Laos Nominal GDP

Key information about Laos Nominal GDP

• Laos Nominal GDP reached 15.4 USD bn in Dec 2022, compared with 19.1 USD bn in the previous year.
• Nominal GDP in Laos is updated yearly, available from Dec 1984 to Dec 2022, with an average number of 2.4 USD bn.
• The data reached an all-time high of 19.1 USD bn in Dec 2020 and a record low of 599.0 USD mn in Dec 1988.

CEIC converts annual Nominal GDP into USD. Lao Statistics Bureau provides Nominal GDP in local currency based on SNA 2008. The Bank of the Lao PDR average market exchange rate is used for currency conversions. Nominal GDP prior to 2012 is based on SNA 1993 and prior to 2002 is sourced from the World Bank.


Related information about Laos Nominal GDP

• In the latest reports, Laos GDP expanded 4.4 % YoY in Dec 2022.
• Its GDP deflator (implicit price deflator) increased 11.6 % in Dec 2022.
• Laos GDP Per Capita reached 2,595.0 USD in Dec 2021.
• Its Gross Savings Rate was measured at 18.4 % in Dec 2016.
• For Nominal GDP contributions, Investment accounted for 29.0 % in Dec 2016.
• Public Consumption accounted for 14.0 % in Dec 2016.
• Private Consumption accounted for 64.4 % in Dec 2016.

View Laos's Nominal GDP from 1984 to 2022 in the chart:

What was Laos's Nominal GDP in 2022?

Laos Nominal GDP reached 15.4 USD bn in Dec 2022, compared with 19.1 USD bn in the previous year. See the table below for more data.

Last	Previous	Min	Max	Unit	Frequency	Range
15,362.5 2022	19,074.4 2021	599.0 1988	19,082.0 2020	USD mn	yearly	1984 - 2022

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Laos Key Series

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