Gross Domestic Product — Value US$ in Lao People's Democratic Republic

Lao People's Democratic Republic: Gross Domestic Product — Value US$ was 14,563 million USD in 2024. ◆ Volatile

Latest (2024)
14,563 million USD
Change on year
down 3.0%
Rank
16th
of 20 regions
All-time high
19,116 million USD
in 2020
All-time low
119.1 million USD
in 1970
Years of data
55
1970–2024

Gross Domestic Product — Value US$ in Lao People's Democratic Republic, 1970–2024

05.0k10.0k15.0k20.0k197019972024

Source: Food and Agriculture Organization of the United Nations. Measured in million USD.

Analysis

Lao People's Democratic Republic recorded 14,563 million USD for gross domestic product — value us$ 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 Lao People's Democratic Republic peaked at 19,116 million USD in 2020 and was at its lowest, 119.1 million USD, in 1970.

That places Lao People's Democratic Republic 16th out of 20 regions 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$ in Lao People's Democratic Republic, year by year

Annual values for Gross Domestic Product — Value US$ in Lao People's Democratic Republic, 1970 to 2024.
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%

Averages by decade

DecadeAverage LowestHighest 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 Lao People's Democratic Republic

  1. 13 Mexico 1.85 million million USD compare
  2. 14 Australia 1.84 million million USD compare
  3. 15 Spain 1.72 million million USD compare
  4. 16 Indonesia 1.40 million million USD compare
  5. 17 Netherlands (Kingdom of the) 1.23 million million USD compare
  6. 18 Saudi Arabia 1.08 million million USD compare
  7. 18 Timor-Leste 1,881 million USD compare
  8. 19 Switzerland 936,564 million USD compare

See the full ranking of 252 places →

More economy & growth data for Lao People's Democratic Republic

All data for Lao People's Democratic Republic →

Frequently asked questions

What is gross domestic product — value us$ in Lao People's Democratic Republic?
Gross domestic product — value us$ in Lao People's Democratic Republic 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 Lao People's Democratic Republic?
The highest recorded value was 19,116 million USD in 2020.
What is the lowest gross domestic product — value us$ recorded in Lao People's Democratic Republic?
The lowest recorded value was 119.1 million USD in 1970.
How does Lao People's Democratic Republic rank for gross domestic product — value us$?
Lao People's Democratic Republic ranks 16th out of 20 regions with data for 2024.
Is gross domestic product — value us$ rising or falling in Lao People's Democratic Republic?
Over the last ten years it is up 9.7%. 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$. Statizoid updates them automatically from the source API.

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Gross Domestic Product — Value US$ in Lao People's Democratic Republic. Statizoid, drawing on Food and Agriculture Organization of the United Nations. Retrieved 04 September 2026, from https://economy.statizoid.com/stat/gross-domestic-product-value-us/lao-people-s-democratic-republic/

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About this data

Indicator
Gross Domestic Product — Value US$
Unit
million USD
Source
Food and Agriculture Organization of the United Nations
Licence
CC BY-NC-SA 3.0 IGO (FAO)
Coverage
252 places, 12,899 data points, 1970–2024
Last refreshed

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).