Gross savings in Lao People's Democratic Republic
Lao People's Democratic Republic: Gross savings was 17.6% in 2016. ◆ Volatile
Gross savings in Lao People's Democratic Republic, 1984–2016
Source: Country official statistics, National Statistical Offices (NSOs). Measured in % of GDP.
Analysis
Lao People's Democratic Republic recorded 17.6% for gross savings in 2016.
That represents a change of up 64.1% on the previous year and down 21.8% over ten years.
Over the whole period, gross savings in Lao People's Democratic Republic peaked at 22.6% in 2006 and was at its lowest, -0.6%, in 1988.
Lao People's Democratic Republic ranks 116th 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 Lao People's Democratic Republic, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1984 | 5.0% | — |
| 1985 | 3.4% | -31.8% |
| 1986 | 4.6% | +33.7% |
| 1987 | 4.7% | +4.0% |
| 1988 | -0.6% | -112.9% |
| 2000 | 8.5% | -1491.8% |
| 2001 | 1.4% | -83.6% |
| 2002 | 18.4% | +1215.1% |
| 2003 | 10.6% | -42.5% |
| 2004 | 14.7% | +39.4% |
| 2005 | 20.2% | +37.5% |
| 2006 | 22.6% | +11.5% |
| 2007 | 19.1% | -15.2% |
| 2008 | 14.0% | -26.7% |
| 2009 | 16.6% | +18.5% |
| 2010 | 9.7% | -41.8% |
| 2011 | 18.4% | +90.2% |
| 2012 | 6.9% | -62.7% |
| 2013 | 5.7% | -16.8% |
| 2014 | 10.2% | +77.9% |
| 2015 | 10.7% | +5.7% |
| 2016 | 17.6% | +64.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 3.4% | -0.6% | 5.0% | 5 |
| 2000s | 14.6% | 1.4% | 22.6% | 10 |
| 2010s | 11.3% | 5.7% | 18.4% | 7 |
Countries ranked near Lao People's Democratic Republic
More economy & growth data for Lao People's Democratic Republic
- 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)
- Manufacturing, value added (current US$), per unit of GDP 0.0911 current US$ per US$ of GDP (2025)
- Manufacturing, value added (current US$), per capita 211.88 current US$ per person (2025)
- Manufacturing, value added (current LCU), per unit of GDP 1,863 current LCU per US$ of GDP (2025)
- Manufacturing, value added (current LCU), per capita 4.33 million current LCU per person (2025)
- Manufacturing, value added (constant 2015 US$), per unit of GDP 0.1077 constant 2015 US$ per US$ of GDP (2025)
- Manufacturing, value added (constant 2015 US$), per capita 250.32 constant 2015 US$ per person (2025)
- Manufacturing, value added (constant LCU), per capita 1.84 million constant LCU per person (2025)
- Industry (including construction), value added (current US$), annual 11.38 % change on previous year (2025)
Frequently asked questions
- What is gross savings in Lao People's Democratic Republic?
- Gross savings in Lao People's Democratic Republic was 17.6% in 2016, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest gross savings recorded in Lao People's Democratic Republic?
- The highest recorded value was 22.6% in 2006.
- What is the lowest gross savings recorded in Lao People's Democratic Republic?
- The lowest recorded value was -0.6% in 1988.
- How does Lao People's Democratic Republic rank for gross savings?
- Lao People's Democratic Republic ranks 116th out of 178 countries with data for 2016.
- Is gross savings rising or falling in Lao People's Democratic Republic?
- Over the last ten years it is down 21.8%. 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 Country official statistics, National Statistical Offices (NSOs), published as part of Gross savings (% of GDP). Statizoid updates them automatically from the source API.
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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 as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.