Economy of Laos. Statistics, Data and Indicators
Laos
| N/AN/A | Credit rank # |
| N/A | Quality of life # |
| 126 | Corruption rank#123 |
| 154 | Ease of doing business#136 |
Laos Major Economic Indicators
| Indicator | Data | Period |
|---|---|---|
| GDP Value | 18.83 USD Billion | 2021 |
| GDP Annual Growth Rate | 3.5 % | 2021 |
| GDP per capita | 2566 USD | 2021 |
| Inflation Rate YoY | 39.27 % | Dec/22 |
| Interest Rate | 6.5 % | Dec/22 |
| Unemployment Rate | 1.3 % | 2021 |
| Balance of Trade | 25.82 USD Million | 0.026 B USD | 3Q/22 |
| Current Account | -153 USD Million | -0.153 B USD | 3Q/22 |
| Foreign Exchange Reserves | 1075 USD Million | 1.075 B USD | 3Q/22 |
GDP Indicators
| Indicator | Data | Period |
|---|---|---|
| GDP Value | 18.83 USD Billion | 2021 |
| GDP Annual Growth Rate | 3.5 % | 2021 |
| GDP per capita | 2566 USD | 2021 |
| GDP Constant Prices | 139408 LAK Billion | 8.293 B USD | 2021 |
| GDP per capita PPP | 7896 USD | 2021 |
| GDP From Agriculture | 18855 LAK Billion | 1.122 B USD | 2021 |
| GDP From Construction | 14777 LAK Billion | 0.879 B USD | 2021 |
| GDP From Manufacturing | 12348 LAK Billion | 0.735 B USD | 2021 |
| GDP From Mining | 8362 LAK Billion | 0.497 B USD | 2021 |
| GDP From Public Administration | 8379 LAK Billion | 0.498 B USD | 2021 |
| GDP From Services | 52493 LAK Billion | 3.123 B USD | 2021 |
| GDP From Transport | 1897 LAK Billion | 0.113 B USD | 2021 |
| GDP From Utilities | 18499 LAK Billion | 1.1 B USD | 2021 |
Budget Indicators
| Indicator | Data | Period |
|---|---|---|
| Government Debt to GDP | 53.81 % | 2021 |
| Government Budget Value | -2329 LAK Billion | -0.139 B USD | 2021 |
| Government Revenues | 27178 LAK Billion | 1.617 B USD | 2021 |
| Fiscal Expenditure | 29507 LAK Billion | 1.755 B USD | 2021 |
| Government Budget to GDP | -1.3 % | 2021 |
| Military Expenditure | 23.3 USD Million | 0.02 B USD | 2013 |
Inflation Indicators
| Indicator | Data | Period |
|---|---|---|
| Consumer Price Index (CPI) | 166 index points | Dec/22 |
| Food Inflation | 45.3 % | Dec/22 |
| Inflation Rate YoY | 39.27 % | Dec/22 |
Trade Indicators
| Indicator | Data | Period |
|---|---|---|
| Current Account to GDP | 2.35 % | 2021 |
| Balance of Trade | 25.82 USD Million | 0.026 USD Billion | 3Q/22 |
| Current Account | -153 USD Million | -0.153 USD Billion | 3Q/22 |
| Exports | 1909 USD Million | 1.909 USD Billion | 3Q/22 |
| External Debt | 10213 USD Million | 10.213 B USD | 2021 |
| Foreign Exchange Reserves | 1075 USD Million | 1.075 USD Billion | 3Q/22 |
| Imports | 1883 USD Million | 1.883 USD Billion | 3Q/22 |
| Tourism Revenues | 213 USD Million | 0.213 B USD | 2020 |
| Tourist Arrivals | 886447 Persons | 0.886 Million Persons | 2020 |
Money Indicators
| Indicator | Data | Period |
|---|---|---|
| Gold Reserves | 0.88 Tonnes | 3Q/20 |
| Interest Rate | 6.5 % | Dec/22 |
| Money Supply M0 | 13386 LAK Billion | 0.796 B USD | 2021 |
| Money Supply M2 | 138724 LAK Billion | 8.252 B USD | 2021 |
| Foreign Direct Investment | -116 USD Million | -0.116 B USD | 3Q/22 |
Labor Indicators
| Indicator | Data | Period |
|---|---|---|
| Unemployment Rate | 1.3 % | 2021 |
Taxes
| Indicator | Data | Period |
|---|---|---|
| Corporate Tax Rate | 20 % | 2022 |
| Personal Income Tax Rate | 25 % | 2022 |
| Sales Tax Rate | 10 % | 2022 |
| Social Security Rate | 11.5 % | 2022 |
| Social Security Rate For Companies | 6 % | 2022 |
| Social Security Rate For Employees | 5.5 % | 2022 |
Business Indicators
| Indicator | Data | Period |
|---|---|---|
| Corruption Index | 31 index points | 2022 |
| Corruption Rank | 126 place | 2022 |
| Ease of Doing Business | 154 place | 2019 |
| Competitiveness Index | 50.1 Index Points | 2019 |
| Competitiveness Rank | 113 | 2019 |
