Final consumption expenditure in Lao People's Democratic Republic
Lao People's Democratic Republic: Final consumption expenditure was 79.7% in 2016. ▼ Falling
Final consumption expenditure in Lao People's Democratic Republic, 1984–2016
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in % of GDP.
Analysis
The most recent figure for final consumption expenditure in Lao People's Democratic Republic is 79.7%, measured in 2016.
The figure is down 7.7% on the previous year and up 5.4% over ten years.
Over the whole period, final consumption expenditure in Lao People's Democratic Republic peaked at 104.8% in 1988 and was at its lowest, 75.6%, in 2006.
Lao People's Democratic Republic ranks 90th of 187 countries on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 22 years of available data.
Final consumption expenditure in Lao People's Democratic Republic, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1984 | 97.4% | — |
| 1985 | 98.7% | +1.3% |
| 1986 | 97.2% | -1.5% |
| 1987 | 97.7% | +0.6% |
| 1988 | 104.8% | +7.2% |
| 2000 | 94.1% | -10.2% |
| 2001 | 96.6% | +2.7% |
| 2002 | 80.7% | -16.5% |
| 2003 | 85.8% | +6.3% |
| 2004 | 84.5% | -1.5% |
| 2005 | 79.8% | -5.6% |
| 2006 | 75.6% | -5.3% |
| 2007 | 79.7% | +5.4% |
| 2008 | 83.9% | +5.3% |
| 2009 | 82.8% | -1.2% |
| 2010 | 86.5% | +4.4% |
| 2011 | 77.4% | -10.5% |
| 2012 | 89.9% | +16.2% |
| 2013 | 91.2% | +1.4% |
| 2014 | 87.7% | -3.8% |
| 2015 | 86.3% | -1.6% |
| 2016 | 79.7% | -7.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 99.2% | 97.2% | 104.8% | 5 |
| 2000s | 84.3% | 75.6% | 96.6% | 10 |
| 2010s | 85.5% | 77.4% | 91.2% | 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)
- Services, value added (current US$), annual growth rate 10.99 % change on previous year (2025)
- Services, value added (current US$), per unit of GDP 0.4357 current US$ per US$ of GDP (2025)
- Services, value added (current US$), per capita 1,013 current US$ per person (2025)
- Services, value added (current LCU), annual growth rate 12.51 % change on previous year (2025)
- Services, value added (current LCU), per unit of GDP 8,907 current LCU per US$ of GDP (2025)
- Services, value added (current LCU), per capita 20.71 million current LCU per person (2025)
- Services, value added (constant 2015 US$), annual growth rate 4.62 % change on previous year (2025)
- Services, value added (constant 2015 US$), per unit of GDP 0.4872 constant 2015 US$ 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 79.7% 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 104.8% in 1988.
- What is the lowest final consumption expenditure recorded in Lao People's Democratic Republic?
- The lowest recorded value was 75.6% in 2006.
- How does Lao People's Democratic Republic rank for final consumption expenditure?
- Lao People's Democratic Republic ranks 90th out of 187 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 up 5.4%. The long-run trend across the full record is falling.
- 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 (% of GDP). 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 as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.