Gross Domestic Product — Value US$, 2015 prices in Lao People's Democratic Republic
Lao People's Democratic Republic: Gross Domestic Product — Value US$, 2015 prices was 22,420 million USD in 2024. ◆ Volatile
Gross Domestic Product — Value US$, 2015 prices in Lao People's Democratic Republic, 1970–2024
Source: Food and Agriculture Organization of the United Nations. Measured in million USD.
Analysis
The most recent figure for gross domestic product — value us$, 2015 prices in Lao People's Democratic Republic is 22,420 million USD, measured in 2024. That is the highest value across all 55 years on record.
Compared with earlier readings it is up 4.3% on the previous year and up 66.7% over ten years.
Over the whole period, gross domestic product — value us$, 2015 prices in Lao People's Democratic Republic peaked at 22,420 million USD in 2024 and was at its lowest, 1,050 million USD, in 1970.
That places Lao People's Democratic Republic 13th out of 20 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Gross Domestic Product — Value US$, 2015 prices in Lao People's Democratic Republic, year by year
| Year | million USD | Change |
|---|---|---|
| 1970 | 1,050 million USD | — |
| 1971 | 1,103 million USD | +5.0% |
| 1972 | 1,141 million USD | +3.5% |
| 1973 | 1,240 million USD | +8.7% |
| 1974 | 1,286 million USD | +3.6% |
| 1975 | 1,371 million USD | +6.7% |
| 1976 | 1,412 million USD | +3.0% |
| 1977 | 1,384 million USD | -2.0% |
| 1978 | 1,397 million USD | +1.0% |
| 1979 | 1,370 million USD | -2.0% |
| 1980 | 1,507 million USD | +10.0% |
| 1981 | 1,738 million USD | +15.3% |
| 1982 | 1,861 million USD | +7.1% |
| 1983 | 1,948 million USD | +4.7% |
| 1984 | 2,087 million USD | +7.2% |
| 1985 | 2,193 million USD | +5.1% |
| 1986 | 2,300 million USD | +4.9% |
| 1987 | 2,268 million USD | -1.4% |
| 1988 | 2,222 million USD | -2.0% |
| 1989 | 2,537 million USD | +14.2% |
| 1990 | 2,707 million USD | +6.7% |
| 1991 | 2,824 million USD | +4.3% |
| 1992 | 2,981 million USD | +5.6% |
| 1993 | 3,156 million USD | +5.9% |
| 1994 | 3,400 million USD | +7.7% |
| 1995 | 3,654 million USD | +7.5% |
| 1996 | 3,905 million USD | +6.9% |
| 1997 | 4,175 million USD | +6.9% |
| 1998 | 4,342 million USD | +4.0% |
| 1999 | 4,658 million USD | +7.3% |
| 2000 | 4,929 million USD | +5.8% |
| 2001 | 5,213 million USD | +5.8% |
| 2002 | 5,571 million USD | +6.9% |
| 2003 | 5,916 million USD | +6.2% |
| 2004 | 6,332 million USD | +7.0% |
| 2005 | 6,760 million USD | +6.8% |
| 2006 | 6,699 million USD | -0.9% |
| 2007 | 7,921 million USD | +18.2% |
| 2008 | 8,537 million USD | +7.8% |
| 2009 | 9,178 million USD | +7.5% |
| 2010 | 9,924 million USD | +8.1% |
| 2011 | 10,722 million USD | +8.0% |
| 2012 | 11,569 million USD | +7.9% |
| 2013 | 12,497 million USD | +8.0% |
| 2014 | 13,449 million USD | +7.6% |
| 2015 | 14,426 million USD | +7.3% |
| 2016 | 15,440 million USD | +7.0% |
| 2017 | 16,497 million USD | +6.9% |
| 2018 | 17,535 million USD | +6.3% |
| 2019 | 18,492 million USD | +5.5% |
| 2020 | 19,098 million USD | +3.3% |
| 2021 | 19,762 million USD | +3.5% |
| 2022 | 20,636 million USD | +4.4% |
| 2023 | 21,504 million USD | +4.2% |
| 2024 | 22,420 million USD | +4.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 1,275 million USD | 1,050 million USD | 1,412 million USD | 10 |
| 1980s | 2,066 million USD | 1,507 million USD | 2,537 million USD | 10 |
| 1990s | 3,580 million USD | 2,707 million USD | 4,658 million USD | 10 |
| 2000s | 6,706 million USD | 4,929 million USD | 9,178 million USD | 10 |
| 2010s | 14,055 million USD | 9,924 million USD | 18,492 million USD | 10 |
| 2020s | 20,684 million USD | 19,098 million USD | 22,420 million USD | 5 |
Countries ranked near Lao People's Democratic Republic
- 10 Canada 1.81 million million USD compare
- 10 Democratic Republic of the Congo 60,632 million USD compare
- 11 Australia and New Zealand 1.74 million million USD compare
- 11 Melanesia 43,564 million USD compare
- 12 Bolivia (Plurinational State of) 40,048 million USD compare
- 12 USSR 1.63 million million USD compare
- 13 Russian Federation 1.61 million million USD compare
- 14 Australia 1.52 million million USD compare
- 14 Syrian Arab Republic 20,891 million USD compare
- 15 Democratic People's Republic of Korea 15,550 million USD compare
- 15 Spain 1.42 million million USD compare
- 16 Mexico 1.35 million million USD compare
- 16 Republic of Moldova 9,233 million USD compare
More economy & growth data for Lao People's Democratic Republic
- Gross Domestic Product — Annual growth US$ per capita -4.28 % (2024)
- Gross Fixed Capital Formation — Share of GDP US$ 24.77 % (2024)
- Gross Fixed Capital Formation — Value US$, 2015 prices 6,487 million USD (2024)
- Gross Fixed Capital Formation — Value Standard Local Currency, 2015 52.72 million million SLC (2024)
- Gross Fixed Capital Formation — Value US$ 3,607 million USD (2024)
- Gross Fixed Capital Formation — Value Standard Local Currency 78.08 million million SLC (2024)
- Gross Domestic Product — Annual growth US$ per capita, 2015 prices 2.85 % (2024)
- Gross Domestic Product — Annual growth US$, 2015 prices 4.26 % (2024)
- Gross Domestic Product — Annual growth Standard Local Currency, 2015 4.26 % (2024)
- Gross Domestic Product — Annual growth Standard Local Currency 18.76 % (2024)
Frequently asked questions
- What is gross domestic product — value us$, 2015 prices in Lao People's Democratic Republic?
- Gross domestic product — value us$, 2015 prices in Lao People's Democratic Republic was 22,420 million USD in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest gross domestic product — value us$, 2015 prices recorded in Lao People's Democratic Republic?
- The highest recorded value was 22,420 million USD in 2024.
- What is the lowest gross domestic product — value us$, 2015 prices recorded in Lao People's Democratic Republic?
- The lowest recorded value was 1,050 million USD in 1970.
- How does Lao People's Democratic Republic rank for gross domestic product — value us$, 2015 prices?
- Lao People's Democratic Republic ranks 13th out of 20 countries with data for 2024.
- Is gross domestic product — value us$, 2015 prices rising or falling in Lao People's Democratic Republic?
- Over the last ten years it is up 66.7%. The long-run trend across the full record is volatile.
- Where does this Lao People's Democratic Republic data come from?
- The figures come from Food and Agriculture Organization of the United Nations, published as part of Gross Domestic Product — Value US$, 2015 prices. Statizoid updates them automatically from the source API.
Download this data
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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).