Laos Real GDP Growth
2003 - 2021 | Yearly | % | CEIC Data
Key information about Laos Real GDP Growth
- The Gross Domestic Product (GDP) in Laos expanded 3.5 % YoY in Dec 2021, following a growth of 3.3 % in the previous year.
- Real GDP Growth YoY data in Laos is updated yearly, available from Dec 2003 to Dec 2021, with an average rate of 7.2 %.
- The data reached an all-time high of 9.3 % in Dec 2007 and a record low of 3.3 % in Dec 2020.
Related information about Laos Real GDP Growth
- In the latest reports, Nominal GDP of Laos reached 19.1 USD bn in Dec 2021.
- Its GDP deflator (implicit price deflator) increased 3.6 % in Dec 2021.
- GDP Per Capita in Laos 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 Real GDP Growth from 2003 to 2021 in the chart:
What was Laos's Real GDP Growth in 2021?
The Gross Domestic Product (GDP) in Laos expanded 3.5 % YoY in Dec 2021, following a growth of 3.3 % in the previous year. See the table below for more data.
| Last | Previous | Min | Max | Unit | Frequency | Range |
|---|---|---|---|---|---|---|
| 3.5 2021 | 3.3 2020 | 3.3 2020 | 9.3 2007 | % | yearly | 2003 - 2021 |
Real GDP Growth by Country Comparison
| country/region | Last | Frequency | Range |
|---|---|---|---|
| Albania (%) | 4.7 Dec 2022 | quarterly | Mar 2010 - Dec 2022 |
| Algeria (%) | 2.0 Sep 2024 | quarterly | Mar 2000 - Sep 2024 |
| Argentina (%) | 1.2 Mar 2023 | quarterly | Mar 2005 - Mar 2023 |
| Armenia (%) | 12.1 Mar 2023 | quarterly | Mar 2001 - Mar 2023 |
| Australia (%) | 2.7 Dec 2022 | quarterly | Sep 1960 - Dec 2022 |
| Austria (%) | 1.8 Mar 2023 | quarterly | Mar 1989 - Mar 2023 |
| Azerbaijan (%) | 4.9 Sep 2024 | quarterly | Mar 2001 - Sep 2024 |
| Bahrain (%) | 2.1 Sep 2024 | quarterly | Mar 2009 - Sep 2024 |
| Bangladesh (%) | 7.1 2022 | yearly | 2007 - 2022 |
| Belarus (%) | -2.0 Mar 2023 | quarterly | Mar 2006 - Mar 2023 |
| Belgium (%) | 1.9 Sep 2022 | quarterly | Mar 1996 - Sep 2022 |
| Bolivia (%) | 4.3 Jun 2022 | quarterly | Mar 1991 - Jun 2022 |
| Bosnia and Herzegovina (%) | 2.6 Sep 2022 | quarterly | Mar 2009 - Sep 2022 |
| Botswana (%) | 6.3 Sep 2022 | quarterly | Mar 1995 - Sep 2022 |
| Brazil (%) | 3.4 Mar 2023 | quarterly | Mar 1997 - Mar 2023 |
| Brunei (%) | 0.9 Sep 2022 | quarterly | Mar 2005 - Sep 2022 |
| Bulgaria (%) | 2.3 Dec 2022 | quarterly | Mar 1996 - Dec 2022 |
| Cambodia (%) | 5.3 2022 | yearly | 1994 - 2022 |
| Canada (%) | 2.1 Dec 2022 | quarterly | Mar 1962 - Dec 2022 |
| Chile (%) | -0.1 Sep 2022 | quarterly | Mar 1987 - Sep 2022 |
| China (%) | 4.5 Mar 2023 | quarterly | Mar 1992 - Mar 2023 |
| Colombia (%) | 2.9 Dec 2022 | quarterly | Mar 2001 - Dec 2022 |
| Croatia (%) | 4.0 Dec 2022 | quarterly | Mar 1996 - Dec 2022 |
| Cyprus (%) | 3.4 Mar 2023 | quarterly | Mar 1996 - Mar 2023 |
| Czech Republic (%) | 0.2 Dec 2022 | quarterly | Mar 1996 - Dec 2022 |
| Denmark (%) | 1.5 Dec 2022 | quarterly | Mar 1992 - Dec 2022 |
| Ecuador (%) | 3.2 Sep 2022 | quarterly | Mar 1994 - Sep 2022 |
