Gross Fixed Capital Formation — Value Standard Local Currency in Lao People's Democratic Republic
Lao People's Democratic Republic: 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 Lao People's Democratic Republic, 1970–2024
Source: Food and Agriculture Organization of the United Nations. Measured in million SLC.
Analysis
The most recent figure for gross fixed capital formation — value standard local currency in Lao People's Democratic Republic is 78.08 million million SLC, measured in 2024. That is the highest value across all 55 years on record.
The figure is 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 Lao People's Democratic Republic peaked at 78.08 million million SLC in 2024 and was at its lowest, 13.28 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 in Lao People's Democratic Republic, 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% |
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 Lao People's Democratic Republic
- 1 Indonesia 6.49 billion million SLC compare
- 2 Republic of Korea 817.42 million million SLC compare
- 2 Viet Nam 3.36 billion million SLC compare
- 3 Cabo Verde 52,503 million SLC compare
- 3 Uzbekistan 512.19 million million SLC compare
- 4 Lebanon 451.23 million million SLC compare
- 5 Colombia 298.38 million million SLC compare
- 5 Democratic Republic of the Congo 65.42 million million SLC compare
- 6 Japan 154.55 million million SLC compare
- 6 Türkiye 13.46 million million SLC compare
- 7 India 102.08 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$, 2015 prices 6,487 million USD (2024)
- Gross Fixed Capital Formation — Value Standard Local Currency, 2015 52.72 million million SLC (2024)
- Gross Fixed Capital Formation — Value US$ 3,607 million USD (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 in Lao People's Democratic Republic?
- Gross fixed capital formation — value standard local currency in Lao People's Democratic Republic 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 Lao People's Democratic Republic?
- 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 Lao People's Democratic Republic?
- The lowest recorded value was 13.28 million SLC in 1970.
- How does Lao People's Democratic Republic rank for gross fixed capital formation — value standard local currency?
- Lao People's Democratic Republic ranks 4th out of 12 regions with data for 2024.
- Is gross fixed capital formation — value standard local currency rising or falling in Lao People's Democratic Republic?
- Over the last ten years it is up 138.2%. 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. 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).