Total Expenditure (general government) — Value US$ in Lao People's Democratic Republic
Lao People's Democratic Republic: Total Expenditure (general government) — Value US$ was 2,459 million USD in 2023. ◆ Volatile
Total Expenditure (general government) — Value US$ 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$ in Lao People's Democratic Republic stood at 2,459 million USD.
That represents a change of up 6.9% on the previous year and down 21.9% over ten years.
Over the whole period, total expenditure (general government) — value us$ in Lao People's Democratic Republic peaked at 3,932 million USD in 2016 and was at its lowest, 335.97 million USD, in 2002.
The series is highly variable year to year, so single readings are best treated with caution.
Total Expenditure (general government) — Value US$ in Lao People's Democratic Republic, year by year
| Year | million USD | Change |
|---|---|---|
| 2001 | 368.65 million USD | — |
| 2002 | 335.97 million USD | -8.9% |
| 2003 | 394.81 million USD | +17.5% |
| 2004 | 365.55 million USD | -7.4% |
| 2005 | 499.57 million USD | +36.7% |
| 2006 | 647.99 million USD | +29.7% |
| 2007 | 794.72 million USD | +22.6% |
| 2008 | 1,037 million USD | +30.5% |
| 2009 | 1,147 million USD | +10.6% |
| 2010 | 1,616 million USD | +40.9% |
| 2011 | 1,881 million USD | +16.4% |
| 2012 | 2,251 million USD | +19.7% |
| 2013 | 3,149 million USD | +39.9% |
| 2014 | 3,292 million USD | +4.5% |
| 2015 | 3,579 million USD | +8.7% |
| 2016 | 3,932 million USD | +9.9% |
| 2017 | 3,930 million USD | -0.1% |
| 2018 | 3,905 million USD | -0.6% |
| 2019 | 3,528 million USD | -9.7% |
| 2020 | 3,411 million USD | -3.3% |
| 2021 | 3,043 million USD | -10.8% |
| 2022 | 2,300 million USD | -24.4% |
| 2023 | 2,459 million USD | +6.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 621.27 million USD | 335.97 million USD | 1,147 million USD | 9 |
| 2010s | 3,106 million USD | 1,616 million USD | 3,932 million USD | 10 |
| 2020s | 2,803 million USD | 2,300 million USD | 3,411 million USD | 4 |
Countries ranked near Lao People's Democratic Republic
- 3 France 1.81 million million USD compare
- 3 Viet Nam 81,426 million USD compare
- 4 United Kingdom of Great Britain and Northern Ireland 1.70 million million USD compare
- 5 Japan 1.68 million million USD compare
- 6 Italy 1.20 million million USD compare
- 7 Brazil 997,882 million USD compare
- 7 Timor-Leste 1,741 million USD compare
- 8 India 934,209 million USD compare
- 9 Canada 896,520 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$ in Lao People's Democratic Republic?
- Total expenditure (general government) — value us$ in Lao People's Democratic Republic was 2,459 million USD in 2023, according to Food and Agriculture Organization of the United Nations.
- What is the highest total expenditure (general government) — value us$ recorded in Lao People's Democratic Republic?
- The highest recorded value was 3,932 million USD in 2016.
- What is the lowest total expenditure (general government) — value us$ recorded in Lao People's Democratic Republic?
- The lowest recorded value was 335.97 million USD in 2002.
- How does Lao People's Democratic Republic rank for total expenditure (general government) — value us$?
- Lao People's Democratic Republic ranks 6th out of 7 regions with data for 2023.
- Is total expenditure (general government) — value us$ rising or falling in Lao People's Democratic Republic?
- Over the last ten years it is down 21.9%. The long-run trend across the full record is volatile.
- 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$. 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.