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 71,386 in 2027. ◆ Volatile
Gross Domestic Product, GDP in millions constant 2021 international $ in Lao People's Democratic Republic, 1991–2027
Source: International Labour Organization.
Analysis
In 2027, gross domestic product, gdp in millions constant 2021 international $ in Lao People's Democratic Republic stood at 71,386. That is the highest value across all 37 years on record.
The figure is up 2.5% on the previous year and up 36.9% over ten years.
Over the whole period, gross domestic product, gdp in millions constant 2021 international $ in Lao People's Democratic Republic peaked at 71,386 in 2027 and was at its lowest, 9,019, in 1991.
That places Lao People's Democratic Republic 115th out of 188 countries with data for 2027, putting it 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 in millions constant 2021 international $ in Lao People's Democratic Republic, year by year
| Year | Value | Change |
|---|---|---|
| 1991 | 9,019 | — |
| 1992 | 9,521 | +5.6% |
| 1993 | 10,084 | +5.9% |
| 1994 | 10,906 | +8.2% |
| 1995 | 11,673 | +7.0% |
| 1996 | 12,482 | +6.9% |
| 1997 | 13,340 | +6.9% |
| 1998 | 13,869 | +4.0% |
| 1999 | 14,882 | +7.3% |
| 2000 | 15,745 | +5.8% |
| 2001 | 16,651 | +5.8% |
| 2002 | 17,636 | +5.9% |
| 2003 | 18,706 | +6.1% |
| 2004 | 19,896 | +6.4% |
| 2005 | 21,310 | +7.1% |
| 2006 | 23,146 | +8.6% |
| 2007 | 24,905 | +7.6% |
| 2008 | 26,854 | +7.8% |
| 2009 | 28,868 | +7.5% |
| 2010 | 31,330 | +8.5% |
| 2011 | 33,848 | +8.0% |
| 2012 | 36,565 | +8.0% |
| 2013 | 39,500 | +8.0% |
| 2014 | 42,506 | +7.6% |
| 2015 | 45,596 | +7.3% |
| 2016 | 48,799 | +7.0% |
| 2017 | 52,162 | +6.9% |
| 2018 | 55,421 | +6.2% |
| 2019 | 58,446 | +5.5% |
| 2020 | 58,192 | -0.4% |
| 2021 | 59,391 | +2.1% |
| 2022 | 60,728 | +2.3% |
| 2023 | 62,950 | +3.7% |
| 2024 | 65,656 | +4.3% |
| 2025 | 67,946 | +3.5% |
| 2026 | 69,647 | +2.5% |
| 2027 | 71,386 | +2.5% |
Lao People's Democratic Republic compared with similar countries
- Lao People's Democratic Republic's 71,386 is below the median for lower middle income countries, which is 75,074, 95% of the median. (46 countries reporting)
- Lao People's Democratic Republic's 71,386 is below the median for East Asia & Pacific, which is 84,340, 85% of the median. (29 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 11,753 | 9,019 | 14,882 | 9 |
| 2000s | 21,372 | 15,745 | 28,868 | 10 |
| 2010s | 44,417 | 31,330 | 58,446 | 10 |
| 2020s | 64,487 | 58,192 | 71,386 | 8 |
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 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 71,386 in 2027, according to International Labour Organization.
- 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 71,386 in 2027.
- 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 9,019 in 1991.
- How does Lao People's Democratic Republic rank for gross domestic product, gdp in millions constant 2021 international $?
- Lao People's Democratic Republic ranks 115th out of 188 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 up 36.9%. 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 Labour Organization, published as part of Gross Domestic Product, GDP in millions constant 2021 international $ at PPP (ILO modelled estimates). Statizoid updates them automatically from the source API.
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About this data
Gross Domestic Product (GDP), Purchasing Power Parity (millions of PPP, constant 2021 international dollars) is a measure to assess the total economic output of a country, adjusted for differences in the purchasing power of the different currencies relative to the US dollar. It is derived from the World Development Indicators of the World Bank. For more information, refer to the ILO Modelled Estimates (ILOEST) database description.