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
Lao People's Democratic Republic recorded 3.2% for current account balance as a proportion of gdp 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.
That places Lao People's Democratic Republic 52nd out of 205 countries with data for 2024, putting it 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
- Gross Fixed Capital Formation Deflator — Value Standard Local 1.97 % change on previous year (2024)
- GDP Deflator — Value US$, 2015 prices, annual growth rate -6.93 % change on previous year (2024)
- GDP Deflator — Value Standard Local Currency, 2015 prices, annual 13.91 % change on previous year (2024)
- Gross Fixed Capital Formation Deflator — Value US$, 2015 prices -16.69 % change on previous year (2024)
- Gross Domestic Product — Value US$, annual growth rate -2.97 % change on previous year (2024)
- Gross Domestic Product — Value Standard Local Currency, 2015 prices 4.26 % change on previous year (2024)
- Gross Domestic Product — Value US$, 2015 prices, annual growth rate 4.26 % change on previous year (2024)
- Gross Fixed Capital Formation — Value Standard Local Currency, annual 8 % change on previous year (2024)
- Gross Fixed Capital Formation — Value US$, 2015 prices, annual growth 5.92 % change on previous year (2024)
- Gross Fixed Capital Formation — Value US$, annual growth rate -11.76 % change on previous year (2024)
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 52nd out of 205 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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