GDP Deflator — Value Standard Local Currency, 2015 prices in Lao People's Democratic Republic
Lao People's Democratic Republic: GDP Deflator — Value Standard Local Currency, 2015 prices was 173.02 SLC in 2024. ◆ Volatile
GDP Deflator — Value Standard Local Currency, 2015 prices in Lao People's Democratic Republic, 1970–2024
Source: Food and Agriculture Organization of the United Nations. Measured in SLC.
Analysis
The most recent figure for gdp deflator — value standard local currency, 2015 prices in Lao People's Democratic Republic is 173.02 SLC, measured in 2024. That is the highest value across all 55 years on record.
Compared with earlier readings it is up 13.9% on the previous year and up 77.1% over ten years.
Over the whole period, gdp deflator — value standard local currency, 2015 prices in Lao People's Democratic Republic peaked at 173.02 SLC in 2024 and was at its lowest, 0.0021 SLC, in 1970.
That places Lao People's Democratic Republic 46th out of 209 countries with data for 2024, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
GDP Deflator — Value Standard Local Currency, 2015 prices in Lao People's Democratic Republic, year by year
| Year | SLC | Change |
|---|---|---|
| 1970 | 0.0021 SLC | — |
| 1971 | 0.0021 SLC | +1.3% |
| 1972 | 0.0026 SLC | +25.1% |
| 1973 | 0.0034 SLC | +30.8% |
| 1974 | 0.0051 SLC | +50.0% |
| 1975 | 0.0066 SLC | +29.7% |
| 1976 | 0.0073 SLC | +10.9% |
| 1977 | 0.0139 SLC | +90.0% |
| 1978 | 0.0152 SLC | +8.9% |
| 1979 | 0.0157 SLC | +3.2% |
| 1980 | 0.0452 SLC | +188.7% |
| 1981 | 0.0449 SLC | -0.8% |
| 1982 | 0.0749 SLC | +66.9% |
| 1983 | 0.1328 SLC | +77.2% |
| 1984 | 0.1787 SLC | +34.6% |
| 1985 | 0.4933 SLC | +176.0% |
| 1986 | 0.6926 SLC | +40.4% |
| 1987 | 0.9093 SLC | +31.3% |
| 1988 | 1.32 SLC | +45.0% |
| 1989 | 2.18 SLC | +65.2% |
| 1990 | 2.9 SLC | +33.1% |
| 1991 | 3.28 SLC | +13.0% |
| 1992 | 3.63 SLC | +10.8% |
| 1993 | 3.87 SLC | +6.6% |
| 1994 | 4.18 SLC | +7.9% |
| 1995 | 5.02 SLC | +20.2% |
| 1996 | 5.67 SLC | +12.9% |
| 1997 | 6.76 SLC | +19.3% |
| 1998 | 12.52 SLC | +85.2% |
| 1999 | 28.43 SLC | +127.1% |
| 2000 | 35.56 SLC | +25.1% |
| 2001 | 38.62 SLC | +8.6% |
| 2002 | 42.35 SLC | +9.7% |
| 2003 | 48.01 SLC | +13.3% |
| 2004 | 53 SLC | +10.4% |
| 2005 | 57.14 SLC | +7.8% |
| 2006 | 67.29 SLC | +17.8% |
| 2007 | 68.17 SLC | +1.3% |
| 2008 | 72.23 SLC | +6.0% |
| 2009 | 69.15 SLC | -4.3% |
| 2010 | 74.88 SLC | +8.3% |
| 2011 | 82.1 SLC | +9.6% |
| 2012 | 86.79 SLC | +5.7% |
| 2013 | 92.41 SLC | +6.5% |
| 2014 | 97.71 SLC | +5.7% |
| 2015 | 100 SLC | +2.3% |
| 2016 | 103.02 SLC | +3.0% |
| 2017 | 104.93 SLC | +1.9% |
| 2018 | 106.94 SLC | +1.9% |
| 2019 | 108.23 SLC | +1.2% |
| 2020 | 111.4 SLC | +2.9% |
| 2021 | 115.17 SLC | +3.4% |
| 2022 | 128.55 SLC | +11.6% |
| 2023 | 151.89 SLC | +18.2% |
| 2024 | 173.02 SLC | +13.9% |
Biggest year-on-year movements
Years where GDP Deflator — Value Standard Local Currency, 2015 prices in Lao People's Democratic Republic 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 |
|---|---|---|---|
| 1980 | +188.7% | 0.0157 SLC | 0.0452 SLC |
| 1985 | +176.0% | 0.1787 SLC | 0.4933 SLC |
| 1999 | +127.1% | 12.52 SLC | 28.43 SLC |
| 1977 | +90.0% | 0.0073 SLC | 0.0139 SLC |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 0.0074 SLC | 0.0021 SLC | 0.0157 SLC | 10 |
| 1980s | 0.6069 SLC | 0.0449 SLC | 2.18 SLC | 10 |
| 1990s | 7.63 SLC | 2.9 SLC | 28.43 SLC | 10 |
| 2000s | 55.15 SLC | 35.56 SLC | 72.23 SLC | 10 |
