Total debt service in Laos
Laos: Total debt service was 19.0% in 2024. ▲ Rising
Total debt service in Laos, 1984–2024
Source: International Debt Statistics, World Bank (WB). Measured in % of exports of goods, services and primary income.
Analysis
Laos recorded 19.0% for total debt service in 2024.
That represents a change of up 48.7% on the previous year and up 101.8% over ten years.
Over the whole period, total debt service in Laos peaked at 29.2% in 2021 and was at its lowest, 4.8%, in 1992.
Laos ranks 37th of 120 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 41 years of available data.
Total debt service in Laos, year by year
| Year | % of exports of goods, services and primary income | Change |
|---|---|---|
| 1984 | 11.6% | — |
| 1985 | 9.2% | -20.6% |
| 1986 | 10.6% | +15.6% |
| 1987 | 11.5% | +8.5% |
| 1988 | 13.5% | +17.4% |
| 1989 | 20.2% | +49.2% |
| 1990 | 8.6% | -57.5% |
| 1991 | 6.2% | -28.2% |
| 1992 | 4.8% | -22.7% |
| 1993 | 8.3% | +74.0% |
| 1994 | 4.9% | -40.5% |
| 1995 | 7.6% | +53.7% |
| 1996 | 8.1% | +6.0% |
| 1997 | 6.3% | -21.4% |
| 1998 | 6.3% | -0.5% |
| 1999 | 9.5% | +50.1% |
| 2000 | 8.0% | -16.0% |
| 2001 | 9.0% | +13.0% |
| 2002 | 19.7% | +119.2% |
| 2003 | 22.1% | +12.0% |
| 2004 | 22.9% | +3.9% |
| 2005 | 17.8% | -22.5% |
| 2006 | 16.7% | -6.2% |
| 2007 | 16.1% | -3.5% |
| 2008 | 14.3% | -11.0% |
| 2009 | 15.4% | +7.7% |
| 2010 | 13.1% | -15.1% |
| 2011 | 12.8% | -1.8% |
| 2012 | 9.0% | -30.0% |
| 2013 | 10.9% | +21.3% |
| 2014 | 9.4% | -13.4% |
| 2015 | 9.1% | -3.6% |
| 2016 | 10.8% | +19.0% |
| 2017 | 11.1% | +2.6% |
| 2018 | 11.8% | +6.6% |
| 2019 | 15.1% | +27.3% |
| 2020 | 14.1% | -6.8% |
| 2021 | 29.2% | +107.5% |
| 2022 | 15.5% | -46.9% |
| 2023 | 12.8% | -17.3% |
| 2024 | 19.0% | +48.7% |
Laos compared with similar countries
- Laos's 19.0% is above the median for lower middle income countries, which is 16.6%, 1.1× the median. (43 countries reporting)
- Laos's 19.0% is above the median for East Asia & Pacific, which is 9.3%, 2.1× the median. (16 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 12.8% | 9.2% | 20.2% | 6 |
| 1990s | 7.1% | 4.8% | 9.5% | 10 |
| 2000s | 16.2% | 8.0% | 22.9% | 10 |
| 2010s | 11.3% | 9.0% | 15.1% | 10 |
| 2020s | 18.1% | 12.8% | 29.2% | 5 |
Countries ranked near Laos
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 total debt service in Laos?
- Total debt service in Laos was 19.0% in 2024, according to International Debt Statistics, World Bank (WB).
- What is the highest total debt service recorded in Laos?
- The highest recorded value was 29.2% in 2021.
- What is the lowest total debt service recorded in Laos?
- The lowest recorded value was 4.8% in 1992.
- How does Laos rank for total debt service?
- Laos ranks 37th out of 120 countries with data for 2024.
- Is total debt service rising or falling in Laos?
- Over the last ten years it is up 101.8%. The long-run trend across the full record is rising.
- Where does this Laos data come from?
- The figures come from International Debt Statistics, World Bank (WB), published as part of Total debt service (% of exports of goods, services and primary income). Statizoid updates them automatically from the source API.
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About this data
Total debt service to exports of goods, services and primary income. Total debt service is the sum of principal repayments and interest actually paid in currency, goods, or services on long-term debt, interest paid on short-term debt, and repayments (repurchases and charges) to the IMF.