Final consumption expenditure in Laos
Laos: Final consumption expenditure was 12.91 billion constant 2015 US$ in 2016. ▲ Rising
Final consumption expenditure in Laos, 2000–2016
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in constant 2015 US$.
Analysis
In 2016, final consumption expenditure in Laos stood at 12.91 billion constant 2015 US$. That is the highest value across all 17 years on record.
The figure is up 3.7% on the previous year and up 122.3% over ten years.
Over the whole period, final consumption expenditure in Laos peaked at 12.91 billion constant 2015 US$ in 2016 and was at its lowest, 3.38 billion constant 2015 US$, in 2000.
Laos ranks 127th of 172 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 17 years of available data.
Final consumption expenditure in Laos, year by year
| Year | constant 2015 US$ | Change |
|---|---|---|
| 2000 | 3.38 billion constant 2015 US$ | — |
| 2001 | 4.02 billion constant 2015 US$ | +19.0% |
| 2002 | 4.11 billion constant 2015 US$ | +2.3% |
| 2003 | 4.63 billion constant 2015 US$ | +12.6% |
| 2004 | 5.13 billion constant 2015 US$ | +10.7% |
| 2005 | 5.52 billion constant 2015 US$ | +7.7% |
| 2006 | 5.81 billion constant 2015 US$ | +5.2% |
| 2007 | 5.88 billion constant 2015 US$ | +1.3% |
| 2008 | 6.82 billion constant 2015 US$ | +15.9% |
| 2009 | 7.63 billion constant 2015 US$ | +11.9% |
| 2010 | 8.72 billion constant 2015 US$ | +14.2% |
| 2011 | 9.11 billion constant 2015 US$ | +4.5% |
| 2012 | 10.52 billion constant 2015 US$ | +15.4% |
| 2013 | 11.54 billion constant 2015 US$ | +9.7% |
| 2014 | 11.91 billion constant 2015 US$ | +3.2% |
| 2015 | 12.46 billion constant 2015 US$ | +4.6% |
| 2016 | 12.91 billion constant 2015 US$ | +3.7% |
Laos compared with similar countries
- Laos's 12.91 billion constant 2015 US$ is below the median for lower middle income countries, which is 16.69 billion constant 2015 US$, 77% of the median. (43 countries reporting)
- Laos's 12.91 billion constant 2015 US$ is below the median for East Asia & Pacific, which is 27.09 billion constant 2015 US$, 48% of the median. (25 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 5.29 billion constant 2015 US$ | 3.38 billion constant 2015 US$ | 7.63 billion constant 2015 US$ | 10 |
| 2010s | 11.02 billion constant 2015 US$ | 8.72 billion constant 2015 US$ | 12.91 billion constant 2015 US$ | 7 |
Countries ranked near Laos
- 124 Chad 13.32 billion constant 2015 US$ compare
- 125 Somalia 13.19 billion constant 2015 US$
- 126 Malta 13.07 billion constant 2015 US$ compare
- 128 Palestine 12.86 billion constant 2015 US$ compare
- 129 Madagascar 12.67 billion constant 2015 US$ compare
- 130 Mauritius 11.86 billion constant 2015 US$ compare
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$), annual growth rate 25.05 % change on previous year (2024)
Frequently asked questions
- What is final consumption expenditure in Laos?
- Final consumption expenditure in Laos was 12.91 billion constant 2015 US$ in 2016, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest final consumption expenditure recorded in Laos?
- The highest recorded value was 12.91 billion constant 2015 US$ in 2016.
- What is the lowest final consumption expenditure recorded in Laos?
- The lowest recorded value was 3.38 billion constant 2015 US$ in 2000.
- How does Laos rank for final consumption expenditure?
- Laos ranks 127th out of 172 countries with data for 2016.
- Is final consumption expenditure rising or falling in Laos?
- Over the last ten years it is up 122.3%. The long-run trend across the full record is rising.
- 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 Final consumption expenditure (constant 2015 US$). 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 is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment is 2015. This indicator is expressed in United States dollars.