Laos Nominal GDP
Laos Nominal GDP reached 18.9 USD bn in Dec 2019, compared with 18.1 USD bn in the previous year. Nominal GDP in Laos is updated yearly, available from Dec 1980 to Dec 2019, with an average number of 2.8 USD bn. The data reached an all-time high of 18.9 USD bn in Dec 2019 and a record low of 1.0 USD bn in Dec 1981. 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 International Monetary Fund.
In the latest reports, Laos GDP expanded 5.5 % YoY in Dec 2019. Its GDP deflator (implicit price deflator) increased 2.0 % in Dec 2019. Laos GDP Per Capita reached 2,654.0 USD in Dec 2019. Its Gross Savings Rate was measured at 18.4 % in Dec 2016.
View Laos's Nominal GDP from 1980 to 2019 in the chart:
What was Laos's Nominal GDP in 2019?
| Last | Previous | Min | Max | Unit | Frequency | Range |
|---|---|---|---|---|---|---|
| 18,897.3 2019 | 18,141.7 2018 | 1,045.0 1981 | 18,897.3 2019 | USD mn | yearly | 1980 - 2019 |
Nominal GDP by Country Comparison
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| country/region | Last | Frequency | Range |
|---|---|---|---|
| Albania (USD mn) | 3,216.2 Jun 2020 | quarterly | Mar 2008 - Jun 2020 |
| Algeria (USD mn) | 40,083.4 Mar 2020 | quarterly | Mar 1999 - Mar 2020 |
| Argentina (USD mn) | 87,180.6 Jun 2020 | quarterly | Mar 2004 - Jun 2020 |
| Armenia (USD mn) | 3,593.3 Sep 2020 | quarterly | Dec 1994 - Sep 2020 |
| Australia (USD mn) | 307,619.3 Jun 2020 | quarterly | Sep 1959 - Jun 2020 |
| Austria (USD mn) | 112,574.1 Sep 2020 | quarterly | Mar 1988 - Sep 2020 |
| Azerbaijan (USD mn) | 10,668.2 Mar 2020 | quarterly | Mar 2001 - Mar 2020 |
| Bahrain (USD mn) | 7,943.7 Jun 2020 | quarterly | Mar 2007 - Jun 2020 |
| Bangladesh (USD mn) | 329,803.7 2020 | yearly | 1960 - 2020 |
| Belarus (USD mn) | 13,789.2 Jun 2020 | quarterly | Mar 1994 - Jun 2020 |
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| Government and Public Finance | Last | Frequency | Range |
|---|---|---|---|
| Consolidated Fiscal Balance: % of GDP (%) | -3.2 2019 | yearly | 2012 - 2019 |
| Consolidated Fiscal Balance (USD mn) | -610.066 2019 | yearly | 2010 - 2019 |
| Tax Revenue (USD mn) | 2,043.467 2019 | yearly | 2010 - 2019 |
| Tax Revenue: % of GDP (%) | 10.8 2019 | yearly | 2012 - 2019 |
| Govt Budget: Revenue: Tax: VAT (LAK bn) | 5,201.470 2018 | yearly | 2013 - 2018 |
| Govt Budget: Revenue: Tax: Excise Tax (LAK bn) | 4,742.820 2018 | yearly | 2013 - 2018 |
| Govt Budget: Revenue (LAK bn) | 21,795.660 2018 | yearly | 2013 - 2018 |
| Govt Budget: Total Expenditure (TE) (LAK bn) | 31,002.850 2018 | yearly | 2013 - 2018 |
| Govt Budget: TE: Current Expenditure (CE) (LAK bn) | 18,430.240 2018 | yearly | 2013 - 2018 |
| Govt Budget: TE: Capital Expenditure (LAK bn) | 12,572.610 2018 | yearly | 2013 - 2018 |
| Govt Budget: Revenue: Tax: Income Tax (LAK bn) | 1,619.010 2018 | yearly | 2013 - 2018 |
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