Imports of goods and services in Lao People's Democratic Republic
Lao People's Democratic Republic: Imports of goods and services was 9.93 billion BoP, current US$ in 2024. ◆ Volatile
Imports of goods and services in Lao People's Democratic Republic, 1984–2024
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in BoP, current US$.
Analysis
In 2024, imports of goods and services in Lao People's Democratic Republic stood at 9.93 billion BoP, current US$. That is the highest value across all 41 years on record.
Compared with earlier readings it is up 15.5% on the previous year and up 62.1% over ten years.
Over the whole period, imports of goods and services in Lao People's Democratic Republic peaked at 9.93 billion BoP, current US$ in 2024 and was at its lowest, 176.10 million BoP, current US$, in 1988.
That places Lao People's Democratic Republic 122nd out of 200 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Imports of goods and services in Lao People's Democratic Republic, year by year
| Year | BoP, current US$ | Change |
|---|---|---|
| 1984 | 219.40 million BoP, current US$ | — |
| 1985 | 236.10 million BoP, current US$ | +7.6% |
| 1986 | 219.50 million BoP, current US$ | -7.0% |
| 1987 | 254.30 million BoP, current US$ | +15.9% |
| 1988 | 176.10 million BoP, current US$ | -30.8% |
| 1989 | 219.60 million BoP, current US$ | +24.7% |
| 1990 | 211.90 million BoP, current US$ | -3.5% |
| 1991 | 245.50 million BoP, current US$ | +15.9% |
| 1992 | 261.70 million BoP, current US$ | +6.6% |
| 1993 | 415.20 million BoP, current US$ | +58.7% |
| 1994 | 592.30 million BoP, current US$ | +42.7% |
| 1995 | 668.80 million BoP, current US$ | +12.9% |
| 1996 | 687.70 million BoP, current US$ | +2.8% |
| 1997 | 708.60 million BoP, current US$ | +3.0% |
| 1998 | 596.50 million BoP, current US$ | -15.8% |
| 1999 | 496.00 million BoP, current US$ | -16.8% |
| 2000 | 578.33 million BoP, current US$ | +16.6% |
| 2001 | 540.37 million BoP, current US$ | -6.6% |
| 2002 | 475.68 million BoP, current US$ | -12.0% |
| 2003 | 490.49 million BoP, current US$ | +3.1% |
| 2004 | 744.11 million BoP, current US$ | +51.7% |
| 2005 | 920.94 million BoP, current US$ | +23.8% |
| 2006 | 1.10 billion BoP, current US$ | +19.2% |
| 2007 | 1.11 billion BoP, current US$ | +1.0% |
| 2008 | 1.51 billion BoP, current US$ | +36.3% |
| 2009 | 1.60 billion BoP, current US$ | +5.7% |
| 2010 | 2.32 billion BoP, current US$ | +45.5% |
| 2011 | 2.75 billion BoP, current US$ | +18.5% |
| 2012 | 3.79 billion BoP, current US$ | +37.5% |
| 2013 | 4.11 billion BoP, current US$ | +8.5% |
| 2014 | 6.13 billion BoP, current US$ | +49.1% |
| 2015 | 6.75 billion BoP, current US$ | +10.2% |
| 2016 | 6.39 billion BoP, current US$ | -5.3% |
| 2017 | 6.78 billion BoP, current US$ | +6.1% |
| 2018 | 7.56 billion BoP, current US$ | +11.5% |
| 2019 | 7.52 billion BoP, current US$ | -0.6% |
| 2020 | 5.82 billion BoP, current US$ | -22.6% |
| 2021 | 6.53 billion BoP, current US$ | +12.2% |
| 2022 | 7.98 billion BoP, current US$ | +22.3% |
| 2023 | 8.60 billion BoP, current US$ | +7.7% |
| 2024 | 9.93 billion BoP, current US$ | +15.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 220.83 million BoP, current US$ | 176.10 million BoP, current US$ | 254.30 million BoP, current US$ | 6 |
| 1990s | 488.42 million BoP, current US$ | 211.90 million BoP, current US$ | 708.60 million BoP, current US$ | 10 |
| 2000s | 906.38 million BoP, current US$ | 475.68 million BoP, current US$ | 1.60 billion BoP, current US$ | 10 |
| 2010s | 5.41 billion BoP, current US$ | 2.32 billion BoP, current US$ | 7.56 billion BoP, current US$ | 10 |
| 2020s | 7.77 billion BoP, current US$ | 5.82 billion BoP, current US$ | 9.93 billion BoP, current US$ | 5 |
Countries ranked near Lao People's Democratic Republic
- 119 Mozambique 10.49 billion BoP, current US$ compare
- 120 Guinea 10.23 billion BoP, current US$ compare
- 121 Cameroon 10.18 billion BoP, current US$ compare
- 123 Trinidad and Tobago 9.63 billion BoP, current US$ compare
- 124 Kosovo 9.60 billion BoP, current US$ compare
- 124 Kosovo (UNSCR 1244) 9.60 billion BoP, current US$ 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)
- Imports of goods and services (constant 2015 US$), annual growth rate 4.55 % change on previous year (2016)
- Imports of goods and services (constant 2015 US$), per unit of GDP 0.4914 constant 2015 US$ per US$ of GDP (2016)
- Imports of goods and services (constant 2015 US$), per capita 1,132 constant 2015 US$ per person (2016)
- External balance on goods and services (current US$), annual growth 46.54 % change on previous year (2016)
- External balance on goods and services (current LCU), annual growth 46.56 % change on previous year (2016)
- Agriculture, forestry, and fishing, value added (current LCU), annual 11.4 % change on previous year (2025)
- Agriculture, forestry, and fishing, value added (current LCU), per 3,397 current LCU per US$ of GDP (2025)
- Agriculture, forestry, and fishing, value added (current LCU), per 7.90 million current LCU per person (2025)
Frequently asked questions
- What is imports of goods and services in Lao People's Democratic Republic?
- Imports of goods and services in Lao People's Democratic Republic was 9.93 billion BoP, current US$ in 2024, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest imports of goods and services recorded in Lao People's Democratic Republic?
- The highest recorded value was 9.93 billion BoP, current US$ in 2024.
- What is the lowest imports of goods and services recorded in Lao People's Democratic Republic?
- The lowest recorded value was 176.10 million BoP, current US$ in 1988.
- How does Lao People's Democratic Republic rank for imports of goods and services?
- Lao People's Democratic Republic ranks 122nd out of 200 countries with data for 2024.
- Is imports of goods and services rising or falling in Lao People's Democratic Republic?
- Over the last ten years it is up 62.1%. 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 Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Imports of goods and services (BoP, current US$). Statizoid updates them automatically from the source API.
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About this data
Imports of goods includes change in the economic ownership of goods from non-residents to residents of the compiling economy, irrespective of physical movement of goods across national borders. Imports of services includes services provided by non-residents to residents. 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.