Revenue Statistics in Asia and the Pacific - Comparative tax and in Lao People's Democratic Republic
Lao People's Democratic Republic: Revenue Statistics in Asia and the Pacific - Comparative tax and was 12.73 Percentage of GDP in 2024. ▼ Falling
Revenue Statistics in Asia and the Pacific - Comparative tax and in Lao People's Democratic Republic, 2010–2024
Source: Organisation for Economic Co-operation and Development. Measured in Percentage of GDP.
Analysis
The most recent figure for revenue statistics in asia and the pacific - comparative tax and in Lao People's Democratic Republic is 12.73 Percentage of GDP, measured in 2024.
That represents a change of up 15.9% on the previous year and up 3.6% over ten years.
Over the whole period, revenue statistics in asia and the pacific - comparative tax and in Lao People's Democratic Republic peaked at 12.92 Percentage of GDP in 2013 and was at its lowest, 9.17 Percentage of GDP, in 2020.
That places Lao People's Democratic Republic 30th out of 35 countries with data for 2024, putting it in the bottom quarter.
The long-run direction has been consistently falling across the 15 years of available data.
Revenue Statistics in Asia and the Pacific - Comparative tax and in Lao People's Democratic Republic, year by year
| Year | Percentage of GDP | Change |
|---|---|---|
| 2010 | 11.45 Percentage of GDP | — |
| 2011 | 12.07 Percentage of GDP | +5.4% |
| 2012 | 12.22 Percentage of GDP | +1.3% |
| 2013 | 12.92 Percentage of GDP | +5.7% |
| 2014 | 12.29 Percentage of GDP | -4.9% |
| 2015 | 12.55 Percentage of GDP | +2.2% |
| 2016 | 11.91 Percentage of GDP | -5.1% |
| 2017 | 11.04 Percentage of GDP | -7.3% |
| 2018 | 10.87 Percentage of GDP | -1.6% |
| 2019 | 10.54 Percentage of GDP | -3.0% |
| 2020 | 9.17 Percentage of GDP | -13.0% |
| 2021 | 9.6 Percentage of GDP | +4.7% |
| 2022 | 10.32 Percentage of GDP | +7.5% |
| 2023 | 10.98 Percentage of GDP | +6.4% |
| 2024 | 12.73 Percentage of GDP | +15.9% |
Lao People's Democratic Republic compared with similar countries
- Lao People's Democratic Republic's 12.73 Percentage of GDP is below the median for lower middle income countries, which is 14.35 Percentage of GDP, 89% of the median. (10 countries reporting)
- Lao People's Democratic Republic's 12.73 Percentage of GDP is below the median for East Asia & Pacific, which is 17.97 Percentage of GDP, 71% of the median. (22 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 11.79 Percentage of GDP | 10.54 Percentage of GDP | 12.92 Percentage of GDP | 10 |
| 2020s | 10.56 Percentage of GDP | 9.17 Percentage of GDP | 12.73 Percentage of GDP | 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)
- 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 revenue statistics in asia and the pacific - comparative tax and in Lao People's Democratic Republic?
- Revenue statistics in asia and the pacific - comparative tax and in Lao People's Democratic Republic was 12.73 Percentage of GDP in 2024, according to Organisation for Economic Co-operation and Development.
- What is the highest revenue statistics in asia and the pacific - comparative tax and recorded in Lao People's Democratic Republic?
- The highest recorded value was 12.92 Percentage of GDP in 2013.
- What is the lowest revenue statistics in asia and the pacific - comparative tax and recorded in Lao People's Democratic Republic?
- The lowest recorded value was 9.17 Percentage of GDP in 2020.
- How does Lao People's Democratic Republic rank for revenue statistics in asia and the pacific - comparative tax and?
- Lao People's Democratic Republic ranks 30th out of 35 countries with data for 2024.
- Is revenue statistics in asia and the pacific - comparative tax and rising or falling in Lao People's Democratic Republic?
- Over the last ten years it is up 3.6%. The long-run trend across the full record is falling.
- Where does this Lao People's Democratic Republic data come from?
- The figures come from Organisation for Economic Co-operation and Development, published as part of Revenue Statistics in Asia and the Pacific - Comparative tax and non-tax revenues. Statizoid updates them automatically from the source API.
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About this data
Internationally comparable tax and non-tax revenue data from Revenue Statistics in Asia and the Pacific economies presented as a percentage of GDP and as a share of total tax or non-tax revenues as well as in national currency and US dollars. Tax revenues are harmonised according to the OECD classification of taxes. Related topics: Tax-to-GDP, Taxation, Tax structure, Tax mix, Regional average – change for each region, Domestic resource mobilisation, Public finance, Income tax, Social security contributions, Goods and services, Value added tax, VAT, Excise, Customs, Property tax, non-tax revenues, grants, royalties, fines, penalties, administrative fees, resource rents, sales of goods and services.