Balanced trade in services in Laos
Laos: Balanced trade in services was 0.3765 US dollars, exchange rate converted in 2024. ◆ Volatile
Balanced trade in services in Laos, 2005–2024
Source: Organisation for Economic Co-operation and Development. Measured in US dollars, exchange rate converted.
Analysis
Laos 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 Laos 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 Laos 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.
Balanced trade in services in Laos, year by year
| Year | US dollars, exchange rate converted | Change |
|---|---|---|
| 2005 | 0.038 US dollars, exchange rate converted | — |
| 2006 | 0.0404 US dollars, exchange rate converted | +6.2% |
| 2007 | 0.0474 US dollars, exchange rate converted | +17.4% |
| 2008 | 0.0638 US dollars, exchange rate converted | +34.5% |
| 2009 | 0.072 US dollars, exchange rate converted | +12.9% |
| 2010 | 0.1189 US dollars, exchange rate converted | +65.2% |
| 2011 | 0.1413 US dollars, exchange rate converted | +18.8% |
| 2012 | 0.2817 US dollars, exchange rate converted | +99.4% |
| 2013 | 0.3809 US dollars, exchange rate converted | +35.2% |
| 2014 | 0.3951 US dollars, exchange rate converted | +3.7% |
| 2015 | 0.394 US dollars, exchange rate converted | -0.3% |
| 2016 | 0.3732 US dollars, exchange rate converted | -5.3% |
| 2017 | 0.3497 US dollars, exchange rate converted | -6.3% |
| 2018 | 0.4206 US dollars, exchange rate converted | +20.3% |
| 2019 | 0.3787 US dollars, exchange rate converted | -10.0% |
| 2020 | 0.127 US dollars, exchange rate converted | -66.5% |
| 2021 | 0.1134 US dollars, exchange rate converted | -10.7% |
| 2022 | 0.2222 US dollars, exchange rate converted | +95.9% |
| 2023 | 0.2807 US dollars, exchange rate converted | +26.3% |
| 2024 | 0.3765 US dollars, exchange rate converted | +34.2% |
Laos compared with similar countries
- Laos's 0.3765 US dollars, exchange rate converted is below the median for lower middle income countries, which is 1.24 US dollars, exchange rate converted, 30% of the median. (42 countries reporting)
- Laos's 0.3765 US dollars, exchange rate converted is below the median for East Asia & Pacific, which is 1.2 US dollars, exchange rate converted, 31% of the median. (25 countries reporting)
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 Laos
- 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 Laos
- 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)
- SDRs holdings, US dollar, annual growth rate 60.62 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0083 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 19.21 units per person (2025)
- SDRs holdings, SDR, annual growth rate 52.95 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.006 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 14.03 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate 5.01 % change on previous year (2025)
- IMF holdings of currency, US dollar, per unit of GDP 0.0069 units per US$ of GDP (2025)
Frequently asked questions
- What is balanced trade in services in Laos?
- Balanced trade in services in Laos 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 Laos?
- The highest recorded value was 0.4206 US dollars, exchange rate converted in 2018.
- What is the lowest balanced trade in services recorded in Laos?
- The lowest recorded value was 0.038 US dollars, exchange rate converted in 2005.
- How does Laos rank for balanced trade in services?
- Laos ranks 154th out of 174 countries with data for 2024.
- Is balanced trade in services rising or falling in Laos?
- Over the last ten years it is down 4.7%. The long-run trend across the full record is volatile.
- Where does this Laos 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