Expense in Lao People's Democratic Republic
Lao People's Democratic Republic: Expense was 10.3% in 2022. ▬ Flat
Expense in Lao People's Democratic Republic, 2008–2022
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
Lao People's Democratic Republic recorded 10.3% for expense in 2022. That is the lowest value across all 15 years on record.
Compared with earlier readings it is down 4.2% on the previous year and down 6.1% over ten years.
Over the whole period, expense in Lao People's Democratic Republic peaked at 16.8% in 2013 and was at its lowest, 10.3%, in 2022.
That places Lao People's Democratic Republic 150th out of 157 countries with data for 2022, putting it in the bottom quarter.
Expense in Lao People's Democratic Republic, year by year
| Year | % of GDP | Change |
|---|---|---|
| 2008 | 10.8% | — |
| 2009 | 11.5% | +6.8% |
| 2010 | 11.0% | -4.2% |
| 2011 | 10.7% | -2.6% |
| 2012 | 11.0% | +2.3% |
| 2013 | 16.8% | +53.1% |
| 2014 | 15.5% | -7.9% |
| 2015 | 14.9% | -3.8% |
| 2016 | 13.9% | -6.9% |
| 2017 | 12.3% | -11.0% |
| 2018 | 12.3% | -0.2% |
| 2019 | 12.4% | +1.1% |
| 2020 | 11.4% | -8.0% |
| 2021 | 10.8% | -6.0% |
| 2022 | 10.3% | -4.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 11.2% | 10.8% | 11.5% | 2 |
| 2010s | 13.1% | 10.7% | 16.8% | 10 |
| 2020s | 10.8% | 10.3% | 11.4% | 3 |
Countries ranked near Lao People's Democratic Republic
- 147 Madagascar 11.0% compare
- 148 Tajikistan 11.0% compare
- 149 Zimbabwe 11.0% compare
- 151 Niger 10.2%
- 152 Sudan 9.7% compare
- 153 Bangladesh 8.3% compare
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)
- GDP (constant 2015 US$), annual growth rate 4.54 % change on previous year (2025)
- GDP (constant 2015 US$), per unit of GDP 1.21 constant 2015 US$ per US$ of GDP (2025)
- GDP (constant 2015 US$), per capita 2,807 constant 2015 US$ per person (2025)
- GDP (constant LCU), annual growth rate 4.54 % change on previous year (2025)
- GDP (constant LCU), per unit of GDP 8,518 constant LCU per US$ of GDP (2025)
- GDP (constant LCU), per capita 19.80 million constant LCU per person (2025)
- Gross domestic savings (current US$), annual growth rate 64.16 % change on previous year (2016)
- Gross domestic savings (current US$), per unit of GDP 0.2033 current US$ per US$ of GDP (2016)
Frequently asked questions
- What is expense in Lao People's Democratic Republic?
- Expense in Lao People's Democratic Republic was 10.3% in 2022, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest expense recorded in Lao People's Democratic Republic?
- The highest recorded value was 16.8% in 2013.
- What is the lowest expense recorded in Lao People's Democratic Republic?
- The lowest recorded value was 10.3% in 2022.
- How does Lao People's Democratic Republic rank for expense?
- Lao People's Democratic Republic ranks 150th out of 157 countries with data for 2022.
- Is expense rising or falling in Lao People's Democratic Republic?
- Over the last ten years it is down 6.1%. The long-run trend across the full record is flat.
- Where does this Lao People's Democratic Republic data come from?
- The figures come from Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Expense (% of GDP). Statizoid updates them automatically from the source API.
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About this data
Expense is a decrease in net worth resulting from a transaction. 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.