| Egypt (%) | 4.4 Sep 2022 | quarterly | Sep 2002 - Sep 2022 |
| Estonia (%) | -4.4 Dec 2022 | quarterly | Mar 1996 - Dec 2022 |
| European Union (%) | 1.3 Mar 2023 | quarterly | Mar 1996 - Mar 2023 |
| Finland (%) | -0.3 Mar 2023 | quarterly | Mar 1976 - Mar 2023 |
| France (%) | 0.9 Mar 2023 | quarterly | Mar 1950 - Mar 2023 |
| Georgia (%) | 9.7 Dec 2022 | quarterly | Mar 1998 - Dec 2022 |
| Germany (%) | -0.5 Mar 2023 | quarterly | Mar 1992 - Mar 2023 |
| Ghana (%) | 0.9 Dec 2024 | quarterly | Jun 2006 - Dec 2024 |
| Greece (%) | 5.2 Dec 2022 | quarterly | Mar 1996 - Dec 2022 |
| Hong Kong SAR, China (%) | 2.8 Mar 2023 | quarterly | Mar 1991 - Mar 2023 |
| Hungary (%) | 0.8 Dec 2022 | quarterly | Mar 1996 - Dec 2022 |
| Iceland (%) | 6.1 Mar 2023 | quarterly | Mar 1996 - Mar 2023 |
| India (%) | 4.4 Dec 2022 | quarterly | Jun 2005 - Dec 2022 |
| Indonesia (%) | 5.0 Dec 2022 | quarterly | Mar 1994 - Dec 2022 |
| Iran (%) | 5.0 Mar 2022 | quarterly | Jun 1989 - Mar 2022 |
| Ireland (%) | -0.3 Mar 2023 | quarterly | Mar 1996 - Mar 2023 |
| Israel (%) | 2.5 Dec 2022 | quarterly | Mar 1996 - Dec 2022 |
| Italy (%) | 1.4 Dec 2022 | quarterly | Mar 1982 - Dec 2022 |
| Ivory Coast (%) | 6.8 2022 | yearly | 1966 - 2022 |
| Japan (%) | 0.4 Dec 2022 | quarterly | Mar 1956 - Dec 2022 |
| Jordan (%) | 2.8 Mar 2023 | quarterly | Mar 1993 - Mar 2023 |
| Kazakhstan (%) | 3.4 Mar 2023 | quarterly | Mar 2006 - Mar 2023 |
| Kenya (%) | 5.2 Sep 2022 | quarterly | Mar 2010 - Sep 2022 |
| South Korea (%) | 1.3 Dec 2022 | quarterly | Mar 1961 - Dec 2022 |
| Kosovo (%) | 4.0 Sep 2024 | quarterly | Mar 2011 - Sep 2024 |
| Kuwait (%) | -2.2 Sep 2024 | quarterly | Jun 2010 - Sep 2024 |
| Kyrgyzstan (%) | 7.0 Dec 2022 | quarterly | Mar 2007 - Dec 2022 |
| Laos (%) | 3.5 2021 | yearly | 2003 - 2021 |
| Latvia (%) | 0.4 Mar 2023 | quarterly | Mar 1996 - Mar 2023 |
| Lebanon (%) | 2.0 2021 | yearly | 2012 - 2021 |
| Lithuania (%) | -0.4 Dec 2022 | quarterly | Jun 1995 - Dec 2022 |
| Luxembourg (%) | -2.2 Dec 2022 | quarterly | Mar 1996 - Dec 2022 |
| Macau SAR, China (%) | -23.4 Dec 2022 | quarterly | Mar 2002 - Dec 2022 |
| North Macedonia (%) | 0.6 Dec 2022 | quarterly | Mar 2001 - Dec 2022 |
| Malawi (%) | 4.0 2018 | yearly | 2003 - 2018 |
| Malaysia (%) | 7.0 Dec 2022 | quarterly | Mar 2001 - Dec 2022 |
| Malta (%) | 4.6 Mar 2024 | quarterly | Mar 2001 - Mar 2024 |
| Mauritius (%) | 7.4 Sep 2022 | quarterly | Mar 2001 - Sep 2022 |
| Mexico (%) | 3.7 Dec 2022 | quarterly | Mar 1981 - Dec 2022 |
| Moldova (%) | -10.3 Sep 2022 | quarterly | Mar 1996 - Sep 2022 |
| Mongolia (%) | 7.7 Dec 2022 | quarterly | Mar 2011 - Dec 2022 |
| Montenegro (%) | 2.9 Dec 2024 | quarterly | Mar 2011 - Dec 2024 |
| Morocco (%) | 0.5 Dec 2022 | quarterly | Mar 2008 - Dec 2022 |
| Mozambique (%) | 2.0 Dec 2018 | quarterly | Jun 2007 - Dec 2018 |
| Myanmar (%) | 3.3 2023 | yearly | 2011 - 2023 |
| Nepal (%) | 0.2 Sep 2024 | quarterly | Dec 2004 - Sep 2024 |
