Personal remittances, received in Lao People's Democratic Republic
Lao People's Democratic Republic: Personal remittances, received was 1.5% in 2024. ◆ Volatile
Personal remittances, received in Lao People's Democratic Republic, 1984–2024
Source: Staff estimates, World Bank (WB). Measured in % of GDP.
Analysis
The most recent figure for personal remittances, received in Lao People's Democratic Republic is 1.5%, measured in 2024.
That represents a change of down 17.6% on the previous year and up 5.5% over ten years.
Over the whole period, personal remittances, received in Lao People's Democratic Republic peaked at 2.0% in 2012 and was at its lowest, 0.0%, in 1995.
That places Lao People's Democratic Republic 114th out of 196 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.
Personal remittances, received in Lao People's Democratic Republic, year by year
| Year | % of GDP | Change |
|---|---|---|
| 1984 | 0.2% | — |
| 1985 | 0.1% | -7.2% |
| 1986 | 0.2% | +40.8% |
| 1987 | 0.3% | +54.6% |
| 1988 | 1.1% | +247.5% |
| 1989 | 1.2% | +3.9% |
| 1990 | 1.3% | +8.3% |
| 1991 | 1.0% | -19.7% |
| 1992 | 1.0% | -5.3% |
| 1993 | 0.9% | -4.8% |
| 1994 | 0.6% | -28.9% |
| 1995 | 0.0% | -96.5% |
| 1996 | 0.0% | +17.7% |
| 1997 | 0.0% | +7.2% |
| 1998 | 0.0% | +63.8% |
| 1999 | 0.0% | -12.0% |
| 2000 | 0.0% | -7.6% |
| 2001 | 0.0% | +3.0% |
| 2002 | 0.0% | +5.6% |
| 2003 | 0.0% | -8.8% |
| 2004 | 0.0% | -10.2% |
| 2005 | 0.0% | -10.7% |
| 2006 | 0.1% | +304.2% |
| 2007 | 0.1% | +19.8% |
| 2008 | 0.3% | +122.2% |
| 2009 | 0.6% | +97.3% |
| 2010 | 0.6% | -9.0% |
| 2011 | 1.3% | +115.2% |
| 2012 | 2.0% | +58.0% |
| 2013 | 1.4% | -28.6% |
| 2014 | 1.4% | -0.4% |
| 2015 | 1.3% | -7.4% |
| 2016 | 1.2% | -9.3% |
| 2017 | 1.4% | +19.5% |
| 2018 | 1.3% | -7.0% |
| 2019 | 1.6% | +19.7% |
| 2020 | 1.2% | -22.7% |
| 2021 | 1.2% | -4.7% |
| 2022 | 1.5% | +32.9% |
| 2023 | 1.8% | +17.0% |
| 2024 | 1.5% | -17.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 0.5% | 0.1% | 1.2% | 6 |
| 1990s | 0.5% | 0.0% | 1.3% | 10 |
| 2000s | 0.1% | 0.0% | 0.6% | 10 |
| 2010s | 1.4% | 0.6% | 2.0% | 10 |
| 2020s | 1.4% | 1.2% | 1.8% | 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)
- 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 personal remittances, received in Lao People's Democratic Republic?
- Personal remittances, received in Lao People's Democratic Republic was 1.5% in 2024, according to Staff estimates, World Bank (WB).
- What is the highest personal remittances, received recorded in Lao People's Democratic Republic?
- The highest recorded value was 2.0% in 2012.
- What is the lowest personal remittances, received recorded in Lao People's Democratic Republic?
- The lowest recorded value was 0.0% in 1995.
- How does Lao People's Democratic Republic rank for personal remittances, received?
- Lao People's Democratic Republic ranks 114th out of 196 countries with data for 2024.
- Is personal remittances, received rising or falling in Lao People's Democratic Republic?
- Over the last ten years it is up 5.5%. 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 Staff estimates, World Bank (WB), published as part of Personal remittances, received (% of GDP). Statizoid updates them automatically from the source API.
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About this data
Personal remittances comprise personal transfers and compensation of employees. Personal transfers consist of all current transfers in cash or in kind made or received by resident households to or from nonresident households. Personal transfers thus include all current transfers between resident and nonresident individuals. Compensation of employees refers to the income of border, seasonal, and other short-term workers who are employed in an economy where they are not resident and of residents employed by nonresident entities. Data are the sum of two items defined in the sixth edition of the IMF's Balance of Payments Manual: personal transfers and compensation of employees.