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.
Analysis
The most recent figure for annual growth rate of real gdp per capita in Lao People's Democratic Republic is 2.9%, measured in 2024.
That represents a change of 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 | Value | 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% |
Biggest year-on-year movements
Years where Annual growth rate of real GDP per capita 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 |
|---|---|---|---|
| 2007 | +756.0% | -2.5% | 16.4% |
| 2006 | -148.1% | 5.2% | -2.5% |
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
- Gross Domestic Product — Value US$, 2015 prices 22,420 million USD (2024)
- Gross Fixed Capital Formation — Value Standard Local Currency 78.08 million million SLC (2024)
- Gross Domestic Product — Annual growth US$ per capita, 2015 prices 2.85 % (2024)
- Gross Domestic Product — Annual growth US$, 2015 prices 4.26 % (2024)
- Gross Domestic Product — Annual growth US$ per capita -4.28 % (2024)
- Gross Domestic Product — Annual growth US$ -2.97 % (2024)
- Gross Domestic Product — Annual growth Standard Local Currency, 2015 4.26 % (2024)
- Gross Domestic Product — Annual growth Standard Local Currency 18.76 % (2024)
- Gross Domestic Product — Value Standard Local Currency, 2015 prices 182.22 million million SLC (2024)
- Gross Domestic Product — Value US$ per capita 1,874 USD (2024)
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.
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