| Netherlands (%) | 2.1 Mar 2023 | quarterly | Mar 1997 - Mar 2023 |
| New Zealand (%) | 1.8 Mar 2023 | quarterly | Jun 1983 - Mar 2023 |
| Nigeria (%) | 2.3 Mar 2023 | quarterly | Mar 2011 - Mar 2023 |
| Norway (%) | 1.8 Dec 2022 | quarterly | Mar 1979 - Dec 2022 |
| Oman (%) | 3.1 2021 | yearly | 1999 - 2021 |
| Pakistan (%) | 1.7 2023 | yearly | 2001 - 2023 |
| Palestinian Territory (%) | 3.5 Sep 2024 | quarterly | Jun 2000 - Sep 2024 |
| Panama (%) | 9.5 Sep 2022 | quarterly | Mar 2008 - Sep 2022 |
| Paraguay (%) | 5.2 Mar 2023 | quarterly | Mar 1995 - Mar 2023 |
| Peru (%) | -0.4 Mar 2023 | quarterly | Mar 1981 - Mar 2023 |
| Philippines (%) | 7.1 Dec 2022 | quarterly | Mar 1999 - Dec 2022 |
| Poland (%) | 0.4 Dec 2022 | quarterly | Mar 1996 - Dec 2022 |
| Portugal (%) | 1.8 Jun 2019 | quarterly | Mar 1996 - Jun 2019 |
| Qatar (%) | 2.0 Sep 2024 | quarterly | Mar 2012 - Sep 2024 |
| Romania (%) | 2.9 Mar 2023 | quarterly | Mar 1996 - Mar 2023 |
| Russia (%) | -2.6 Mar 2023 | quarterly | Mar 1996 - Mar 2023 |
| Saudi Arabia (%) | -3.7 Dec 2023 | quarterly | Mar 2011 - Dec 2023 |
| Serbia (%) | 4.5 Sep 2019 | quarterly | Mar 1997 - Sep 2019 |
| Singapore (%) | 0.4 Mar 2023 | quarterly | Mar 1976 - Mar 2023 |
| Slovakia (%) | 1.2 Dec 2022 | quarterly | Mar 1994 - Dec 2022 |
| Slovenia (%) | 1.1 Dec 2024 | quarterly | Mar 1996 - Dec 2024 |
| South Africa (%) | 1.3 Dec 2022 | quarterly | Mar 1961 - Dec 2022 |
| Spain (%) | 2.7 Dec 2022 | quarterly | Mar 1996 - Dec 2022 |
| Sri Lanka (%) | -12.4 Dec 2022 | quarterly | Mar 2011 - Dec 2022 |
| Sudan (%) | -1.9 2021 | yearly | 1983 - 2021 |
| Sweden (%) | -0.1 Dec 2022 | quarterly | Mar 1982 - Dec 2022 |
| Switzerland (%) | 0.7 Mar 2023 | quarterly | Mar 1966 - Mar 2023 |
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Learn more about what we doLaos Key Series
| Foreign Trade | Last | Frequency | Range |
|---|---|---|---|
| Forecast: Exports of Goods Growth (%) | 6.726 2028 | yearly | 1980 - 2028 |
| Trade Balance (USD mn) | 178.6 Sep 2024 | quarterly | Dec 1992 - Sep 2024 |
| Total Exports (USD mn) | 2,217.9 Sep 2024 | quarterly | Mar 2004 - Sep 2024 |
| Total Exports Growth (%) | 2.4 Sep 2024 | quarterly | Mar 2005 - Sep 2024 |
| Aluminum: Exports (USD th) | 1,135.414 2023 | yearly | 1995 - 2023 |
| Exports: Medicament (USD th) | 330.538 2023 | yearly | 1995 - 2023 |
| Exports: Medicinal and Pharmaceutical Product (USD th) | 218.709 2023 | yearly | 1995 - 2023 |
| Total Imports (USD mn) | 2,039.2 Sep 2024 | quarterly | Mar 2004 - Sep 2024 |
| Total Imports Growth (%) | 4.4 Sep 2024 | quarterly | Mar 2005 - Sep 2024 |
| Imports: Medicament (USD th) | 29,719.658 2023 | yearly | 1995 - 2023 |
| Imports: Medicinal and Pharmaceutical Product (USD th) | 31,997.651 2023 | yearly | 1995 - 2023 |
| Total Exports to USA (USD mn) | 9.873 Nov 2024 | monthly | Feb 2005 - Nov 2024 |
| Total Imports from USA (USD mn) | 15.888 Nov 2024 | monthly | Aug 2003 - Nov 2024 |
