Gross Fixed Capital Formation — Share of GDP US$, 2015 prices in Lao People's Democratic Republic
Lao People's Democratic Republic: Gross Fixed Capital Formation — Share of GDP US$, 2015 prices was 28.93 % in 2024. ▲ Rising
Gross Fixed Capital Formation — Share of GDP US$, 2015 prices in Lao People's Democratic Republic, 1970–2024
Source: Food and Agriculture Organization of the United Nations. Measured in %.
Analysis
In 2024, gross fixed capital formation — share of gdp us$, 2015 prices in Lao People's Democratic Republic stood at 28.93 %.
Compared with earlier readings it is up 1.6% on the previous year and down 4.6% over ten years.
Over the whole period, gross fixed capital formation — share of gdp us$, 2015 prices in Lao People's Democratic Republic peaked at 40.69 % in 2019 and was at its lowest, 7.08 %, in 1984.
The long-run direction has been consistently rising across the 55 years of available data.
Gross Fixed Capital Formation — Share of GDP US$, 2015 prices in Lao People's Democratic Republic, year by year
| Year | % | Change |
|---|---|---|
| 1970 | 8.69 % | — |
| 1971 | 8.68 % | -0.1% |
| 1972 | 8.68 % | +0.0% |
| 1973 | 8.72 % | +0.4% |
| 1974 | 8.7 % | -0.2% |
| 1975 | 8.67 % | -0.4% |
| 1976 | 8.63 % | -0.5% |
| 1977 | 8.69 % | +0.6% |
| 1978 | 8.92 % | +2.6% |
| 1979 | 8.61 % | -3.4% |
| 1980 | 8.52 % | -1.0% |
| 1981 | 8.43 % | -1.1% |
| 1982 | 8.97 % | +6.4% |
| 1983 | 10.05 % | +12.1% |
| 1984 | 7.08 % | -29.5% |
| 1985 | 8.07 % | +14.0% |
| 1986 | 7.95 % | -1.6% |
| 1987 | 11.68 % | +47.0% |
| 1988 | 15.48 % | +32.5% |
| 1989 | 20.42 % | +31.9% |
| 1990 | 19.31 % | -5.4% |
| 1991 | 19.15 % | -0.9% |
| 1992 | 18.71 % | -2.3% |
| 1993 | 18.8 % | +0.5% |
| 1994 | 19.55 % | +4.0% |
| 1995 | 19.19 % | -1.8% |
| 1996 | 20.8 % | +8.4% |
| 1997 | 19.58 % | -5.9% |
| 1998 | 18.05 % | -7.8% |
| 1999 | 21.49 % | +19.1% |
| 2000 | 15.97 % | -25.7% |
| 2001 | 16.2 % | +1.4% |
| 2002 | 19.98 % | +23.3% |
| 2003 | 19.06 % | -4.6% |
| 2004 | 22.05 % | +15.7% |
| 2005 | 23.1 % | +4.8% |
| 2006 | 29.69 % | +28.5% |
| 2007 | 34.04 % | +14.6% |
| 2008 | 32.09 % | -5.7% |
| 2009 | 30.25 % | -5.7% |
| 2010 | 24.38 % | -19.4% |
| 2011 | 26.52 % | +8.8% |
| 2012 | 31.7 % | +19.5% |
| 2013 | 29.41 % | -7.2% |
| 2014 | 30.32 % | +3.1% |
| 2015 | 30.92 % | +2.0% |
| 2016 | 30.91 % | -0.0% |
| 2017 | 34.97 % | +13.1% |
| 2018 | 37.55 % | +7.4% |
| 2019 | 40.69 % | +8.4% |
| 2020 | 39.57 % | -2.8% |
| 2021 | 38.24 % | -3.4% |
| 2022 | 33.92 % | -11.3% |
| 2023 | 28.48 % | -16.0% |
| 2024 | 28.93 % | +1.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 8.7 % | 8.61 % | 8.92 % | 10 |
| 1980s | 10.67 % | 7.08 % | 20.42 % | 10 |
| 1990s | 19.46 % | 18.05 % | 21.49 % | 10 |
| 2000s | 24.24 % | 15.97 % | 34.04 % | 10 |
| 2010s | 31.74 % | 24.38 % | 40.69 % | 10 |
| 2020s | 33.83 % | 28.48 % | 39.57 % | 5 |
Countries ranked near Lao People's Democratic Republic
- 7 Bhutan 48.29 % compare
- 8 Micronesia (Federated States of) 29.72 % compare
- 8 USSR 47.36 % compare
- 9 Uzbekistan 46.62 % compare
- 9 Micronesia 29.33 % compare
- 10 Algeria 43.68 % compare
- 11 Grenada 43.13 % compare
- 11 Türkiye 25.09 % compare
- 12 Greenland 42.41 % compare
- 12 Polynesia 22 % compare
- 13 Sint Maarten (Dutch part) 41.56 % compare
More economy & growth data for Lao People's Democratic Republic
- Gross Domestic Product — Annual growth US$ -2.97 % (2024)
- Gross Fixed Capital Formation — Value US$, 2015 prices 6,487 million USD (2024)
- Gross Fixed Capital Formation — Value Standard Local Currency, 2015 52.72 million million SLC (2024)
- Gross Fixed Capital Formation — Value US$ 3,607 million USD (2024)
- Gross Fixed Capital Formation — Value Standard Local Currency 78.08 million million SLC (2024)
- Gross Domestic Product — Annual growth US$ per capita, 2015 prices 2.85 % (2024)
- Gross Domestic Product — Annual growth US$, 2015 prices 4.26 % (2024)
- Gross Domestic Product — Annual growth US$ per capita -4.28 % (2024)
- Gross Domestic Product — Annual growth Standard Local Currency 18.76 % (2024)
- Gross Domestic Product — Value US$, 2015 prices 22,420 million USD (2024)
Frequently asked questions
- What is gross fixed capital formation — share of gdp us$, 2015 prices in Lao People's Democratic Republic?
- Gross fixed capital formation — share of gdp us$, 2015 prices in Lao People's Democratic Republic was 28.93 % in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest gross fixed capital formation — share of gdp us$, 2015 prices recorded in Lao People's Democratic Republic?
- The highest recorded value was 40.69 % in 2019.
- What is the lowest gross fixed capital formation — share of gdp us$, 2015 prices recorded in Lao People's Democratic Republic?
- The lowest recorded value was 7.08 % in 1984.
- How does Lao People's Democratic Republic rank for gross fixed capital formation — share of gdp us$, 2015 prices?
- Lao People's Democratic Republic ranks 10th out of 19 countries with data for 2024.
- Is gross fixed capital formation — share of gdp us$, 2015 prices rising or falling in Lao People's Democratic Republic?
- Over the last ten years it is down 4.6%. The long-run trend across the full record is rising.
- Where does this Lao People's Democratic Republic data come from?
- The figures come from Food and Agriculture Organization of the United Nations, published as part of Gross Fixed Capital Formation — Share of GDP US$, 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).