Economic Trivia

Laos' economy is heavily dependent on capital-intensive natural resource exports.

Trade Source: United Nations Comtrade
Note: Top 3 trade partners are calculated by imports + exports.

Top 3 Trade Partners (2016): Thailand, China, and Vietnam
Top 3 Exported Goods (2016): Ores, Copper, and Electrical Machinery

Top Industries Source: CIA World Factbook

Mining (Copper, Tin, Gold, Gypsum); Timber; Electric Power; Agricultural Processing

Gross Domestic Product (GDP) [1]

GDP, PPP (current international) $52,546,649,233 (2018)
GDP Growth Rate (annual %) 6.501% (2018)
GDP Per Capita, PPP (current international) $7,441 (2018)
Click on a row to display its 5-year graph on the right.

GDP Country Rank 109/196 (2018)

GDP Composition %

Note: GDP composition percentage may exceed 100. Manufacturing is included in the Industry figures and is also reported separately because it plays a critical role in many economies.

Economic Indicators [1]

Inflation, consumer prices (annual %) 2.04% (2018)
External debt stocks, total (DOD, current US$) $15,587,687,667 (2018)
Total tax rate (% of commercial profits) 24.1% (2019)
Real Interest Rate (5 year average %) 12.286% (2010)
Manufacturing, value added (% of GDP) 7.353% (2018)
Current Account Balance (BoP, current US$) ($1,430,372,876) (2018)
Click on a row to display its 5-year graph on the right.

Labor and Employment [1]

Labor Force, Total 3,800,051 (2019)
Employment in Agriculture (% of total employment) 67.689% (2019)
Employment in Industry (% of total employment) 9.147% (2019)
Employment in Services (% of total employment) 23.164% (2019)
Unemployment Rate 0.574% (2019)
Click on a row to display its 5-year graph on the right.

Trade [1]

Imports of goods and services (current US$) $6,991,688,265 (2017)
Exports of goods and services (current US$) $5,787,433,703 (2017)
Total Merchandise Trade (% of GDP) 63.98% (2018)
FDI, net inflows (BoP, current US$) $1,319,609,797 (2018)
Commercial Service Exports (current US$) $914,421,820 (2018)
Click on a row to display its 5-year graph on the right.

Economic Snapshot [1]

Note: Percentile ranks are calculated using the latest available data for all countries within the last 5 years.

How to interpret the graph: The purpose of this graph is to take a snapshot of a country’s economy in comparison to other economies. For example, Laos’s Exports rank is higher than (please wait...) of the countries in the dataset. For Exports, FDI and GDP measures, a higher rank (closer to 100%) indicates a stronger economy. Conversely, for Unemployment and Inflation, a lower rank (closer to 0%) indicates a stronger economy.

Due to unavailable data the following indicators have been omitted:
  • Exports
  • FDI, net inflows
  • GDP Growth Rate
  • GDP Per Capita
  • Inflation
  • Unemployment

Sources

  1. The World Bank