| Total Exports to China (USD mn) | 571.291 Nov 2024 | monthly | Dec 1996 - Nov 2024 |
| Total Imports from China (USD mn) | 110.304 Nov 2024 | monthly | Dec 1996 - Nov 2024 |
| Imports: Foods, Beverages, Pharmaceutical Products & Consumer Goods (USD mn) | 220.430 Sep 2024 | quarterly | Dec 2018 - Sep 2024 |
| Exports: Agricultural Products (USD mn) | 147.760 Sep 2024 | quarterly | Dec 2018 - Sep 2024 |
| Exports: Wood Products, Pulp of Wood and Paper (USD mn) | 194.390 Sep 2024 | quarterly | Dec 2018 - Sep 2024 |
| Imports: Electrical Machinery and Equipment (USD mn) | 259.880 Sep 2024 | quarterly | Dec 2018 - Sep 2024 |
| Imports: Machinery and Mechanical Equipment (USD mn) | 188.310 Sep 2024 | quarterly | Dec 2018 - Sep 2024 |
| Imports: Iron, Steel and Other Metal Products (USD mn) | 153.890 Sep 2024 | quarterly | Dec 2018 - Sep 2024 |
| Imports: Crude Oil, Fuel, Lubricant and Others (USD mn) | 297.920 Sep 2024 | quarterly | Dec 2018 - Sep 2024 |
| Exports: Plastic and Rubber Products (USD mn) | 142.090 Sep 2024 | quarterly | Dec 2018 - Sep 2024 |
| Exports: Mineral Products (USD mn) | 462.100 Sep 2024 | quarterly | Dec 2018 - Sep 2024 |
| Imports: Extra-ASEAN: Japan (USD th) | 93,722.000 2023 | yearly | 2010 - 2023 |
| Exports: Extra-ASEAN: China (USD th) | 2,504,404.000 2023 | yearly | 2007 - 2023 |
| Exports: Intra-ASEAN: Vietnam (USD th) | 1,390,684.000 2023 | yearly | 2007 - 2023 |
| Imports: Extra-ASEAN: EU 27 Countries (USD th) | 101,441.000 2023 | yearly | 2010 - 2023 |
| Imports: Extra-ASEAN: China (USD th) | 1,964,647.000 2023 | yearly | 2010 - 2023 |
| Imports: Intra-ASEAN: Vietnam (USD th) | 532,132.000 2023 | yearly | 2010 - 2023 |
| Exports: Intra-ASEAN: Thailand (USD th) | 2,883,854.000 2023 | yearly | 2007 - 2023 |
| Exports: Extra-ASEAN: India (USD th) | 101,542.000 2023 | yearly | 2008 - 2023 |
| Exports: Extra-ASEAN: EU 27 Countries (USD th) | 269,683.000 2023 | yearly | 2007 - 2023 |
| Imports: Intra-ASEAN: Thailand (USD th) | 3,844,420.000 2023 | yearly | 2010 - 2023 |
| Import Value Index (2015=100) | 110.567 2021 | yearly | 1980 - 2021 |
| Export Volume Index (2015=100) | 99.478 2021 | yearly | 2000 - 2021 |
| Export Value Index (2015=100) | 210.618 2021 | yearly | 1980 - 2021 |
| Import Volume Index (2015=100) | 88.616 2021 | yearly | 2000 - 2021 |
| Balance of Payments | Last | Frequency | Range |
|---|---|---|---|
| Current Account Balance (USD mn) | 64.4 Sep 2024 | quarterly | Mar 1994 - Sep 2024 |
| Current Account Balance: % of GDP (%) | 2.7 2023 | yearly | 1984 - 2023 |
| Foreign Direct Investment (USD mn) | 176.1 Sep 2024 | quarterly | Mar 2001 - Sep 2024 |
| Foreign Direct Investment: % of GDP (%) | 11.9 2023 | yearly | 1988 - 2023 |
| Foreign Portfolio Investment (USD mn) | -132.717 Sep 2024 | quarterly | Mar 1994 - Sep 2024 |
| Foreign Portfolio Investment: % of GDP (%) | -0.3 2023 | yearly | 1984 - 2023 |
| Foreign Portfolio Investment: Equity Securities (USD mn) | 0.0 Sep 2024 | quarterly | Mar 1994 - Sep 2024 |
