External balance on goods and services in Laos
Laos: External balance on goods and services was -1.38 billion current US$ in 2016. ◆ Volatile
External balance on goods and services in Laos, 1984–2016
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in current US$.
Analysis
The most recent figure for external balance on goods and services in Laos is -1.38 billion current US$, measured in 2016.
Compared with earlier readings it is up 46.5% on the previous year and down 606.8% over ten years.
Over the whole period, external balance on goods and services in Laos peaked at -62.86 million current US$ in 1984 and was at its lowest, -2.62 billion current US$, in 2013.
Laos ranks 119th of 193 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
External balance on goods and services in Laos, year by year
| Year | current US$ | Change |
|---|---|---|
| 1984 | -62.86 million current US$ | — |
| 1985 | -135.56 million current US$ | +115.7% |
| 1986 | -72.63 million current US$ | -46.4% |
| 1987 | -86.23 million current US$ | +18.7% |
| 1988 | -109.44 million current US$ | +26.9% |
| 1989 | -141.85 million current US$ | +29.6% |
| 1990 | -114.17 million current US$ | -19.5% |
| 1991 | -126.20 million current US$ | +10.5% |
| 1992 | -113.67 million current US$ | -9.9% |
| 1993 | -128.87 million current US$ | +13.4% |
| 1994 | -229.00 million current US$ | +77.7% |
| 1995 | -248.90 million current US$ | +8.7% |
| 1996 | -344.00 million current US$ | +38.2% |
| 1997 | -303.50 million current US$ | -11.8% |
| 1998 | -145.40 million current US$ | -52.1% |
| 1999 | -120.82 million current US$ | -16.9% |
| 2000 | -130.07 million current US$ | +7.7% |
| 2001 | -179.57 million current US$ | +38.1% |
| 2002 | -171.42 million current US$ | -4.5% |
| 2003 | -274.59 million current US$ | +60.2% |
| 2004 | -384.67 million current US$ | +40.1% |
| 2005 | -379.29 million current US$ | -1.4% |
| 2006 | -195.25 million current US$ | -48.5% |
| 2007 | -506.10 million current US$ | +159.2% |
| 2008 | -846.43 million current US$ | +67.2% |
| 2009 | -978.41 million current US$ | +15.6% |
| 2010 | -995.04 million current US$ | +1.7% |
| 2011 | -963.60 million current US$ | -3.2% |
| 2012 | -2.29 billion current US$ | +137.3% |
| 2013 | -2.62 billion current US$ | +14.4% |
| 2014 | -2.33 billion current US$ | -10.9% |
| 2015 | -2.58 billion current US$ | +10.8% |
| 2016 | -1.38 billion current US$ | -46.5% |
Laos compared with similar countries
- Laos's -1.38 billion current US$ is above the median for lower middle income countries, which is -1.67 billion current US$, 83% of the median. (45 countries reporting)
- Laos's -1.38 billion current US$ is below the median for East Asia & Pacific, which is -166.62 million current US$, 8.3× the median. (34 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | -101.43 million current US$ | -141.85 million current US$ | -62.86 million current US$ | 6 |
| 1990s | -187.45 million current US$ | -344.00 million current US$ | -113.67 million current US$ | 10 |
| 2000s | -404.58 million current US$ | -978.41 million current US$ | -130.07 million current US$ | 10 |
| 2010s | -1.88 billion current US$ | -2.62 billion current US$ | -963.60 million current US$ | 7 |
Countries ranked near Laos
More economy & growth data for Laos
- 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)
- Foreign direct investment, net outflows (BoP, current US$), gaps 6,670 BoP, current US$ (2022)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0 BoP, current US$ per US$ of GDP (2022)
- Foreign direct investment, net outflows (BoP, current US$), per capita 0.0009 BoP, current US$ per person (2022)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 988.46 million BoP, current US$ (2024)
- Foreign direct investment, net inflows (BoP, current US$), annual -44.51 % change on previous year (2024)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0599 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net inflows (BoP, current US$), per capita 127.22 BoP, current US$ per person (2024)
- Total reserves (includes gold, current US$), annual growth rate 25.05 % change on previous year (2024)
Frequently asked questions
- What is external balance on goods and services in Laos?
- External balance on goods and services in Laos was -1.38 billion current US$ in 2016, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest external balance on goods and services recorded in Laos?
- The highest recorded value was -62.86 million current US$ in 1984.
- What is the lowest external balance on goods and services recorded in Laos?
- The lowest recorded value was -2.62 billion current US$ in 2013.
- How does Laos rank for external balance on goods and services?
- Laos ranks 119th out of 193 countries with data for 2016.
- Is external balance on goods and services rising or falling in Laos?
- Over the last ten years it is down 606.8%. The long-run trend across the full record is volatile.
- Where does this Laos data come from?
- The figures come from Country official statistics, National Statistical Organizations and/or Central Banks, published as part of External balance on goods and services (current US$). Statizoid updates them automatically from the source API.
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About this data
The balance of international trade in goods and services is the difference between the exports and imports of goods and services. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.