Households and NPISHs final consumption expenditure in Lao People's Democratic Republic
Lao People's Democratic Republic: Households and NPISHs final consumption expenditure was 65.7% in 2016. ▼ Falling
Households and NPISHs final consumption expenditure in Lao People's Democratic Republic, 1984–2016
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in % of GDP.
Analysis
In 2016, households and npishs final consumption expenditure in Lao People's Democratic Republic stood at 65.7%. That is the lowest value across all 22 years on record.
Compared with earlier readings it is down 7.8% on the previous year and down 3.4% over ten years.
Over the whole period, households and npishs final consumption expenditure in Lao People's Democratic Republic peaked at 93.9% in 1988 and was at its lowest, 65.7%, in 2016.
That places Lao People's Democratic Republic 86th out of 190 countries with data for 2016, putting it in the middle of the range.
The long-run direction has been consistently falling across the 22 years of available data.
Households and NPISHs final consumption expenditure in Lao People's Democratic Republic, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1984 | 90.9% | — |
| 1985 | 90.0% | -1.0% |
| 1986 | 88.5% | -1.6% |
| 1987 | 89.4% | +1.1% |
| 1988 | 93.9% | +5.0% |
| 2000 | 87.6% | -6.7% |
| 2001 | 90.1% | +2.8% |
| 2002 | 71.8% | -20.3% |
| 2003 | 78.1% | +8.8% |
| 2004 | 76.8% | -1.8% |
| 2005 | 71.6% | -6.7% |
| 2006 | 68.0% | -5.1% |
| 2007 | 71.8% | +5.5% |
| 2008 | 76.1% | +6.0% |
| 2009 | 69.4% | -8.7% |
| 2010 | 74.6% | +7.4% |
| 2011 | 65.8% | -11.8% |
| 2012 | 76.5% | +16.3% |
| 2013 | 74.1% | -3.1% |
| 2014 | 72.6% | -2.1% |
| 2015 | 71.2% | -1.8% |
| 2016 | 65.7% | -7.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 90.5% | 88.5% | 93.9% | 5 |
| 2000s | 76.1% | 68.0% | 90.1% | 10 |
| 2010s | 71.5% | 65.7% | 76.5% | 7 |
Countries ranked near Lao People's Democratic Republic
- 83 Hong Kong, China 66.2% compare
- 84 Paraguay 66.0% compare
- 85 South Africa 65.8% compare
- 87 New Caledonia 65.7% compare
- 88 North Macedonia 65.6% compare
- 89 Uganda 65.2% 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)
- 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 households and npishs final consumption expenditure in Lao People's Democratic Republic?
- Households and npishs final consumption expenditure in Lao People's Democratic Republic was 65.7% in 2016, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest households and npishs final consumption expenditure recorded in Lao People's Democratic Republic?
- The highest recorded value was 93.9% in 1988.
- What is the lowest households and npishs final consumption expenditure recorded in Lao People's Democratic Republic?
- The lowest recorded value was 65.7% in 2016.
- How does Lao People's Democratic Republic rank for households and npishs final consumption expenditure?
- Lao People's Democratic Republic ranks 86th out of 190 countries with data for 2016.
- Is households and npishs final consumption expenditure rising or falling in Lao People's Democratic Republic?
- Over the last ten years it is down 3.4%. The long-run trend across the full record is falling.
- Where does this Lao People's Democratic Republic data come from?
- The figures come from Country official statistics, National Statistical Organizations and/or Central Banks, published as part of Households and NPISHs final consumption expenditure (% of GDP). 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
This field 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 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.