Gross Fixed Capital Formation — Value US$, 2015 prices in Laos
Laos: Gross Fixed Capital Formation — Value US$, 2015 prices was 6,487 million USD in 2024. ◆ Volatile
Gross Fixed Capital Formation — Value US$, 2015 prices in Laos, 1970–2024
Source: Food and Agriculture Organization of the United Nations. Measured in million USD.
Analysis
The most recent figure for gross fixed capital formation — value us$, 2015 prices in Laos is 6,487 million USD, measured in 2024.
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 us$, 2015 prices in Laos peaked at 7,557 million USD in 2021 and was at its lowest, 91.31 million USD, in 1970.
That places Laos 120th out of 235 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Gross Fixed Capital Formation — Value US$, 2015 prices in Laos, year by year
| Year | million USD | Change |
|---|---|---|
| 1970 | 91.31 million USD | — |
| 1971 | 95.76 million USD | +4.9% |
| 1972 | 99.07 million USD | +3.5% |
| 1973 | 108.2 million USD | +9.2% |
| 1974 | 111.9 million USD | +3.4% |
| 1975 | 118.95 million USD | +6.3% |
| 1976 | 121.88 million USD | +2.5% |
| 1977 | 120.22 million USD | -1.4% |
| 1978 | 124.6 million USD | +3.6% |
| 1979 | 117.93 million USD | -5.4% |
| 1980 | 128.38 million USD | +8.9% |
| 1981 | 146.4 million USD | +14.0% |
| 1982 | 166.87 million USD | +14.0% |
| 1983 | 195.83 million USD | +17.4% |
| 1984 | 147.88 million USD | -24.5% |
| 1985 | 177.09 million USD | +19.8% |
| 1986 | 182.82 million USD | +3.2% |
| 1987 | 264.91 million USD | +44.9% |
| 1988 | 343.96 million USD | +29.8% |
| 1989 | 518.18 million USD | +50.7% |
| 1990 | 522.91 million USD | +0.9% |
| 1991 | 540.67 million USD | +3.4% |
| 1992 | 557.66 million USD | +3.1% |
| 1993 | 593.43 million USD | +6.4% |
| 1994 | 664.77 million USD | +12.0% |
| 1995 | 701.29 million USD | +5.5% |
| 1996 | 812.39 million USD | +15.8% |
| 1997 | 817.44 million USD | +0.6% |
| 1998 | 783.58 million USD | -4.1% |
| 1999 | 1,001 million USD | +27.7% |
| 2000 | 787.16 million USD | -21.4% |
| 2001 | 844.34 million USD | +7.3% |
| 2002 | 1,113 million USD | +31.8% |
| 2003 | 1,128 million USD | +1.3% |
| 2004 | 1,396 million USD | +23.8% |
| 2005 | 1,562 million USD | +11.9% |
| 2006 | 1,989 million USD | +27.4% |
| 2007 | 2,696 million USD | +35.5% |
| 2008 | 2,740 million USD | +1.6% |
| 2009 | 2,776 million USD | +1.3% |
| 2010 | 2,420 million USD | -12.8% |
| 2011 | 2,843 million USD | +17.5% |
| 2012 | 3,667 million USD | +29.0% |
| 2013 | 3,675 million USD | +0.2% |
| 2014 | 4,078 million USD | +11.0% |
| 2015 | 4,461 million USD | +9.4% |
| 2016 | 4,773 million USD | +7.0% |
| 2017 | 5,769 million USD | +20.9% |
| 2018 | 6,584 million USD | +14.1% |
| 2019 | 7,524 million USD | +14.3% |
| 2020 | 7,557 million USD | +0.4% |
| 2021 | 7,557 million USD | +0.0% |
| 2022 | 6,999 million USD | -7.4% |
| 2023 | 6,124 million USD | -12.5% |
| 2024 | 6,487 million USD | +5.9% |
Laos compared with similar countries
- Laos's 6,487 million USD is above the median for lower middle income countries, which is 5,259 million USD, 1.2× the median. (44 countries reporting)
- Laos's 6,487 million USD is above the median for East Asia & Pacific, which is 3,296 million USD, 2.0× the median. (28 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 110.98 million USD | 91.31 million USD | 124.6 million USD | 10 |
| 1980s | 227.23 million USD | 128.38 million USD | 518.18 million USD | 10 |
| 1990s | 699.51 million USD | 522.91 million USD | 1,001 million USD | 10 |
| 2000s | 1,703 million USD | 787.16 million USD | 2,776 million USD | 10 |
| 2010s | 4,579 million USD | 2,420 million USD | 7,524 million USD | 10 |
| 2020s | 6,945 million USD | 6,124 million USD | 7,557 million USD | 5 |
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$), annual growth rate 25.05 % change on previous year (2024)
Frequently asked questions
- What is gross fixed capital formation — value us$, 2015 prices in Laos?
- Gross fixed capital formation — value us$, 2015 prices in Laos was 6,487 million USD in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest gross fixed capital formation — value us$, 2015 prices recorded in Laos?
- The highest recorded value was 7,557 million USD in 2021.
- What is the lowest gross fixed capital formation — value us$, 2015 prices recorded in Laos?
- The lowest recorded value was 91.31 million USD in 1970.
- How does Laos rank for gross fixed capital formation — value us$, 2015 prices?
- Laos ranks 120th out of 235 countries with data for 2024.
- Is gross fixed capital formation — value us$, 2015 prices rising or falling in Laos?
- Over the last ten years it is up 59.1%. The long-run trend across the full record is volatile.
- Where does this Laos data come from?
- The figures come from Food and Agriculture Organization of the United Nations, published as part of Gross Fixed Capital Formation — Value US$, 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).