Current account balance in Lao People's Democratic Republic
Lao People's Democratic Republic: Current account balance was 3.2% in 2024. ◆ Volatile
Current account balance in Lao People's Democratic Republic, 1984–2024
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
Lao People's Democratic Republic recorded 3.2% for current account balance in 2024.
Compared with earlier readings it is up 26.1% on the previous year and up 122.2% over ten years.
Over the whole period, current account balance in Lao People's Democratic Republic peaked at 6.2% in 1999 and was at its lowest, -15.7%, in 2015.
That places Lao People's Democratic Republic 52nd out of 200 countries with data for 2024, putting it 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 in Lao People's Democratic Republic, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1984 | -6.9% | — |
| 1985 | -4.8% | -30.3% |
| 1986 | -6.3% | +29.8% |
| 1987 | -12.7% | +103.1% |
| 1988 | -13.0% | +2.1% |
| 1989 | -11.4% | -12.2% |
| 1990 | -6.3% | -44.3% |
| 1991 | -2.9% | -54.6% |
| 1992 | -4.3% | +49.1% |
| 1993 | -2.7% | -37.3% |
| 1994 | -10.4% | +286.2% |
| 1995 | -13.4% | +29.2% |
| 1996 | -14.1% | +5.4% |
| 1997 | -11.8% | -16.7% |
| 1998 | -6.0% | -49.3% |
| 1999 | 6.2% | -203.2% |
| 2000 | -0.5% | -107.9% |
| 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 |
|---|---|---|---|---|
| 1980s | -9.2% | -13.0% | -4.8% | 6 |
| 1990s | -6.6% | -14.1% | 6.2% | 10 |
| 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)
- Imports of goods and services (constant 2015 US$), annual growth rate 4.55 % change on previous year (2016)
- Imports of goods and services (constant 2015 US$), per unit of GDP 0.4914 constant 2015 US$ per US$ of GDP (2016)
- Imports of goods and services (constant 2015 US$), per capita 1,132 constant 2015 US$ per person (2016)
- External balance on goods and services (current US$), annual growth 46.54 % change on previous year (2016)
- External balance on goods and services (current LCU), annual growth 46.56 % change on previous year (2016)
- Agriculture, forestry, and fishing, value added (current LCU), annual 11.4 % change on previous year (2025)
- Agriculture, forestry, and fishing, value added (current LCU), per 3,397 current LCU per US$ of GDP (2025)
- Agriculture, forestry, and fishing, value added (current LCU), per 7.90 million current LCU per person (2025)
Frequently asked questions
- What is current account balance in Lao People's Democratic Republic?
- Current account balance in Lao People's Democratic Republic was 3.2% in 2024, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest current account balance recorded in Lao People's Democratic Republic?
- The highest recorded value was 6.2% in 1999.
- What is the lowest current account balance 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?
- Lao People's Democratic Republic ranks 52nd out of 200 countries with data for 2024.
- Is current account balance 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 Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Current account balance (% of GDP). Statizoid updates them automatically from the source API.
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About this data
Balance of current transactions (transactions in goods and services, earned income and transfer income) between residents and non-residents. The term current account balance is used in the external accounts and is expressed from the perspective of resident units. The term current external balance is used in the national accounts and is expressed from the perspective of the non-resident units, and therefore with the opposite sign. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.