Laos GDP Annual Growth Rate  1989-2018 | Data | Chart | Calendar

The Gross Domestic Product (GDP) in Laos expanded 6.90 percent in 2017 from the previous year. GDP Annual Growth Rate in Laos averaged 6.96 percent from 1989 until 2017, reaching an all time high of 9.90 percent in 1989 and a record low of 4 percent in 1991.

Laos GDP Annual Growth Rate
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Laos GDP Last Previous Highest Lowest Unit
GDP Annual Growth Rate 6.90 7.00 9.90 4.00 percent [+]
GDP 16.85 15.81 16.85 0.60 USD Billion [+]
GDP per capita 1730.40 1642.70 1730.40 401.60 USD [+]
GDP per capita PPP 6397.40 6073.20 6397.40 1708.00 USD [+]
Gdp Constant Prices 116422.00 108916.00 116422.00 81610.00 LAK Billion [+]
Gdp From Agriculture 17750.00 17254.00 17750.00 15137.00 LAK Billion [+]
Gdp From Construction 8046.00 6820.00 8046.00 4264.00 LAK Billion [+]
Gdp From Manufacturing 9368.00 8971.00 9368.00 7331.00 LAK Billion [+]
Gdp From Mining 10579.00 11052.00 11052.00 9379.00 LAK Billion [+]
Gdp From Public Administration 7331.00 7128.00 7331.00 6063.00 LAK Billion [+]
Gdp From Services 45926.00 43944.00 45926.00 32768.00 LAK Billion [+]
Gdp From Transport 1715.00 1606.00 1715.00 1148.00 LAK Billion [+]
Gdp From Utilities 12930.00 9824.00 12930.00 5497.00 LAK Billion [+]


Laos GDP Annual Growth Rate

Laos is one of the poorest countries in the world. Still a communist state, in recent years Laos opened its economy to private initiative and foreign direct investments. As a result, Laos started to exploit its hydropower, precious metals and wood resources. The country is heavily dependent on agriculture (33 percent of GDP) as it employs around 80 percent of the population. Tourism (11 percent of GDP) is the second largest earner of foreign currency and is growing rapidly. In spite of the recent developments, the government relies extensively on foreign aid to fund its budget and infrastructure development. This page provides - Laos GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Laos GDP Annual Growth Rate - actual data, historical chart and calendar of releases - was last updated on September of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
6.90 7.00 9.90 4.00 1989 - 2017 percent Yearly




GDP annual growth rate by Country
Country Last
India 8.20 Jun/18
China 6.70 Jun/18
Indonesia 5.27 Jun/18
Turkey 5.20 Jun/18
Singapore 3.90 Jun/18
Australia 3.40 Jun/18
Switzerland 3.40 Jun/18
Netherlands 3.10 Jun/18
United States 2.90 Jun/18
South Korea 2.80 Jun/18
Spain 2.70 Jun/18
Mexico 2.60 Jun/18
Euro Area 2.10 Jun/18
Germany 2.00 Jun/18
Canada 1.90 Jun/18
Russia 1.90 Jun/18
France 1.70 Jun/18
United Kingdom 1.30 Jun/18
Italy 1.20 Jun/18
Saudi Arabia 1.15 Mar/18
Brazil 1.00 Jun/18
Japan 1.00 Jun/18
South Africa 0.40 Jun/18
Argentina -4.20 Jun/18


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