Gross Fixed Capital Formation — Value Standard Local Currency in Laos
Laos: Gross Fixed Capital Formation — Value Standard Local Currency was 78.08 million million SLC in 2024. ◆ Volatile
Gross Fixed Capital Formation — Value Standard Local Currency in Laos, 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 in Laos stood at 78.08 million million SLC. That is the highest value across all 55 years on record.
That represents a change of up 8.0% on the previous year and up 138.2% over ten years.
Over the whole period, gross fixed capital formation — value standard local currency in Laos peaked at 78.08 million million SLC in 2024 and was at its lowest, 13.28 million SLC, in 1970.
Laos ranks 14th of 230 countries on this measure, in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Gross Fixed Capital Formation — Value Standard Local Currency in Laos, year by year
| Year | million SLC | Change |
|---|---|---|
| 1970 | 13.28 million SLC | — |
| 1971 | 14.11 million SLC | +6.3% |
| 1972 | 18.26 million SLC | +29.4% |
| 1973 | 26.09 million SLC | +42.9% |
| 1974 | 40.48 million SLC | +55.1% |
| 1975 | 55.83 million SLC | +37.9% |
| 1976 | 63.44 million SLC | +13.6% |
| 1977 | 118.88 million SLC | +87.4% |
| 1978 | 134.18 million SLC | +12.9% |
| 1979 | 131.01 million SLC | -2.4% |
| 1980 | 411.7 million SLC | +214.2% |
| 1981 | 465.67 million SLC | +13.1% |
| 1982 | 886.05 million SLC | +90.3% |
| 1983 | 1,843 million SLC | +108.0% |
| 1984 | 1,874 million SLC | +1.7% |
| 1985 | 6,192 million SLC | +230.5% |
| 1986 | 8,975 million SLC | +44.9% |
| 1987 | 17,076 million SLC | +90.3% |
| 1988 | 32,151 million SLC | +88.3% |
| 1989 | 80,031 million SLC | +148.9% |
| 1990 | 107,513 million SLC | +34.3% |
| 1991 | 125,602 million SLC | +16.8% |
| 1992 | 143,577 million SLC | +14.3% |
| 1993 | 162,929 million SLC | +13.5% |
| 1994 | 196,852 million SLC | +20.8% |
| 1995 | 249,543 million SLC | +26.8% |
| 1996 | 326,284 million SLC | +30.8% |
| 1997 | 391,545 million SLC | +20.0% |
| 1998 | 695,283 million SLC | +77.6% |
| 1999 | 2.02 million million SLC | +190.1% |
| 2000 | 1.98 million million SLC | -1.6% |
| 2001 | 2.31 million million SLC | +16.2% |
| 2002 | 5.57 million million SLC | +141.5% |
| 2003 | 6.41 million million SLC | +15.1% |
| 2004 | 8.63 million million SLC | +34.6% |
| 2005 | 10.77 million million SLC | +24.8% |
| 2006 | 10.55 million million SLC | -2.0% |
| 2007 | 13.10 million million SLC | +24.2% |
| 2008 | 15.08 million million SLC | +15.1% |
| 2009 | 16.86 million million SLC | +11.8% |
| 2010 | 16.16 million million SLC | -4.1% |
| 2011 | 19.72 million million SLC | +22.0% |
| 2012 | 26.52 million million SLC | +34.5% |
| 2013 | 28.55 million million SLC | +7.7% |
| 2014 | 32.78 million million SLC | +14.8% |
| 2015 | 36.26 million million SLC | +10.6% |
| 2016 | 38.22 million million SLC | +5.4% |
| 2017 | 47.05 million million SLC | +23.1% |
| 2018 | 54.72 million million SLC | +16.3% |
| 2019 | 63.29 million million SLC | +15.7% |
| 2020 | 65.43 million million SLC | +3.4% |
| 2021 | 67.64 million million SLC | +3.4% |
| 2022 | 69.93 million million SLC | +3.4% |
| 2023 | 72.30 million million SLC | +3.4% |
| 2024 | 78.08 million million SLC | +8.0% |
Laos compared with similar countries
- Laos's 78.08 million million SLC is above the median for lower middle income countries, which is 367,772 million SLC, 212.3× the median. (44 countries reporting)
- Laos's 78.08 million million SLC is above the median for East Asia & Pacific, which is 123,364 million SLC, 633.0× the median. (28 countries reporting)
Biggest year-on-year movements
Years where Gross Fixed Capital Formation — Value Standard Local Currency in Laos changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1985 | +230.5% | 1,874 million SLC | 6,192 million SLC |
| 1980 | +214.2% | 131.01 million SLC | 411.7 million SLC |
| 1999 | +190.1% | 695,283 million SLC | 2.02 million million SLC |
| 1989 | +148.9% | 32,151 million SLC | 80,031 million SLC |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 61.56 million SLC | 13.28 million SLC | 134.18 million SLC | 10 |
| 1980s | 14,991 million SLC | 411.7 million SLC | 80,031 million SLC | 10 |
| 1990s | 441,625 million SLC | 107,513 million SLC | 2.02 million million SLC | 10 |
| 2000s | 9.12 million million SLC | 1.98 million million SLC | 16.86 million million SLC | 10 |
| 2010s | 36.33 million million SLC | 16.16 million million SLC | 63.29 million million SLC | 10 |
| 2020s | 70.68 million million SLC | 65.43 million million SLC | 78.08 million million SLC | 5 |
Countries ranked near Laos
- 11 Argentina 91.73 million million SLC compare
- 12 Nigeria 90.11 million million SLC compare
- 13 United Republic of Tanzania 82.68 million million SLC compare
- 14 Lao People's Democratic Republic 78.08 million million SLC compare
- 16 Chile 71.97 million million SLC compare
- 17 Paraguay 69.92 million million SLC compare
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 — value standard local currency in Laos?
- Gross fixed capital formation — value standard local currency in Laos was 78.08 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 recorded in Laos?
- The highest recorded value was 78.08 million million SLC in 2024.
- What is the lowest gross fixed capital formation — value standard local currency recorded in Laos?
- The lowest recorded value was 13.28 million SLC in 1970.
- How does Laos rank for gross fixed capital formation — value standard local currency?
- Laos ranks 14th out of 230 countries with data for 2024.
- Is gross fixed capital formation — value standard local currency rising or falling in Laos?
- Over the last ten years it is up 138.2%. The long-run trend across the full record is volatile.
- Where does this Laos 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. 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).