Laos Real GDP Growth

2003 - 2019 | Yearly | % | CEIC Data

The Gross Domestic Product (GDP) in Laos expanded 5.5 % YoY in Dec 2019, following a growth of 6.2 % in the previous year. Real GDP Growth YoY data in Laos is updated yearly, available from Dec 2003 to Dec 2019, with an average rate of 7.3 %. The data reached an all-time high of 9.3 % in Dec 2007 and a record low of 5.5 % in Dec 2019. CEIC calculates Real GDP Growth from annual Real GDP. Lao Statistics Bureau provides Real GDP in local currency, at 2012 prices. Real GDP Growth prior to 2013 is calculated from Real GDP at 2002 prices.

In the latest reports, Nominal GDP of Laos reached 18.9 USD bn in Dec 2019. Its GDP deflator (implicit price deflator) increased 2.0 % in Dec 2019. GDP Per Capita in Laos reached 2,654.0 USD in Dec 2019. Its Gross Savings Rate was measured at 18.4 % in Dec 2016.

View Laos's Real GDP Growth from 2003 to 2019 in the chart:

Laos Real GDP Growth

What was Laos's Real GDP Growth in 2019?

Last Previous Min Max Unit Frequency Range
5.5 2019 6.2 2018 5.5 2019 9.3 2007 % yearly 2003 - 2019

Real GDP Growth by Country Comparison

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Includes Real GDP Growth on 116 economies standardised by CEIC. Instant access to full history data in excel.
country/region Last Frequency Range
Albania (%) -11.0 Jun 2020 quarterly Mar 2010 - Jun 2020
Algeria (%) -3.9 Mar 2020 quarterly Mar 2012 - Mar 2020
Argentina (%) -19.8 Jun 2020 quarterly Mar 2005 - Jun 2020
Armenia (%) -9.1 Sep 2020 quarterly Mar 2001 - Sep 2020
Australia (%) -6.3 Jun 2020 quarterly Sep 1960 - Jun 2020
Austria (%) -14.5 Jun 2020 quarterly Mar 1989 - Jun 2020
Azerbaijan (%) 0.2 Mar 2020 quarterly Mar 2001 - Mar 2020
Bahrain (%) -8.9 Jun 2020 quarterly Mar 2009 - Jun 2020
Bangladesh (%) 5.2 2020 yearly 2007 - 2020
Belarus (%) -3.3 Jun 2020 quarterly Mar 2006 - Jun 2020

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Laos Key Series

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Includes 161 key indicators for Laos, curated by CEIC analysts. Instant access to full history data in excel.
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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