Annual growth rate of real GDP per capita in Lao People's Democratic Republic
Lao People's Democratic Republic: Annual growth rate of real GDP per capita was 2.9% in 2024. ◆ Volatile
Annual growth rate of real GDP per capita 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 2.9% for annual growth rate of real gdp per capita in 2024.
Compared with earlier readings it is up 3.6% on the previous year and down 52.5% over ten years.
Over the whole period, annual growth rate of real gdp per capita in Lao People's Democratic Republic peaked at 16.4% in 2007 and was at its lowest, -2.5%, in 2006.
Lao People's Democratic Republic ranks 84th of 226 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 rate of real GDP per capita in Lao People's Democratic Republic, year by year
| Year | % | Change |
|---|---|---|
| 2000 | 4.0% | — |
| 2001 | 4.0% | +0.0% |
| 2002 | 5.2% | +30.0% |
| 2003 | 4.6% | -11.5% |
| 2004 | 5.5% | +19.6% |
| 2005 | 5.2% | -5.5% |
| 2006 | -2.5% | -148.1% |
| 2007 | 16.4% | -756.0% |
| 2008 | 6.2% | -62.2% |
| 2009 | 5.9% | -4.8% |
| 2010 | 6.6% | +11.9% |
| 2011 | 6.5% | -1.5% |
| 2012 | 6.4% | -1.5% |
| 2013 | 6.5% | +1.6% |
| 2014 | 6.1% | -6.2% |
| 2015 | 5.7% | -6.6% |
| 2016 | 5.4% | -5.3% |
| 2017 | 5.2% | -3.7% |
| 2018 | 4.7% | -9.6% |
| 2019 | 3.9% | -17.0% |
| 2020 | 1.7% | -56.4% |
| 2021 | 2.0% | +17.6% |
| 2022 | 3.0% | +50.0% |
| 2023 | 2.8% | -6.7% |
| 2024 | 2.9% | +3.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 5.5% | -2.5% | 16.4% | 10 |
| 2010s | 5.7% | 3.9% | 6.6% | 10 |
| 2020s | 2.5% | 1.7% | 3.0% | 5 |
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)
- Total reserves minus gold (current US$), annual growth rate 25.05 % change on previous year (2024)
- Total reserves minus gold (current US$), per unit of GDP 0.1341 current US$ per US$ of GDP (2024)
- Total reserves minus gold (current US$), per capita 284.82 current US$ per person (2024)
- General government final consumption expenditure (current US$) 2.01 % change on previous year (2016)
- General government final consumption expenditure (current US$), per 0.1397 current US$ per US$ of GDP (2016)
- General government final consumption expenditure (current US$), per 321.78 current US$ per person (2016)
- General government final consumption expenditure (current LCU) 1.97 % change on previous year (2016)
- General government final consumption expenditure (current LCU), per 1,135 current LCU per US$ of GDP (2016)
Frequently asked questions
- What is annual growth rate of real gdp per capita in Lao People's Democratic Republic?
- Annual growth rate of real gdp per capita in Lao People's Democratic Republic was 2.9% in 2024, according to United Nations Statistics Division, SDG Global Database.
- What is the highest annual growth rate of real gdp per capita recorded in Lao People's Democratic Republic?
- The highest recorded value was 16.4% in 2007.
- What is the lowest annual growth rate of real gdp per capita recorded in Lao People's Democratic Republic?
- The lowest recorded value was -2.5% in 2006.
- How does Lao People's Democratic Republic rank for annual growth rate of real gdp per capita?
- Lao People's Democratic Republic ranks 84th out of 226 countries with data for 2024.
- Is annual growth rate of real gdp per capita rising or falling in Lao People's Democratic Republic?
- Over the last ten years it is down 52.5%. 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 United Nations Statistics Division, SDG Global Database, published as part of Annual growth rate of real GDP per capita (%). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 25 observations, free to reuse under UN SDG Global Database (open, attribution requested).