Total Expenditure (general government) — Value US$, 2015 prices in Lao People's Democratic Republic
Lao People's Democratic Republic: Total Expenditure (general government) — Value US$, 2015 prices was 3,523 million USD in 2023. ▲ Rising
Total Expenditure (general government) — Value US$, 2015 prices in Lao People's Democratic Republic, 2001–2023
Source: Food and Agriculture Organization of the United Nations. Measured in million USD.
Analysis
In 2023, total expenditure (general government) — value us$, 2015 prices in Lao People's Democratic Republic stood at 3,523 million USD.
The figure is up 14.0% on the previous year and up 7.3% over ten years.
Over the whole period, total expenditure (general government) — value us$, 2015 prices in Lao People's Democratic Republic peaked at 3,815 million USD in 2016 and was at its lowest, 898.23 million USD, in 2004.
The long-run direction has been consistently rising across the 23 years of available data.
Total Expenditure (general government) — Value US$, 2015 prices in Lao People's Democratic Republic, year by year
| Year | million USD | Change |
|---|---|---|
| 2001 | 1,052 million USD | — |
| 2002 | 981.46 million USD | -6.7% |
| 2003 | 1,069 million USD | +9.0% |
| 2004 | 898.23 million USD | -16.0% |
| 2005 | 1,146 million USD | +27.6% |
| 2006 | 1,203 million USD | +5.0% |
| 2007 | 1,377 million USD | +14.5% |
| 2008 | 1,544 million USD | +12.1% |
| 2009 | 1,737 million USD | +12.5% |
| 2010 | 2,192 million USD | +26.2% |
| 2011 | 2,263 million USD | +3.2% |
| 2012 | 2,555 million USD | +12.9% |
| 2013 | 3,284 million USD | +28.5% |
| 2014 | 3,334 million USD | +1.5% |
| 2015 | 3,579 million USD | +7.4% |
| 2016 | 3,815 million USD | +6.6% |
| 2017 | 3,799 million USD | -0.4% |
| 2018 | 3,775 million USD | -0.6% |
| 2019 | 3,481 million USD | -7.8% |
| 2020 | 3,408 million USD | -2.1% |
| 2021 | 3,152 million USD | -7.5% |
| 2022 | 3,090 million USD | -2.0% |
| 2023 | 3,523 million USD | +14.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 1,223 million USD | 898.23 million USD | 1,737 million USD | 9 |
| 2010s | 3,208 million USD | 2,192 million USD | 3,815 million USD | 10 |
| 2020s | 3,293 million USD | 3,090 million USD | 3,523 million USD | 4 |
Countries ranked near Lao People's Democratic Republic
- 3 Germany 1.83 million million USD compare
- 3 Viet Nam 71,506 million USD compare
- 4 Bolivia (Plurinational State of) 7,679 million USD compare
- 4 France 1.54 million million USD compare
- 5 Republic of Moldova 3,542 million USD compare
- 5 United Kingdom of Great Britain and Northern Ireland 1.52 million million USD compare
- 6 Italy 1.03 million million USD compare
- 7 Brazil 928,407 million USD compare
- 7 Timor-Leste 1,173 million USD compare
- 8 India 857,449 million USD compare
- 9 Canada 734,586 million USD compare
More economy & growth data for Lao People's Democratic Republic
- Gross Domestic Product — Value US$ per capita 1,874 USD (2024)
- Gross Fixed Capital Formation — Share of GDP US$, 2015 prices 28.93 % (2024)
- Gross Fixed Capital Formation — Share of GDP US$ 24.77 % (2024)
- Gross Fixed Capital Formation — Value US$, 2015 prices 6,487 million USD (2024)
- Gross Fixed Capital Formation — Value Standard Local Currency, 2015 52.72 million million SLC (2024)
- Gross Fixed Capital Formation — Value Standard Local Currency 78.08 million million SLC (2024)
- Gross Domestic Product — Annual growth US$ per capita, 2015 prices 2.85 % (2024)
- Gross Domestic Product — Annual growth US$, 2015 prices 4.26 % (2024)
- Gross Domestic Product — Value US$ 14,563 million USD (2024)
- Gross Domestic Product — Annual growth US$ -2.97 % (2024)
Frequently asked questions
- What is total expenditure (general government) — value us$, 2015 prices in Lao People's Democratic Republic?
- Total expenditure (general government) — value us$, 2015 prices in Lao People's Democratic Republic was 3,523 million USD in 2023, according to Food and Agriculture Organization of the United Nations.
- What is the highest total expenditure (general government) — value us$, 2015 prices recorded in Lao People's Democratic Republic?
- The highest recorded value was 3,815 million USD in 2016.
- What is the lowest total expenditure (general government) — value us$, 2015 prices recorded in Lao People's Democratic Republic?
- The lowest recorded value was 898.23 million USD in 2004.
- How does Lao People's Democratic Republic rank for total expenditure (general government) — value us$, 2015 prices?
- Lao People's Democratic Republic ranks 6th out of 7 countries with data for 2023.
- Is total expenditure (general government) — value us$, 2015 prices rising or falling in Lao People's Democratic Republic?
- Over the last ten years it is up 7.3%. 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 Food and Agriculture Organization of the United Nations, published as part of Total Expenditure (general government) — Value US$, 2015 prices. Statizoid updates them automatically from the source API.
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About this data
The Statistics Division of FAO collects annually data on Government Expenditure on Agriculture through a questionnaire, which was developed in partnership with the International Monetary Fund (IMF). The IMF is the responsible institution for the Government Finance Statistics (GFS) methodology and annually collects GFS data, including Expenditure by Functions of Government (COFOG). The Classification of the Functions of Government (COFOG) is an international classification developed by Organisation for Economic Co-operation and Development (OECD) and published by the United Nations Statistical Division (UNSD), with the aim of categorise governments' functions according to their purposes. The FAO questionnaire aligns with Table 7 of the IMF GFS questionnaire, replicates the relevant aggregates and drills down to request additional detail related to Agriculture. The FAO dataset consists of a time series, from 2001 onwards, of Total Government Expenditure and expenditure in: Agriculture, Forestry, Fishing and Hunting, along with its three disaggregated subsectors of Agriculture, Forestry and Fishing; and Environmental Protection. In addition, expenditure in each detailed function are further disaggregated into Recurrent and Capital expenditure. Additional indicators include the Agriculture Share of Government Expenditure, and the Agriculture Orientation Index (ratio between the Agriculture Share of Government Expenditure and the Agriculture Value Added as Share of GDP). Data are reported for the highest level of government available (Consolidated general government, consolidated central government or budgetary central government) and are available for about 100 countries on a regular basis.