General government final consumption expenditure in Lao People's Democratic Republic
Lao People's Democratic Republic: General government final consumption expenditure was 14.0% in 2016. ▲ Rising
General government final consumption expenditure in Lao People's Democratic Republic, 1984–2016
Source: Country official statistics, National Statistical Offices (NSOs). Measured in % of GDP.
Analysis
In 2016, general government final consumption expenditure in Lao People's Democratic Republic stood at 14.0%.
That represents a change of down 7.5% on the previous year and up 84.5% over ten years.
Over the whole period, general government final consumption expenditure in Lao People's Democratic Republic peaked at 17.1% in 2013 and was at its lowest, 6.5%, in 2000.
That places Lao People's Democratic Republic 120th out of 187 countries with data for 2016, putting it in the middle of the range.
The long-run direction has been consistently rising across the 22 years of available data.
General government final consumption expenditure in Lao People's Democratic Republic, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1984 | 6.5% | — |
| 1985 | 8.7% | +34.3% |
| 1986 | 8.6% | -1.0% |
| 1987 | 8.3% | -4.1% |
| 1988 | 10.9% | +30.9% |
| 2000 | 6.5% | -40.5% |
| 2001 | 6.5% | +0.4% |
| 2002 | 8.9% | +37.2% |
| 2003 | 7.7% | -14.0% |
| 2004 | 7.7% | +1.1% |
| 2005 | 8.2% | +5.4% |
| 2006 | 7.6% | -7.3% |
| 2007 | 7.9% | +4.5% |
| 2008 | 7.8% | -1.8% |
| 2009 | 13.4% | +72.1% |
| 2010 | 11.9% | -11.1% |
| 2011 | 11.6% | -2.8% |
| 2012 | 13.4% | +16.0% |
| 2013 | 17.1% | +27.3% |
| 2014 | 15.2% | -11.1% |
| 2015 | 15.1% | -0.5% |
| 2016 | 14.0% | -7.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 8.6% | 6.5% | 10.9% | 5 |
| 2000s | 8.2% | 6.5% | 13.4% | 10 |
| 2010s | 14.0% | 11.6% | 17.1% | 7 |
Countries ranked near Lao People's Democratic Republic
- 117 San Marino 14.1%
- 118 Bahrain 14.1% compare
- 119 Costa Rica 14.0% compare
- 121 Türkiye 13.9% compare
- 122 Georgia 13.8% compare
- 123 United States of America 13.6% compare
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)
- Final consumption expenditure (constant 2015 US$), per capita 1,869 constant 2015 US$ per person (2016)
- Gross national expenditure (current US$), annual growth rate 1.67 % change on previous year (2016)
- Gross national expenditure (current US$), per unit of GDP 1.09 current US$ per US$ of GDP (2016)
- Gross national expenditure (current US$), per capita 2,503 current US$ per person (2016)
- Gross national expenditure (current LCU), annual growth rate 1.63 % change on previous year (2016)
- Gross national expenditure (current LCU), per unit of GDP 8,829 current LCU per US$ of GDP (2016)
- Gross national expenditure (current LCU), per capita 20.34 million current LCU per person (2016)
- Gross national expenditure (constant 2015 US$), annual growth rate 4.56 % change on previous year (2016)
Frequently asked questions
- What is general government final consumption expenditure in Lao People's Democratic Republic?
- General government final consumption expenditure in Lao People's Democratic Republic was 14.0% in 2016, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest general government final consumption expenditure recorded in Lao People's Democratic Republic?
- The highest recorded value was 17.1% in 2013.
- What is the lowest general government final consumption expenditure recorded in Lao People's Democratic Republic?
- The lowest recorded value was 6.5% in 2000.
- How does Lao People's Democratic Republic rank for general government final consumption expenditure?
- Lao People's Democratic Republic ranks 120th out of 187 countries with data for 2016.
- Is general government final consumption expenditure rising or falling in Lao People's Democratic Republic?
- Over the last ten years it is up 84.5%. The long-run trend across the full record is rising.
- Where does this Lao People's Democratic Republic data come from?
- The figures come from Country official statistics, National Statistical Offices (NSOs), published as part of General government 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. General government FCE includes all government current expenditures for purchases of goods and services (including compensation of employees), and most expenditures on national defense and security, but excludes government military expenditures that are part of government capital formation. 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.