Final consumption expenditure in Laos
Laos: Final consumption expenditure was 90.09 trillion constant LCU in 2016. ▲ Rising
Final consumption expenditure in Laos, 2000–2016
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in constant LCU.
Analysis
Laos recorded 90.09 trillion constant LCU for final consumption expenditure in 2016. That is the highest value across all 17 years on record.
That represents a change of 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 90.09 trillion constant LCU in 2016 and was at its lowest, 23.55 trillion constant LCU, in 2000.
That places Laos 16th out of 177 countries with data for 2016, putting it in the top 10%.
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 LCU | Change |
|---|---|---|
| 2000 | 23.55 trillion constant LCU | — |
| 2001 | 28.03 trillion constant LCU | +19.0% |
| 2002 | 28.69 trillion constant LCU | +2.3% |
| 2003 | 32.31 trillion constant LCU | +12.6% |
| 2004 | 35.78 trillion constant LCU | +10.7% |
| 2005 | 38.54 trillion constant LCU | +7.7% |
| 2006 | 40.52 trillion constant LCU | +5.2% |
| 2007 | 41.05 trillion constant LCU | +1.3% |
| 2008 | 47.58 trillion constant LCU | +15.9% |
| 2009 | 53.26 trillion constant LCU | +11.9% |
| 2010 | 60.84 trillion constant LCU | +14.2% |
| 2011 | 63.57 trillion constant LCU | +4.5% |
| 2012 | 73.39 trillion constant LCU | +15.4% |
| 2013 | 80.49 trillion constant LCU | +9.7% |
| 2014 | 83.08 trillion constant LCU | +3.2% |
| 2015 | 86.90 trillion constant LCU | +4.6% |
| 2016 | 90.09 trillion constant LCU | +3.7% |
Laos compared with similar countries
- Laos's 90.09 trillion constant LCU is above the median for lower middle income countries, which is 679.34 billion constant LCU, 132.6× the median. (44 countries reporting)
- Laos's 90.09 trillion constant LCU is above the median for East Asia & Pacific, which is 780.84 billion constant LCU, 115.4× the median. (26 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 36.93 trillion constant LCU | 23.55 trillion constant LCU | 53.26 trillion constant LCU | 10 |
| 2010s | 76.91 trillion constant LCU | 60.84 trillion constant LCU | 90.09 trillion constant LCU | 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 final consumption expenditure in Laos?
- Final consumption expenditure in Laos was 90.09 trillion constant LCU 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 90.09 trillion constant LCU in 2016.
- What is the lowest final consumption expenditure recorded in Laos?
- The lowest recorded value was 23.55 trillion constant LCU in 2000.
- How does Laos rank for final consumption expenditure?
- Laos ranks 16th out of 177 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 LCU). 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 varies by country. This series is expressed in local currency units.