Revenue from corporate income taxes as a share of GDP in Lao People's Democratic Republic
Lao People's Democratic Republic: Revenue from corporate income taxes as a share of GDP was 1.5% in 2017. ▲ Rising
Revenue from corporate income taxes as a share of GDP in Lao People's Democratic Republic, 1994–2017
Source: International Centre for Tax and Development and UNU-WIDER (2019) – processed by Our World in Data. Measured in %.
Analysis
In 2017, revenue from corporate income taxes as a share of gdp in Lao People's Democratic Republic stood at 1.5%.
The figure is up 8.0% on the previous year and down 27.3% over ten years.
Over the whole period, revenue from corporate income taxes as a share of gdp in Lao People's Democratic Republic peaked at 2.7% in 2012 and was at its lowest, 0.5%, in 1994.
Lao People's Democratic Republic ranks 137th of 163 countries on this measure, in the bottom quarter.
The long-run direction has been consistently rising across the 24 years of available data.
Revenue from corporate income taxes as a share of GDP in Lao People's Democratic Republic, year by year
| Year | % | Change |
|---|---|---|
| 1994 | 0.5% | — |
| 1995 | 0.6% | +17.5% |
| 1996 | 0.6% | -1.6% |
| 1997 | 0.5% | -11.3% |
| 1998 | 0.8% | +41.0% |
| 1999 | 0.8% | +7.5% |
| 2000 | 1.3% | +64.1% |
| 2001 | 1.2% | -7.1% |
| 2002 | 1.2% | -1.3% |
| 2003 | 0.9% | -23.0% |
| 2004 | 0.8% | -15.3% |
| 2005 | 0.9% | +19.5% |
| 2006 | 1.2% | +22.3% |
| 2007 | 2.0% | +74.1% |
| 2008 | 2.5% | +26.4% |
| 2009 | 2.4% | -6.5% |
| 2010 | 1.8% | -23.7% |
| 2011 | 2.2% | +21.9% |
| 2012 | 2.7% | +21.6% |
| 2013 | 2.3% | -14.3% |
| 2014 | 1.9% | -16.3% |
| 2015 | 1.6% | -18.4% |
| 2016 | 1.4% | -14.0% |
| 2017 | 1.5% | +8.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 0.6% | 0.5% | 0.8% | 6 |
| 2000s | 1.5% | 0.8% | 2.5% | 10 |
| 2010s | 1.9% | 1.4% | 2.7% | 8 |
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)
- Total reserves minus gold (current US$), annual growth rate 25.05 % change on previous year (2024)
- Total reserves minus gold (current US$), per unit of GDP 0.1341 current US$ per US$ of GDP (2024)
- Total reserves minus gold (current US$), per capita 284.82 current US$ per person (2024)
- General government final consumption expenditure (current US$) 2.01 % change on previous year (2016)
- General government final consumption expenditure (current US$), per 0.1397 current US$ per US$ of GDP (2016)
- General government final consumption expenditure (current US$), per 321.78 current US$ per person (2016)
- General government final consumption expenditure (current LCU) 1.97 % change on previous year (2016)
- General government final consumption expenditure (current LCU), per 1,135 current LCU per US$ of GDP (2016)
Frequently asked questions
- What is revenue from corporate income taxes as a share of gdp in Lao People's Democratic Republic?
- Revenue from corporate income taxes as a share of gdp in Lao People's Democratic Republic was 1.5% in 2017, according to International Centre for Tax and Development and UNU-WIDER (2019) – processed by Our World in Data.
- What is the highest revenue from corporate income taxes as a share of gdp recorded in Lao People's Democratic Republic?
- The highest recorded value was 2.7% in 2012.
- What is the lowest revenue from corporate income taxes as a share of gdp recorded in Lao People's Democratic Republic?
- The lowest recorded value was 0.5% in 1994.
- How does Lao People's Democratic Republic rank for revenue from corporate income taxes as a share of gdp?
- Lao People's Democratic Republic ranks 137th out of 163 countries with data for 2017.
- Is revenue from corporate income taxes as a share of gdp rising or falling in Lao People's Democratic Republic?
- Over the last ten years it is down 27.3%. 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 International Centre for Tax and Development and UNU-WIDER (2019) – processed by Our World in Data, published as part of Revenue from corporate income taxes as a share of GDP. Statizoid updates them automatically from the source API.
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About this data
Corporate income taxes include natural resources taxes.