Net trade in goods and services in Laos
Laos: Net trade in goods and services was 1.19 billion BoP, current US$ in 2024. ◆ Volatile
Latest (2024)
1.19 billion BoP, current US$
Change on year
up 7.9%
World rank
63rd
of 200 countries
All-time high
1.29 billion BoP, current US$
in 2021
All-time low
-2.26 billion BoP, current US$
in 2015
Years of data
41
1984–2024
Net trade in goods and services in Laos, 1984–2024
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in BoP, current US$.
Analysis
The most recent figure for net trade in goods and services in Laos is 1.19 billion BoP, current US$, measured in 2024.
That represents a change of up 7.9% on the previous year and up 157.0% over ten years.
Over the whole period, net trade in goods and services in Laos peaked at 1.29 billion BoP, current US$ in 2021 and was at its lowest, -2.26 billion BoP, current US$, in 2015.
Laos ranks 63rd of 200 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Net trade in goods and services in Laos, year by year
| Year | BoP, current US$ | Change |
|---|---|---|
| 1984 | -160.50 million BoP, current US$ | — |
| 1985 | -161.20 million BoP, current US$ | +0.4% |
| 1986 | -140.10 million BoP, current US$ | -13.1% |
| 1987 | -163.70 million BoP, current US$ | +16.8% |
| 1988 | -100.50 million BoP, current US$ | -38.6% |
| 1989 | -133.80 million BoP, current US$ | +33.1% |
| 1990 | -109.50 million BoP, current US$ | -18.2% |
| 1991 | -111.10 million BoP, current US$ | +1.5% |
| 1992 | -110.10 million BoP, current US$ | -0.9% |
| 1993 | -140.20 million BoP, current US$ | +27.3% |
| 1994 | -278.80 million BoP, current US$ | +98.9% |
| 1995 | -340.70 million BoP, current US$ | +22.2% |
| 1996 | -342.50 million BoP, current US$ | +0.5% |
| 1997 | -287.70 million BoP, current US$ | -16.0% |
| 1998 | -115.20 million BoP, current US$ | -60.0% |
| 1999 | -111.30 million BoP, current US$ | -3.4% |
| 2000 | -72.37 million BoP, current US$ | -35.0% |
| 2001 | -54.78 million BoP, current US$ | -24.3% |
| 2002 | 1.11 million BoP, current US$ | -102.0% |
| 2003 | -27.62 million BoP, current US$ | -2578.1% |
| 2004 | -201.99 million BoP, current US$ | +631.4% |
| 2005 | -163.62 million BoP, current US$ | -19.0% |
| 2006 | 7.83 million BoP, current US$ | -104.8% |
| 2007 | 92.36 million BoP, current US$ | +1079.5% |
| 2008 | -17.54 million BoP, current US$ | -119.0% |
| 2009 | -146.77 million BoP, current US$ | +736.6% |
| 2010 | -66.15 million BoP, current US$ | -54.9% |
| 2011 | -349.95 million BoP, current US$ | +429.0% |
| 2012 | -950.48 million BoP, current US$ | +171.6% |
| 2013 | -1.06 billion BoP, current US$ | +11.8% |
| 2014 | -2.09 billion BoP, current US$ | +96.2% |
| 2015 | -2.26 billion BoP, current US$ | +8.2% |
| 2016 | -1.32 billion BoP, current US$ | -41.7% |
| 2017 | -1.13 billion BoP, current US$ | -14.1% |
| 2018 | -1.17 billion BoP, current US$ | +3.6% |
| 2019 | -532.99 million BoP, current US$ | -54.5% |
| 2020 | 645.62 million BoP, current US$ | -221.1% |
| 2021 | 1.29 billion BoP, current US$ | +100.2% |
| 2022 | 621.83 million BoP, current US$ | -51.9% |
| 2023 | 1.10 billion BoP, current US$ | +77.1% |
| 2024 | 1.19 billion BoP, current US$ | +7.9% |
Laos compared with similar countries
- Laos's 1.19 billion BoP, current US$ is above the median for lower middle income countries, which is -1.21 billion BoP, current US$. (47 countries reporting)
- Laos's 1.19 billion BoP, current US$ is above the median for East Asia & Pacific, which is -105.08 million BoP, current US$. (33 countries reporting)
Biggest year-on-year movements
Years where Net trade in goods and services in Laos changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2003 | -2578.1% | 1.11 million BoP, current US$ | -27.62 million BoP, current US$ |
| 2007 | +1079.5% | 7.83 million BoP, current US$ | 92.36 million BoP, current US$ |
| 2009 | -736.6% | -17.54 million BoP, current US$ | -146.77 million BoP, current US$ |
| 2004 | -631.4% | -27.62 million BoP, current US$ | -201.99 million BoP, current US$ |
| 2011 | -429.0% | -66.15 million BoP, current US$ | -349.95 million BoP, current US$ |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | -143.30 million BoP, current US$ | -163.70 million BoP, current US$ | -100.50 million BoP, current US$ | 6 |
| 1990s | -194.71 million BoP, current US$ | -342.50 million BoP, current US$ | -109.50 million BoP, current US$ | 10 |
| 2000s | -58.34 million BoP, current US$ | -201.99 million BoP, current US$ | 92.36 million BoP, current US$ | 10 |
| 2010s | -1.09 billion BoP, current US$ | -2.26 billion BoP, current US$ | -66.15 million BoP, current US$ | 10 |
| 2020s | 969.91 million BoP, current US$ | 621.83 million BoP, current US$ | 1.29 billion BoP, current US$ | 5 |
Countries ranked near Laos
- 60 Trinidad and Tobago 1.88 billion BoP, current US$ compare
- 61 Guinea 1.49 billion BoP, current US$ compare
- 62 Cayman Islands 1.26 billion BoP, current US$ compare
- 64 Zambia 688.73 million BoP, current US$ compare
- 65 Andorra 645.19 million BoP, current US$ compare
- 66 San Marino 628.49 million BoP, current US$ compare
More economy & growth data for Laos
- 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$), annual growth rate 25.05 % change on previous year (2024)
Frequently asked questions
- What is net trade in goods and services in Laos?
- Net trade in goods and services in Laos was 1.19 billion BoP, current US$ in 2024, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest net trade in goods and services recorded in Laos?
- The highest recorded value was 1.29 billion BoP, current US$ in 2021.
- What is the lowest net trade in goods and services recorded in Laos?
- The lowest recorded value was -2.26 billion BoP, current US$ in 2015.
- How does Laos rank for net trade in goods and services?
- Laos ranks 63rd out of 200 countries with data for 2024.
- Is net trade in goods and services rising or falling in Laos?
- Over the last ten years it is up 157.0%. The long-run trend across the full record is volatile.
- Where does this Laos data come from?
- The figures come from Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Net trade in goods and services (BoP, current US$). Statizoid updates them automatically from the source API.
Download this data
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About this data
The balance of international trade in goods and services is the difference between the exports and imports of goods and services. 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.