Gross capital formation in Lao People's Democratic Republic
Lao People's Democratic Republic: Gross capital formation was 29.0% in 2016. ▲ Rising
Gross capital formation in Lao People's Democratic Republic, 1984–2016
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in % of GDP.
Analysis
Lao People's Democratic Republic recorded 29.0% for gross capital formation in 2016.
That represents a change of down 8.1% on the previous year and down 3.5% over ten years.
Over the whole period, gross capital formation in Lao People's Democratic Republic peaked at 34.1% in 2005 and was at its lowest, 6.2%, in 1984.
That places Lao People's Democratic Republic 45th out of 187 countries with data for 2016, putting it in the top quarter.
The long-run direction has been consistently rising across the 22 years of available data.
Gross capital formation in Lao People's Democratic Republic, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1984 | 6.2% | — |
| 1985 | 7.0% | +14.0% |
| 1986 | 6.9% | -1.6% |
| 1987 | 10.2% | +47.0% |
| 1988 | 13.5% | +32.5% |
| 2000 | 13.4% | -0.6% |
| 2001 | 13.5% | +1.0% |
| 2002 | 29.0% | +114.4% |
| 2003 | 27.8% | -4.4% |
| 2004 | 31.8% | +14.3% |
| 2005 | 34.1% | +7.3% |
| 2006 | 30.1% | -11.7% |
| 2007 | 32.3% | +7.5% |
| 2008 | 31.7% | -2.0% |
| 2009 | 33.9% | +7.1% |
| 2010 | 27.5% | -19.1% |
| 2011 | 28.1% | +2.2% |
| 2012 | 32.5% | +15.8% |
| 2013 | 30.6% | -5.7% |
| 2014 | 29.8% | -2.8% |
| 2015 | 31.6% | +5.9% |
| 2016 | 29.0% | -8.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 8.8% | 6.2% | 13.5% | 5 |
| 2000s | 27.8% | 13.4% | 34.1% | 10 |
| 2010s | 29.9% | 27.5% | 32.5% | 7 |
Countries ranked near Lao People's Democratic Republic
- 42 Congo 29.4% compare
- 43 Botswana 29.2% compare
- 44 Republic of Korea 29.1% compare
- 46 Bosnia and Herzegovina 28.7% compare
- 47 Bangladesh 28.5% compare
- 48 Bahrain 28.4% 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)
- Gross capital formation (current US$), annual growth rate 1.39 % change on previous year (2016)
- Gross capital formation (current US$), per unit of GDP 0.2901 current US$ per US$ of GDP (2016)
- Gross capital formation (current US$), per capita 668.11 current US$ per person (2016)
- Gross capital formation (current LCU), annual growth rate 1.35 % change on previous year (2016)
- Gross capital formation (current LCU), per unit of GDP 2,357 current LCU per US$ of GDP (2016)
- Gross capital formation (current LCU), per capita 5.43 million current LCU per person (2016)
- Gross capital formation (constant 2015 US$), annual growth rate 7 % change on previous year (2016)
- Gross capital formation (constant 2015 US$), per unit of GDP 0.3061 constant 2015 US$ per US$ of GDP (2016)
Frequently asked questions
- What is gross capital formation in Lao People's Democratic Republic?
- Gross capital formation in Lao People's Democratic Republic was 29.0% in 2016, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest gross capital formation recorded in Lao People's Democratic Republic?
- The highest recorded value was 34.1% in 2005.
- What is the lowest gross capital formation recorded in Lao People's Democratic Republic?
- The lowest recorded value was 6.2% in 1984.
- How does Lao People's Democratic Republic rank for gross capital formation?
- Lao People's Democratic Republic ranks 45th out of 187 countries with data for 2016.
- Is gross capital formation rising or falling in Lao People's Democratic Republic?
- Over the last ten years it is down 3.5%. 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 Organizations and/or Central Banks, published as part of Gross capital formation (% of GDP). Statizoid updates them automatically from the source API.
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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 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.