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Laos

Headline economic indicators for Laos, with the most recent official readings.

Prices

Prices — Laos
Indicator Value Change
Inflation rate · 7.7% -15.39 (-66.5%)
Consumer price index · 317.2 +22.79 (+7.7%)
GDP deflator inflation · 7.5% -6.50 (-46.3%)

GDP

GDP — Laos
Indicator Value Change
GDP growth rate · 4.5% +0.41 (+9.9%)
GDP per capita · 2,324.76 +200.78 (+9.5%)
GDP per capita, long-run history · 7,168 +207.07 (+3.0%)
GDP · 18,302,970,218.59 +1,800,037,097 (+10.9%)
GDP, PPP · 81,745,829,311 +5,679,104,051 (+7.5%)
GDP per capita, PPP · 10,383 +592.97 (+6.1%)
GDP per capita growth · 3.2% +0.44 (+16.2%)
GNI per capita · 2,150 +150.00 (+7.5%)
Agriculture to GDP · 16.6% -0.15 (-0.9%)
Industry to GDP · 29.2% +0.12 (+0.4%)
Manufacturing to GDP · 9.1% +0.06 (+0.7%)
Services to GDP · 43.6% +0.03 (+0.1%)
Household consumption to GDP · 65.7% -5.54 (-7.8%)
Gross capital formation to GDP · 29.0% -2.55 (-8.1%)
Gross savings to GDP · 17.6% +6.89 (+64.1%)

Labour

Labour — Laos
Indicator Value Change
Unemployment rate · 1.2% +0.01 (+1.1%)
Labour force participation rate · 66.1% +0.10 (+0.1%)
Female labour force participation rate · 61.6% +0.09 (+0.2%)
Youth unemployment rate · 2.4% +0.21 (+9.5%)
Employment to population ratio · 65.3% +0.09 (+0.1%)
Employment in agriculture · 68.6% -0.32 (-0.5%)
Employment in industry · 7.4% +0.02 (+0.2%)
Employment in services · 24.0% +0.30 (+1.3%)

Money

Money — Laos
Indicator Value Change
Real interest rate · 12.3% -16.26 (-57.0%)
Broad money to GDP · 36.2% +5.36 (+17.4%)
Private sector credit to GDP · 20.9% +3.68 (+21.3%)
Lending rate · 22.6% -2.16 (-8.7%)
Bank deposit rate · 3.0% -0.25 (-7.7%)
Official exchange rate · 20,444.14 +276.81 (+1.4%)

Trade

Trade — Laos
Indicator Value Change
Current account to GDP · 11.1% +7.90 (+249.2%)
Exports to GDP · 33.2% -0.74 (-2.2%)
Imports to GDP · 41.9% -9.96 (-19.2%)
Trade to GDP · 75.1% -10.71 (-12.5%)
Exports of goods and services · 5,284,450,716.03 +386,369,016 (+7.9%)
Imports of goods and services · 6,664,547,720.23 -814,962,610 (-10.9%)
Trade balance, goods and services (annual) · 2,447,272,326.48 +1,126,721,175 (+85.3%)
Current account balance (annual) · 2,026,850,771.8 +1,503,466,640 (+287.3%)
Foreign direct investment to GDP · 7.7% -0.22 (-2.8%)
Remittances received to GDP · 2.6% +0.33 (+14.9%)
Total reserves, including gold · 3,714,314,370.55 +1,501,313,370 (+67.8%)
Reserves in months of imports · 3.4 +1.19 (+53.0%)
External debt to GNI · 115.4% -7.55 (-6.1%)

Government

Government — Laos
Indicator Value Change
Government revenue to GDP · 13.9% +1.09 (+8.5%)
Government expense to GDP · 10.3% -0.45 (-4.2%)
Tax revenue to GDP · 12.1% +1.72 (+16.6%)
Government budget balance to GDP · 0.2% +0.79 (+131.5%)
Government consumption to GDP · 14.0% -1.14 (-7.5%)
Education spending to GDP · 1.2% -0.23 (-15.5%)
Health spending to GDP · 1.3% -0.69 (-34.3%)

Demography

Demography — Laos
Indicator Value Change
Population · 7,873,046 +103,227 (+1.3%)
Population, long-run history · 7,666 +106.32 (+1.4%)
Population growth · 1.3% -0.04 (-2.8%)
Life expectancy · 69.2 +0.26 (+0.4%)
Fertility rate · 2.40 -0.02 (-1.0%)
Birth rate · 20.9 -0.34 (-1.6%)
Death rate · 6.2 -0.03 (-0.5%)
Urban population share · 40.3% +0.76 (+1.9%)
Population aged 65 and over · 4.8% +0.14 (+3.0%)
Under-five mortality rate · 29.4 -1.10 (-3.6%)
Population density · 33.7 +0.45 (+1.4%)
Net migration · -10,645 -361.00 (-3.5%)
Gini index · 34.7 -4.10 (-10.6%)

Source: Bolt, J. and van Zanden, J.L. (2024), Maddison style estimates of the evolution of the world economy: A new 2023 update, Journal of Economic Surveys, 1-41, DOI 10.1111/joes.12618. Licensed under CC BY 4.0. The original sources are listed on each page.

All data sources

Original sources of these estimates

GDP pc: 2008 - 2022: Total Economy Database the Conference Board for all countries included in TED. Otherwise UN national accounts statistics

No separate list is published for Laos; the database as a whole is cited above.

Economies nearby

Comparable readings from neighbouring economies.