Final consumption expenditure in Laos
Laos: Final consumption expenditure was 102.99 trillion current LCU in 2016. ◆ Volatile
Final consumption expenditure in Laos, 1984–2016
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in current LCU.
Analysis
The most recent figure for final consumption expenditure in Laos is 102.99 trillion current LCU, measured in 2016. That is the highest value across all 22 years on record.
That represents a change of up 1.7% on the previous year and up 288.4% over ten years.
Over the whole period, final consumption expenditure in Laos peaked at 102.99 trillion current LCU in 2016 and was at its lowest, 59.90 billion current LCU, in 1984.
That places Laos 24th out of 188 countries with data for 2016, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Final consumption expenditure in Laos, year by year
| Year | current LCU | Change |
|---|---|---|
| 1984 | 59.90 billion current LCU | — |
| 1985 | 105.10 billion current LCU | +75.5% |
| 1986 | 164.00 billion current LCU | +56.0% |
| 1987 | 186.10 billion current LCU | +13.5% |
| 1988 | 246.00 billion current LCU | +32.2% |
| 2000 | 12.83 trillion current LCU | +5116.8% |
| 2001 | 15.17 trillion current LCU | +18.2% |
| 2002 | 14.27 trillion current LCU | -5.9% |
| 2003 | 18.26 trillion current LCU | +27.9% |
| 2004 | 21.17 trillion current LCU | +15.9% |
| 2005 | 23.26 trillion current LCU | +9.9% |
| 2006 | 26.51 trillion current LCU | +14.0% |
| 2007 | 32.31 trillion current LCU | +21.9% |
| 2008 | 39.92 trillion current LCU | +23.6% |
| 2009 | 41.14 trillion current LCU | +3.1% |
| 2010 | 50.91 trillion current LCU | +23.7% |
| 2011 | 54.36 trillion current LCU | +6.8% |
| 2012 | 73.39 trillion current LCU | +35.0% |
| 2013 | 85.59 trillion current LCU | +16.6% |
| 2014 | 93.71 trillion current LCU | +9.5% |
| 2015 | 101.23 trillion current LCU | +8.0% |
| 2016 | 102.99 trillion current LCU | +1.7% |
Laos compared with similar countries
- Laos's 102.99 trillion current LCU is above the median for lower middle income countries, which is 1.32 trillion current LCU, 78.1× the median. (45 countries reporting)
- Laos's 102.99 trillion current LCU is above the median for East Asia & Pacific, which is 737.40 billion current LCU, 139.7× the median. (29 countries reporting)
Biggest year-on-year movements
Years where Final consumption expenditure in Laos changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2000 | +5116.8% | 246.00 billion current LCU | 12.83 trillion current LCU |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 152.22 billion current LCU | 59.90 billion current LCU | 246.00 billion current LCU | 5 |
| 2000s | 24.48 trillion current LCU | 12.83 trillion current LCU | 41.14 trillion current LCU | 10 |
| 2010s | 80.31 trillion current LCU | 50.91 trillion current LCU | 102.99 trillion current 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 102.99 trillion current 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 102.99 trillion current LCU in 2016.
- What is the lowest final consumption expenditure recorded in Laos?
- The lowest recorded value was 59.90 billion current LCU in 1984.
- How does Laos rank for final consumption expenditure?
- Laos ranks 24th out of 188 countries with data for 2016.
- Is final consumption expenditure rising or falling in Laos?
- Over the last ten years it is up 288.4%. 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 Final consumption expenditure (current 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 current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.