Gross Domestic Product — Value US$, annual growth rate in Lao People's Democratic Republic
Lao People's Democratic Republic: Gross Domestic Product — Value US$, annual growth rate was -2.97 % change on previous year in 2024. ◆ Volatile
Gross Domestic Product — Value US$, annual growth rate in Lao People's Democratic Republic, 1971–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
In 2024, gross domestic product — value us$, annual growth rate in Lao People's Democratic Republic stood at -2.97 % change on previous year.
The figure is down 28.8% on the previous year and down 127.4% over ten years.
Over the whole period, gross domestic product — value us$, annual growth rate in Lao People's Democratic Republic peaked at 26.66 % change on previous year in 2007 and was at its lowest, -26.41 % change on previous year, in 1998.
That places Lao People's Democratic Republic 221st out of 236 countries with data for 2024, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Gross Domestic Product — Value US$, annual growth rate in Lao People's Democratic Republic, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1971 | 10.31 % change on previous year | — |
| 1972 | 7.93 % change on previous year | -23.1% |
| 1973 | 14.69 % change on previous year | +85.3% |
| 1974 | 12.97 % change on previous year | -11.7% |
| 1975 | 16.55 % change on previous year | +27.6% |
| 1976 | 8.62 % change on previous year | -47.9% |
| 1977 | 4.1 % change on previous year | -52.5% |
| 1978 | 8.1 % change on previous year | +97.8% |
| 1979 | 6.13 % change on previous year | -24.3% |
| 1980 | 19.94 % change on previous year | +225.1% |
| 1981 | 26.24 % change on previous year | +31.6% |
| 1982 | 13.7 % change on previous year | -47.8% |
| 1983 | 8.79 % change on previous year | -35.9% |
| 1984 | 11.03 % change on previous year | +25.6% |
| 1985 | 8.39 % change on previous year | -23.9% |
| 1986 | 7 % change on previous year | -16.6% |
| 1987 | 1.02 % change on previous year | -85.5% |
| 1988 | 1.45 % change on previous year | +42.3% |
| 1989 | 18.67 % change on previous year | +1190.6% |
| 1990 | 10.7 % change on previous year | -42.7% |
| 1991 | 18.79 % change on previous year | +75.7% |
| 1992 | 14.7 % change on previous year | -21.8% |
| 1993 | 12.88 % change on previous year | -12.4% |
| 1994 | 15.97 % change on previous year | +24.1% |
| 1995 | 15.16 % change on previous year | -5.1% |
| 1996 | 5.41 % change on previous year | -64.3% |
| 1997 | -6.8 % change on previous year | -225.7% |
| 1998 | -26.41 % change on previous year | +288.5% |
| 1999 | 13.15 % change on previous year | -149.8% |
| 2000 | 19.17 % change on previous year | +45.8% |
| 2001 | 1.18 % change on previous year | -93.8% |
| 2002 | 4.35 % change on previous year | +268.4% |
| 2003 | 14.55 % change on previous year | +234.4% |
| 2004 | 17.97 % change on previous year | +23.5% |
| 2005 | 14.34 % change on previous year | -20.2% |
| 2006 | 22.46 % change on previous year | +56.7% |
| 2007 | 26.66 % change on previous year | +18.7% |
| 2008 | 25.47 % change on previous year | -4.5% |
| 2009 | 5.68 % change on previous year | -77.7% |
| 2010 | 20.75 % change on previous year | +265.1% |
| 2011 | 21.77 % change on previous year | +4.9% |
| 2012 | 14.39 % change on previous year | -33.9% |
| 2013 | 17.57 % change on previous year | +22.1% |
| 2014 | 10.81 % change on previous year | -38.4% |
| 2015 | 8.64 % change on previous year | -20.1% |
| 2016 | 10.3 % change on previous year | +19.3% |
| 2017 | 7.24 % change on previous year | -29.7% |
| 2018 | 6.31 % change on previous year | -12.9% |
| 2019 | 3.3 % change on previous year | -47.7% |
| 2020 | 2 % change on previous year | -39.3% |
| 2021 | -0.2176 % change on previous year | -110.9% |
| 2022 | -19.46 % change on previous year | +8843.5% |
| 2023 | -2.3 % change on previous year | -88.2% |
| 2024 | -2.97 % change on previous year | +28.8% |
Biggest year-on-year movements
