Gross Fixed Capital Formation — Value US$ in Lao People's Democratic Republic
Lao People's Democratic Republic: Gross Fixed Capital Formation — Value US$ was 3,607 million USD in 2024. ◆ Volatile
Gross Fixed Capital Formation — Value US$ in Lao People's Democratic Republic, 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$ in Lao People's Democratic Republic is 3,607 million USD, measured in 2024.
That represents a change of down 11.8% on the previous year and down 11.5% over ten years.
Over the whole period, gross fixed capital formation — value us$ in Lao People's Democratic Republic peaked at 7,292 million USD in 2019 and was at its lowest, 9.03 million USD, in 1970.
The series is highly variable year to year, so single readings are best treated with caution.
Gross Fixed Capital Formation — Value US$ in Lao People's Democratic Republic, year by year
| Year | million USD | Change |
|---|---|---|
| 1970 | 9.03 million USD | — |
| 1971 | 9.95 million USD | +10.2% |
| 1972 | 10.74 million USD | +7.9% |
| 1973 | 12.37 million USD | +15.2% |
| 1974 | 13.95 million USD | +12.7% |
| 1975 | 16.2 million USD | +16.1% |
| 1976 | 17.51 million USD | +8.1% |
| 1977 | 18.35 million USD | +4.8% |
| 1978 | 20.35 million USD | +10.9% |
| 1979 | 20.86 million USD | +2.5% |
| 1980 | 24.76 million USD | +18.7% |
| 1981 | 30.91 million USD | +24.8% |
| 1982 | 37.4 million USD | +21.0% |
| 1983 | 45.61 million USD | +21.9% |
| 1984 | 35.69 million USD | -21.8% |
| 1985 | 44.09 million USD | +23.5% |
| 1986 | 46.43 million USD | +5.3% |
| 1987 | 68.95 million USD | +48.5% |
| 1988 | 92.68 million USD | +34.4% |
| 1989 | 145.1 million USD | +56.6% |
| 1990 | 151.91 million USD | +4.7% |
| 1991 | 178.9 million USD | +17.8% |
| 1992 | 200.5 million USD | +12.1% |
| 1993 | 227.47 million USD | +13.5% |
| 1994 | 274.29 million USD | +20.6% |
| 1995 | 310.11 million USD | +13.1% |
| 1996 | 354.26 million USD | +14.2% |
| 1997 | 310.75 million USD | -12.3% |
| 1998 | 210.8 million USD | -32.2% |
| 1999 | 284.02 million USD | +34.7% |
| 2000 | 251.57 million USD | -11.4% |
| 2001 | 257.55 million USD | +2.4% |
| 2002 | 553.76 million USD | +115.0% |
| 2003 | 606.33 million USD | +9.5% |
| 2004 | 814.93 million USD | +34.4% |
| 2005 | 1,010 million USD | +24.0% |
| 2006 | 1,039 million USD | +2.8% |
| 2007 | 1,365 million USD | +31.3% |
| 2008 | 1,725 million USD | +26.4% |
| 2009 | 1,980 million USD | +14.8% |
| 2010 | 1,958 million USD | -1.1% |
| 2011 | 2,456 million USD | +25.4% |
| 2012 | 3,313 million USD | +34.9% |
| 2013 | 3,645 million USD | +10.0% |
| 2014 | 4,076 million USD | +11.8% |
| 2015 | 4,461 million USD | +9.4% |
| 2016 | 4,704 million USD | +5.5% |
| 2017 | 5,707 million USD | +21.3% |
| 2018 | 6,514 million USD | +14.1% |
| 2019 | 7,292 million USD | +11.9% |
| 2020 | 7,233 million USD | -0.8% |
| 2021 | 6,975 million USD | -3.6% |
| 2022 | 4,983 million USD | -28.6% |
| 2023 | 4,087 million USD | -18.0% |
| 2024 | 3,607 million USD | -11.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 14.93 million USD | 9.03 million USD | 20.86 million USD | 10 |
| 1980s | 57.16 million USD | 24.76 million USD | 145.1 million USD | 10 |
| 1990s | 250.3 million USD | 151.91 million USD | 354.26 million USD | 10 |
| 2000s | 960.39 million USD | 251.57 million USD | 1,980 million USD | 10 |
| 2010s | 4,412 million USD | 1,958 million USD | 7,292 million USD | 10 |
| 2020s | 5,377 million USD | 3,607 million USD | 7,233 million USD | 5 |
Countries ranked near Lao People's Democratic Republic
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$, 2015 prices 6,487 million USD (2024)
- Gross Fixed Capital Formation — Value Standard Local Currency, 2015 52.72 million million SLC (2024)
- Gross Fixed Capital Formation — Value Standard Local Currency 78.08 million million SLC (2024)
- Gross Domestic Product — Annual growth US$ 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$, 2015 prices 22,420 million USD (2024)
Frequently asked questions
- What is gross fixed capital formation — value us$ in Lao People's Democratic Republic?
- Gross fixed capital formation — value us$ in Lao People's Democratic Republic was 3,607 million USD in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest gross fixed capital formation — value us$ recorded in Lao People's Democratic Republic?
- The highest recorded value was 7,292 million USD in 2019.
- What is the lowest gross fixed capital formation — value us$ recorded in Lao People's Democratic Republic?
- The lowest recorded value was 9.03 million USD in 1970.
- How does Lao People's Democratic Republic rank for gross fixed capital formation — value us$?
- Lao People's Democratic Republic ranks 14th out of 19 regions with data for 2024.
- Is gross fixed capital formation — value us$ rising or falling in Lao People's Democratic Republic?
- Over the last ten years it is down 11.5%. 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 US$. 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).