Gross Domestic Product, GDP in millions constant 2021 international $ in Lao People's Democratic Republic
Lao People's Democratic Republic: Gross Domestic Product, GDP in millions constant 2021 international $ was 2.5 % change on previous year in 2027. ▼ Falling
Gross Domestic Product, GDP in millions constant 2021 international $ in Lao People's Democratic Republic, 1992–2027
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
In 2027, gross domestic product, gdp in millions constant 2021 international $ in Lao People's Democratic Republic stood at 2.5 % change on previous year.
That represents a change of down 0.3% on the previous year and down 63.8% over ten years.
Over the whole period, gross domestic product, gdp in millions constant 2021 international $ in Lao People's Democratic Republic peaked at 8.62 % change on previous year in 2006 and was at its lowest, -0.4349 % change on previous year, in 2020.
Lao People's Democratic Republic ranks 121st of 189 countries on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 36 years of available data.
Gross Domestic Product, GDP in millions constant 2021 international $ in Lao People's Democratic Republic, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1992 | 5.56 % change on previous year | — |
| 1993 | 5.91 % change on previous year | +6.3% |
| 1994 | 8.16 % change on previous year | +38.0% |
| 1995 | 7.03 % change on previous year | -13.8% |
| 1996 | 6.93 % change on previous year | -1.5% |
| 1997 | 6.87 % change on previous year | -0.8% |
| 1998 | 3.97 % change on previous year | -42.3% |
| 1999 | 7.31 % change on previous year | +84.1% |
| 2000 | 5.8 % change on previous year | -20.6% |
| 2001 | 5.75 % change on previous year | -0.8% |
| 2002 | 5.92 % change on previous year | +2.9% |
| 2003 | 6.07 % change on previous year | +2.5% |
| 2004 | 6.36 % change on previous year | +4.8% |
| 2005 | 7.11 % change on previous year | +11.8% |
| 2006 | 8.62 % change on previous year | +21.3% |
| 2007 | 7.6 % change on previous year | -11.9% |
| 2008 | 7.83 % change on previous year | +3.0% |
| 2009 | 7.5 % change on previous year | -4.1% |
| 2010 | 8.53 % change on previous year | +13.7% |
| 2011 | 8.04 % change on previous year | -5.7% |
| 2012 | 8.03 % change on previous year | -0.2% |
| 2013 | 8.03 % change on previous year | +0.0% |
| 2014 | 7.61 % change on previous year | -5.2% |
| 2015 | 7.27 % change on previous year | -4.5% |
| 2016 | 7.02 % change on previous year | -3.4% |
| 2017 | 6.89 % change on previous year | -1.9% |
| 2018 | 6.25 % change on previous year | -9.4% |
| 2019 | 5.46 % change on previous year | -12.6% |
| 2020 | -0.4349 % change on previous year | -108.0% |
| 2021 | 2.06 % change on previous year | -573.9% |
| 2022 | 2.25 % change on previous year | +9.3% |
| 2023 | 3.66 % change on previous year | +62.4% |
| 2024 | 4.3 % change on previous year | +17.5% |
| 2025 | 3.49 % change on previous year | -18.9% |
| 2026 | 2.5 % change on previous year | -28.2% |
| 2027 | 2.5 % change on previous year | -0.3% |
Biggest year-on-year movements
Years where Gross Domestic Product, GDP in millions constant 2021 international $ 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 | +573.9% | -0.4349 % change on previous year | 2.06 % change on previous year |
| 2020 | -108.0% | 5.46 % change on previous year | -0.4349 % change on previous year |
| 1999 | +84.1% | 3.97 % change on previous year | 7.31 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 6.47 % change on previous year | 3.97 % change on previous year | 8.16 % change on previous year | 8 |
| 2000s | 6.85 % change on previous year | 5.75 % change on previous year | 8.62 % change on previous year | 10 |
| 2010s | 7.31 % change on previous year | 5.46 % change on previous year | 8.53 % change on previous year | 10 |
| 2020s | 2.54 % change on previous year | -0.4349 % change on previous year | 4.3 % change on previous year | 8 |
Countries ranked near Lao People's Democratic Republic
- 118 Angola 2.51 % change on previous year compare
- 119 Slovenia 2.5 % change on previous year compare
- 120 Colombia 2.5 % change on previous year compare
- 122 Slovakia 2.5 % change on previous year compare
- 123 Singapore 2.49 % change on previous year compare
- 124 Peru 2.49 % change on previous year 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 in millions constant 2021 international $ in Lao People's Democratic Republic?
- Gross domestic product, gdp in millions constant 2021 international $ in Lao People's Democratic Republic was 2.5 % change on previous year in 2027, according to Statizoid (derived).
- What is the highest gross domestic product, gdp in millions constant 2021 international $ recorded in Lao People's Democratic Republic?
- The highest recorded value was 8.62 % change on previous year in 2006.
- What is the lowest gross domestic product, gdp in millions constant 2021 international $ recorded in Lao People's Democratic Republic?
- The lowest recorded value was -0.4349 % change on previous year in 2020.
- How does Lao People's Democratic Republic rank for gross domestic product, gdp in millions constant 2021 international $?
- Lao People's Democratic Republic ranks 121st out of 189 countries with data for 2027.
- Is gross domestic product, gdp in millions constant 2021 international $ rising or falling in Lao People's Democratic Republic?
- Over the last ten years it is down 63.8%. 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 Statizoid (derived), published as part of Gross Domestic Product, GDP in millions constant 2021 international $ at PPP (ILO modelled estimates), annual growth rate. Statizoid updates them automatically from the source API.
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CSV · JSON — 36 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in Gross Domestic Product, GDP in millions constant 2021 international $ at PPP (ILO modelled estimates). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Gross Domestic Product, GDP in millions constant 2021 international $ International Labour Organization
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
The year-on-year percentage change in Gross Domestic Product, GDP in millions constant 2021 international $ at PPP (ILO modelled estimates). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.