Adjusted savings: gross savings in Lao People's Democratic Republic
Lao People's Democratic Republic: Adjusted savings: gross savings was 18.4% in 2016. ◆ Volatile
Adjusted savings: gross savings in Lao People's Democratic Republic, 1984–2016
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in % of GNI.
Analysis
In 2016, adjusted savings: gross savings in Lao People's Democratic Republic stood at 18.4%.
Compared with earlier readings it is up 63.9% on the previous year and down 22.8% over ten years.
Over the whole period, adjusted savings: gross savings in Lao People's Democratic Republic peaked at 23.9% in 2006 and was at its lowest, -0.6%, in 1988.
Lao People's Democratic Republic ranks 115th of 178 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Adjusted savings: gross savings in Lao People's Democratic Republic, year by year
| Year | % of GNI | Change |
|---|---|---|
| 1984 | 5.0% | — |
| 1985 | 3.4% | -31.8% |
| 1986 | 4.6% | +33.7% |
| 1987 | 4.7% | +4.0% |
| 1988 | -0.6% | -112.9% |
| 2000 | 8.9% | -1551.2% |
| 2001 | 1.5% | -83.7% |
| 2002 | 19.1% | +1211.7% |
| 2003 | 11.2% | -41.3% |
| 2004 | 15.4% | +37.2% |
| 2005 | 20.7% | +35.1% |
| 2006 | 23.9% | +15.1% |
| 2007 | 19.8% | -17.0% |
| 2008 | 14.7% | -25.8% |
| 2009 | 17.1% | +16.2% |
| 2010 | 10.3% | -39.6% |
| 2011 | 19.7% | +91.1% |
| 2012 | 7.3% | -63.0% |
| 2013 | 6.0% | -17.3% |
| 2014 | 10.6% | +76.1% |
| 2015 | 11.2% | +5.7% |
| 2016 | 18.4% | +63.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 3.4% | -0.6% | 5.0% | 5 |
| 2000s | 15.2% | 1.5% | 23.9% | 10 |
| 2010s | 12.0% | 6.0% | 19.7% | 7 |
Countries ranked near Lao People's Democratic Republic
- 112 Congo 19.1% compare
- 113 Oman 18.8% compare
- 114 New Zealand 18.8% compare
- 116 Solomon Islands 18.2% compare
- 117 El Salvador 18.1% compare
- 118 Brazil 17.9% compare
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)
- Exports of goods and services (current LCU), annual growth rate 7.85 % change on previous year (2016)
- Exports of goods and services (current LCU), per unit of GDP 2,698 current LCU per US$ of GDP (2016)
- Exports of goods and services (current LCU), per capita 6.21 million current LCU per person (2016)
- Exports of goods and services (constant 2015 US$), annual growth rate 10.46 % change on previous year (2016)
- Exports of goods and services (constant 2015 US$), per unit of GDP 0.34 constant 2015 US$ per US$ of GDP (2016)
- Exports of goods and services (constant 2015 US$), per capita 783.11 constant 2015 US$ per person (2016)
- Gross fixed capital formation (current US$), annual growth rate 1.39 % change on previous year (2016)
- Gross fixed capital formation (current US$), per unit of GDP 0.2901 current US$ per US$ of GDP (2016)
Frequently asked questions
- What is adjusted savings: gross savings in Lao People's Democratic Republic?
- Adjusted savings: gross savings in Lao People's Democratic Republic was 18.4% in 2016, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest adjusted savings: gross savings recorded in Lao People's Democratic Republic?
- The highest recorded value was 23.9% in 2006.
- What is the lowest adjusted savings: gross savings recorded in Lao People's Democratic Republic?
- The lowest recorded value was -0.6% in 1988.
- How does Lao People's Democratic Republic rank for adjusted savings: gross savings?
- Lao People's Democratic Republic ranks 115th out of 178 countries with data for 2016.
- Is adjusted savings: gross savings rising or falling in Lao People's Democratic Republic?
- Over the last ten years it is down 22.8%. The long-run trend across the full record is volatile.
- Where does this Lao People's Democratic Republic data come from?
- The figures come from Country official statistics, National Statistical Organizations and/or Central Banks, published as part of Adjusted savings: gross savings (% of GNI). Statizoid updates them automatically from the source API.
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About this data
Gross savings are the difference between gross national income and public and private consumption, plus net current transfers. 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.