Gross capital formation in Laos
Laos: Gross capital formation was 34.53 trillion constant LCU in 2016. ▲ Rising
Gross capital formation in Laos, 2000–2016
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in constant LCU.
Analysis
Laos recorded 34.53 trillion constant LCU for gross capital formation in 2016. That is the highest value across all 17 years on record.
The figure is up 7.0% on the previous year and up 140.0% over ten years.
Over the whole period, gross capital formation in Laos peaked at 34.53 trillion constant LCU in 2016 and was at its lowest, 5.69 trillion constant LCU, in 2000.
Laos ranks 16th of 170 countries on this measure, in the top 10%.
The long-run direction has been consistently rising across the 17 years of available data.
Gross capital formation in Laos, year by year
| Year | constant LCU | Change |
|---|---|---|
| 2000 | 5.69 trillion constant LCU | — |
| 2001 | 6.11 trillion constant LCU | +7.3% |
| 2002 | 8.05 trillion constant LCU | +31.8% |
| 2003 | 8.16 trillion constant LCU | +1.3% |
| 2004 | 10.10 trillion constant LCU | +23.8% |
| 2005 | 11.29 trillion constant LCU | +11.9% |
| 2006 | 14.39 trillion constant LCU | +27.4% |
| 2007 | 19.50 trillion constant LCU | +35.5% |
| 2008 | 19.82 trillion constant LCU | +1.6% |
| 2009 | 20.08 trillion constant LCU | +1.3% |
| 2010 | 17.50 trillion constant LCU | -12.8% |
| 2011 | 20.57 trillion constant LCU | +17.5% |
| 2012 | 26.53 trillion constant LCU | +29.0% |
| 2013 | 26.58 trillion constant LCU | +0.2% |
| 2014 | 29.50 trillion constant LCU | +11.0% |
| 2015 | 32.27 trillion constant LCU | +9.4% |
| 2016 | 34.53 trillion constant LCU | +7.0% |
Laos compared with similar countries
- Laos's 34.53 trillion constant LCU is above the median for lower middle income countries, which is 100.52 billion constant LCU, 343.5× the median. (43 countries reporting)
- Laos's 34.53 trillion constant LCU is above the median for East Asia & Pacific, which is 80.47 billion constant LCU, 429.0× the median. (23 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 12.32 trillion constant LCU | 5.69 trillion constant LCU | 20.08 trillion constant LCU | 10 |
| 2010s | 26.78 trillion constant LCU | 17.50 trillion constant LCU | 34.53 trillion constant LCU | 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 gross capital formation in Laos?
- Gross capital formation in Laos was 34.53 trillion constant LCU in 2016, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest gross capital formation recorded in Laos?
- The highest recorded value was 34.53 trillion constant LCU in 2016.
- What is the lowest gross capital formation recorded in Laos?
- The lowest recorded value was 5.69 trillion constant LCU in 2000.
- How does Laos rank for gross capital formation?
- Laos ranks 16th out of 170 countries with data for 2016.
- Is gross capital formation rising or falling in Laos?
- Over the last ten years it is up 140.0%. The long-run trend across the full record is rising.
- Where does this Laos data come from?
- The figures come from Country official statistics, National Statistical Organizations and/or Central Banks, published as part of Gross capital formation (constant LCU). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 17 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Gross capital formation includes acquisitions less disposals of produced assets for purposes of fixed capital formation, inventories or valuables. This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment varies by country. This series is expressed in local currency units.