Gross Domestic Product — Value Standard Local Currency in Lao People's Democratic Republic
Lao People's Democratic Republic: Gross Domestic Product — Value Standard Local Currency was 315.28 million million SLC in 2024. ◆ Volatile
Gross Domestic Product — Value Standard Local Currency in Lao People's Democratic Republic, 1970–2024
Source: Food and Agriculture Organization of the United Nations. Measured in million SLC.
Analysis
Lao People's Democratic Republic recorded 315.28 million million SLC for gross domestic product — value standard local currency in 2024. That is the highest value across all 55 years on record.
Compared with earlier readings it is up 18.8% on the previous year and up 195.2% over ten years.
Over the whole period, gross domestic product — value standard local currency in Lao People's Democratic Republic peaked at 315.28 million million SLC in 2024 and was at its lowest, 175.12 million SLC, in 1970.
That places Lao People's Democratic Republic 12th out of 218 countries with data for 2024, putting it in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Gross Domestic Product — Value Standard Local Currency in Lao People's Democratic Republic, year by year
| Year | million SLC | Change |
|---|---|---|
| 1970 | 175.12 million SLC | — |
| 1971 | 186.31 million SLC | +6.4% |
| 1972 | 241.14 million SLC | +29.4% |
| 1973 | 342.97 million SLC | +42.2% |
| 1974 | 533.2 million SLC | +55.5% |
| 1975 | 737.97 million SLC | +38.4% |
| 1976 | 842.6 million SLC | +14.2% |
| 1977 | 1,569 million SLC | +86.2% |
| 1978 | 1,725 million SLC | +10.0% |
| 1979 | 1,744 million SLC | +1.1% |
| 1980 | 5,540 million SLC | +217.5% |
| 1981 | 6,337 million SLC | +14.4% |
| 1982 | 11,328 million SLC | +78.8% |
| 1983 | 21,016 million SLC | +85.5% |
| 1984 | 30,324 million SLC | +44.3% |
| 1985 | 87,928 million SLC | +190.0% |
| 1986 | 129,491 million SLC | +47.3% |
| 1987 | 167,591 million SLC | +29.4% |
| 1988 | 238,143 million SLC | +42.1% |
| 1989 | 449,319 million SLC | +88.7% |
| 1990 | 638,246 million SLC | +42.0% |
| 1991 | 752,124 million SLC | +17.8% |
| 1992 | 879,917 million SLC | +17.0% |
| 1993 | 993,446 million SLC | +12.9% |
| 1994 | 1.15 million million SLC | +16.2% |
| 1995 | 1.49 million million SLC | +29.1% |
| 1996 | 1.80 million million SLC | +20.6% |
| 1997 | 2.29 million million SLC | +27.5% |
| 1998 | 4.42 million million SLC | +92.6% |
| 1999 | 10.76 million million SLC | +143.6% |
| 2000 | 14.25 million million SLC | +32.4% |
| 2001 | 16.36 million million SLC | +14.9% |
| 2002 | 19.18 million million SLC | +17.2% |
| 2003 | 23.09 million million SLC | +20.4% |
| 2004 | 27.28 million million SLC | +18.2% |
| 2005 | 31.39 million million SLC | +15.1% |
| 2006 | 36.64 million million SLC | +16.7% |
| 2007 | 43.89 million million SLC | +19.8% |
| 2008 | 50.12 million million SLC | +14.2% |
| 2009 | 51.58 million million SLC | +2.9% |
| 2010 | 60.40 million million SLC | +17.1% |
| 2011 | 71.54 million million SLC | +18.5% |
| 2012 | 81.61 million million SLC | +14.1% |
| 2013 | 93.87 million million SLC | +15.0% |
| 2014 | 106.80 million million SLC | +13.8% |
| 2015 | 117.25 million million SLC | +9.8% |
| 2016 | 129.28 million million SLC | +10.3% |
| 2017 | 140.70 million million SLC | +8.8% |
| 2018 | 152.41 million million SLC | +8.3% |
| 2019 | 162.66 million million SLC | +6.7% |
| 2020 | 172.92 million million SLC | +6.3% |
| 2021 | 184.98 million million SLC | +7.0% |
| 2022 | 215.61 million million SLC | +16.6% |
| 2023 | 265.48 million million SLC | +23.1% |
| 2024 | 315.28 million million SLC | +18.8% |
Lao People's Democratic Republic compared with similar countries
- Lao People's Democratic Republic's 315.28 million million SLC is above the median for lower middle income countries, which is 1.54 million million SLC, 205.3× the median. (43 countries reporting)
- Lao People's Democratic Republic's 315.28 million million SLC is above the median for East Asia & Pacific, which is 725,630 million SLC, 434.5× the median. (27 countries reporting)
Biggest year-on-year movements
Years where Gross Domestic Product — Value Standard Local Currency 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 |
|---|---|---|---|
| 1980 | +217.5% | 1,744 million SLC | 5,540 million SLC |
| 1985 | +190.0% | 30,324 million SLC | 87,928 million SLC |
