Current account balance as a share of GDP in Lao People's Democratic Republic
Lao People's Democratic Republic: Current account balance as a share of GDP was 3.2% in 2024. ◆ Volatile
Current account balance as a share of GDP in Lao People's Democratic Republic, 2000–2024
Source: International Monetary Fund – processed by Our World in Data. Measured in %.
Analysis
Lao People's Democratic Republic recorded 3.2% for current account balance as a share of gdp in 2024.
The figure is up 26.3% on the previous year and up 122.2% over ten years.
Over the whole period, current account balance as a share 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 50th of 193 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.
Current account balance as a share of GDP in Lao People's Democratic Republic, year by year
| Year | % | Change |
|---|---|---|
| 2000 | -0.5% | — |
| 2001 | -3.8% | +677.6% |
| 2002 | 0.5% | -112.3% |
| 2003 | -1.5% | -412.8% |
| 2004 | -7.5% | +412.2% |
| 2005 | -6.3% | -15.7% |
| 2006 | 2.2% | -134.3% |
| 2007 | 3.3% | +51.4% |
| 2008 | 1.4% | -57.0% |
| 2009 | -1.0% | -173.2% |
| 2010 | 0.4% | -139.4% |
| 2011 | -2.4% | -675.6% |
| 2012 | -7.3% | +211.0% |
| 2013 | -7.8% | +6.7% |
| 2014 | -14.5% | +85.1% |
| 2015 | -15.7% | +8.5% |
| 2016 | -8.7% | -44.7% |
| 2017 | -7.4% | -15.2% |
| 2018 | -9.1% | +23.2% |
| 2019 | -7.0% | -22.6% |
| 2020 | -1.6% | -77.3% |
| 2021 | 2.3% | -243.1% |
| 2022 | -3.0% | -229.7% |
| 2023 | 2.5% | -185.9% |
| 2024 | 3.2% | +26.3% |
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)
- Services, value added (constant LCU), per capita 7.46 million constant LCU per person (2025)
- GDP deflator (base year varies by country), annual growth rate 7.55 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current US$), annual growth 10.91 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current US$), per unit of GDP 0.8935 current US$ per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (current US$), per capita 2,077 current US$ per person (2025)
- Gross value added at basic prices (GVA) (current LCU), annual growth 12.43 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current LCU), per unit of GDP 18,267 current LCU per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (current LCU), per capita 42.47 million current LCU per person (2025)
Frequently asked questions
- What is current account balance as a share of gdp in Lao People's Democratic Republic?
- Current account balance as a share of gdp in Lao People's Democratic Republic was 3.2% in 2024, according to International Monetary Fund – processed by Our World in Data.
- What is the highest current account balance as a share 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 share 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 share of gdp?
- Lao People's Democratic Republic ranks 50th out of 193 countries with data for 2024.
- Is current account balance as a share 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 International Monetary Fund – processed by Our World in Data, published as part of Current account balance as a share of GDP. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 25 observations, free to reuse under CC BY 4.0 (Our World in Data).
About this data
Current account balance as a proportion of GDP (%).