Gross savings in Laos
Laos: Gross savings was 22.80 trillion current LCU in 2016. ◆ Volatile
Gross savings in Laos, 1984–2016
Source: Country official statistics, National Statistical Offices (NSOs). Measured in current LCU.
Analysis
Laos recorded 22.80 trillion current LCU for gross savings in 2016. That is the highest value across all 22 years on record.
That represents a change of up 81.0% on the previous year and up 188.1% over ten years.
Over the whole period, gross savings in Laos peaked at 22.80 trillion current LCU in 2016 and was at its lowest, -1.44 billion current LCU, in 1988.
That places Laos 20th out of 178 countries with data for 2016, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Gross savings in Laos, year by year
| Year | current LCU | Change |
|---|---|---|
| 1984 | 3.07 billion current LCU | — |
| 1985 | 3.63 billion current LCU | +18.2% |
| 1986 | 7.70 billion current LCU | +111.9% |
| 1987 | 9.03 billion current LCU | +17.3% |
| 1988 | -1.44 billion current LCU | -115.9% |
| 2000 | 1.16 trillion current LCU | -80945.7% |
| 2001 | 219.31 billion current LCU | -81.1% |
| 2002 | 3.25 trillion current LCU | +1380.9% |
| 2003 | 2.25 trillion current LCU | -30.8% |
| 2004 | 3.69 trillion current LCU | +64.1% |
| 2005 | 5.90 trillion current LCU | +60.0% |
| 2006 | 7.92 trillion current LCU | +34.2% |
| 2007 | 7.76 trillion current LCU | -2.0% |
| 2008 | 6.68 trillion current LCU | -13.9% |
| 2009 | 8.26 trillion current LCU | +23.6% |
| 2010 | 5.70 trillion current LCU | -31.0% |
| 2011 | 12.93 trillion current LCU | +127.0% |
| 2012 | 5.60 trillion current LCU | -56.6% |
| 2013 | 5.37 trillion current LCU | -4.3% |
| 2014 | 10.86 trillion current LCU | +102.4% |
| 2015 | 12.60 trillion current LCU | +16.0% |
| 2016 | 22.80 trillion current LCU | +81.0% |
Laos compared with similar countries
- Laos's 22.80 trillion current LCU is above the median for lower middle income countries, which is 205.45 billion current LCU, 111.0× the median. (45 countries reporting)
- Laos's 22.80 trillion current LCU is above the median for East Asia & Pacific, which is 190.11 billion current LCU, 119.9× the median. (29 countries reporting)
Biggest year-on-year movements
Years where Gross savings 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 |
|---|---|---|---|
| 2000 | +80945.7% | -1.44 billion current LCU | 1.16 trillion current LCU |
| 2002 | +1380.9% | 219.31 billion current LCU | 3.25 trillion current LCU |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 4.40 billion current LCU | -1.44 billion current LCU | 9.03 billion current LCU | 5 |
| 2000s | 4.71 trillion current LCU | 219.31 billion current LCU | 8.26 trillion current LCU | 10 |
| 2010s | 10.84 trillion current LCU | 5.37 trillion current LCU | 22.80 trillion current LCU | 7 |
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 savings in Laos?
- Gross savings in Laos was 22.80 trillion current LCU in 2016, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest gross savings recorded in Laos?
- The highest recorded value was 22.80 trillion current LCU in 2016.
- What is the lowest gross savings recorded in Laos?
- The lowest recorded value was -1.44 billion current LCU in 1988.
- How does Laos rank for gross savings?
- Laos ranks 20th out of 178 countries with data for 2016.
- Is gross savings rising or falling in Laos?
- Over the last ten years it is up 188.1%. The long-run trend across the full record is volatile.
- Where does this Laos data come from?
- The figures come from Country official statistics, National Statistical Offices (NSOs), published as part of Gross savings (current LCU). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 22 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Savings is an amount that represents the part of disposable income (adjusted for the change in pension entitlements) that is not spent on final consumption. Gross savings are calculated as gross national income less total consumption, plus net transfers. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.