Travel services in Lao People's Democratic Republic
Lao People's Democratic Republic: Travel services was 64.2% in 2024. ◆ Volatile
Travel services in Lao People's Democratic Republic, 1991–2024
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 64.2% for travel services in 2024.
That represents a change of up 11.2% on the previous year and down 29.7% over ten years.
Over the whole period, travel services in Lao People's Democratic Republic peaked at 92.5% in 2015 and was at its lowest, 0.0%, in 2021.
Lao People's Democratic Republic ranks 4th of 198 countries on this measure, in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Travel services in Lao People's Democratic Republic, year by year
| Year | % of service imports, BoP | Change |
|---|---|---|
| 1991 | 13.0% | — |
| 1992 | 13.6% | +4.4% |
| 1993 | 14.5% | +6.5% |
| 1994 | 11.8% | -18.3% |
| 1995 | 24.3% | +105.7% |
| 1996 | 17.6% | -27.6% |
| 1997 | 10.0% | -43.0% |
| 1998 | 12.9% | +28.8% |
| 1999 | 11.4% | -12.0% |
| 2000 | 18.8% | +65.2% |
| 2001 | 0.2% | -99.1% |
| 2002 | 1.2% | +592.1% |
| 2003 | 4.1% | +259.8% |
| 2004 | 12.1% | +191.9% |
| 2005 | 12.8% | +6.0% |
| 2006 | 23.7% | +84.3% |
| 2007 | 19.2% | -18.8% |
| 2008 | 38.3% | +99.5% |
| 2009 | 60.8% | +58.8% |
| 2010 | 77.0% | +26.6% |
| 2011 | 71.7% | -6.9% |
| 2012 | 81.9% | +14.2% |
| 2013 | 85.5% | +4.4% |
| 2014 | 91.4% | +6.9% |
| 2015 | 92.5% | +1.3% |
| 2016 | 89.2% | -3.7% |
| 2017 | 82.6% | -7.4% |
| 2018 | 79.4% | -3.9% |
| 2019 | 81.1% | +2.2% |
| 2020 | 56.4% | -30.5% |
| 2021 | 0.0% | -99.9% |
| 2022 | 60.0% | +200271.5% |
| 2023 | 57.7% | -3.7% |
| 2024 | 64.2% | +11.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 14.4% | 10.0% | 24.3% | 9 |
| 2000s | 19.1% | 0.2% | 60.8% | 10 |
| 2010s | 83.2% | 71.7% | 92.5% | 10 |
| 2020s | 47.7% | 0.0% | 64.2% | 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 travel services in Lao People's Democratic Republic?
- Travel services in Lao People's Democratic Republic was 64.2% in 2024, according to Balance of Payments Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest travel services recorded in Lao People's Democratic Republic?
- The highest recorded value was 92.5% in 2015.
- What is the lowest travel services recorded in Lao People's Democratic Republic?
- The lowest recorded value was 0.0% in 2021.
- How does Lao People's Democratic Republic rank for travel services?
- Lao People's Democratic Republic ranks 4th out of 198 countries with data for 2024.
- Is travel services rising or falling in Lao People's Democratic Republic?
- Over the last ten years it is down 29.7%. 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 Travel services (% of service imports, BoP). Statizoid updates them automatically from the source API.
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About this data
Travel services cover goods and services for own use or to give away acquired from an economy by nonresidents during visits to that economy, or acquired from other economies by residents during visits to these other economies. This indicator is expressed as a percentage of service imports which are services provided by non-residents to residents.