Balanced trade in services in Lao People's Democratic Republic
Lao People's Democratic Republic: Balanced trade in services was 0.3765 US dollars, exchange rate converted in 2024. ◆ Volatile
Balanced trade in services in Lao People's Democratic Republic, 2005–2024
Source: Organisation for Economic Co-operation and Development. Measured in US dollars, exchange rate converted.
Analysis
Lao People's Democratic Republic recorded 0.3765 US dollars, exchange rate converted for balanced trade in services in 2024.
That represents a change of up 34.2% on the previous year and down 4.7% over ten years.
Over the whole period, balanced trade in services in Lao People's Democratic Republic peaked at 0.4206 US dollars, exchange rate converted in 2018 and was at its lowest, 0.038 US dollars, exchange rate converted, in 2005.
That places Lao People's Democratic Republic 154th out of 174 countries with data for 2024, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 0.0523 US dollars, exchange rate converted | 0.038 US dollars, exchange rate converted | 0.072 US dollars, exchange rate converted | 5 |
| 2010s | 0.3234 US dollars, exchange rate converted | 0.1189 US dollars, exchange rate converted | 0.4206 US dollars, exchange rate converted | 10 |
| 2020s | 0.224 US dollars, exchange rate converted | 0.1134 US dollars, exchange rate converted | 0.3765 US dollars, exchange rate converted | 5 |
Countries ranked near Lao People's Democratic Republic
- 151 Montenegro 0.3884 US dollars, exchange rate converted compare
- 152 Togo 0.3782 US dollars, exchange rate converted compare
- 153 Saint Vincent and the Grenadines 0.3774 US dollars, exchange rate converted compare
- 155 Faroe Islands 0.3741 US dollars, exchange rate converted compare
- 156 Burundi 0.3683 US dollars, exchange rate converted compare
- 157 Sierra Leone 0.3375 US dollars, exchange rate converted 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)
- Taxes less subsidies on products (current US$), annual growth rate 10.91 % change on previous year (2025)
- Taxes less subsidies on products (current US$), per unit of GDP 0.1065 current US$ per US$ of GDP (2025)
- Taxes less subsidies on products (current US$), per capita 247.52 current US$ per person (2025)
- Taxes less subsidies on products (current LCU), annual growth rate 12.43 % change on previous year (2025)
- Taxes less subsidies on products (current LCU), per unit of GDP 2,177 current LCU per US$ of GDP (2025)
- Taxes less subsidies on products (current LCU), per capita 5.06 million current LCU per person (2025)
- Special drawing rights per domestic currency (End-of-period (EoP)) 0 (2025)
- Domestic currency per Special drawing rights (End-of-period (EoP)) 27,924 (2025)
Frequently asked questions
- What is balanced trade in services in Lao People's Democratic Republic?
- Balanced trade in services in Lao People's Democratic Republic was 0.3765 US dollars, exchange rate converted in 2024, according to Organisation for Economic Co-operation and Development.
- What is the highest balanced trade in services recorded in Lao People's Democratic Republic?
- The highest recorded value was 0.4206 US dollars, exchange rate converted in 2018.
- What is the lowest balanced trade in services recorded in Lao People's Democratic Republic?
- The lowest recorded value was 0.038 US dollars, exchange rate converted in 2005.
- How does Lao People's Democratic Republic rank for balanced trade in services?
- Lao People's Democratic Republic ranks 154th out of 174 countries with data for 2024.
- Is balanced trade in services rising or falling in Lao People's Democratic Republic?
- Over the last ten years it is down 4.7%. 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 Organisation for Economic Co-operation and Development, published as part of Balanced trade in services (BaTIS). Statizoid updates them automatically from the source API.
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About this data
The OECD-WTO Balanced Trade in Services (BaTIS) dataset is a complete, consistent, and balanced matrix of international trade in services statistics (ITSS). It contains annual bilateral data covering 202 reporters and partners, broken down by total services and 26 EBOPS 2010 (BPM6) categories from 2005 to 2024. BaTIS is the result of joint efforts by the OECD and WTO. Two main features enable BaTIS to stand out as the international benchmark for any analysis on international trade in services: BaTIS is complete and consistent. At present, only around 65% of world trade in services is bilaterally specified, and the percentage is even lower for the individual service categories. The OECD-WTO methodology leverages all available official statistics and combines them with estimations and adjustments to provide users with a complete matrix covering virtually all economies in the world. BaTIS is balanced. To resolve the asymmetries between reported and mirror flows, exports and imports are reconciled by calculating a symmetry-index weighted average between the two, following a similar approach to that developed for international merchandise trade statistics. Batis provides three measures for each trade flow (under the ‘adjustment’ dimension): Reported. Reflects the value officially reported by the country (where available), some values are rescaled to fit world totals. Adjusted and/or imputed. Reflects, in addition to the reported values, any adjustments made to ensure internal consistency as well as the estimations made by the OECD-WTO to fill in the gaps in the reported information. Balanced. Reflects the reconciled bilateral trade flow, where exports equal mirror imports. Official information on bilateral trade flows was collected from OECD, Eurostat, national sources as well as UNSD. The WTO-UNCTAD trade in services dataset, based on a number of primary sources complemented with estimations, was the main source for data with partner world. The BaTIS dataset can be used as a stand-alone input for economic analysis and policy-making. In addition, balanced trade in services data form an essential input to the OECD Trade in Value Added (TiVA) initiative, for which a balanced view of international trade is crucial. BaTIS is intended to be regularly updated and constantly improved as new data become available. For more information on the methodology, please refer to the technical paper accompanying this dataset The OECD-WTO Balanced Trade in Services (BaTIS) For more information on balanced trade statistics, please go to the topic related OECD page Balanced trade statistics Users are encouraged to send their questions, or to signal any apparent errors, regarding this database to STAT.Contact@oecd.org https://www.oecd.org/en/about/directorates/statistics-and-data-directorate.html