Gross domestic product (GDP), Constant prices, Purchasing power in Lao People's Democratic Republic
Lao People's Democratic Republic: Gross domestic product (GDP), Constant prices, Purchasing power was 56.15 in 2019. ◆ Volatile
Gross domestic product (GDP), Constant prices, Purchasing power in Lao People's Democratic Republic, 1970–2019
Source: International Monetary Fund.
Analysis
In 2019, gross domestic product (gdp), constant prices, purchasing power in Lao People's Democratic Republic stood at 56.15. That is the highest value across all 50 years on record.
Compared with earlier readings it is up 4.7% on the previous year and up 99.9% over ten years.
Over the whole period, gross domestic product (gdp), constant prices, purchasing power in Lao People's Democratic Republic peaked at 56.15 in 2019 and was at its lowest, 3.21, in 1970.
Lao People's Democratic Republic ranks 107th of 193 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Gross domestic product (GDP), Constant prices, Purchasing power in Lao People's Democratic Republic, year by year
| Year | Value | Change |
|---|---|---|
| 1970 | 3.21 | — |
| 1971 | 3.37 | +5.0% |
| 1972 | 3.49 | +3.5% |
| 1973 | 3.8 | +8.7% |
| 1974 | 3.93 | +3.6% |
| 1975 | 4.2 | +6.7% |
| 1976 | 4.32 | +3.0% |
| 1977 | 4.23 | -2.0% |
| 1978 | 4.28 | +1.0% |
| 1979 | 4.19 | -2.0% |
| 1980 | 4.61 | +10.0% |
| 1981 | 5.32 | +15.3% |
| 1982 | 5.69 | +7.1% |
| 1983 | 5.96 | +4.7% |
| 1984 | 6.39 | +7.2% |
| 1985 | 6.71 | +5.1% |
| 1986 | 7.04 | +4.9% |
| 1987 | 6.94 | -1.4% |
| 1988 | 6.8 | -2.0% |
| 1989 | 7.76 | +14.2% |
| 1990 | 8.28 | +6.7% |
| 1991 | 8.64 | +4.3% |
| 1992 | 9.12 | +5.6% |
| 1993 | 9.66 | +5.9% |
| 1994 | 10.4 | +7.7% |
| 1995 | 11.18 | +7.5% |
| 1996 | 11.95 | +6.9% |
| 1997 | 12.78 | +6.9% |
| 1998 | 13.29 | +4.0% |
| 1999 | 14.25 | +7.3% |
| 2000 | 15.08 | +5.8% |
| 2001 | 15.95 | +5.8% |
| 2002 | 17.04 | +6.9% |
| 2003 | 18.1 | +6.2% |
| 2004 | 19.37 | +7.0% |
| 2005 | 20.69 | +6.8% |
| 2006 | 20.5 | -0.9% |
| 2007 | 24.24 | +18.2% |
| 2008 | 26.12 | +7.8% |
| 2009 | 28.08 | +7.5% |
| 2010 | 30.37 | +8.1% |
| 2011 | 32.81 | +8.0% |
| 2012 | 35.4 | +7.9% |
| 2013 | 38.24 | +8.0% |
| 2014 | 41.15 | +7.6% |
| 2015 | 44.14 | +7.3% |
| 2016 | 47.24 | +7.0% |
| 2017 | 50.5 | +6.9% |
| 2018 | 53.65 | +6.2% |
| 2019 | 56.15 | +4.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 3.9 | 3.21 | 4.32 | 10 |
| 1980s | 6.32 | 4.61 | 7.76 | 10 |
| 1990s | 10.95 | 8.28 | 14.25 | 10 |
| 2000s | 20.52 | 15.08 | 28.08 | 10 |
| 2010s | 42.96 | 30.37 | 56.15 | 10 |
Countries ranked near Lao People's Democratic Republic
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, purchasing power in Lao People's Democratic Republic?
- Gross domestic product (gdp), constant prices, purchasing power in Lao People's Democratic Republic was 56.15 in 2019, according to International Monetary Fund.
- What is the highest gross domestic product (gdp), constant prices, purchasing power recorded in Lao People's Democratic Republic?
- The highest recorded value was 56.15 in 2019.
- What is the lowest gross domestic product (gdp), constant prices, purchasing power recorded in Lao People's Democratic Republic?
- The lowest recorded value was 3.21 in 1970.
- How does Lao People's Democratic Republic rank for gross domestic product (gdp), constant prices, purchasing power?
- Lao People's Democratic Republic ranks 107th out of 193 countries with data for 2019.
- Is gross domestic product (gdp), constant prices, purchasing power rising or falling in Lao People's Democratic Republic?
- Over the last ten years it is up 99.9%. 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 International Monetary Fund, published as part of Gross domestic product (GDP), Constant prices, Purchasing power parity (PPP) international dollar, ICP benchmark 2017. Statizoid updates them automatically from the source API.
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About this data
This dataset provides comprehensive data for investment and capital stock for the general government, private sector and public-private partnerships, across the Fund member countries.