Annual growth of imports of goods and services in Lao People's Democratic Republic
Lao People's Democratic Republic: Annual growth of imports of goods and services was 4.5% in 2016. ◆ Volatile
Annual growth of imports of goods and services in Lao People's Democratic Republic, 2001–2016
Source: World Bank – processed by Our World in Data. Measured in %.
Analysis
The most recent figure for annual growth of imports of goods and services in Lao People's Democratic Republic is 4.5%, measured in 2016.
The figure is up 12.3% on the previous year and down 75.3% over ten years.
Over the whole period, annual growth of imports of goods and services in Lao People's Democratic Republic peaked at 31.1% in 2004 and was at its lowest, -2.1%, in 2002.
Lao People's Democratic Republic ranks 80th of 176 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.
Annual growth of imports of goods and services in Lao People's Democratic Republic, year by year
| Year | % | Change |
|---|---|---|
| 2001 | 7.4% | — |
| 2002 | -2.1% | -128.4% |
| 2003 | 2.7% | -229.5% |
| 2004 | 31.1% | +1044.5% |
| 2005 | 16.2% | -47.9% |
| 2006 | 18.4% | +13.6% |
| 2007 | 15.8% | -14.4% |
| 2008 | 21.9% | +38.5% |
| 2009 | 9.4% | -56.8% |
| 2010 | 9.2% | -2.2% |
| 2011 | 17.1% | +85.1% |
| 2012 | 31.0% | +81.5% |
| 2013 | 13.4% | -56.8% |
| 2014 | 2.5% | -81.4% |
| 2015 | 4.0% | +62.7% |
| 2016 | 4.5% | +12.3% |
Lao People's Democratic Republic compared with similar countries
- Lao People's Democratic Republic's 4.5% is above the median for lower middle income countries, which is 3.6%, 1.3× the median. (44 countries reporting)
- Lao People's Democratic Republic's 4.5% is below the median for East Asia & Pacific, which is 6.3%, 72% of the median. (28 countries reporting)
Biggest year-on-year movements
Years where Annual growth of imports of goods and services in Lao People's Democratic Republic changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2004 | +1044.5% | 2.7% | 31.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 13.4% | -2.1% | 31.1% | 9 |
| 2010s | 11.7% | 2.5% | 31.0% | 7 |
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)
- Foreign direct investment, net outflows (BoP, current US$), gaps 6,670 BoP, current US$ (2022)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0 BoP, current US$ per US$ of GDP (2022)
- Foreign direct investment, net outflows (BoP, current US$), per capita 0.0009 BoP, current US$ per person (2022)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 988.46 million BoP, current US$ (2024)
- Foreign direct investment, net inflows (BoP, current US$), annual -44.51 % change on previous year (2024)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0599 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net inflows (BoP, current US$), per capita 127.22 BoP, current US$ per person (2024)
- Total reserves (includes gold, current US$), annual growth rate 25.05 % change on previous year (2024)
Frequently asked questions
- What is annual growth of imports of goods and services in Lao People's Democratic Republic?
- Annual growth of imports of goods and services in Lao People's Democratic Republic was 4.5% in 2016, according to World Bank – processed by Our World in Data.
- What is the highest annual growth of imports of goods and services recorded in Lao People's Democratic Republic?
- The highest recorded value was 31.1% in 2004.
- What is the lowest annual growth of imports of goods and services recorded in Lao People's Democratic Republic?
- The lowest recorded value was -2.1% in 2002.
- How does Lao People's Democratic Republic rank for annual growth of imports of goods and services?
- Lao People's Democratic Republic ranks 80th out of 176 countries with data for 2016.
- Is annual growth of imports of goods and services rising or falling in Lao People's Democratic Republic?
- Over the last ten years it is down 75.3%. 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 World Bank – processed by Our World in Data, published as part of Annual growth of imports of goods and services. Statizoid updates them automatically from the source API.
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About this data
Annual growth of imports of goods and services (%).