Current account balance as a proportion of GDP in Lao People's Democratic Republic
Lao People's Democratic Republic: Current account balance as a proportion of GDP was 3.2% in 2024. ◆ Volatile
Current account balance as a proportion of GDP in Lao People's Democratic Republic, 2000–2024
Source: United Nations Statistics Division, SDG Global Database. Measured in %.
Analysis
The most recent figure for current account balance as a proportion of gdp in Lao People's Democratic Republic is 3.2%, measured in 2024.
The figure is up 26.1% on the previous year and up 122.2% over ten years.
Over the whole period, current account balance as a proportion of gdp in Lao People's Democratic Republic peaked at 3.3% in 2007 and was at its lowest, -15.7%, in 2015.
Lao People's Democratic Republic ranks 51st of 204 countries on this measure, in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Current account balance as a proportion of GDP in Lao People's Democratic Republic, year by year
| Year | % | Change |
|---|---|---|
| 2000 | -0.5% | — |
| 2001 | -3.8% | +678.1% |
| 2002 | 0.5% | -112.4% |
| 2003 | -1.5% | -412.1% |
| 2004 | -7.5% | +413.0% |
| 2005 | -6.4% | -15.7% |
| 2006 | 2.2% | -134.3% |
| 2007 | 3.3% | +51.4% |
| 2008 | 1.4% | -56.9% |
| 2009 | -1.0% | -173.3% |
| 2010 | 0.4% | -139.4% |
| 2011 | -2.4% | -673.8% |
| 2012 | -7.3% | +211.2% |
| 2013 | -7.8% | +6.7% |
| 2014 | -14.5% | +85.2% |
| 2015 | -15.7% | +8.5% |
| 2016 | -8.7% | -44.6% |
| 2017 | -7.4% | -15.2% |
| 2018 | -9.1% | +23.2% |
| 2019 | -7.0% | -22.5% |
| 2020 | -1.6% | -77.2% |
| 2021 | 2.3% | -243.0% |
| 2022 | -3.0% | -229.4% |
| 2023 | 2.6% | -186.1% |
| 2024 | 3.2% | +26.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | -1.3% | -7.5% | 3.3% | 10 |
| 2010s | -8.0% | -15.7% | 0.4% | 10 |
| 2020s | 0.7% | -3.0% | 3.2% | 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)
- Gross capital formation (current US$), annual growth rate 1.39 % change on previous year (2016)
- Gross capital formation (current US$), per unit of GDP 0.2901 current US$ per US$ of GDP (2016)
- Gross capital formation (current US$), per capita 668.11 current US$ per person (2016)
- Gross capital formation (current LCU), annual growth rate 1.35 % change on previous year (2016)
- Gross capital formation (current LCU), per unit of GDP 2,357 current LCU per US$ of GDP (2016)
- Gross capital formation (current LCU), per capita 5.43 million current LCU per person (2016)
- Gross capital formation (constant 2015 US$), annual growth rate 7 % change on previous year (2016)
- Gross capital formation (constant 2015 US$), per unit of GDP 0.3061 constant 2015 US$ per US$ of GDP (2016)
Frequently asked questions
- What is current account balance as a proportion of gdp in Lao People's Democratic Republic?
- Current account balance as a proportion of gdp in Lao People's Democratic Republic was 3.2% in 2024, according to United Nations Statistics Division, SDG Global Database.
- What is the highest current account balance as a proportion of gdp recorded in Lao People's Democratic Republic?
- The highest recorded value was 3.3% in 2007.
- What is the lowest current account balance as a proportion of gdp recorded in Lao People's Democratic Republic?
- The lowest recorded value was -15.7% in 2015.
- How does Lao People's Democratic Republic rank for current account balance as a proportion of gdp?
- Lao People's Democratic Republic ranks 51st out of 204 countries with data for 2024.
- Is current account balance as a proportion of gdp rising or falling in Lao People's Democratic Republic?
- Over the last ten years it is up 122.2%. 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 Current account balance as a proportion of GDP (%). Statizoid updates them automatically from the source API.
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