Service imports in Laos
Laos: Service imports was 1.27 billion BoP, current US$ in 2024. ◆ Volatile
Latest (2024)
1.27 billion BoP, current US$
Change on year
up 33.8%
World rank
144th
of 200 countries
All-time high
1.27 billion BoP, current US$
in 2024
All-time low
25.80 million BoP, current US$
in 1989
Years of data
41
1984–2024
Service imports in Laos, 1984–2024
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in BoP, current US$.
Analysis
Laos recorded 1.27 billion BoP, current US$ for service imports in 2024. That is the highest value across all 41 years on record.
That represents a change of up 33.8% on the previous year and up 10.2% over ten years.
Over the whole period, service imports in Laos peaked at 1.27 billion BoP, current US$ in 2024 and was at its lowest, 25.80 million BoP, current US$, in 1989.
Laos ranks 144th of 200 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Service imports in Laos, year by year
| Year | BoP, current US$ | Change |
|---|---|---|
| 1984 | 57.50 million BoP, current US$ | — |
| 1985 | 42.90 million BoP, current US$ | -25.4% |
| 1986 | 33.80 million BoP, current US$ | -21.2% |
| 1987 | 38.10 million BoP, current US$ | +12.7% |
| 1988 | 26.70 million BoP, current US$ | -29.9% |
| 1989 | 25.80 million BoP, current US$ | -3.4% |
| 1990 | 26.40 million BoP, current US$ | +2.3% |
| 1991 | 47.60 million BoP, current US$ | +80.3% |
| 1992 | 71.30 million BoP, current US$ | +49.8% |
| 1993 | 75.90 million BoP, current US$ | +6.5% |
| 1994 | 152.10 million BoP, current US$ | +100.4% |
| 1995 | 121.60 million BoP, current US$ | -20.1% |
| 1996 | 126.00 million BoP, current US$ | +3.6% |
| 1997 | 209.10 million BoP, current US$ | +66.0% |
| 1998 | 179.30 million BoP, current US$ | -14.3% |
| 1999 | 103.60 million BoP, current US$ | -42.2% |
| 2000 | 43.05 million BoP, current US$ | -58.4% |
| 2001 | 30.09 million BoP, current US$ | -30.1% |
| 2002 | 28.77 million BoP, current US$ | -4.4% |
| 2003 | 28.37 million BoP, current US$ | -1.4% |
| 2004 | 31.38 million BoP, current US$ | +10.6% |
| 2005 | 38.97 million BoP, current US$ | +24.2% |
| 2006 | 37.44 million BoP, current US$ | -3.9% |
| 2007 | 43.84 million BoP, current US$ | +17.1% |
| 2008 | 107.91 million BoP, current US$ | +146.1% |
| 2009 | 135.63 million BoP, current US$ | +25.7% |
| 2010 | 263.12 million BoP, current US$ | +94.0% |
| 2011 | 330.71 million BoP, current US$ | +25.7% |
| 2012 | 738.62 million BoP, current US$ | +123.3% |
| 2013 | 1.06 billion BoP, current US$ | +43.1% |
| 2014 | 1.15 billion BoP, current US$ | +8.8% |
| 2015 | 1.08 billion BoP, current US$ | -6.2% |
| 2016 | 1.02 billion BoP, current US$ | -5.2% |
| 2017 | 1.12 billion BoP, current US$ | +9.2% |
| 2018 | 1.25 billion BoP, current US$ | +11.9% |
| 2019 | 1.25 billion BoP, current US$ | -0.3% |
| 2020 | 445.48 million BoP, current US$ | -64.3% |
| 2021 | 252.06 million BoP, current US$ | -43.4% |
| 2022 | 738.38 million BoP, current US$ | +192.9% |
| 2023 | 947.25 million BoP, current US$ | +28.3% |
| 2024 | 1.27 billion BoP, current US$ | +33.8% |
Laos compared with similar countries
- Laos's 1.27 billion BoP, current US$ is below the median for lower middle income countries, which is 2.40 billion BoP, current US$, 53% of the median. (47 countries reporting)
- Laos's 1.27 billion BoP, current US$ is below the median for East Asia & Pacific, which is 2.40 billion BoP, current US$, 53% of the median. (33 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 37.47 million BoP, current US$ | 25.80 million BoP, current US$ | 57.50 million BoP, current US$ | 6 |
| 1990s | 111.29 million BoP, current US$ | 26.40 million BoP, current US$ | 209.10 million BoP, current US$ | 10 |
| 2000s | 52.54 million BoP, current US$ | 28.37 million BoP, current US$ | 135.63 million BoP, current US$ | 10 |
| 2010s | 925.26 million BoP, current US$ | 263.12 million BoP, current US$ | 1.25 billion BoP, current US$ | 10 |
| 2020s | 730.03 million BoP, current US$ | 252.06 million BoP, current US$ | 1.27 billion BoP, current US$ | 5 |
Countries ranked near Laos
- 141 Nicaragua 1.31 billion BoP, current US$ compare
- 142 Botswana 1.29 billion BoP, current US$ compare
- 143 Madagascar 1.27 billion BoP, current US$ compare
- 145 Montenegro 1.24 billion BoP, current US$ compare
- 146 Aruba 1.18 billion BoP, current US$ compare
- 147 Tajikistan 1.14 billion 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$), annual growth rate 25.05 % change on previous year (2024)
Frequently asked questions
- What is service imports in Laos?
- Service imports in Laos was 1.27 billion BoP, current US$ in 2024, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest service imports recorded in Laos?
- The highest recorded value was 1.27 billion BoP, current US$ in 2024.
- What is the lowest service imports recorded in Laos?
- The lowest recorded value was 25.80 million BoP, current US$ in 1989.
- How does Laos rank for service imports?
- Laos ranks 144th out of 200 countries with data for 2024.
- Is service imports rising or falling in Laos?
- Over the last ten years it is up 10.2%. 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 Service imports (BoP, current US$). Statizoid updates them automatically from the source API.
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About this data
Imports of services are services provided by non-residents to residents. 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.