Gross domestic savings in Lao People's Democratic Republic
Lao People's Democratic Republic: Gross domestic savings was 20.3% in 2016. ◆ Volatile
Gross domestic savings in Lao People's Democratic Republic, 1984–2016
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in % of GDP.
Analysis
In 2016, gross domestic savings in Lao People's Democratic Republic stood at 20.3%.
Compared with earlier readings it is up 48.8% on the previous year and down 16.7% over ten years.
Over the whole period, gross domestic savings in Lao People's Democratic Republic peaked at 24.4% in 2006 and was at its lowest, -4.8%, in 1988.
Lao People's Democratic Republic ranks 98th of 188 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 savings in Lao People's Democratic Republic, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1984 | 2.6% | — |
| 1985 | 1.3% | -49.5% |
| 1986 | 2.8% | +116.3% |
| 1987 | 2.3% | -20.6% |
| 1988 | -4.8% | -311.2% |
| 2000 | 5.9% | -223.7% |
| 2001 | 3.4% | -42.6% |
| 2002 | 19.3% | +469.0% |
| 2003 | 14.2% | -26.4% |
| 2004 | 15.5% | +9.1% |
| 2005 | 20.2% | +30.3% |
| 2006 | 24.4% | +20.9% |
| 2007 | 20.3% | -16.8% |
| 2008 | 16.1% | -20.6% |
| 2009 | 17.2% | +6.4% |
| 2010 | 13.5% | -21.3% |
| 2011 | 22.6% | +67.5% |
| 2012 | 10.1% | -55.5% |
| 2013 | 8.8% | -12.5% |
| 2014 | 12.3% | +39.0% |
| 2015 | 13.7% | +11.5% |
| 2016 | 20.3% | +48.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 0.8% | -4.8% | 2.8% | 5 |
| 2000s | 15.7% | 3.4% | 24.4% | 10 |
| 2010s | 14.5% | 8.8% | 22.6% | 7 |
Countries ranked near Lao People's Democratic Republic
More economy & growth data for Lao People's Democratic Republic
- 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)
- Households and NPISHs Final consumption expenditure (current LCU) 1.69 % change on previous year (2016)
- Households and NPISHs Final consumption expenditure (current LCU) 5,337 current LCU per US$ of GDP (2016)
- Households and NPISHs Final consumption expenditure (current LCU) 12.29 million current LCU per person (2016)
- Households and NPISHs Final consumption expenditure (constant 2015) 4.53 % change on previous year (2016)
- Households and NPISHs Final consumption expenditure (constant 2015) 0.675 constant 2015 US$ per US$ of GDP (2016)
- Households and NPISHs Final consumption expenditure (constant 2015) 1,555 constant 2015 US$ per person (2016)
- Final consumption expenditure (current US$), annual growth rate 1.78 % change on previous year (2016)
- Final consumption expenditure (current US$), per unit of GDP 0.7967 current US$ per US$ of GDP (2016)
Frequently asked questions
- What is gross domestic savings in Lao People's Democratic Republic?
- Gross domestic savings in Lao People's Democratic Republic was 20.3% in 2016, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest gross domestic savings recorded in Lao People's Democratic Republic?
- The highest recorded value was 24.4% in 2006.
- What is the lowest gross domestic savings recorded in Lao People's Democratic Republic?
- The lowest recorded value was -4.8% in 1988.
- How does Lao People's Democratic Republic rank for gross domestic savings?
- Lao People's Democratic Republic ranks 98th out of 188 countries with data for 2016.
- Is gross domestic savings rising or falling in Lao People's Democratic Republic?
- Over the last ten years it is down 16.7%. 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 Country official statistics, National Statistical Organizations and/or Central Banks, published as part of Gross domestic savings (% of GDP). Statizoid updates them automatically from the source API.
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About this data
Gross domestic savings are calculated as GDP less final consumption expenditure (total consumption). This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.