Imports of goods and services in Lao People's Democratic Republic
Lao People's Democratic Republic: Imports of goods and services was 41.9% in 2016. ▲ Rising
Imports of goods and services in Lao People's Democratic Republic, 1984–2016
Source: Country official statistics, National Statistical Offices (NSOs). Measured in % of GDP.
Analysis
The most recent figure for imports of goods and services in Lao People's Democratic Republic is 41.9%, measured in 2016.
That represents a change of down 19.2% on the previous year and down 4.4% over ten years.
Over the whole period, imports of goods and services in Lao People's Democratic Republic peaked at 60.3% in 2012 and was at its lowest, 6.3%, in 1984.
That places Lao People's Democratic Republic 104th out of 193 countries with data for 2016, putting it in the middle of the range.
The long-run direction has been consistently rising across the 33 years of available data.
Imports of goods and services in Lao People's Democratic Republic, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1984 | 6.3% | — |
| 1985 | 9.8% | +54.0% |
| 1986 | 7.7% | -21.1% |
| 1987 | 14.0% | +82.1% |
| 1988 | 31.9% | +127.5% |
| 1989 | 32.0% | +0.3% |
| 1990 | 24.5% | -23.4% |
| 1991 | 25.2% | +2.9% |
| 1992 | 27.1% | +7.4% |
| 1993 | 31.2% | +15.0% |
| 1994 | 39.8% | +27.8% |
| 1995 | 37.3% | -6.2% |
| 1996 | 41.1% | +10.0% |
| 1997 | 41.3% | +0.5% |
| 1998 | 47.8% | +15.9% |
| 1999 | 44.2% | -7.6% |
| 2000 | 38.2% | -13.6% |
| 2001 | 38.0% | -0.4% |
| 2002 | 38.5% | +1.3% |
| 2003 | 37.1% | -3.7% |
| 2004 | 41.2% | +11.0% |
| 2005 | 42.8% | +4.0% |
| 2006 | 43.8% | +2.3% |
| 2007 | 45.6% | +4.1% |
| 2008 | 48.7% | +6.8% |
| 2009 | 46.8% | -3.8% |
| 2010 | 49.3% | +5.3% |
| 2011 | 51.4% | +4.1% |
| 2012 | 60.3% | +17.4% |
| 2013 | 60.0% | -0.5% |
| 2014 | 58.3% | -2.8% |
| 2015 | 51.8% | -11.1% |
| 2016 | 41.9% | -19.2% |
Lao People's Democratic Republic compared with similar countries
- Lao People's Democratic Republic's 41.9% is above the median for lower middle income countries, which is 41.9%, 1.0× the median. (45 countries reporting)
- Lao People's Democratic Republic's 41.9% is below the median for East Asia & Pacific, which is 63.3%, 66% of the median. (34 countries reporting)
Biggest year-on-year movements
Years where Imports of goods and services in Lao People's Democratic Republic 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 |
|---|---|---|---|
| 1988 | +127.5% | 14.0% | 31.9% |
| 1987 | +82.1% | 7.7% | 14.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 17.0% | 6.3% | 32.0% | 6 |
| 1990s | 35.9% | 24.5% | 47.8% | 10 |
| 2000s | 42.1% | 37.1% | 48.7% | 10 |
| 2010s | 53.3% | 41.9% | 60.3% | 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)
- 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 imports of goods and services in Lao People's Democratic Republic?
- Imports of goods and services in Lao People's Democratic Republic was 41.9% in 2016, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest imports of goods and services recorded in Lao People's Democratic Republic?
- The highest recorded value was 60.3% in 2012.
- What is the lowest imports of goods and services recorded in Lao People's Democratic Republic?
- The lowest recorded value was 6.3% in 1984.
- How does Lao People's Democratic Republic rank for imports of goods and services?
- Lao People's Democratic Republic ranks 104th out of 193 countries with data for 2016.
- Is imports of goods and services rising or falling in Lao People's Democratic Republic?
- Over the last ten years it is down 4.4%. 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 Country official statistics, National Statistical Offices (NSOs), published as part of Imports of goods and services (% of GDP). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 33 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
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 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.