Years where Gross Domestic Product — Value US$, annual growth rate in Lao People's Democratic Republic changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2022 | -8843.5% | -0.2176 % change on previous year | -19.46 % change on previous year |
| 1989 | +1190.6% | 1.45 % change on previous year | 18.67 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 9.93 % change on previous year | 4.1 % change on previous year | 16.55 % change on previous year | 9 |
| 1980s | 11.62 % change on previous year | 1.02 % change on previous year | 26.24 % change on previous year | 10 |
| 1990s | 7.36 % change on previous year | -26.41 % change on previous year | 18.79 % change on previous year | 10 |
| 2000s | 15.18 % change on previous year | 1.18 % change on previous year | 26.66 % change on previous year | 10 |
| 2010s | 12.11 % change on previous year | 3.3 % change on previous year | 21.77 % change on previous year | 10 |
| 2020s | -4.59 % change on previous year | -19.46 % change on previous year | 2 % change on previous year | 5 |
Countries ranked near Lao People's Democratic Republic
- 218 Chile -1.56 % change on previous year compare
- 219 Czechoslovakia -1.95 % change on previous year compare
- 220 Argentina -1.98 % change on previous year compare
- 221 Laos -2.97 % change on previous year compare
- 223 Kuwait -3.12 % change on previous year compare
- 224 Japan -4.44 % change on previous year compare
More economy & growth data for Lao People's Democratic Republic
- Gross Fixed Capital Formation Deflator — Value US$, 2015 prices -16.69 % change on previous year (2024)
- Gross Fixed Capital Formation — Value Standard Local Currency, 2015 5.92 % change on previous year (2024)
- Gross Fixed Capital Formation — Value US$, annual growth rate -11.76 % change on previous year (2024)
- Gross Fixed Capital Formation — Value Standard Local Currency, annual 8 % change on previous year (2024)
- Gross Domestic Product — Value US$, 2015 prices, annual growth rate 4.26 % change on previous year (2024)
- Gross Domestic Product — Value Standard Local Currency, 2015 prices 4.26 % change on previous year (2024)
- Gross Fixed Capital Formation Deflator — Value Standard Local 1.97 % change on previous year (2024)
- Gross Fixed Capital Formation — Value US$, 2015 prices, annual growth 5.92 % change on previous year (2024)
- Gross Domestic Product — Value US$, 2015 prices 22,420 million USD (2024)
- Gross Fixed Capital Formation — Value Standard Local Currency 78.08 million million SLC (2024)
Frequently asked questions
- What is gross domestic product — value us$, annual growth rate in Lao People's Democratic Republic?
- Gross domestic product — value us$, annual growth rate in Lao People's Democratic Republic was -2.97 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest gross domestic product — value us$, annual growth rate recorded in Lao People's Democratic Republic?
- The highest recorded value was 26.66 % change on previous year in 2007.
- What is the lowest gross domestic product — value us$, annual growth rate recorded in Lao People's Democratic Republic?
- The lowest recorded value was -26.41 % change on previous year in 1998.
- How does Lao People's Democratic Republic rank for gross domestic product — value us$, annual growth rate?
- Lao People's Democratic Republic ranks 221st out of 236 countries with data for 2024.
- Is gross domestic product — value us$, annual growth rate rising or falling in Lao People's Democratic Republic?
- Over the last ten years it is down 127.4%. 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 Statizoid (derived), published as part of Gross Domestic Product — Value US$, annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 54 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in Gross Domestic Product — Value US$. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Gross Domestic Product — Value US$ 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 US$. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.