| 1999 | +143.6% | 4.42 million million SLC | 10.76 million million SLC |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 809.81 million SLC | 175.12 million SLC | 1,744 million SLC | 10 |
| 1980s | 114,702 million SLC | 5,540 million SLC | 449,319 million SLC | 10 |
| 1990s | 2.52 million million SLC | 638,246 million SLC | 10.76 million million SLC | 10 |
| 2000s | 31.38 million million SLC | 14.25 million million SLC | 51.58 million million SLC | 10 |
| 2010s | 111.65 million million SLC | 60.40 million million SLC | 162.66 million million SLC | 10 |
| 2020s | 230.85 million million SLC | 172.92 million million SLC | 315.28 million million SLC | 5 |
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 — value standard local currency in Lao People's Democratic Republic?
- Gross domestic product — value standard local currency in Lao People's Democratic Republic was 315.28 million million SLC in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest gross domestic product — value standard local currency recorded in Lao People's Democratic Republic?
- The highest recorded value was 315.28 million million SLC in 2024.
- What is the lowest gross domestic product — value standard local currency recorded in Lao People's Democratic Republic?
- The lowest recorded value was 175.12 million SLC in 1970.
- How does Lao People's Democratic Republic rank for gross domestic product — value standard local currency?
- Lao People's Democratic Republic ranks 12th out of 218 countries with data for 2024.
- Is gross domestic product — value standard local currency rising or falling in Lao People's Democratic Republic?
- Over the last ten years it is up 195.2%. 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 Food and Agriculture Organization of the United Nations, published as part of Gross Domestic Product — Value Standard Local Currency. Statizoid updates them automatically from the source API.
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About this data
The FAOSTAT Macro Indicators database provides a selection of country-level macro indicators relating to total economy (Gross Domestic Product, Gross Fixed Capital Formation); agriculture activity; agriculture, forestry and fishing activity; total manufacturing activity; manufacturing of food products and beverages activity; manufacturing activity of tobacco products; and manufacturing activity of food, beverage and tobacco products.It releases time series for a selection of National Accounts variables, including gross domestic product, gross fixed capital formation, industry-level value added and gross output. The database also proposes additional indicators such as gross domestic product per capita, year-on-year growth rates and measures of industry contribution to gross domestic product. All data relating to Gross Domestic Product, Gross Fixed Capital Formation, agriculture, forestry and fishing activity, and to total manufacturing activity originates from the United Nations Statistics Division (UNSD) National Accounts Estimates of Main Aggregates database, which consists of a complete and consistent set of time series of the main National Accounts aggregates of all UN Members States and other territories in the world for which National Accounts information is available. The UNSD database's content is based on the countries' official National Accounts data reported to UNSD through the annual National Accounts Questionnaire, supplemented with data estimates for any years and countries with incomplete or inconsistent information (See http://unstats.un.org/unsd/snaama/Introduction.asp). Data series relating to the sub-industry Agriculture activity are obtained from the UNSD national accounts Official Country Data databases while series on the Manufacturing activity of food and beverages products, manufacturing activity of tobacco products and manufacturing activity of food, beverages and tobacco products originates from the United Nations Industrial Development Organization (UNIDO) INDSTAT2 database. In order to ensure that sub-industry series are consistent in levels with National Accounts based series, which is needed to support comparability across industries (agriculture vs. agro-industry and sub-industries), UNIDO originating series are rescaled on UNSD National Accounts Estimates of Main Aggregates data series (See Section 17.5 for a more detailed description of the data processing steps).