| 2010s | 95.7 SLC | 74.88 SLC | 108.23 SLC | 10 |
| 2020s | 136.01 SLC | 111.4 SLC | 173.02 SLC | 5 |
Countries ranked near Lao People's Democratic Republic
More economy & growth data for Lao People's Democratic Republic
- Gross Fixed Capital Formation Deflator — Value Standard Local 1.97 % change on previous year (2024)
- GDP Deflator — Value US$, 2015 prices, annual growth rate -6.93 % change on previous year (2024)
- GDP Deflator — Value Standard Local Currency, 2015 prices, annual 13.91 % change on previous year (2024)
- Gross Fixed Capital Formation Deflator — Value US$, 2015 prices -16.69 % change on previous year (2024)
- Gross Domestic Product — Value US$, annual growth rate -2.97 % change on previous year (2024)
- Gross Domestic Product — Value Standard Local Currency, 2015 prices 4.26 % change on previous year (2024)
- Gross Domestic Product — Value US$, 2015 prices, annual growth rate 4.26 % change on previous year (2024)
- Gross Fixed Capital Formation — Value Standard Local Currency, annual 8 % change on previous year (2024)
- Gross Fixed Capital Formation — Value US$, 2015 prices, annual growth 5.92 % change on previous year (2024)
- Gross Fixed Capital Formation — Value US$, annual growth rate -11.76 % change on previous year (2024)
Frequently asked questions
- What is gdp deflator — value standard local currency, 2015 prices in Lao People's Democratic Republic?
- Gdp deflator — value standard local currency, 2015 prices in Lao People's Democratic Republic was 173.02 SLC in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest gdp deflator — value standard local currency, 2015 prices recorded in Lao People's Democratic Republic?
- The highest recorded value was 173.02 SLC in 2024.
- What is the lowest gdp deflator — value standard local currency, 2015 prices recorded in Lao People's Democratic Republic?
- The lowest recorded value was 0.0021 SLC in 1970.
- How does Lao People's Democratic Republic rank for gdp deflator — value standard local currency, 2015 prices?
- Lao People's Democratic Republic ranks 46th out of 209 countries with data for 2024.
- Is gdp deflator — value standard local currency, 2015 prices rising or falling in Lao People's Democratic Republic?
- Over the last ten years it is up 77.1%. The long-run trend across the full record is volatile.
- Where does this Lao People's Democratic Republic data come from?
- The figures come from Food and Agriculture Organization of the United Nations, published as part of GDP Deflator — Value Standard Local Currency, 2015 prices. Statizoid updates them automatically from the source API.
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About this data
The FAOSTAT Deflators database provides the following selection of price deflator series by country and at regional level: Gross Domestic Product deflator, Gross Fixed Capital Formation deflator, Manufacturing Value-Added deflator, and Agriculture, Forestry, Fishery Valued-Added deflator. In the FAOSTAT Deflators database, all series are derived from the United Nations Statistics Division (UNSD) National Accounts Analysis of Main Aggregates database (UNSD AMA). In particular, the implicit Gross Domestic Product deflator, the implicit Gross Fixed Capital Formation deflator, the implicit value added deflator of Agriculture, Forestry, Fishery and the implicit value added deflator of Manufacturing are obtained by dividing the series in current prices by those in constant 2015 prices (base year).