Gross Domestic Product: Value Standard … Gross annual growth rate in Laos
Laos: Gross Domestic Product: Value Standard … Gross annual growth rate was 18.76 % change on previous year in 2024. ◆ Volatile
Gross Domestic Product — Value Standard Local Currency, annual growth in Laos, 1971–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
In 2024, gross domestic product — value standard local currency, annual growth in Laos stood at 18.76 % change on previous year.
Compared with earlier readings it is down 18.9% on the previous year and up 36.2% over ten years.
Over the whole period, gross domestic product — value standard local currency, annual growth in Laos peaked at 217.54 % change on previous year in 1980 and was at its lowest, 1.1 % change on previous year, in 1979.
That places Laos 24th out of 218 countries with data for 2024, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Gross Domestic Product: Value Standard … Gross annual growth rate in Laos, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1971 | 6.39 % change on previous year | — |
| 1972 | 29.43 % change on previous year | +360.6% |
| 1973 | 42.23 % change on previous year | +43.5% |
| 1974 | 55.47 % change on previous year | +31.3% |
| 1975 | 38.4 % change on previous year | -30.8% |
| 1976 | 14.18 % change on previous year | -63.1% |
| 1977 | 86.19 % change on previous year | +507.9% |
| 1978 | 9.99 % change on previous year | -88.4% |
| 1979 | 1.1 % change on previous year | -89.0% |
| 1980 | 217.54 % change on previous year | +19635.4% |
| 1981 | 14.39 % change on previous year | -93.4% |
| 1982 | 78.76 % change on previous year | +447.2% |
| 1983 | 85.53 % change on previous year | +8.6% |
| 1984 | 44.29 % change on previous year | -48.2% |
| 1985 | 189.97 % change on previous year | +328.9% |
| 1986 | 47.27 % change on previous year | -75.1% |
| 1987 | 29.42 % change on previous year | -37.8% |
| 1988 | 42.1 % change on previous year | +43.1% |
| 1989 | 88.68 % change on previous year | +110.6% |
| 1990 | 42.05 % change on previous year | -52.6% |
| 1991 | 17.84 % change on previous year | -57.6% |
| 1992 | 16.99 % change on previous year | -4.8% |
| 1993 | 12.9 % change on previous year | -24.1% |
| 1994 | 16.2 % change on previous year | +25.6% |
| 1995 | 29.12 % change on previous year | +79.7% |
| 1996 | 20.65 % change on previous year | -29.1% |
| 1997 | 27.5 % change on previous year | +33.2% |
| 1998 | 92.65 % change on previous year | +236.8% |
| 1999 | 143.64 % change on previous year | +55.0% |
| 2000 | 32.36 % change on previous year | -77.5% |
| 2001 | 14.87 % change on previous year | -54.1% |
| 2002 | 17.19 % change on previous year | +15.6% |
| 2003 | 20.39 % change on previous year | +18.6% |
| 2004 | 18.15 % change on previous year | -11.0% |
| 2005 | 15.09 % change on previous year | -16.9% |
| 2006 | 16.7 % change on previous year | +10.6% |
| 2007 | 19.79 % change on previous year | +18.5% |
| 2008 | 14.2 % change on previous year | -28.2% |
| 2009 | 2.92 % change on previous year | -79.5% |
| 2010 | 17.1 % change on previous year | +486.3% |
| 2011 | 18.45 % change on previous year | +7.9% |
| 2012 | 14.07 % change on previous year | -23.7% |
| 2013 | 15.02 % change on previous year | +6.8% |
| 2014 | 13.77 % change on previous year | -8.3% |
| 2015 | 9.79 % change on previous year | -28.9% |
| 2016 | 10.26 % change on previous year | +4.8% |
| 2017 | 8.83 % change on previous year | -13.9% |
| 2018 | 8.33 % change on previous year | -5.7% |
| 2019 | 6.72 % change on previous year | -19.3% |
| 2020 | 6.31 % change on previous year | -6.1% |
| 2021 | 6.98 % change on previous year | +10.6% |
| 2022 | 16.56 % change on previous year | +137.3% |
| 2023 | 23.13 % change on previous year | +39.7% |
| 2024 | 18.76 % change on previous year | -18.9% |
Laos compared with similar countries
- Laos's 18.76 % change on previous year is above the median for lower middle income countries, which is 9.89 % change on previous year, 1.9× the median. (43 countries reporting)
