Final consumption expenditure in Lao People's Democratic Republic
Lao People's Democratic Republic: Final consumption expenditure was 3.7% in 2016. ◆ Volatile
Final consumption expenditure in Lao People's Democratic Republic, 2001–2016
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in annual % growth.
Analysis
Lao People's Democratic Republic recorded 3.7% for final consumption expenditure in 2016.
Compared with earlier readings it is down 20.1% on the previous year and down 28.7% over ten years.
Over the whole period, final consumption expenditure in Lao People's Democratic Republic peaked at 19.0% in 2001 and was at its lowest, 1.3%, in 2007.
Lao People's Democratic Republic ranks 73rd of 175 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.
Final consumption expenditure in Lao People's Democratic Republic, year by year
| Year | annual % growth | Change |
|---|---|---|
| 2001 | 19.0% | — |
| 2002 | 2.3% | -87.7% |
| 2003 | 12.6% | +438.2% |
| 2004 | 10.7% | -15.1% |
| 2005 | 7.7% | -28.0% |
| 2006 | 5.2% | -33.3% |
| 2007 | 1.3% | -74.7% |
| 2008 | 15.9% | +1118.5% |
| 2009 | 11.9% | -24.9% |
| 2010 | 14.2% | +19.0% |
| 2011 | 4.5% | -68.4% |
| 2012 | 15.4% | +243.4% |
| 2013 | 9.7% | -37.4% |
| 2014 | 3.2% | -66.7% |
| 2015 | 4.6% | +42.7% |
| 2016 | 3.7% | -20.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 9.6% | 1.3% | 19.0% | 9 |
| 2010s | 7.9% | 3.2% | 15.4% | 7 |
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)
- GNI, Atlas method (current US$), annual growth rate 9 % change on previous year (2025)
- GNI, Atlas method (current US$), per unit of GDP 0.9247 current US$ per US$ of GDP (2025)
- GNI, Atlas method (current US$), per capita 2,150 current US$ per person (2025)
- GNI (current US$), annual growth rate 11.79 % change on previous year (2025)
- GNI (current US$), per unit of GDP 0.944 current US$ per US$ of GDP (2025)
- GNI (current US$), per capita 2,195 current US$ per person (2025)
- GNI (current LCU), annual growth rate 13.32 % change on previous year (2025)
- GNI (current LCU), per unit of GDP 19,299 current LCU per US$ of GDP (2025)
Frequently asked questions
- What is final consumption expenditure in Lao People's Democratic Republic?
- Final consumption expenditure in Lao People's Democratic Republic was 3.7% in 2016, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest final consumption expenditure recorded in Lao People's Democratic Republic?
- The highest recorded value was 19.0% in 2001.
- What is the lowest final consumption expenditure recorded in Lao People's Democratic Republic?
- The lowest recorded value was 1.3% in 2007.
- How does Lao People's Democratic Republic rank for final consumption expenditure?
- Lao People's Democratic Republic ranks 73rd out of 175 countries with data for 2016.
- Is final consumption expenditure rising or falling in Lao People's Democratic Republic?
- Over the last ten years it is down 28.7%. 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 Country official statistics, National Statistical Organizations and/or Central Banks, published as part of Final consumption expenditure (annual % growth). Statizoid updates them automatically from the source API.
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About this data
Final consumption expenditure is expenditure on goods and services by resident institutional units for the direct satisfaction of human needs or wants, whether individual or collective. Final consumption expenditure can be measured for households, general government, the central bank and non-profit institutions serving households. This indicator denotes the percentage change over each previous year of the constant price (base year 2015) series in United States dollars.