Gross domestic product (GDP), Constant prices, Percent change in Lao People's Democratic Republic
Lao People's Democratic Republic: Gross domestic product (GDP), Constant prices, Percent change was 2.97 in 2031. ▼ Falling
Gross domestic product (GDP), Constant prices, Percent change in Lao People's Democratic Republic, 1990–2031
Source: International Monetary Fund.
Analysis
Lao People's Democratic Republic recorded 2.97 for gross domestic product (gdp), constant prices, percent change in 2031.
The figure is down 0.5% on the previous year and up 44.1% over ten years.
Over the whole period, gross domestic product (gdp), constant prices, percent change in Lao People's Democratic Republic peaked at 8.95 in 2006 and was at its lowest, -0.4349, in 2020.
That places Lao People's Democratic Republic 19th out of 37 countries with data for 2031, putting it in the middle of the range.
The long-run direction has been consistently falling across the 42 years of available data.
Gross domestic product (GDP), Constant prices, Percent change in Lao People's Democratic Republic, year by year
| Year | Value | Change |
|---|---|---|
| 1990 | 6.69 | — |
| 1991 | 4 | -40.2% |
| 1992 | 7 | +75.0% |
| 1993 | 5.87 | -16.2% |
| 1994 | 8.16 | +39.1% |
| 1995 | 7.04 | -13.7% |
| 1996 | 6.89 | -2.2% |
| 1997 | 6.91 | +0.2% |
| 1998 | 4.28 | -38.0% |
| 1999 | 4.03 | -5.9% |
| 2000 | 6.43 | +59.6% |
| 2001 | 4.77 | -25.8% |
| 2002 | 6.81 | +42.7% |
| 2003 | 6.18 | -9.2% |
| 2004 | 7.19 | +16.3% |
| 2005 | 6.94 | -3.4% |
| 2006 | 8.95 | +29.0% |
| 2007 | 7.85 | -12.3% |
| 2008 | 7.82 | -0.4% |
| 2009 | 7.37 | -5.7% |
| 2010 | 8.02 | +8.8% |
| 2011 | 7.99 | -0.4% |
| 2012 | 7.81 | -2.3% |
| 2013 | 8.03 | +2.8% |
| 2014 | 7.61 | -5.2% |
| 2015 | 7.27 | -4.5% |
| 2016 | 7.02 | -3.4% |
| 2017 | 6.89 | -1.9% |
| 2018 | 6.25 | -9.3% |
| 2019 | 4.65 | -25.5% |
| 2020 | -0.4349 | -109.3% |
| 2021 | 2.06 | -574.0% |
| 2022 | 2.25 | +9.3% |
| 2023 | 3.66 | +62.4% |
| 2024 | 4.3 | +17.5% |
| 2025 | 4.77 | +11.0% |
| 2026 | 4.01 | -15.9% |
| 2027 | 3.96 | -1.4% |
| 2028 | 3.5 | -11.5% |
| 2029 | 3 | -14.3% |
| 2030 | 2.98 | -0.6% |
| 2031 | 2.97 | -0.5% |
Lao People's Democratic Republic compared with similar countries
- Lao People's Democratic Republic's 2.97 is below the median for lower middle income countries, which is 3.15, 94% of the median. (12 countries reporting)
- Lao People's Democratic Republic's 2.97 is above the median for East Asia & Pacific, which is 2.5, 1.2× the median. (30 countries reporting)
Biggest year-on-year movements
Years where Gross domestic product (GDP), Constant prices, Percent change 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 |
|---|---|---|---|
| 2021 | +574.0% | -0.4349 | 2.06 |
| 2020 | -109.3% | 4.65 | -0.4349 |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 6.09 | 4 | 8.16 | 10 |
| 2000s | 7.03 | 4.77 | 8.95 | 10 |
| 2010s | 7.15 | 4.65 | 8.03 | 10 |
| 2020s | 3.11 | -0.4349 | 4.77 | 10 |
| 2030s | 2.98 | 2.97 | 2.98 | 2 |
Countries ranked near Lao People's Democratic Republic
- 16 Papua New Guinea 3.1 compare
- 17 Macau, China 3.02 compare
- 18 Solomon Islands 2.98 compare
- 20 Brunei Darussalam 2.9 compare
- 21 Singapore 2.5 compare
- 22 Thailand 2.5 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)
- 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 domestic product (gdp), constant prices, percent change in Lao People's Democratic Republic?
- Gross domestic product (gdp), constant prices, percent change in Lao People's Democratic Republic was 2.97 in 2031, according to International Monetary Fund.
- What is the highest gross domestic product (gdp), constant prices, percent change recorded in Lao People's Democratic Republic?
- The highest recorded value was 8.95 in 2006.
- What is the lowest gross domestic product (gdp), constant prices, percent change recorded in Lao People's Democratic Republic?
- The lowest recorded value was -0.4349 in 2020.
- How does Lao People's Democratic Republic rank for gross domestic product (gdp), constant prices, percent change?
- Lao People's Democratic Republic ranks 19th out of 37 countries with data for 2031.
- Is gross domestic product (gdp), constant prices, percent change rising or falling in Lao People's Democratic Republic?
- Over the last ten years it is up 44.1%. The long-run trend across the full record is falling.
- Where does this Lao People's Democratic Republic data come from?
- The figures come from International Monetary Fund, published as part of Gross domestic product (GDP), Constant prices, Percent change, Domestic currency (National Accounts Statistics (SNA)). Statizoid updates them automatically from the source API.
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About this data
APD Regional Economic Outlook (REO) provides information on recent economic developments and prospects for countries in Asia and the Pacific. Data for the REO for Asia and Pacific is prepared in conjunction with the semi-annual World Economic Outlook (WEO) exercises, spring and fall. Data are consistent with the projections underlying the WEO. REO aggregate data may differ from WEO aggregates due to differences in group membership. Composite data for country groups are weighted averages of data for individual countries. Arithmetic weighted averages are used for all concepts except for inflation and broad money, for which geometric averages are used. PPP GDP weights from the WEO database are used for the aggregation of real GDP growth, real non-oil GDP growth, real per capita GDP growth, investment, national savings, broad money, claims on the nonfinancial private sector, and real and nominal effective exchange rates. Aggregates for other concepts are weighted by GDP in U.S. dollars at market exchange rates.