- Laos's 18.76 % change on previous year is above the median for East Asia & Pacific, which is 7.02 % change on previous year, 2.7× the median. (27 countries reporting)
Biggest year-on-year movements
Years where Gross Domestic Product: Value Standard … Gross annual growth rate in Laos 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 |
|---|---|---|---|
| 1980 | +19635.4% | 1.1 % change on previous year | 217.54 % change on previous year |
| 1977 | +507.9% | 14.18 % change on previous year | 86.19 % change on previous year |
| 2010 | +486.3% | 2.92 % change on previous year | 17.1 % change on previous year |
| 1982 | +447.2% | 14.39 % change on previous year | 78.76 % change on previous year |
| 1972 | +360.6% | 6.39 % change on previous year | 29.43 % change on previous year |
| 1985 | +328.9% | 44.29 % change on previous year | 189.97 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 31.49 % change on previous year | 1.1 % change on previous year | 86.19 % change on previous year | 9 |
| 1980s | 83.79 % change on previous year | 14.39 % change on previous year | 217.54 % change on previous year | 10 |
| 1990s | 41.96 % change on previous year | 12.9 % change on previous year | 143.64 % change on previous year | 10 |
| 2000s | 17.17 % change on previous year | 2.92 % change on previous year | 32.36 % change on previous year | 10 |
| 2010s | 12.23 % change on previous year | 6.72 % change on previous year | 18.45 % change on previous year | 10 |
| 2020s | 14.35 % change on previous year | 6.31 % change on previous year | 23.13 % change on previous year | 5 |
Countries ranked near Laos
- 21 Sudan (former) 21.92 % change on previous year compare
- 22 Uzbekistan 20.76 % change on previous year compare
- 23 Haiti 19.23 % change on previous year compare
- 25 Nigeria 18.37 % change on previous year compare
- 26 Niger 16.96 % change on previous year compare
- 27 Nicaragua 15.73 % change on previous year compare
More economy & growth data for Laos
- Real gdp growth, annual growth rate 11 % change on previous year (2025)
- 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)
- SDRs holdings, US dollar, annual growth rate 60.62 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0083 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 19.21 units per person (2025)
- SDRs holdings, SDR, annual growth rate 52.95 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.006 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 14.03 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate 5.01 % change on previous year (2025)
Frequently asked questions
- What is gross domestic product — value standard local currency, annual growth in Laos?
- Gross domestic product — value standard local currency, annual growth in Laos was 18.76 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest gross domestic product — value standard local currency, annual growth recorded in Laos?
- The highest recorded value was 217.54 % change on previous year in 1980.
- What is the lowest gross domestic product — value standard local currency, annual growth recorded in Laos?
- The lowest recorded value was 1.1 % change on previous year in 1979.
- How does Laos rank for gross domestic product — value standard local currency, annual growth?
- Laos ranks 24th out of 218 countries with data for 2024.
- Is gross domestic product — value standard local currency, annual growth rising or falling in Laos?
- Over the last ten years it is up 36.2%. The long-run trend across the full record is volatile.
- Where does this Laos data come from?
- The figures come from Statizoid (derived), published as part of Gross Domestic Product — Value Standard Local Currency, annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 54 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 — Value Standard Local Currency. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Gross Domestic Product — Value Standard Local Currency Food and Agriculture Organization of the United Nations
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 — Value Standard Local Currency. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.