Final consumption expenditure in Laos
Laos: Final consumption expenditure was 12.68 billion current US$ in 2016. ◆ Volatile
Final consumption expenditure in Laos, 1984–2016
Source: Country official statistics, National Statistical Offices (NSOs). Measured in current US$.
Analysis
In 2016, final consumption expenditure in Laos stood at 12.68 billion current US$. That is the highest value across all 22 years on record.
That represents a change of up 1.8% on the previous year and up 385.4% over ten years.
Over the whole period, final consumption expenditure in Laos peaked at 12.68 billion current US$ in 2016 and was at its lowest, 627.53 million current US$, in 1988.
Laos ranks 139th of 188 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Final consumption expenditure in Laos, year by year
| Year | current US$ | Change |
|---|---|---|
| 1984 | 1.71 billion current US$ | — |
| 1985 | 2.34 billion current US$ | +36.5% |
| 1986 | 1.73 billion current US$ | -26.1% |
| 1987 | 1.06 billion current US$ | -38.4% |
| 1988 | 627.53 million current US$ | -41.0% |
| 2000 | 1.63 billion current US$ | +159.6% |
| 2001 | 1.71 billion current US$ | +4.9% |
| 2002 | 1.42 billion current US$ | -17.0% |
| 2003 | 1.74 billion current US$ | +22.3% |
| 2004 | 2.00 billion current US$ | +15.2% |
| 2005 | 2.18 billion current US$ | +9.2% |
| 2006 | 2.61 billion current US$ | +19.6% |
| 2007 | 3.36 billion current US$ | +28.8% |
| 2008 | 4.57 billion current US$ | +35.7% |
| 2009 | 4.83 billion current US$ | +5.8% |
| 2010 | 6.17 billion current US$ | +27.6% |
| 2011 | 6.77 billion current US$ | +9.8% |
| 2012 | 9.17 billion current US$ | +35.4% |
| 2013 | 10.93 billion current US$ | +19.2% |
| 2014 | 11.65 billion current US$ | +6.6% |
| 2015 | 12.46 billion current US$ | +6.9% |
| 2016 | 12.68 billion current US$ | +1.8% |
Laos compared with similar countries
- Laos's 12.68 billion current US$ is below the median for lower middle income countries, which is 23.88 billion current US$, 53% of the median. (45 countries reporting)
- Laos's 12.68 billion current US$ is below the median for East Asia & Pacific, which is 16.77 billion current US$, 76% of the median. (29 countries reporting)
Biggest year-on-year movements
Years where Final consumption expenditure in Laos changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2000 | +159.6% | 627.53 million current US$ | 1.63 billion current US$ |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 1.49 billion current US$ | 627.53 million current US$ | 2.34 billion current US$ | 5 |
| 2000s | 2.61 billion current US$ | 1.42 billion current US$ | 4.83 billion current US$ | 10 |
| 2010s | 9.97 billion current US$ | 6.17 billion current US$ | 12.68 billion 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$), annual growth rate 25.05 % change on previous year (2024)
Frequently asked questions
- What is final consumption expenditure in Laos?
- Final consumption expenditure in Laos was 12.68 billion current US$ in 2016, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest final consumption expenditure recorded in Laos?
- The highest recorded value was 12.68 billion current US$ in 2016.
- What is the lowest final consumption expenditure recorded in Laos?
- The lowest recorded value was 627.53 million current US$ in 1988.
- How does Laos rank for final consumption expenditure?
- Laos ranks 139th 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 385.4%. 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 Offices (NSOs), published as part of Final consumption expenditure (current 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 current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.