Gross National Income — Value Standard Local Currency, annual growth in Laos
Laos: Gross National Income — Value Standard Local Currency, annual growth was 23.9 % change on previous year in 2023. ◆ Volatile
Gross National Income — Value Standard Local Currency, annual growth in Laos, 1971–2023
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
Laos recorded 23.9 % change on previous year for gross national income — value standard local currency, annual growth in 2023.
Compared with earlier readings it is up 49.2% on the previous year and up 51.8% over ten years.
Over the whole period, gross national income — value standard local currency, annual growth in Laos peaked at 217.54 % change on previous year in 1980 and was at its lowest, 1.1 % change on previous year, in 1979.
Laos ranks 27th of 231 countries on this measure, in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Gross National Income — Value Standard Local Currency, annual growth in Laos, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1971 | 6.39 % change on previous year | — |
| 1972 | 29.43 % change on previous year | +360.6% |
| 1973 | 42.23 % change on previous year | +43.5% |
| 1974 | 55.47 % change on previous year | +31.3% |
| 1975 | 38.4 % change on previous year | -30.8% |
| 1976 | 14.18 % change on previous year | -63.1% |
| 1977 | 86.19 % change on previous year | +507.9% |
| 1978 | 9.99 % change on previous year | -88.4% |
| 1979 | 1.1 % change on previous year | -89.0% |
| 1980 | 217.54 % change on previous year | +19635.4% |
| 1981 | 14.39 % change on previous year | -93.4% |
| 1982 | 78.76 % change on previous year | +447.2% |
| 1983 | 85.53 % change on previous year | +8.6% |
| 1984 | 44.29 % change on previous year | -48.2% |
| 1985 | 189.97 % change on previous year | +328.9% |
| 1986 | 47.27 % change on previous year | -75.1% |
| 1987 | 29.42 % change on previous year | -37.8% |
| 1988 | 42.1 % change on previous year | +43.1% |
| 1989 | 88.68 % change on previous year | +110.6% |
| 1990 | 42.05 % change on previous year | -52.6% |
| 1991 | 17.84 % change on previous year | -57.6% |
| 1992 | 16.99 % change on previous year | -4.8% |
| 1993 | 12.9 % change on previous year | -24.1% |
| 1994 | 16.07 % change on previous year | +24.5% |
| 1995 | 28.83 % change on previous year | +79.5% |
| 1996 | 20.61 % change on previous year | -28.5% |
| 1997 | 24.87 % change on previous year | +20.7% |
| 1998 | 91.74 % change on previous year | +268.8% |
| 1999 | 146.97 % change on previous year | +60.2% |
| 2000 | 28.96 % change on previous year | -80.3% |
| 2001 | 15.09 % change on previous year | -47.9% |
| 2002 | 17.49 % change on previous year | +15.9% |
| 2003 | 17.96 % change on previous year | +2.7% |
| 2004 | 20.04 % change on previous year | +11.6% |
| 2005 | 17.13 % change on previous year | -14.5% |
| 2006 | 12.98 % change on previous year | -24.2% |
| 2007 | 22.35 % change on previous year | +72.3% |
| 2008 | 12.78 % change on previous year | -42.8% |
| 2009 | 4.93 % change on previous year | -61.4% |
| 2010 | 12.87 % change on previous year | +161.1% |
| 2011 | 15.68 % change on previous year | +21.9% |
| 2012 | 17.26 % change on previous year | +10.1% |
| 2013 | 15.74 % change on previous year | -8.8% |
| 2014 | 14.94 % change on previous year | -5.1% |
| 2015 | 9.75 % change on previous year | -34.7% |
| 2016 | 10.43 % change on previous year | +7.0% |
| 2017 | 7.76 % change on previous year | -25.6% |
| 2018 | 9.37 % change on previous year | +20.7% |
| 2019 | 5.09 % change on previous year | -45.6% |
| 2020 | 6.86 % change on previous year | +34.8% |
| 2021 | 6.71 % change on previous year | -2.2% |
| 2022 | 16.02 % change on previous year | +138.7% |
| 2023 | 23.9 % change on previous year | +49.2% |
Biggest year-on-year movements
Years where Gross National Income — Value Standard Local Currency, annual growth 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 |
|---|---|---|---|
| 1980 | +19635.4% | 1.1 % change on previous year | 217.54 % change on previous year |
| 1977 | +507.9% | 14.18 % change on previous year | 86.19 % change on previous year |
| 1982 | +447.2% | 14.39 % change on previous year | 78.76 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 31.49 % change on previous year | 1.1 % change on previous year | 86.19 % change on previous year | 9 |
| 1980s | 83.79 % change on previous year | 14.39 % change on previous year | 217.54 % change on previous year | 10 |
| 1990s | 41.89 % change on previous year | 12.9 % change on previous year | 146.97 % change on previous year | 10 |
| 2000s | 16.97 % change on previous year | 4.93 % change on previous year | 28.96 % change on previous year | 10 |
| 2010s | 11.89 % change on previous year | 5.09 % change on previous year | 17.26 % change on previous year | 10 |
| 2020s | 13.37 % change on previous year | 6.71 % change on previous year | 23.9 % change on previous year | 4 |
Countries ranked near Laos
- 24 Ukraine 24.79 % change on previous year compare
- 25 Samoa 24.13 % change on previous year compare
- 26 Malawi 24.12 % change on previous year compare
- 27 Lao People's Democratic Republic 23.9 % change on previous year compare
- 29 Sao Tome and Principe 22.14 % change on previous year compare
- 30 Sudan (former) 21.49 % change on previous year 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 national income — value standard local currency, annual growth in Laos?
- Gross national income — value standard local currency, annual growth in Laos was 23.9 % change on previous year in 2023, according to Statizoid (derived).
- What is the highest gross national income — value standard local currency, annual growth recorded in Laos?
- The highest recorded value was 217.54 % change on previous year in 1980.
- What is the lowest gross national income — value standard local currency, annual growth recorded in Laos?
- The lowest recorded value was 1.1 % change on previous year in 1979.
- How does Laos rank for gross national income — value standard local currency, annual growth?
- Laos ranks 27th out of 231 countries with data for 2023.
- Is gross national income — value standard local currency, annual growth rising or falling in Laos?
- Over the last ten years it is up 51.8%. The long-run trend across the full record is volatile.
- Where does this Laos data come from?
- The figures come from Statizoid (derived), published as part of Gross National Income — Value Standard Local Currency, annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 53 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in Gross National Income — Value Standard Local Currency. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Gross National Income — Value Standard Local Currency Food and Agriculture Organization of the United Nations
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
The year-on-year percentage change in Gross National Income — Value Standard Local Currency. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.