Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP in Lao People's Democratic Republic
Lao People's Democratic Republic: Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP was 4.6 Percent per annum in 2029. ▼ Falling
Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP in Lao People's Democratic Republic, 1990–2029
Source: Organisation for Economic Co-operation and Development. Measured in Percent per annum.
Analysis
Lao People's Democratic Republic recorded 4.6 Percent per annum for africa's development dynamics (afdd) table 02 - annual real gdp in 2029.
Compared with earlier readings it is up 3.6% on the previous year and down 1.2% over ten years.
Over the whole period, africa's development dynamics (afdd) table 02 - annual real gdp in Lao People's Democratic Republic peaked at 8.95 Percent per annum in 2006 and was at its lowest, -0.435 Percent per annum, in 2020.
That places Lao People's Democratic Republic 36th out of 166 countries with data for 2029, putting it in the top quarter.
The long-run direction has been consistently falling across the 40 years of available data.
Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP in Lao People's Democratic Republic, year by year
| Year | Percent per annum | Change |
|---|---|---|
| 1990 | 6.69 Percent per annum | — |
| 1991 | 4 Percent per annum | -40.2% |
| 1992 | 7 Percent per annum | +75.0% |
| 1993 | 5.87 Percent per annum | -16.2% |
| 1994 | 8.16 Percent per annum | +39.1% |
| 1995 | 7.04 Percent per annum | -13.7% |
| 1996 | 6.89 Percent per annum | -2.2% |
| 1997 | 6.91 Percent per annum | +0.2% |
| 1998 | 4.28 Percent per annum | -38.0% |
| 1999 | 4.03 Percent per annum | -5.9% |
| 2000 | 6.43 Percent per annum | +59.6% |
| 2001 | 4.77 Percent per annum | -25.8% |
| 2002 | 6.81 Percent per annum | +42.7% |
| 2003 | 6.18 Percent per annum | -9.2% |
| 2004 | 7.19 Percent per annum | +16.3% |
| 2005 | 6.94 Percent per annum | -3.4% |
| 2006 | 8.95 Percent per annum | +29.0% |
| 2007 | 7.85 Percent per annum | -12.3% |
| 2008 | 7.82 Percent per annum | -0.4% |
| 2009 | 7.37 Percent per annum | -5.7% |
| 2010 | 8.02 Percent per annum | +8.8% |
| 2011 | 7.99 Percent per annum | -0.4% |
| 2012 | 7.81 Percent per annum | -2.3% |
| 2013 | 8.03 Percent per annum | +2.8% |
| 2014 | 7.61 Percent per annum | -5.2% |
| 2015 | 7.27 Percent per annum | -4.5% |
| 2016 | 7.02 Percent per annum | -3.4% |
| 2017 | 6.85 Percent per annum | -2.4% |
| 2018 | 6.29 Percent per annum | -8.2% |
| 2019 | 4.65 Percent per annum | -26.0% |
| 2020 | -0.435 Percent per annum | -109.4% |
| 2021 | 2.06 Percent per annum | -573.9% |
| 2022 | 2.25 Percent per annum | +9.3% |
| 2023 | 3.7 Percent per annum | +64.1% |
| 2024 | 3.97 Percent per annum | +7.4% |
| 2025 | 3.97 Percent per annum | +0.1% |
| 2026 | 4.08 Percent per annum | +2.6% |
| 2027 | 4.24 Percent per annum | +3.9% |
| 2028 | 4.44 Percent per annum | +4.7% |
| 2029 | 4.6 Percent per annum | +3.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 6.09 Percent per annum | 4 Percent per annum | 8.16 Percent per annum | 10 |
| 2000s | 7.03 Percent per annum | 4.77 Percent per annum | 8.95 Percent per annum | 10 |
| 2010s | 7.15 Percent per annum | 4.65 Percent per annum | 8.03 Percent per annum | 10 |
| 2020s | 3.29 Percent per annum | -0.435 Percent per annum | 4.6 Percent per annum | 10 |
Countries ranked near Lao People's Democratic Republic
- 33 Zambia 4.92 Percent per annum compare
- 33 Timor-Leste 3 Percent per annum compare
- 34 Slovenia 2.7 Percent per annum compare
- 34 Mali 4.9 Percent per annum compare
- 35 Malawi 4.6 Percent per annum compare
- 37 Latvia 2.49 Percent per annum compare
- 37 United Arab Emirates 4.54 Percent per annum compare
- 38 Sierra Leone 4.53 Percent per annum compare
- 39 Lithuania 2.23 Percent per annum compare
- 39 Cameroon 4.53 Percent per annum 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)
- Gross capital formation (constant 2015 US$), annual growth rate 7 % change on previous year (2016)
- Gross capital formation (constant 2015 US$), per unit of GDP 0.3061 constant 2015 US$ per US$ of GDP (2016)
- Gross capital formation (constant 2015 US$), per capita 705.07 constant 2015 US$ per person (2016)
- Imports of goods and services (current US$), annual growth rate -10.9 % change on previous year (2016)
- Imports of goods and services (current US$), per unit of GDP 0.4188 current US$ per US$ of GDP (2016)
- Imports of goods and services (current US$), per capita 964.65 current US$ per person (2016)
- Imports of goods and services (current LCU), annual growth rate -10.93 % change on previous year (2016)
- Imports of goods and services (current LCU), per unit of GDP 3,403 current LCU per US$ of GDP (2016)
- Imports of goods and services (current LCU), per capita 7.84 million current LCU per person (2016)
Frequently asked questions
- What is africa's development dynamics (afdd) table 02 - annual real gdp in Lao People's Democratic Republic?
- Africa's development dynamics (afdd) table 02 - annual real gdp in Lao People's Democratic Republic was 4.6 Percent per annum in 2029, according to Organisation for Economic Co-operation and Development.
- What is the highest africa's development dynamics (afdd) table 02 - annual real gdp recorded in Lao People's Democratic Republic?
- The highest recorded value was 8.95 Percent per annum in 2006.
- What is the lowest africa's development dynamics (afdd) table 02 - annual real gdp recorded in Lao People's Democratic Republic?
- The lowest recorded value was -0.435 Percent per annum in 2020.
- How does Lao People's Democratic Republic rank for africa's development dynamics (afdd) table 02 - annual real gdp?
- Lao People's Democratic Republic ranks 36th out of 166 countries with data for 2029.
- Is africa's development dynamics (afdd) table 02 - annual real gdp rising or falling in Lao People's Democratic Republic?
- Over the last ten years it is down 1.2%. The long-run trend across the full record is falling.
- Where does this Lao People's Democratic Republic data come from?
- The figures come from Organisation for Economic Co-operation and Development, published as part of Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP growth rate — Growth rate of real gross domestic product. Statizoid updates them automatically from the source API.
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About this data
The Statistical Annex to the annual Africa's Development Dynamics (AFDD) report is a collection of development indicators that were gathered and analysed while conducting the research that went into the report. These data are also available online for free viewing or download at https://oe.cd/AFDD-2024, a bilingual website which links to the electronic version of the Africa's Development Dynamics book in both English and French. Table 2 shows the full time series of annual real GDP growth, up to present, and including projected real GDP growth rates over the next five years.