Gross Fixed Capital Formation — Value Standard Local Currency, 2015 in Lao People's Democratic Republic
Lao People's Democratic Republic: Gross Fixed Capital Formation — Value Standard Local Currency, 2015 was 52.72 million million SLC in 2024. ◆ Volatile
Gross Fixed Capital Formation — Value Standard Local Currency, 2015 in Lao People's Democratic Republic, 1970–2024
Source: Food and Agriculture Organization of the United Nations. Measured in million SLC.
Analysis
In 2024, gross fixed capital formation — value standard local currency, 2015 in Lao People's Democratic Republic stood at 52.72 million million SLC.
The figure is up 5.9% on the previous year and up 59.1% over ten years.
Over the whole period, gross fixed capital formation — value standard local currency, 2015 in Lao People's Democratic Republic peaked at 61.42 million million SLC in 2021 and was at its lowest, 742,165 million SLC, in 1970.
The series is highly variable year to year, so single readings are best treated with caution.
Gross Fixed Capital Formation — Value Standard Local Currency, 2015 in Lao People's Democratic Republic, year by year
| Year | million SLC | Change |
|---|---|---|
| 1970 | 742,165 million SLC | — |
| 1971 | 778,273 million SLC | +4.9% |
| 1972 | 805,212 million SLC | +3.5% |
| 1973 | 879,397 million SLC | +9.2% |
| 1974 | 909,476 million SLC | +3.4% |
| 1975 | 966,754 million SLC | +6.3% |
| 1976 | 990,585 million SLC | +2.5% |
| 1977 | 977,128 million SLC | -1.4% |
| 1978 | 1.01 million million SLC | +3.6% |
| 1979 | 958,481 million SLC | -5.4% |
| 1980 | 1.04 million million SLC | +8.9% |
| 1981 | 1.19 million million SLC | +14.0% |
| 1982 | 1.36 million million SLC | +14.0% |
| 1983 | 1.59 million million SLC | +17.4% |
| 1984 | 1.20 million million SLC | -24.5% |
| 1985 | 1.44 million million SLC | +19.8% |
| 1986 | 1.49 million million SLC | +3.2% |
| 1987 | 2.15 million million SLC | +44.9% |
| 1988 | 2.80 million million SLC | +29.8% |
| 1989 | 4.21 million million SLC | +50.7% |
| 1990 | 4.25 million million SLC | +0.9% |
| 1991 | 4.39 million million SLC | +3.4% |
| 1992 | 4.53 million million SLC | +3.1% |
| 1993 | 4.82 million million SLC | +6.4% |
| 1994 | 5.40 million million SLC | +12.0% |
| 1995 | 5.70 million million SLC | +5.5% |
| 1996 | 6.60 million million SLC | +15.8% |
| 1997 | 6.64 million million SLC | +0.6% |
| 1998 | 6.37 million million SLC | -4.1% |
| 1999 | 8.14 million million SLC | +27.7% |
| 2000 | 6.40 million million SLC | -21.4% |
| 2001 | 6.86 million million SLC | +7.3% |
| 2002 | 9.04 million million SLC | +31.8% |
| 2003 | 9.17 million million SLC | +1.3% |
| 2004 | 11.35 million million SLC | +23.8% |
| 2005 | 12.69 million million SLC | +11.9% |
| 2006 | 16.17 million million SLC | +27.4% |
| 2007 | 21.91 million million SLC | +35.5% |
| 2008 | 22.27 million million SLC | +1.6% |
| 2009 | 22.56 million million SLC | +1.3% |
| 2010 | 19.67 million million SLC | -12.8% |
| 2011 | 23.11 million million SLC | +17.5% |
| 2012 | 29.80 million million SLC | +29.0% |
| 2013 | 29.87 million million SLC | +0.2% |
| 2014 | 33.14 million million SLC | +11.0% |
| 2015 | 36.26 million million SLC | +9.4% |
| 2016 | 38.79 million million SLC | +7.0% |
| 2017 | 46.89 million million SLC | +20.9% |
| 2018 | 53.51 million million SLC | +14.1% |
| 2019 | 61.16 million million SLC | +14.3% |
| 2020 | 61.42 million million SLC | +0.4% |
| 2021 | 61.42 million million SLC | +0.0% |
| 2022 | 56.89 million million SLC | -7.4% |
| 2023 | 49.78 million million SLC | -12.5% |
| 2024 | 52.72 million million SLC | +5.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 902,016 million SLC | 742,165 million SLC | 1.01 million million SLC | 10 |
| 1980s | 1.85 million million SLC | 1.04 million million SLC | 4.21 million million SLC | 10 |
| 1990s | 5.69 million million SLC | 4.25 million million SLC | 8.14 million million SLC | 10 |
| 2000s | 13.84 million million SLC | 6.40 million million SLC | 22.56 million million SLC | 10 |
| 2010s | 37.22 million million SLC | 19.67 million million SLC | 61.16 million million SLC | 10 |
| 2020s | 56.45 million million SLC | 49.78 million million SLC | 61.42 million million SLC | 5 |
Countries ranked near Lao People's Democratic Republic
- 2 Republic of Korea 646.38 million million SLC compare
- 2 Viet Nam 2.73 billion million SLC compare
- 3 Cabo Verde 29,020 million SLC compare
- 3 Colombia 179.68 million million SLC compare
- 3 United Republic of Tanzania 72.40 million million SLC compare
- 4 Democratic Republic of the Congo 65.40 million million SLC compare
- 4 Uzbekistan 167.34 million million SLC compare
- 5 Japan 137.68 million million SLC compare
- 6 India 73.29 million million SLC compare
- 6 Syrian Arab Republic 1.74 million million SLC compare
- 7 Somalia 51.08 million million SLC compare
- 7 Türkiye 883,949 million SLC compare
- 8 Bolivia (Plurinational State of) 53,581 million SLC compare
- 8 Paraguay 50.65 million million SLC compare
More economy & growth data for Lao People's Democratic Republic
- Gross Domestic Product — Annual growth US$ -2.97 % (2024)
- Gross Fixed Capital Formation — Share of GDP US$ 24.77 % (2024)
- Gross Fixed Capital Formation — Value US$, 2015 prices 6,487 million USD (2024)
- Gross Fixed Capital Formation — Value US$ 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 — value standard local currency, 2015 in Lao People's Democratic Republic?
- Gross fixed capital formation — value standard local currency, 2015 in Lao People's Democratic Republic was 52.72 million million SLC in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest gross fixed capital formation — value standard local currency, 2015 recorded in Lao People's Democratic Republic?
- The highest recorded value was 61.42 million million SLC in 2021.
- What is the lowest gross fixed capital formation — value standard local currency, 2015 recorded in Lao People's Democratic Republic?
- The lowest recorded value was 742,165 million SLC in 1970.
- How does Lao People's Democratic Republic rank for gross fixed capital formation — value standard local currency, 2015?
- Lao People's Democratic Republic ranks 5th out of 12 countries with data for 2024.
- Is gross fixed capital formation — value standard local currency, 2015 rising or falling in Lao People's Democratic Republic?
- Over the last ten years it is up 59.1%. 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 Fixed Capital Formation — Value Standard Local Currency, 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).