Laos Real GDP Growth
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
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country/region | Last | Frequency | Range |
---|---|---|---|
Albania (%) | 4.7 Dec 2022 | quarterly | Mar 2010 - Dec 2022 |
Algeria (%) | 3.4 Dec 2023 | quarterly | Mar 2000 - Dec 2023 |
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 (%) | 1.1 Dec 2023 | quarterly | Mar 2001 - Dec 2023 |
Bahrain (%) | 3.9 Dec 2023 | quarterly | Mar 2009 - Dec 2023 |
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 (%) | 0.5 Sep 2023 | quarterly | Jun 2006 - Sep 2023 |
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 Dec 2023 | quarterly | Mar 2011 - Dec 2023 |
Kuwait (%) | 0.3 Sep 2023 | quarterly | Jun 2010 - Sep 2023 |
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 (%) | -25.9 2020 | yearly | 2005 - 2020 |
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 (%) | 4.3 Dec 2023 | quarterly | Mar 2001 - Dec 2023 |
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 (%) | 4.3 Dec 2023 | quarterly | Mar 2011 - Dec 2023 |
Morocco (%) | 0.5 Dec 2022 | quarterly | Mar 2008 - Dec 2022 |
Mozambique (%) | 2.0 Dec 2018 | quarterly | Jun 2007 - Dec 2018 |
Myanmar (%) | 3.5 2022 | yearly | 2011 - 2022 |
Nepal (%) | 0.7 Dec 2023 | quarterly | Dec 2004 - Dec 2023 |
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 (%) | -29.3 Dec 2023 | quarterly | Jun 2000 - Dec 2023 |
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 (%) | 1.0 Jun 2023 | quarterly | Mar 2012 - Jun 2023 |
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 (%) | 2.6 Dec 2023 | quarterly | Mar 1996 - Dec 2023 |
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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Foreign Trade | Last | Frequency | Range |
---|---|---|---|
Forecast: Exports of Goods Growth (%) | 6.726 2028 | yearly | 1980 - 2028 |
Trade Balance (USD mn) | -170.9 Dec 2023 | quarterly | Dec 1992 - Dec 2023 |
Total Exports (USD mn) | 1,917.4 Dec 2023 | quarterly | Mar 2004 - Dec 2023 |
Total Exports Growth (%) | -2.8 Dec 2023 | quarterly | Mar 2005 - Dec 2023 |
Aluminum: Exports (USD th) | 1,115.303 2022 | yearly | 1995 - 2022 |
Exports: Medicament (USD th) | 353.170 2022 | yearly | 1995 - 2022 |
Exports: Medicinal and Pharmaceutical Product (USD th) | 304.331 2022 | yearly | 1995 - 2022 |
Total Imports (USD mn) | 2,088.3 Dec 2023 | quarterly | Mar 2004 - Dec 2023 |
Total Imports Growth (%) | 10.5 Dec 2023 | quarterly | Mar 2005 - Dec 2023 |
Imports: Medicament (USD th) | 30,246.773 2022 | yearly | 1995 - 2022 |
Imports: Medicinal and Pharmaceutical Product (USD th) | 37,533.232 2022 | yearly | 1995 - 2022 |
Total Exports to USA (USD mn) | 26.255 Jan 2024 | monthly | Feb 2005 - Jan 2024 |
Total Imports from USA (USD mn) | 2.271 Jan 2024 | monthly | Aug 2003 - Jan 2024 |
Total Exports to China (USD mn) | 336.420 Jan 2024 | monthly | Dec 1996 - Jan 2024 |
Total Imports from China (USD mn) | 402.930 Jan 2024 | monthly | Dec 1996 - Jan 2024 |
Exports: Mineral Products (USD mn) | 630.430 Sep 2023 | quarterly | Dec 2018 - Sep 2023 |
Exports: Wood Products, Pulp of Wood and Paper (USD mn) | 197.440 Sep 2023 | quarterly | Dec 2018 - Sep 2023 |
Exports: Plastic and Rubber Products (USD mn) | 97.010 Sep 2023 | quarterly | Dec 2018 - Sep 2023 |
Imports: Crude Oil, Fuel, Lubricant and Others (USD mn) | 303.650 Sep 2023 | quarterly | Dec 2018 - Sep 2023 |
Imports: Iron, Steel and Other Metal Products (USD mn) | 178.270 Sep 2023 | quarterly | Dec 2018 - Sep 2023 |
Exports: Agricultural Products (USD mn) | 108.540 Sep 2023 | quarterly | Dec 2018 - Sep 2023 |
