth rate 1.63 % change on previous year (2016)
- Gross national expenditure (current LCU), per unit of GDP 8,829 current LCU per US$ of GDP (2016)
- Gross national expenditure (current LCU), per capita 20.34 million current LCU per person (2016)
- Gross national expenditure (constant 2015 US$), annual growth rate 4.56 % change on previous year (2016)
Frequently asked questions
- What is adjusted savings: education expenditure in Lao People's Democratic Republic?
- Adjusted savings: education expenditure in Lao People's Democratic Republic was 2.6% in 2021, according to Staff estimates, World Bank (WB).
- What is the highest adjusted savings: education expenditure recorded in Lao People's Democratic Republic?
- The highest recorded value was 2.9% in 2013.
- What is the lowest adjusted savings: education expenditure recorded in Lao People's Democratic Republic?
- The lowest recorded value was 0.9% in 2000.
- How does Lao People's Democratic Republic rank for adjusted savings: education expenditure?
- Lao People's Democratic Republic ranks 159th out of 200 countries with data for 2021.
- Is adjusted savings: education expenditure rising or falling in Lao People's Democratic Republic?
- Over the last ten years it is up 75.4%. The long-run trend across the full record is rising.
- Where does this Lao People's Democratic Republic data come from?
- The figures come from Staff estimates, World Bank (WB), published as part of Adjusted savings: education expenditure (% of GNI). Statizoid updates them automatically from the source API.
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About this data
Education expenditure refers to the current operating expenditures in education, including wages and salaries and excluding capital investments in buildings and equipment. This indicator is expressed as a percentage of Gross National Income (GNI) which is the total income earned by all residents within an economic territory during an accounting period. It is equal to gross domestic product plus earned income receivable from abroad minus earned income payable abroad.