Gross fixed capital formation in Laos
Laos: Gross fixed capital formation was 34.53 trillion constant LCU in 2016. ▲ Rising
Gross fixed capital formation in Laos, 2000–2016
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in constant LCU.
Analysis
The most recent figure for gross fixed capital formation in Laos is 34.53 trillion constant LCU, measured in 2016. That is the highest value across all 17 years on record.
That represents a change of up 7.0% on the previous year and up 140.0% over ten years.
Over the whole period, gross fixed capital formation in Laos peaked at 34.53 trillion constant LCU in 2016 and was at its lowest, 5.69 trillion constant LCU, in 2000.
Laos ranks 16th of 168 countries on this measure, in the top 10%.
The long-run direction has been consistently rising across the 17 years of available data.
Gross fixed capital formation in Laos, year by year
| Year | constant LCU | Change |
|---|---|---|
| 2000 | 5.69 trillion constant LCU | — |
| 2001 | 6.11 trillion constant LCU | +7.3% |
| 2002 | 8.05 trillion constant LCU | +31.8% |
| 2003 | 8.16 trillion constant LCU | +1.3% |
| 2004 | 10.10 trillion constant LCU | +23.8% |
| 2005 | 11.29 trillion constant LCU | +11.9% |
| 2006 | 14.39 trillion constant LCU | +27.4% |
| 2007 | 19.50 trillion constant LCU | +35.5% |
| 2008 | 19.82 trillion constant LCU | +1.6% |
| 2009 | 20.08 trillion constant LCU | +1.3% |
| 2010 | 17.50 trillion constant LCU | -12.8% |
| 2011 | 20.57 trillion constant LCU | +17.5% |
| 2012 | 26.53 trillion constant LCU | +29.0% |
| 2013 | 26.58 trillion constant LCU | +0.2% |
| 2014 | 29.50 trillion constant LCU | +11.0% |
| 2015 | 32.27 trillion constant LCU | +9.4% |
| 2016 | 34.53 trillion constant LCU | +7.0% |
Laos compared with similar countries
- Laos's 34.53 trillion constant LCU is above the median for lower middle income countries, which is 109.54 billion constant LCU, 315.2× the median. (44 countries reporting)
- Laos's 34.53 trillion constant LCU is above the median for East Asia & Pacific, which is 144.50 billion constant LCU, 238.9× the median. (25 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 12.32 trillion constant LCU | 5.69 trillion constant LCU | 20.08 trillion constant LCU | 10 |
| 2010s | 26.78 trillion constant LCU | 17.50 trillion constant LCU | 34.53 trillion constant LCU | 7 |
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 fixed capital formation in Laos?
- Gross fixed capital formation in Laos was 34.53 trillion constant LCU in 2016, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest gross fixed capital formation recorded in Laos?
- The highest recorded value was 34.53 trillion constant LCU in 2016.
- What is the lowest gross fixed capital formation recorded in Laos?
- The lowest recorded value was 5.69 trillion constant LCU in 2000.
- How does Laos rank for gross fixed capital formation?
- Laos ranks 16th out of 168 countries with data for 2016.
- Is gross fixed capital formation rising or falling in Laos?
- Over the last ten years it is up 140.0%. The long-run trend across the full record is rising.
- Where does this Laos data come from?
- The figures come from Country official statistics, National Statistical Organizations and/or Central Banks, published as part of Gross fixed capital formation (constant LCU). Statizoid updates them automatically from the source API.
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CSV · JSON — 17 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Gross fixed capital formation includes acquisitions less disposals of fixed assets during the accounting period, including certain specified expenditures on services that add to the value of non-produced assets. This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment varies by country. This series is expressed in local currency units.