Gross National Income — Value Standard Local Currency in Laos
Laos: Gross National Income — Value Standard Local Currency was 251.17 million million SLC in 2023. ◆ Volatile
Gross National Income — Value Standard Local Currency in Laos, 1970–2023
Source: Food and Agriculture Organization of the United Nations. Measured in million SLC.
Analysis
In 2023, gross national income — value standard local currency in Laos stood at 251.17 million million SLC. That is the highest value across all 54 years on record.
That represents a change of up 23.9% on the previous year and up 182.8% over ten years.
Over the whole period, gross national income — value standard local currency in Laos peaked at 251.17 million million SLC in 2023 and was at its lowest, 175.12 million SLC, in 1970.
That places Laos 15th out of 231 countries with data for 2023, putting it in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Gross National Income — Value Standard Local Currency in Laos, year by year
| Year | million SLC | Change |
|---|---|---|
| 1970 | 175.12 million SLC | — |
| 1971 | 186.31 million SLC | +6.4% |
| 1972 | 241.14 million SLC | +29.4% |
| 1973 | 342.97 million SLC | +42.2% |
| 1974 | 533.2 million SLC | +55.5% |
| 1975 | 737.97 million SLC | +38.4% |
| 1976 | 842.6 million SLC | +14.2% |
| 1977 | 1,569 million SLC | +86.2% |
| 1978 | 1,725 million SLC | +10.0% |
| 1979 | 1,744 million SLC | +1.1% |
| 1980 | 5,540 million SLC | +217.5% |
| 1981 | 6,337 million SLC | +14.4% |
| 1982 | 11,328 million SLC | +78.8% |
| 1983 | 21,016 million SLC | +85.5% |
| 1984 | 30,324 million SLC | +44.3% |
| 1985 | 87,928 million SLC | +190.0% |
| 1986 | 129,491 million SLC | +47.3% |
| 1987 | 167,591 million SLC | +29.4% |
| 1988 | 238,143 million SLC | +42.1% |
| 1989 | 449,319 million SLC | +88.7% |
| 1990 | 638,246 million SLC | +42.0% |
| 1991 | 752,124 million SLC | +17.8% |
| 1992 | 879,917 million SLC | +17.0% |
| 1993 | 993,446 million SLC | +12.9% |
| 1994 | 1.15 million million SLC | +16.1% |
| 1995 | 1.49 million million SLC | +28.8% |
| 1996 | 1.79 million million SLC | +20.6% |
| 1997 | 2.24 million million SLC | +24.9% |
| 1998 | 4.29 million million SLC | +91.7% |
| 1999 | 10.59 million million SLC | +147.0% |
| 2000 | 13.66 million million SLC | +29.0% |
| 2001 | 15.72 million million SLC | +15.1% |
| 2002 | 18.47 million million SLC | +17.5% |
| 2003 | 21.79 million million SLC | +18.0% |
| 2004 | 26.16 million million SLC | +20.0% |
| 2005 | 30.64 million million SLC | +17.1% |
| 2006 | 34.62 million million SLC | +13.0% |
| 2007 | 42.35 million million SLC | +22.4% |
| 2008 | 47.77 million million SLC | +12.8% |
| 2009 | 50.12 million million SLC | +4.9% |
| 2010 | 56.57 million million SLC | +12.9% |
| 2011 | 65.44 million million SLC | +15.7% |
| 2012 | 76.74 million million SLC | +17.3% |
| 2013 | 88.82 million million SLC | +15.7% |
| 2014 | 102.08 million million SLC | +14.9% |
| 2015 | 112.04 million million SLC | +9.7% |
| 2016 | 123.72 million million SLC | +10.4% |
| 2017 | 133.32 million million SLC | +7.8% |
| 2018 | 145.81 million million SLC | +9.4% |
| 2019 | 153.23 million million SLC | +5.1% |
| 2020 | 163.75 million million SLC | +6.9% |
| 2021 | 174.74 million million SLC | +6.7% |
| 2022 | 202.73 million million SLC | +16.0% |
| 2023 | 251.17 million million SLC | +23.9% |
Laos compared with similar countries
- Laos's 251.17 million million SLC is above the median for lower middle income countries, which is 1.32 million million SLC, 190.1× the median. (44 countries reporting)
- Laos's 251.17 million million SLC is above the median for East Asia & Pacific, which is 482,150 million SLC, 520.9× the median. (28 countries reporting)
Biggest year-on-year movements
Years where Gross National Income — Value Standard Local Currency 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 | +217.5% | 1,744 million SLC | 5,540 million SLC |
| 1985 | +190.0% | 30,324 million SLC | 87,928 million SLC |
| 1999 | +147.0% | 4.29 million million SLC | 10.59 million million SLC |
| 1998 | +91.7% | 2.24 million million SLC | 4.29 million million SLC |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 809.81 million SLC | 175.12 million SLC | 1,744 million SLC | 10 |
| 1980s | 114,702 million SLC | 5,540 million SLC | 449,319 million SLC | 10 |
| 1990s | 2.48 million million SLC | 638,246 million SLC | 10.59 million million SLC | 10 |
| 2000s | 30.13 million million SLC | 13.66 million million SLC | 50.12 million million SLC | 10 |
| 2010s | 105.78 million million SLC | 56.57 million million SLC | 153.23 million million SLC | 10 |
| 2020s | 198.10 million million SLC | 163.75 million million SLC | 251.17 million million SLC | 4 |
Countries ranked near Laos
- 12 India 291.04 million million SLC compare
- 13 Chile 267.52 million million SLC compare
- 14 Somalia 265.54 million million SLC compare
- 15 Lao People's Democratic Republic 251.17 million million SLC compare
- 17 Nigeria 215.10 million million SLC compare
- 18 Syrian Arab Republic 207.02 million million SLC compare
- 18 Syria 207.02 million million SLC 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 in Laos?
- Gross national income — value standard local currency in Laos was 251.17 million million SLC in 2023, according to Food and Agriculture Organization of the United Nations.
- What is the highest gross national income — value standard local currency recorded in Laos?
- The highest recorded value was 251.17 million million SLC in 2023.
- What is the lowest gross national income — value standard local currency recorded in Laos?
- The lowest recorded value was 175.12 million SLC in 1970.
- How does Laos rank for gross national income — value standard local currency?
- Laos ranks 15th out of 231 countries with data for 2023.
- Is gross national income — value standard local currency rising or falling in Laos?
- Over the last ten years it is up 182.8%. 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 National Income — 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).