Economy of Laos. Statistics, Data and Indicators
Laos
| N/AN/A | Credit rank # |
| N/A | Quality of life # |
| 128 | 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 | 0.4 % | 2020 |
| GDP per capita | 2582 USD | 2021 |
| Inflation Rate YoY | 30.1 % | Aug/22 |
| Interest Rate | 3.1 % | Aug/22 |
| Unemployment Rate | 1.3 % | 2021 |
| Balance of Trade | 311 USD Million | 0.311 B USD | 4Q/21 |
| Current Account | 71.96 USD Million | 0.072 B USD | 4Q/21 |
| Foreign Exchange Reserves | 1263 USD Million | 1.263 B USD | 4Q/21 |
GDP Indicators
| Indicator | Data | Period |
|---|---|---|
| GDP Value | 18.83 USD Billion | 2021 |
| GDP Annual Growth Rate | 0.4 % | 2020 |
| GDP per capita | 2582 USD | 2021 |
| GDP Constant Prices | 134720 LAK Billion | 8.176 B USD | 2020 |
| GDP per capita PPP | 7896 USD | 2021 |
| GDP From Agriculture | 18404 LAK Billion | 1.117 B USD | 2020 |
| GDP From Construction | 13661 LAK Billion | 0.829 B USD | 2020 |
| GDP From Manufacturing | 11986 LAK Billion | 0.727 B USD | 2020 |
| GDP From Mining | 8233 LAK Billion | 0.5 B USD | 2020 |
| GDP From Public Administration | 8133 LAK Billion | 0.494 B USD | 2020 |
| GDP From Services | 51783 LAK Billion | 3.143 B USD | 2020 |
| GDP From Transport | 1888 LAK Billion | 0.115 B USD | 2020 |
| GDP From Utilities | 17000 LAK Billion | 1.032 B USD | 2020 |
Budget Indicators
| Indicator | Data | Period |
|---|---|---|
| Government Debt to GDP | 55.66 % | 2020 |
| Government Budget Value | -9012 LAK Billion | -0.547 B USD | 2020 |
| Government Revenues | 21846 LAK Billion | 1.326 B USD | 2020 |
| Fiscal Expenditure | 30858 LAK Billion | 1.873 B USD | 2020 |
| Government Budget to GDP | -5.22 % | 2020 |
| Military Expenditure | 23.3 USD Million | 0.02 B USD | 2013 |
Inflation Indicators
| Indicator | Data | Period |
|---|---|---|
| Consumer Price Index (CPI) | 155 index points | Aug/22 |
| Food Inflation | 30.2 % | Aug/22 |
| Inflation Rate YoY | 30.1 % | Aug/22 |
Trade Indicators
| Indicator | Data | Period |
|---|---|---|
| Current Account to GDP | -0.6 % | 2020 |
| Balance of Trade | 311 USD Million | 0.311 USD Billion | 4Q/21 |
| Current Account | 71.96 USD Million | 0.072 USD Billion | 4Q/21 |
| Exports | 1877 USD Million | 1.877 USD Billion | 4Q/21 |
| External Debt | 10610 USD Million | 10.61 B USD | 2020 |
| Foreign Exchange Reserves | 1263 USD Million | 1.263 USD Billion | 4Q/21 |
| Imports | 1566 USD Million | 1.566 USD Billion | 4Q/21 |
| Tourism Revenues | 213 USD Million | 0.213 B USD | 2020 |
| Tourist Arrivals | 894776 Persons | 0.895 Million Persons | 2020 |
Money Indicators
| Indicator | Data | Period |
|---|---|---|
| Gold Reserves | 0.88 Tonnes | 3Q/20 |
| Interest Rate | 3.1 % | Aug/22 |
| Money Supply M0 | 12195 LAK Billion | 0.74 B USD | 2020 |
| Money Supply M2 | 111895 LAK Billion | 6.79 B USD | 2020 |
| Foreign Direct Investment | 208 USD Million | 0.208 B USD | 4Q/21 |
Labor Indicators
| Indicator | Data | Period |
|---|---|---|
| Unemployment Rate | 1.3 % | 2021 |
Taxes
| Indicator | Data | Period |
|---|---|---|
| Corporate Tax Rate | 20 % | 2021 |
| Personal Income Tax Rate | 25 % | 2021 |
| Sales Tax Rate | 10 % | 2021 |
| Social Security Rate | 11.5 % | 2021 |
| Social Security Rate For Companies | 6 % | 2021 |
| Social Security Rate For Employees | 5.5 % | 2021 |
Business Indicators
| Indicator | Data | Period |
|---|---|---|
| Corruption Index | 30 index points | 2021 |
| Corruption Rank | 128 place | 2021 |
| Ease of Doing Business | 154 place | 2019 |
| Competitiveness Index | 50.1 Index Points | 2019 |
| Competitiveness Rank | 113 | 2019 |
