Transport services in Lao People's Democratic Republic
Lao People's Democratic Republic: Transport services was 27.6% in 2024. ◆ Volatile
Transport services in Lao People's Democratic Republic, 1984–2024
Source: Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of service imports, BoP.
Analysis
Lao People's Democratic Republic recorded 27.6% for transport services in 2024.
That represents a change of down 7.9% on the previous year and up 810.4% over ten years.
Over the whole period, transport services in Lao People's Democratic Republic peaked at 74.0% in 1989 and was at its lowest, 3.0%, in 2014.
Lao People's Democratic Republic ranks 111th of 197 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.
Transport services in Lao People's Democratic Republic, year by year
| Year | % of service imports, BoP | Change |
|---|---|---|
| 1984 | 62.3% | — |
| 1985 | 39.2% | -37.1% |
| 1986 | 47.6% | +21.6% |
| 1987 | 49.3% | +3.6% |
| 1988 | 50.9% | +3.2% |
| 1989 | 74.0% | +45.3% |
| 1990 | 69.7% | -5.9% |
| 1991 | 46.6% | -33.1% |
| 1992 | 44.0% | -5.6% |
| 1993 | 44.4% | +0.8% |
| 1994 | 28.4% | -36.0% |
| 1995 | 42.6% | +50.0% |
| 1996 | 38.6% | -9.5% |
| 1997 | 21.9% | -43.3% |
| 1998 | 21.6% | -1.2% |
| 1999 | 5.6% | -74.1% |
| 2000 | 11.4% | +103.3% |
| 2001 | 23.7% | +108.3% |
| 2002 | 23.8% | +0.3% |
| 2003 | 20.9% | -12.1% |
| 2004 | 21.0% | +0.4% |
| 2005 | 20.4% | -2.6% |
| 2006 | 22.1% | +8.3% |
| 2007 | 18.4% | -16.7% |
| 2008 | 17.5% | -5.1% |
| 2009 | 13.8% | -21.1% |
| 2010 | 8.4% | -39.3% |
| 2011 | 6.9% | -17.9% |
| 2012 | 7.3% | +6.0% |
| 2013 | 3.4% | -53.4% |
| 2014 | 3.0% | -10.8% |
| 2015 | 3.2% | +6.5% |
| 2016 | 6.7% | +108.6% |
| 2017 | 7.7% | +14.6% |
| 2018 | 11.2% | +44.9% |
| 2019 | 11.7% | +4.3% |
| 2020 | 26.2% | +124.8% |
| 2021 | 51.7% | +97.3% |
| 2022 | 31.3% | -39.5% |
| 2023 | 30.0% | -4.1% |
| 2024 | 27.6% | -7.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 53.9% | 39.2% | 74.0% | 6 |
| 1990s | 36.3% | 5.6% | 69.7% | 10 |
| 2000s | 19.3% | 11.4% | 23.8% | 10 |
| 2010s | 7.0% | 3.0% | 11.7% | 10 |
| 2020s | 33.4% | 26.2% | 51.7% | 5 |
Countries ranked near Lao People's Democratic Republic
More economy & growth data for Lao People's Democratic Republic
- 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 transport services in Lao People's Democratic Republic?
- Transport services in Lao People's Democratic Republic was 27.6% in 2024, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest transport services recorded in Lao People's Democratic Republic?
- The highest recorded value was 74.0% in 1989.
- What is the lowest transport services recorded in Lao People's Democratic Republic?
- The lowest recorded value was 3.0% in 2014.
- How does Lao People's Democratic Republic rank for transport services?
- Lao People's Democratic Republic ranks 111th out of 197 countries with data for 2024.
- Is transport services rising or falling in Lao People's Democratic Republic?
- Over the last ten years it is up 810.4%. 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 Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Transport services (% of service imports, BoP). Statizoid updates them automatically from the source API.
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About this data
Transport services covers the process of carriage of people and objects from one location to another as well as related supporting and auxiliary services. Also included are postal and courier services. This indicator is expressed as a percentage of service imports which are services provided by non-residents to residents.