Imports: Machinery and Mechanical Equipment (USD mn) | 148.870 Sep 2023 | quarterly | Dec 2018 - Sep 2023 |
Imports: Electrical Machinery and Equipment (USD mn) | 232.170 Sep 2023 | quarterly | Dec 2018 - Sep 2023 |
Imports: Foods, Beverages, Pharmaceutical Products & Consumer Goods (USD mn) | 260.310 Sep 2023 | quarterly | Dec 2018 - Sep 2023 |
Exports: Extra-ASEAN: India (USD th) | 102,124.000 2022 | yearly | 2008 - 2022 |
Balance of Payments | Last | Frequency | Range |
---|---|---|---|
Current Account Balance (USD mn) | -90.1 Dec 2023 | quarterly | Mar 1994 - Dec 2023 |
Current Account Balance: % of GDP (%) | -3.0 2022 | yearly | 1984 - 2022 |
Foreign Direct Investment (USD mn) | 394.2 Dec 2023 | quarterly | Mar 2001 - Dec 2023 |
Foreign Direct Investment: % of GDP (%) | 4.7 2022 | yearly | 1988 - 2022 |
Foreign Portfolio Investment (USD mn) | -100.146 Dec 2023 | quarterly | Mar 1994 - Dec 2023 |
Foreign Portfolio Investment: % of GDP (%) | 0.9 2022 | yearly | 1984 - 2022 |
Foreign Portfolio Investment: Equity Securities (USD mn) | 0.0 Dec 2023 | quarterly | Mar 1994 - Dec 2023 |
Foreign Portfolio Investment: Debt Securities (USD mn) | -100.180 Dec 2023 | quarterly | Mar 1999 - Dec 2023 |
External Debt (USD mn) | 10,234.8 2022 | yearly | 1996 - 2022 |
External Debt: % of GDP (%) | 68.0 2022 | yearly | 1996 - 2022 |
Forecast: Current Account Balance (USD bn) | -1.018 2028 | yearly | 1980 - 2028 |
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: Korea (USD th) | 6,183.504 2021 | yearly | 2000 - 2021 |
FDI: China (USD th) | 1,254,236.569 2021 | yearly | 2000 - 2021 |
FDI: Thailand (USD th) | 341,152.687 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: Agriculture, Forestry and Fishing (USD mn) | 381.683 2017 | yearly | 2015 - 2017 |
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 |
Foreign Direct Investment (FDI) (USD mn) | 976.474 2022 | yearly | 2000 - 2022 |
Monetary | Last | Frequency | Range |
---|---|---|---|
Non Performing Loans Ratio (%) | 1.4 Dec 2023 | quarterly | Dec 2017 - Dec 2023 |
Money Supply M1 (USD mn) | 1,038.082 Dec 2023 | quarterly | Dec 1999 - Dec 2023 |
Money Supply M2 (USD mn) | 13,202.831 Dec 2023 | quarterly | Dec 1999 - Dec 2023 |
M2 Growth (%) | 33.3 Dec 2023 | quarterly | Dec 2000 - Dec 2023 |
Reserve Requirement Ratio (%) | 8.0 Apr 2024 | monthly | Jan 2002 - Apr 2024 |
Foreign Exchange Reserves (USD mn) | 1,782.0 Sep 2023 | monthly | Dec 1988 - Sep 2023 |
Foreign Exchange Reserves: Months of Import (NA) | 2.7 Sep 2023 | quarterly | Mar 2004 - Sep 2023 |
Gold Reserves (USD mn) | 31.692 May 2021 | monthly | Jan 1989 - May 2021 |
Total Deposits (USD mn) | 12,890.616 Sep 2023 | quarterly | Dec 2004 - Sep 2023 |
Total Deposits Growth (%) | 33.2 Sep 2023 | quarterly | Dec 2005 - Sep 2023 |
Domestic Credit (USD mn) | 9,997.4 Dec 2023 | quarterly | Dec 1991 - Dec 2023 |
Domestic Credit Growth (%) | 23.4 Dec 2023 | quarterly | Dec 1992 - Dec 2023 |
Total Loans (USD mn) | 8,667.662 Dec 2023 | quarterly | Dec 2004 - Dec 2023 |
Total Loans Growth (%) | 29.19 Dec 2023 | quarterly | Dec 2005 - Dec 2023 |
Private Debt: % of Nominal GDP (%) | 54.41 2022 | yearly | 2012 - 2022 |
Monetary Survey: Narrow Money (M1) (LAK bn) | 19,891.731 Dec 2023 | quarterly | Dec 1991 - Dec 2023 |
Monetary Survey: Broad Money (M2) (LAK bn) | 252,992.649 Dec 2023 | quarterly | Dec 1991 - Dec 2023 |
Reserve Requirement Rate: LAK (%) | 8.000 2023 | yearly | 1989 - 2023 |
Commercial Banks (CB): Deposits (LAK bn) | 245,282.640 Sep 2023 | quarterly | Dec 2004 - Sep 2023 |
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