Gross savings in Laos
Laos: Gross savings was 2.81 billion current US$ in 2016. ◆ Volatile
Gross savings in Laos, 1984–2016
Source: Country official statistics, National Statistical Offices (NSOs). Measured in current US$.
Analysis
In 2016, gross savings in Laos stood at 2.81 billion current US$. That is the highest value across all 22 years on record.
Compared with earlier readings it is up 81.0% on the previous year and up 260.0% over ten years.
Over the whole period, gross savings in Laos peaked at 2.81 billion current US$ in 2016 and was at its lowest, -3.67 million current US$, in 1988.
Laos ranks 130th of 178 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Gross savings in Laos, year by year
| Year | current US$ | Change |
|---|---|---|
| 1984 | 87.81 million current US$ | — |
| 1985 | 80.71 million current US$ | -8.1% |
| 1986 | 81.03 million current US$ | +0.4% |
| 1987 | 51.55 million current US$ | -36.4% |
| 1988 | -3.67 million current US$ | -107.1% |
| 2000 | 147.66 million current US$ | -4122.9% |
| 2001 | 24.70 million current US$ | -83.3% |
| 2002 | 322.94 million current US$ | +1207.3% |
| 2003 | 213.76 million current US$ | -33.8% |
| 2004 | 348.39 million current US$ | +63.0% |
| 2005 | 553.81 million current US$ | +59.0% |
| 2006 | 779.66 million current US$ | +40.8% |
| 2007 | 808.27 million current US$ | +3.7% |
| 2008 | 764.21 million current US$ | -5.5% |
| 2009 | 970.03 million current US$ | +26.9% |
| 2010 | 689.98 million current US$ | -28.9% |
| 2011 | 1.61 billion current US$ | +133.4% |
| 2012 | 700.04 million current US$ | -56.5% |
| 2013 | 685.11 million current US$ | -2.1% |
| 2014 | 1.35 billion current US$ | +97.2% |
| 2015 | 1.55 billion current US$ | +14.8% |
| 2016 | 2.81 billion current US$ | +81.0% |
Laos compared with similar countries
- Laos's 2.81 billion current US$ is below the median for lower middle income countries, which is 4.69 billion current US$, 60% of the median. (45 countries reporting)
- Laos's 2.81 billion current US$ is below the median for East Asia & Pacific, which is 6.81 billion current US$, 41% of the median. (29 countries reporting)
Biggest year-on-year movements
Years where Gross savings in Laos changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2000 | +4122.9% | -3.67 million current US$ | 147.66 million current US$ |
| 2002 | +1207.3% | 24.70 million current US$ | 322.94 million current US$ |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 59.49 million current US$ | -3.67 million current US$ | 87.81 million current US$ | 5 |
| 2000s | 493.34 million current US$ | 24.70 million current US$ | 970.03 million current US$ | 10 |
| 2010s | 1.34 billion current US$ | 685.11 million current US$ | 2.81 billion current US$ | 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$), annual growth rate 25.05 % change on previous year (2024)
Frequently asked questions
- What is gross savings in Laos?
- Gross savings in Laos was 2.81 billion current US$ 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 2.81 billion current US$ in 2016.
- What is the lowest gross savings recorded in Laos?
- The lowest recorded value was -3.67 million current US$ in 1988.
- How does Laos rank for gross savings?
- Laos ranks 130th out of 178 countries with data for 2016.
- Is gross savings rising or falling in Laos?
- Over the last ten years it is up 260.0%. 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 US$). 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 indicator is expressed in United States dollars.