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 | 15.72 USD Billion | 2022 |
| GDP Annual Growth Rate | 4.8 % | 2023 |
| GDP per capita | 2599 USD | 2022 |
| Inflation Rate YoY | 25.88 % | Aug/23 |
| Interest Rate | 7.5 % | Sep/23 |
| Unemployment Rate | 2.6 % | 2022 |
| Balance of Trade | 200 USD Million | 0.2 B USD | 2Q/23 |
| Current Account | 66.98 USD Million | 0.067 B USD | 2Q/23 |
| Foreign Exchange Reserves | 1529 USD Million | 1.529 B USD | 2Q/23 |
GDP Indicators
| Indicator | Data | Period |
|---|---|---|
| GDP Value | 15.72 USD Billion | 2022 |
| GDP Annual Growth Rate | 4.8 % | 2023 |
| GDP per capita | 2599 USD | 2022 |
| GDP Constant Prices | 145574 LAK Billion | 7.109 B USD | 2022 |
| GDP per capita PPP | 7948 USD | 2022 |
| GDP From Agriculture | 19488 LAK Billion | 0.952 B USD | 2022 |
| GDP From Construction | 15834 LAK Billion | 0.773 B USD | 2022 |
| GDP From Manufacturing | 12928 LAK Billion | 0.631 B USD | 2022 |
| GDP From Mining | 8596 LAK Billion | 0.42 B USD | 2022 |
| GDP From Public Administration | 8760 LAK Billion | 0.428 B USD | 2022 |
| GDP From Services | 55103 LAK Billion | 2.691 B USD | 2022 |
| GDP From Transport | 2443 LAK Billion | 0.119 B USD | 2022 |
| GDP From Utilities | 18999 LAK Billion | 0.928 B USD | 2022 |
Budget Indicators
| Indicator | Data | Period |
|---|---|---|
| Government Debt to GDP | 68.01 % | 2022 |
| Government Budget Value | -736 LAK Billion | -0.036 B USD | 2022 |
| Government Revenues | 32487 LAK Billion | 1.587 B USD | 2022 |
| Fiscal Expenditure | 33223 LAK Billion | 1.622 B USD | 2022 |
| Government Budget to GDP | -0.3 % | 2022 |
| Military Expenditure | 23.3 USD Million | 0.02 B USD | 2013 |
Inflation Indicators
| Indicator | Data | Period |
|---|---|---|
| Consumer Price Index (CPI) | 195 index points | Aug/23 |
| Food Inflation | 31.85 % | Aug/23 |
| Inflation Rate YoY | 25.88 % | Aug/23 |
Trade Indicators
| Indicator | Data | Period |
|---|---|---|
| Current Account to GDP | -0.07 % | 2022 |
| Balance of Trade | 200 USD Million | 0.2 USD Billion | 2Q/23 |
| Current Account | 66.98 USD Million | 0.067 USD Billion | 2Q/23 |
| Exports | 2038 USD Million | 2.038 USD Billion | 2Q/23 |
| External Debt | 10235 USD Million | 10.235 B USD | 2022 |
| Foreign Exchange Reserves | 1529 USD Million | 1.529 USD Billion | 2Q/23 |
| Imports | 1837 USD Million | 1.837 USD Billion | 2Q/23 |
| Tourism Revenues | 264 USD Million | 0.264 B USD | 2022 |
| Tourist Arrivals | 1294365 Persons | 1.294 Million Persons | 2022 |
Money Indicators
| Indicator | Data | Period |
|---|---|---|
| Gold Reserves | 0.88 Tonnes | 3Q/20 |
| Interest Rate | 7.5 % | Sep/23 |
| Money Supply M0 | 12662 LAK Billion | 0.618 B USD | 2022 |
| Money Supply M2 | 189849 LAK Billion | 9.271 B USD | 2022 |
| Foreign Direct Investment | 305 USD Million | 0.305 B USD | 2Q/23 |
Labor Indicators
| Indicator | Data | Period |
|---|---|---|
| Unemployment Rate | 2.6 % | 2022 |
Taxes
| Indicator | Data | Period |
|---|---|---|
| Corporate Tax Rate | 20 % | 2023 |
| Personal Income Tax Rate | 25 % | 2023 |
| Sales Tax Rate | 10 % | 2023 |
| Social Security Rate | 11.5 % | 2023 |
| Social Security Rate For Companies | 6 % | 2023 |
| Social Security Rate For Employees | 5.5 % | 2023 |
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 |
