Gross Domestic Product — Value US$ per capita, 2015 prices (Gross) in Lao People's Democratic Republic
Lao People's Democratic Republic: Gross Domestic Product — Value US$ per capita, 2015 prices (Gross) was 2,886 USD in 2024. ◆ Volatile
Gross Domestic Product — Value US$ per capita, 2015 prices in Lao People's Democratic Republic, 1970–2024
Source: Food and Agriculture Organization of the United Nations. Measured in USD.
Analysis
In 2024, gross domestic product — value us$ per capita, 2015 prices in Lao People's Democratic Republic stood at 2,886 USD. That is the highest value across all 55 years on record.
The figure is up 2.9% on the previous year and up 43.8% over ten years.
Over the whole period, gross domestic product — value us$ per capita, 2015 prices in Lao People's Democratic Republic peaked at 2,886 USD in 2024 and was at its lowest, 393.42 USD, in 1970.
That places Lao People's Democratic Republic 163rd out of 228 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$ per capita, 2015 prices (Gross) in Lao People's Democratic Republic, year by year
| Year | USD | Change |
|---|---|---|
| 1970 | 393.42 USD | — |
| 1971 | 403.24 USD | +2.5% |
| 1972 | 407.18 USD | +1.0% |
| 1973 | 432.1 USD | +6.1% |
| 1974 | 437.3 USD | +1.2% |
| 1975 | 456.27 USD | +4.3% |
| 1976 | 460.66 USD | +1.0% |
| 1977 | 443.65 USD | -3.7% |
| 1978 | 440.6 USD | -0.7% |
| 1979 | 424.24 USD | -3.7% |
| 1980 | 457.56 USD | +7.9% |
| 1981 | 516.1 USD | +12.8% |
| 1982 | 539.3 USD | +4.5% |
| 1983 | 550.07 USD | +2.0% |
| 1984 | 573.8 USD | +4.3% |
| 1985 | 586.42 USD | +2.2% |
| 1986 | 598.01 USD | +2.0% |
| 1987 | 572.96 USD | -4.2% |
| 1988 | 545.59 USD | -4.8% |
| 1989 | 605.42 USD | +11.0% |
| 1990 | 627.88 USD | +3.7% |
| 1991 | 636.68 USD | +1.4% |
| 1992 | 653.72 USD | +2.7% |
| 1993 | 673.59 USD | +3.0% |
| 1994 | 706.99 USD | +5.0% |
| 1995 | 741.17 USD | +4.8% |
| 1996 | 773.97 USD | +4.4% |
| 1997 | 810.4 USD | +4.7% |
| 1998 | 827.31 USD | +2.1% |
| 1999 | 872.15 USD | +5.4% |
| 2000 | 907.46 USD | +4.0% |
| 2001 | 944.07 USD | +4.0% |
| 2002 | 992.8 USD | +5.2% |
| 2003 | 1,038 USD | +4.6% |
| 2004 | 1,095 USD | +5.5% |
| 2005 | 1,152 USD | +5.2% |
| 2006 | 1,123 USD | -2.5% |
| 2007 | 1,308 USD | +16.4% |
| 2008 | 1,388 USD | +6.2% |
| 2009 | 1,470 USD | +5.9% |
| 2010 | 1,567 USD | +6.6% |
| 2011 | 1,668 USD | +6.5% |
| 2012 | 1,775 USD | +6.4% |
| 2013 | 1,890 USD | +6.5% |
| 2014 | 2,006 USD | +6.1% |
| 2015 | 2,121 USD | +5.7% |
| 2016 | 2,235 USD | +5.4% |
| 2017 | 2,351 USD | +5.2% |
| 2018 | 2,460 USD | +4.7% |
| 2019 | 2,555 USD | +3.9% |
| 2020 | 2,600 USD | +1.7% |
| 2021 | 2,652 USD | +2.0% |
| 2022 | 2,730 USD | +3.0% |
| 2023 | 2,806 USD | +2.8% |
| 2024 | 2,886 USD | +2.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 429.87 USD | 393.42 USD | 460.66 USD | 10 |
| 1980s | 554.52 USD | 457.56 USD | 605.42 USD | 10 |
| 1990s | 732.39 USD | 627.88 USD | 872.15 USD | 10 |
| 2000s | 1,142 USD | 907.46 USD | 1,470 USD | 10 |
| 2010s | 2,063 USD | 1,567 USD | 2,555 USD | 10 |
| 2020s | 2,734 USD | 2,600 USD | 2,886 USD | 5 |
Countries ranked near Lao People's Democratic Republic
More economy & growth data for Lao People's Democratic Republic
- Gross Fixed Capital Formation — Value US$, 2015 prices, annual growth 5.92 % change on previous year (2024)
- GDP Deflator — Value Standard Local Currency, 2015 prices, annual 13.91 % change on previous year (2024)
- GDP Deflator — Value US$, 2015 prices, annual growth rate -6.93 % change on previous year (2024)
- Gross Fixed Capital Formation Deflator — Value Standard Local 1.97 % change on previous year (2024)
- Gross Fixed Capital Formation Deflator — Value US$, 2015 prices -16.69 % change on previous year (2024)
- Gross Domestic Product — Value US$, annual growth rate -2.97 % change on previous year (2024)
- Gross Domestic Product — Value US$, 2015 prices, annual growth rate 4.26 % change on previous year (2024)
- Gross Fixed Capital Formation — Value Standard Local Currency, 2015 5.92 % change on previous year (2024)
- Gross Fixed Capital Formation — Value US$, annual growth rate -11.76 % change on previous year (2024)
- Gross Domestic Product — Value Standard Local Currency, 2015 prices 4.26 % change on previous year (2024)
Frequently asked questions
- What is gross domestic product — value us$ per capita, 2015 prices in Lao People's Democratic Republic?
- Gross domestic product — value us$ per capita, 2015 prices in Lao People's Democratic Republic was 2,886 USD in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest gross domestic product — value us$ per capita, 2015 prices recorded in Lao People's Democratic Republic?
- The highest recorded value was 2,886 USD in 2024.
- What is the lowest gross domestic product — value us$ per capita, 2015 prices recorded in Lao People's Democratic Republic?
- The lowest recorded value was 393.42 USD in 1970.
- How does Lao People's Democratic Republic rank for gross domestic product — value us$ per capita, 2015 prices?
- Lao People's Democratic Republic ranks 163rd out of 228 countries with data for 2024.
- Is gross domestic product — value us$ per capita, 2015 prices rising or falling in Lao People's Democratic Republic?
- Over the last ten years it is up 43.8%. 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$ per capita, 2015 prices. 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).