GDP Deflator — Value US$, 2015 prices in Lao People's Democratic Republic
Lao People's Democratic Republic: GDP Deflator — Value US$, 2015 prices was 64.95 USD in 2024. ◆ Volatile
GDP Deflator — Value US$, 2015 prices in Lao People's Democratic Republic, 1970–2024
Source: Food and Agriculture Organization of the United Nations. Measured in USD.
Analysis
In 2024, gdp deflator — value us$, 2015 prices in Lao People's Democratic Republic stood at 64.95 USD.
That represents a change of down 6.9% on the previous year and down 34.2% over ten years.
Over the whole period, gdp deflator — value us$, 2015 prices in Lao People's Democratic Republic peaked at 103.46 USD in 2018 and was at its lowest, 11.34 USD, in 1970.
The series is highly variable year to year, so single readings are best treated with caution.
GDP Deflator — Value US$, 2015 prices in Lao People's Democratic Republic, year by year
| Year | USD | Change |
|---|---|---|
| 1970 | 11.34 USD | — |
| 1971 | 11.91 USD | +5.1% |
| 1972 | 12.43 USD | +4.3% |
| 1973 | 13.11 USD | +5.5% |
| 1974 | 14.29 USD | +9.0% |
| 1975 | 15.61 USD | +9.3% |
| 1976 | 16.47 USD | +5.5% |
| 1977 | 17.5 USD | +6.2% |
| 1978 | 18.73 USD | +7.0% |
| 1979 | 20.28 USD | +8.3% |
| 1980 | 22.11 USD | +9.0% |
| 1981 | 24.21 USD | +9.5% |
| 1982 | 25.7 USD | +6.2% |
| 1983 | 26.71 USD | +3.9% |
| 1984 | 27.67 USD | +3.6% |
| 1985 | 28.55 USD | +3.2% |
| 1986 | 29.12 USD | +2.0% |
| 1987 | 29.84 USD | +2.5% |
| 1988 | 30.9 USD | +3.5% |
| 1989 | 32.11 USD | +3.9% |
| 1990 | 33.31 USD | +3.7% |
| 1991 | 37.94 USD | +13.9% |
| 1992 | 41.22 USD | +8.7% |
| 1993 | 43.95 USD | +6.6% |
| 1994 | 47.31 USD | +7.6% |
| 1995 | 50.7 USD | +7.2% |
| 1996 | 50 USD | -1.4% |
| 1997 | 43.59 USD | -12.8% |
| 1998 | 30.85 USD | -29.2% |
| 1999 | 32.53 USD | +5.5% |
| 2000 | 36.64 USD | +12.6% |
| 2001 | 35.06 USD | -4.3% |
| 2002 | 34.23 USD | -2.4% |
| 2003 | 36.92 USD | +7.9% |
| 2004 | 40.7 USD | +10.2% |
| 2005 | 43.58 USD | +7.1% |
| 2006 | 53.86 USD | +23.6% |
| 2007 | 57.7 USD | +7.1% |
| 2008 | 67.17 USD | +16.4% |
| 2009 | 66.03 USD | -1.7% |
| 2010 | 73.74 USD | +11.7% |
| 2011 | 83.1 USD | +12.7% |
| 2012 | 88.11 USD | +6.0% |
| 2013 | 95.89 USD | +8.8% |
| 2014 | 98.74 USD | +3.0% |
| 2015 | 100 USD | +1.3% |
| 2016 | 103.06 USD | +3.1% |
| 2017 | 103.44 USD | +0.4% |
| 2018 | 103.46 USD | +0.0% |
| 2019 | 101.34 USD | -2.0% |
| 2020 | 100.1 USD | -1.2% |
| 2021 | 96.52 USD | -3.6% |
| 2022 | 74.44 USD | -22.9% |
| 2023 | 69.79 USD | -6.2% |
| 2024 | 64.95 USD | -6.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 15.17 USD | 11.34 USD | 20.28 USD | 10 |
| 1980s | 27.69 USD | 22.11 USD | 32.11 USD | 10 |
| 1990s | 41.14 USD | 30.85 USD | 50.7 USD | 10 |
| 2000s | 47.19 USD | 34.23 USD | 67.17 USD | 10 |
| 2010s | 95.09 USD | 73.74 USD | 103.46 USD | 10 |
| 2020s | 81.16 USD | 64.95 USD | 100.1 USD | 5 |
Countries ranked near Lao People's Democratic Republic
More economy & growth data for Lao People's Democratic Republic
- Gross Domestic Product — Value US$, 2015 prices 22,420 million USD (2024)
- Gross Fixed Capital Formation — Value Standard Local Currency 78.08 million million SLC (2024)
- Gross Domestic Product — Annual growth US$ per capita, 2015 prices 2.85 % (2024)
- Gross Domestic Product — Annual growth US$, 2015 prices 4.26 % (2024)
- Gross Domestic Product — Annual growth US$ per capita -4.28 % (2024)
- Gross Domestic Product — Annual growth US$ -2.97 % (2024)
- Gross Domestic Product — Annual growth Standard Local Currency, 2015 4.26 % (2024)
- Gross Domestic Product — Annual growth Standard Local Currency 18.76 % (2024)
- Gross Domestic Product — Value Standard Local Currency, 2015 prices 182.22 million million SLC (2024)
- Gross Domestic Product — Value US$ per capita 1,874 USD (2024)
Frequently asked questions
- What is gdp deflator — value us$, 2015 prices in Lao People's Democratic Republic?
- Gdp deflator — value us$, 2015 prices in Lao People's Democratic Republic was 64.95 USD in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest gdp deflator — value us$, 2015 prices recorded in Lao People's Democratic Republic?
- The highest recorded value was 103.46 USD in 2018.
- What is the lowest gdp deflator — value us$, 2015 prices recorded in Lao People's Democratic Republic?
- The lowest recorded value was 11.34 USD in 1970.
- How does Lao People's Democratic Republic rank for gdp deflator — value us$, 2015 prices?
- Lao People's Democratic Republic ranks 18th out of 18 regions with data for 2024.
- Is gdp deflator — value us$, 2015 prices rising or falling in Lao People's Democratic Republic?
- Over the last ten years it is down 34.2%. 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 US$, 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).