Gross National Income — Value Standard Local Currency, annual growth in Lao People's Democratic Republic
Lao People's Democratic Republic: 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 Lao People's Democratic Republic, 1971–2023
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
The most recent figure for gross national income — value standard local currency, annual growth in Lao People's Democratic Republic is 23.9 % change on previous year, measured in 2023.
The figure 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 Lao People's Democratic Republic peaked at 217.54 % change on previous year in 1980 and was at its lowest, 1.1 % change on previous year, in 1979.
Lao People's Democratic Republic 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 Lao People's Democratic Republic, 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 Lao People's Democratic Republic 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 Lao People's Democratic Republic
- 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 Laos 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 Lao People's Democratic Republic
- Gross Domestic Product — Value Standard Local Currency, 2015 prices 4.26 % change on previous year (2024)
- GDP Deflator — Value Standard Local Currency, 2015 prices, annual 13.91 % change on previous year (2024)
- GDP Deflator — Value US$, 2015 prices, annual growth rate -6.93 % change on previous year (2024)
- Gross Fixed Capital Formation Deflator — Value Standard Local 1.97 % change on previous year (2024)
- Gross Fixed Capital Formation Deflator — Value US$, 2015 prices -16.69 % change on previous year (2024)
- Gross Domestic Product — Value US$, annual growth rate -2.97 % change on previous year (2024)
- Gross Fixed Capital Formation — Value Standard Local Currency, annual 8 % change on previous year (2024)
- Gross Fixed Capital Formation — Value Standard Local Currency, 2015 5.92 % change on previous year (2024)
- Gross Fixed Capital Formation — Value US$, annual growth rate -11.76 % change on previous year (2024)
- Gross Fixed Capital Formation — Value US$, 2015 prices, annual growth 5.92 % change on previous year (2024)
Frequently asked questions
- What is gross national income — value standard local currency, annual growth in Lao People's Democratic Republic?
- Gross national income — value standard local currency, annual growth in Lao People's Democratic Republic 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 Lao People's Democratic Republic?
- 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 Lao People's Democratic Republic?
- The lowest recorded value was 1.1 % change on previous year in 1979.
- How does Lao People's Democratic Republic rank for gross national income — value standard local currency, annual growth?
- Lao People's Democratic Republic ranks 27th out of 231 countries with data for 2023.
- Is gross national income — value standard local currency, annual growth rising or falling in Lao People's Democratic Republic?
- Over the last ten years it is up 51.8%. 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 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.