Gross Domestic Product — Value US$ in Laos
Laos: Gross Domestic Product — Value US$ was 14,563 million USD in 2024. ◆ Volatile
Gross Domestic Product — Value US$ in Laos, 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$ in Laos is 14,563 million USD, measured in 2024.
The figure is down 3.0% on the previous year and up 9.7% over ten years.
Over the whole period, gross domestic product — value us$ in Laos peaked at 19,116 million USD in 2020 and was at its lowest, 119.1 million USD, in 1970.
Laos ranks 158th of 236 countries on this measure, 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$ in Laos, year by year
| Year | million USD | Change |
|---|---|---|
| 1970 | 119.1 million USD | — |
| 1971 | 131.38 million USD | +10.3% |
| 1972 | 141.79 million USD | +7.9% |
| 1973 | 162.62 million USD | +14.7% |
| 1974 | 183.71 million USD | +13.0% |
| 1975 | 214.11 million USD | +16.6% |
| 1976 | 232.58 million USD | +8.6% |
| 1977 | 242.1 million USD | +4.1% |
| 1978 | 261.71 million USD | +8.1% |
| 1979 | 277.76 million USD | +6.1% |
| 1980 | 333.14 million USD | +19.9% |
| 1981 | 420.58 million USD | +26.2% |
| 1982 | 478.19 million USD | +13.7% |
| 1983 | 520.21 million USD | +8.8% |
| 1984 | 577.6 million USD | +11.0% |
| 1985 | 626.08 million USD | +8.4% |
| 1986 | 669.89 million USD | +7.0% |
| 1987 | 676.7 million USD | +1.0% |
| 1988 | 686.49 million USD | +1.4% |
| 1989 | 814.64 million USD | +18.7% |
| 1990 | 901.79 million USD | +10.7% |
| 1991 | 1,071 million USD | +18.8% |
| 1992 | 1,229 million USD | +14.7% |
| 1993 | 1,387 million USD | +12.9% |
| 1994 | 1,609 million USD | +16.0% |
| 1995 | 1,852 million USD | +15.2% |
| 1996 | 1,953 million USD | +5.4% |
| 1997 | 1,820 million USD | -6.8% |
| 1998 | 1,339 million USD | -26.4% |
| 1999 | 1,515 million USD | +13.2% |
| 2000 | 1,806 million USD | +19.2% |
| 2001 | 1,827 million USD | +1.2% |
| 2002 | 1,907 million USD | +4.4% |
| 2003 | 2,184 million USD | +14.5% |
| 2004 | 2,577 million USD | +18.0% |
| 2005 | 2,946 million USD | +14.3% |
| 2006 | 3,608 million USD | +22.5% |
| 2007 | 4,570 million USD | +26.7% |
| 2008 | 5,734 million USD | +25.5% |
| 2009 | 6,060 million USD | +5.7% |
| 2010 | 7,318 million USD | +20.7% |
| 2011 | 8,910 million USD | +21.8% |
| 2012 | 10,193 million USD | +14.4% |
| 2013 | 11,983 million USD | +17.6% |
| 2014 | 13,279 million USD | +10.8% |
| 2015 | 14,426 million USD | +8.6% |
| 2016 | 15,912 million USD | +10.3% |
| 2017 | 17,065 million USD | +7.2% |
| 2018 | 18,142 million USD | +6.3% |
| 2019 | 18,741 million USD | +3.3% |
| 2020 | 19,116 million USD | +2.0% |
| 2021 | 19,074 million USD | -0.2% |
| 2022 | 15,362 million USD | -19.5% |
| 2023 | 15,008 million USD | -2.3% |
| 2024 | 14,563 million USD | -3.0% |
Laos compared with similar countries
- Laos's 14,563 million USD is below the median for lower middle income countries, which is 26,175 million USD, 56% of the median. (44 countries reporting)
- Laos's 14,563 million USD is below the median for East Asia & Pacific, which is 15,030 million USD, 97% of the median. (28 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 196.68 million USD | 119.1 million USD | 277.76 million USD | 10 |
| 1980s | 580.35 million USD | 333.14 million USD | 814.64 million USD | 10 |
| 1990s | 1,468 million USD | 901.79 million USD | 1,953 million USD | 10 |
| 2000s | 3,322 million USD | 1,806 million USD | 6,060 million USD | 10 |
| 2010s | 13,597 million USD | 7,318 million USD | 18,741 million USD | 10 |
| 2020s | 16,625 million USD | 14,563 million USD | 19,116 million USD | 5 |
Countries ranked near Laos
More economy & growth data for Laos
- 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$), annual growth rate 25.05 % change on previous year (2024)
Frequently asked questions
- What is gross domestic product — value us$ in Laos?
- Gross domestic product — value us$ in Laos was 14,563 million USD in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest gross domestic product — value us$ recorded in Laos?
- The highest recorded value was 19,116 million USD in 2020.
- What is the lowest gross domestic product — value us$ recorded in Laos?
- The lowest recorded value was 119.1 million USD in 1970.
- How does Laos rank for gross domestic product — value us$?
- Laos ranks 158th out of 236 countries with data for 2024.
- Is gross domestic product — value us$ rising or falling in Laos?
- Over the last ten years it is up 9.7%. The long-run trend across the full record is volatile.
- Where does this Laos data come from?
- The figures come from Food and Agriculture Organization of the United Nations, published as part of Gross Domestic Product — Value US$. 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).