| Foreign Portfolio Investment: Debt Securities (USD mn) | -132.717 Sep 2024 | quarterly | Mar 1999 - Sep 2024 |
| External Debt (USD mn) | 10,253.1 2023 | yearly | 1996 - 2023 |
| External Debt: % of GDP (%) | 74.2 2023 | yearly | 1996 - 2023 |
| Forecast: Current Account Balance (USD bn) | 0.176 2029 | yearly | 1980 - 2029 |
| BoP: FA: Porfolio Investment (USD mn) | 361.05 Dec 2017 | quarterly | Mar 2004 - Dec 2017 |
| FDI: France (USD th) | 0.000 2021 | yearly | 2000 - 2021 |
| FDI: Thailand (USD th) | 341,152.687 2021 | yearly | 2000 - 2021 |
| FDI: Korea (USD th) | 6,183.504 2021 | yearly | 2000 - 2021 |
| FDI: China (USD th) | 1,254,236.569 2021 | yearly | 2000 - 2021 |
| FDI: Vietnam (USD th) | 176,991.125 2021 | yearly | 2000 - 2021 |
| FDI (USD th) | 7,927,677.215 2019 | yearly | 2010 - 2019 |
| FDI: Electricity, Gas and Air-Conditioning Supply (USD mn) | 711.800 2017 | yearly | 2015 - 2017 |
| FDI: Mining and Quarrying (USD mn) | 126.792 2017 | yearly | 2015 - 2017 |
| FDI: Agriculture, Forestry and Fishing (USD mn) | 381.683 2017 | yearly | 2015 - 2017 |
| Foreign Direct Investment (FDI) (USD mn) | 1,500.203 2023 | yearly | 2000 - 2023 |
| Monetary | Last | Frequency | Range |
|---|---|---|---|
| Non Performing Loans Ratio (%) | 1.8 Sep 2024 | quarterly | Dec 2017 - Sep 2024 |
| Money Supply M1 (USD mn) | 825.869 Sep 2024 | quarterly | Dec 1999 - Sep 2024 |
| Money Supply M2 (USD mn) | 13,972.420 Sep 2024 | quarterly | Dec 1999 - Sep 2024 |
| M2 Growth (%) | 23.3 Sep 2024 | quarterly | Dec 2000 - Sep 2024 |
| Reserve Requirement Ratio (%) | 8.0 Feb 2025 | monthly | Jan 2002 - Feb 2025 |
| Foreign Exchange Reserves (USD mn) | 1,819.3 Jun 2024 | monthly | Dec 1988 - Jun 2024 |
| Foreign Exchange Reserves: Months of Import (NA) | 2.5 Jun 2024 | quarterly | Mar 2004 - Jun 2024 |
| Gold Reserves (USD mn) | 31.692 May 2021 | monthly | Jan 1989 - May 2021 |
| Total Deposits (USD mn) | 15,027.306 Jun 2024 | quarterly | Dec 2004 - Jun 2024 |
| Total Deposits Growth (%) | 36.9 Jun 2024 | quarterly | Dec 2005 - Jun 2024 |
| Domestic Credit (USD mn) | 10,675.1 Sep 2024 | quarterly | Dec 1991 - Sep 2024 |
| Domestic Credit Growth (%) | 21.3 Sep 2024 | quarterly | Dec 1992 - Sep 2024 |
| Total Loans (USD mn) | 9,211.862 Sep 2024 | quarterly | Dec 2004 - Sep 2024 |
| Total Loans Growth (%) | 20.94 Sep 2024 | quarterly | Dec 2005 - Sep 2024 |
| Private Debt: % of Nominal GDP (%) | 56.65 2023 | yearly | 2012 - 2023 |
| Monetary Survey: Narrow Money (M1) (LAK bn) | 16,961.698 Sep 2024 | quarterly | Dec 1991 - Sep 2024 |
| Monetary Survey: Broad Money (M2) (LAK bn) | 286,965.565 Sep 2024 | quarterly | Dec 1991 - Sep 2024 |
| Reserve Requirement Rate: LAK (%) | 8.000 2024 | yearly | 1989 - 2024 |
| Commercial Banks (CB): Deposits (LAK bn) | 309,487.370 Jun 2024 | quarterly | Dec 2004 - Jun 2024 |
| Commercial Banks (CB): Loans: Total (LAK bn) | 189,193.228 Sep 2024 | quarterly | Dec 2004 - Sep 2024 |
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