Households and NPISHs Final consumption expenditure per capita, PPP in Lao People's Democratic Republic
Lao People's Democratic Republic: Households and NPISHs Final consumption expenditure per capita, PPP was 3,829 current international $ in 2016. ▲ Rising
Households and NPISHs Final consumption expenditure per capita, PPP in Lao People's Democratic Republic, 2000–2016
Source: International Comparison Program (ICP), World Bank (WB), note: This information is for PPP conversion factors., publisher: International Comparison Program (ICP), date published: May 30, 2024. Measured in current international $.
Analysis
Lao People's Democratic Republic recorded 3,829 current international $ for households and npishs final consumption expenditure per capita, ppp in 2016. That is the highest value across all 17 years on record.
That represents a change of up 1.9% on the previous year and up 159.4% over ten years.
Over the whole period, households and npishs final consumption expenditure per capita, ppp in Lao People's Democratic Republic peaked at 3,829 current international $ in 2016 and was at its lowest, 1,085 current international $, in 2002.
That places Lao People's Democratic Republic 144th out of 182 countries with data for 2016, putting it in the bottom quarter.
The long-run direction has been consistently rising across the 17 years of available data.
Households and NPISHs Final consumption expenditure per capita, PPP in Lao People's Democratic Republic, year by year
| Year | current international $ | Change |
|---|---|---|
| 2000 | 1,205 current international $ | — |
| 2001 | 1,338 current international $ | +11.1% |
| 2002 | 1,085 current international $ | -18.9% |
| 2003 | 1,239 current international $ | +14.2% |
| 2004 | 1,313 current international $ | +5.9% |
| 2005 | 1,355 current international $ | +3.2% |
| 2006 | 1,476 current international $ | +9.0% |
| 2007 | 1,742 current international $ | +18.0% |
| 2008 | 2,060 current international $ | +18.3% |
| 2009 | 1,924 current international $ | -6.6% |
| 2010 | 2,314 current international $ | +20.3% |
| 2011 | 2,303 current international $ | -0.5% |
| 2012 | 3,180 current international $ | +38.1% |
| 2013 | 3,300 current international $ | +3.8% |
| 2014 | 3,556 current international $ | +7.8% |
| 2015 | 3,756 current international $ | +5.6% |
| 2016 | 3,829 current international $ | +1.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 1,474 current international $ | 1,085 current international $ | 2,060 current international $ | 10 |
| 2010s | 3,177 current international $ | 2,303 current international $ | 3,829 current international $ | 7 |
Countries ranked near Lao People's Democratic Republic
- 141 Cameroon 4,163 current international $ compare
- 142 Guyana 4,142 current international $ compare
- 143 Mauritania 3,870 current international $ compare
- 145 Comoros 3,586 current international $ compare
- 146 Zimbabwe 3,384 current international $ compare
- 147 Ethiopia 3,339 current international $ compare
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)
- Exports of goods and services (current LCU), annual growth rate 7.85 % change on previous year (2016)
- Exports of goods and services (current LCU), per unit of GDP 2,698 current LCU per US$ of GDP (2016)
- Exports of goods and services (current LCU), per capita 6.21 million current LCU per person (2016)
- Exports of goods and services (constant 2015 US$), annual growth rate 10.46 % change on previous year (2016)
- Exports of goods and services (constant 2015 US$), per unit of GDP 0.34 constant 2015 US$ per US$ of GDP (2016)
- Exports of goods and services (constant 2015 US$), per capita 783.11 constant 2015 US$ per person (2016)
- Gross fixed capital formation (current US$), annual growth rate 1.39 % change on previous year (2016)
- Gross fixed capital formation (current US$), per unit of GDP 0.2901 current US$ per US$ of GDP (2016)
Frequently asked questions
- What is households and npishs final consumption expenditure per capita, ppp in Lao People's Democratic Republic?
- Households and npishs final consumption expenditure per capita, ppp in Lao People's Democratic Republic was 3,829 current international $ in 2016, according to International Comparison Program (ICP), World Bank (WB), note: This information is for PPP conversion factors., publisher: International Comparison Program (ICP), date published: May 30, 2024.
- What is the highest households and npishs final consumption expenditure per capita, ppp recorded in Lao People's Democratic Republic?
- The highest recorded value was 3,829 current international $ in 2016.
- What is the lowest households and npishs final consumption expenditure per capita, ppp recorded in Lao People's Democratic Republic?
- The lowest recorded value was 1,085 current international $ in 2002.
- How does Lao People's Democratic Republic rank for households and npishs final consumption expenditure per capita, ppp?
- Lao People's Democratic Republic ranks 144th out of 182 countries with data for 2016.
- Is households and npishs final consumption expenditure per capita, ppp rising or falling in Lao People's Democratic Republic?
- Over the last ten years it is up 159.4%. The long-run trend across the full record is rising.
- Where does this Lao People's Democratic Republic data come from?
- The figures come from International Comparison Program (ICP), World Bank (WB), note: This information is for PPP conversion factors., publisher: International Comparison Program (ICP), date published: May 30, 2024, published as part of Households and NPISHs Final consumption expenditure per capita, PPP (current international $). Statizoid updates them automatically from the source API.
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About this data
This indicator provides values for final consumption expenditure per person expressed in current international dollars, converted by purchasing power parities (PPPs). PPPs account for the different price levels across countries and thus PPP-based comparisons of economic output are more appropriate for comparing the output of economies and the average material well-being of their inhabitants than exchange-rate based comparisons. Households and NPISHs final consumption expenditure includes expenditure on goods and services by the Household and NPISH sector for the direct satisfaction of human needs or wants, whether individual or collective. This series has been linked to produce a consistent time series to counteract breaks in series over time due to changes in base years, source data and methodologies. Thus, it may not be comparable with other national accounts series in the database for historical years. The core indicator has been divided by the general population to achieve a per capita estimate. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. The PPP conversion factor is a currency conversion factor and a spatial price deflator. PPPs convert different currencies to a common currency and, in the process of conversion, equalize their purchasing power by eliminating the differences in price levels between countries, thereby allowing volume or output comparisons of GDP and its expenditure components.