Annual GDP growth in Lao People's Democratic Republic
Lao People's Democratic Republic: Annual GDP growth was 4.1% in 2024. ▼ Falling
Latest (2024)
4.1%
Change on year
up 10.3%
World rank
70th
of 228 countries
All-time high
8.6%
in 2006
All-time low
0.5%
in 2020
Years of data
25
2000–2024
Annual GDP growth in Lao People's Democratic Republic, 2000–2024
Source: United Nations Statistics Division, SDG Global Database. Measured in %.
Analysis
Lao People's Democratic Republic recorded 4.1% for annual gdp growth in 2024.
The figure is up 10.3% on the previous year and down 45.7% over ten years.
Over the whole period, annual gdp growth in Lao People's Democratic Republic peaked at 8.6% in 2006 and was at its lowest, 0.5%, in 2020.
Lao People's Democratic Republic ranks 70th of 228 countries on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 25 years of available data.
Annual GDP growth in Lao People's Democratic Republic, year by year
| Year | % | Change |
|---|---|---|
| 2000 | 5.8% | — |
| 2001 | 5.8% | -0.8% |
| 2002 | 5.9% | +2.9% |
| 2003 | 6.1% | +2.5% |
| 2004 | 6.4% | +4.8% |
| 2005 | 7.1% | +11.8% |
| 2006 | 8.6% | +21.3% |
| 2007 | 7.6% | -11.9% |
| 2008 | 7.8% | +3.0% |
| 2009 | 7.5% | -4.1% |
| 2010 | 8.5% | +13.7% |
| 2011 | 8.0% | -5.7% |
| 2012 | 8.0% | -0.2% |
| 2013 | 8.0% | +0.0% |
| 2014 | 7.6% | -5.2% |
| 2015 | 7.3% | -4.5% |
| 2016 | 7.0% | -3.4% |
| 2017 | 6.9% | -1.9% |
| 2018 | 6.2% | -9.4% |
| 2019 | 5.5% | -12.6% |
| 2020 | 0.5% | -90.8% |
| 2021 | 2.5% | +402.6% |
| 2022 | 2.7% | +7.1% |
| 2023 | 3.7% | +38.3% |
| 2024 | 4.1% | +10.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 6.9% | 5.8% | 8.6% | 10 |
| 2010s | 7.3% | 5.5% | 8.5% | 10 |
| 2020s | 2.7% | 0.5% | 4.1% | 5 |
Countries ranked near Lao People's Democratic Republic
- 67 Madagascar 4.2% compare
- 68 Chad 4.2% compare
- 69 Guinea-Bissau 4.1% compare
- 70 Lao People's Democratic Republic 4.1% compare
- 72 Burundi 4.1% compare
- 73 Somalia 4.1% 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)
- 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)
Frequently asked questions
- What is annual gdp growth in Lao People's Democratic Republic?
- Annual gdp growth in Lao People's Democratic Republic was 4.1% in 2024, according to United Nations Statistics Division, SDG Global Database.
- What is the highest annual gdp growth recorded in Lao People's Democratic Republic?
- The highest recorded value was 8.6% in 2006.
- What is the lowest annual gdp growth recorded in Lao People's Democratic Republic?
- The lowest recorded value was 0.5% in 2020.
- How does Lao People's Democratic Republic rank for annual gdp growth?
- Lao People's Democratic Republic ranks 70th out of 228 countries with data for 2024.
- Is annual gdp growth rising or falling in Lao People's Democratic Republic?
- Over the last ten years it is down 45.7%. 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 United Nations Statistics Division, SDG Global Database, published as part of Annual GDP growth (%). Statizoid updates them automatically from the source API.
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