Merchandise trade as a proportion of GDP in Lao People's Democratic Republic
Lao People's Democratic Republic: Merchandise trade as a proportion of GDP was 109.4% in 2024. ▲ Rising
Merchandise trade as a proportion of GDP in Lao People's Democratic Republic, 2000–2024
Source: United Nations Statistics Division, SDG Global Database. Measured in %.
Analysis
Lao People's Democratic Republic recorded 109.4% for merchandise trade as a proportion of gdp in 2024. That is the highest value across all 25 years on record.
That represents a change of up 8.2% on the previous year and up 109.5% over ten years.
Over the whole period, merchandise trade as a proportion of gdp in Lao People's Democratic Republic peaked at 109.4% in 2024 and was at its lowest, 39.4%, in 2003.
Lao People's Democratic Republic ranks 25th of 218 countries on this measure, in the top quarter.
The long-run direction has been consistently rising across the 25 years of available data.
Merchandise trade as a proportion of GDP in Lao People's Democratic Republic, year by year
| Year | % | Change |
|---|---|---|
| 2000 | 50.0% | — |
| 2001 | 46.9% | -6.1% |
| 2002 | 42.5% | -9.3% |
| 2003 | 39.4% | -7.4% |
| 2004 | 45.5% | +15.4% |
| 2005 | 52.5% | +15.4% |
| 2006 | 56.2% | +7.1% |
| 2007 | 47.1% | -16.2% |
| 2008 | 45.8% | -2.8% |
| 2009 | 43.1% | -6.0% |
| 2010 | 53.4% | +23.9% |
| 2011 | 52.5% | -1.6% |
| 2012 | 52.3% | -0.5% |
| 2013 | 44.6% | -14.6% |
| 2014 | 52.2% | +17.1% |
| 2015 | 64.7% | +23.8% |
| 2016 | 60.4% | -6.5% |
| 2017 | 61.7% | +2.2% |
| 2018 | 64.6% | +4.7% |
| 2019 | 64.4% | -0.3% |
| 2020 | 60.5% | -6.1% |
| 2021 | 74.2% | +22.6% |
| 2022 | 99.8% | +34.5% |
| 2023 | 101.1% | +1.3% |
| 2024 | 109.4% | +8.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 46.9% | 39.4% | 56.2% | 10 |
| 2010s | 57.1% | 44.6% | 64.7% | 10 |
| 2020s | 89.0% | 60.5% | 109.4% | 5 |
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)
- Gross capital formation (current US$), annual growth rate 1.39 % change on previous year (2016)
- Gross capital formation (current US$), per unit of GDP 0.2901 current US$ per US$ of GDP (2016)
- Gross capital formation (current US$), per capita 668.11 current US$ per person (2016)
- Gross capital formation (current LCU), annual growth rate 1.35 % change on previous year (2016)
- Gross capital formation (current LCU), per unit of GDP 2,357 current LCU per US$ of GDP (2016)
- Gross capital formation (current LCU), per capita 5.43 million current LCU per person (2016)
- Gross capital formation (constant 2015 US$), annual growth rate 7 % change on previous year (2016)
- Gross capital formation (constant 2015 US$), per unit of GDP 0.3061 constant 2015 US$ per US$ of GDP (2016)
Frequently asked questions
- What is merchandise trade as a proportion of gdp in Lao People's Democratic Republic?
- Merchandise trade as a proportion of gdp in Lao People's Democratic Republic was 109.4% in 2024, according to United Nations Statistics Division, SDG Global Database.
- What is the highest merchandise trade as a proportion of gdp recorded in Lao People's Democratic Republic?
- The highest recorded value was 109.4% in 2024.
- What is the lowest merchandise trade as a proportion of gdp recorded in Lao People's Democratic Republic?
- The lowest recorded value was 39.4% in 2003.
- How does Lao People's Democratic Republic rank for merchandise trade as a proportion of gdp?
- Lao People's Democratic Republic ranks 25th out of 218 countries with data for 2024.
- Is merchandise trade as a proportion of gdp rising or falling in Lao People's Democratic Republic?
- Over the last ten years it is up 109.5%. 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 United Nations Statistics Division, SDG Global Database, published as part of Merchandise trade as a proportion of GDP (%). Statizoid updates them automatically from the source API.
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