Service exports (BoP, current US$), annual growth rate in Laos
Laos: Service exports (BoP, current US$), annual growth rate was 30.47 % change on previous year in 2024. ◆ Volatile
Service exports (BoP, current US$), annual growth rate in Laos, 1985–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
Laos recorded 30.47 % change on previous year for service exports (bop, current us$), annual growth rate in 2024.
The figure is down 86.6% on the previous year and up 1,569.1% over ten years.
Over the whole period, service exports (bop, current us$), annual growth rate in Laos peaked at 490 % change on previous year in 1993 and was at its lowest, -70.61 % change on previous year, in 2020.
That places Laos 20th out of 199 countries with data for 2024, putting it in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Service exports (BoP, current US$), annual growth rate in Laos, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1985 | 41.06 % change on previous year | — |
| 1986 | 14.55 % change on previous year | -64.6% |
| 1987 | 7.79 % change on previous year | -46.5% |
| 1988 | -32.32 % change on previous year | -515.0% |
| 1989 | 26.4 % change on previous year | -181.7% |
| 1990 | 5.33 % change on previous year | -79.8% |
| 1991 | 59.49 % change on previous year | +1015.5% |
| 1992 | -49.74 % change on previous year | -183.6% |
| 1993 | 490 % change on previous year | -1085.2% |
| 1994 | 0.2676 % change on previous year | -99.9% |
| 1995 | -0.7117 % change on previous year | -366.0% |
| 1996 | -11.29 % change on previous year | +1486.3% |
| 1997 | 134.65 % change on previous year | -1292.6% |
| 1998 | 26.43 % change on previous year | -80.4% |
| 1999 | -24.45 % change on previous year | -192.5% |
| 2000 | -20.84 % change on previous year | -14.7% |
| 2001 | -5.45 % change on previous year | -73.8% |
| 2002 | 6.09 % change on previous year | -211.6% |
| 2003 | -27.68 % change on previous year | -554.8% |
| 2004 | 40.31 % change on previous year | -245.6% |
| 2005 | 14.25 % change on previous year | -64.7% |
| 2006 | 9.4 % change on previous year | -34.0% |
| 2007 | 24.49 % change on previous year | +160.5% |
| 2008 | 44.4 % change on previous year | +81.3% |
| 2009 | -1.09 % change on previous year | -102.4% |
| 2010 | 28.63 % change on previous year | -2735.4% |
| 2011 | 7.56 % change on previous year | -73.6% |
| 2012 | 17.05 % change on previous year | +125.4% |
| 2013 | 21.34 % change on previous year | +25.2% |
| 2014 | -2.07 % change on previous year | -109.7% |
| 2015 | 10.42 % change on previous year | -602.2% |
| 2016 | -1.12 % change on previous year | -110.7% |
| 2017 | -6.48 % change on previous year | +480.7% |
| 2018 | 26.24 % change on previous year | -504.8% |
| 2019 | 19.68 % change on previous year | -25.0% |
| 2020 | -70.61 % change on previous year | -458.9% |
| 2021 | -63.84 % change on previous year | -9.6% |
| 2022 | 224.02 % change on previous year | -450.9% |
| 2023 | 226.85 % change on previous year | +1.3% |
| 2024 | 30.47 % change on previous year | -86.6% |
Laos compared with similar countries
- Laos's 30.47 % change on previous year is above the median for lower middle income countries, which is 9.97 % change on previous year, 3.1× the median. (47 countries reporting)
- Laos's 30.47 % change on previous year is above the median for East Asia & Pacific, which is 10.87 % change on previous year, 2.8× the median. (33 countries reporting)
Biggest year-on-year movements
Years where Service exports (BoP, current US$), annual growth rate in Laos changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2010 | +2735.4% | -1.09 % change on previous year | 28.63 % change on previous year |
| 1996 | -1486.3% | -0.7117 % change on previous year | -11.29 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 11.5 % change on previous year | -32.32 % change on previous year | 41.06 % change on previous year | 5 |
| 1990s | 63 % change on previous year | -49.74 % change on previous year | 490 % change on previous year | 10 |
| 2000s | 8.39 % change on previous year | -27.68 % change on previous year | 44.4 % change on previous year | 10 |
| 2010s | 12.12 % change on previous year | -6.48 % change on previous year | 28.63 % change on previous year | 10 |
| 2020s | 69.38 % change on previous year | -70.61 % change on previous year | 226.85 % change on previous year | 5 |
Countries ranked near Laos
- 17 Tonga 37.09 % change on previous year compare
- 18 Kosovo 34.24 % change on previous year compare
- 18 Kosovo (UNSCR 1244) 34.24 % change on previous year compare
- 21 Eritrea 28.08 % change on previous year compare
- 22 Sri Lanka 27.58 % change on previous year compare
- 23 Paraguay 26.97 % change on previous year compare
More economy & growth data for Laos
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 3.39 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 4.6 Percent per annum (2029)
- Foreign direct investment, net outflows (BoP, current US$), 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$), annual growth rate 25.05 % change on previous year (2024)
Frequently asked questions
- What is service exports (bop, current us$), annual growth rate in Laos?
- Service exports (bop, current us$), annual growth rate in Laos was 30.47 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest service exports (bop, current us$), annual growth rate recorded in Laos?
- The highest recorded value was 490 % change on previous year in 1993.
- What is the lowest service exports (bop, current us$), annual growth rate recorded in Laos?
- The lowest recorded value was -70.61 % change on previous year in 2020.
- How does Laos rank for service exports (bop, current us$), annual growth rate?
- Laos ranks 20th out of 199 countries with data for 2024.
- Is service exports (bop, current us$), annual growth rate rising or falling in Laos?
- Over the last ten years it is up 1,569.1%. The long-run trend across the full record is volatile.
- Where does this Laos data come from?
- The figures come from Statizoid (derived), published as part of Service exports (BoP, current US$), annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 40 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in Service exports (BoP, current US$). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Service exports Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF)
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
The year-on-year percentage change in Service exports (BoP, current US$). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.