Laos Real GDP Growth
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:
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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| 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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| 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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