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Label. Current GDP Annual Growth Rate (%) 9.8% 10.3% 8.9% 8.9% 6.5% Real GDP (LCU Billions, … The statistic shows the growth in real GDP in Laos from 2009 to 2018, with projections up until 2021. As a result, Laos started to exploit its hydropower, precious metals and wood resources. The most unreliable economic data is produced in Argentina which has manipulated inflation and GDP statistics since 2007. In spite of the recent developments, the government relies extensively on foreign aid to fund its budget and infrastructure development. The Trading Economics Application Programming Interface (API) provides direct access to our data. {"2005":1701138.86, "2006":1848194.80, "2007":1993139.48, "2008":2148299.40, "2009":2309463.78, "2010":2497247.15, "2011":2698038.03, "2012":2911129.08, "2013":3144776.30, "2014":3382339.69, "2015":3628235.78, "2016":3883046.78, "2017":4148336.54, "2018":4417978.41, "2019":4626506.99}[{"1970":2.67, "1971":2.80, "1972":2.90, "1973":3.15, "1974":3.26, "1975":3.48, "1976":3.58, "1977":3.51, "1978":3.55, "1979":3.48, "1980":3.82, "1981":4.41, "1982":4.72, "1983":4.94, "1984":5.30, "1985":5.57, "1986":5.84, "1987":5.76, "1988":5.64, "1989":6.44, "1990":6.87, "1991":7.17, "1992":7.57, "1993":8.01, "1994":8.67, "1995":9.28, "1996":9.92, "1997":10.60, "1998":11.02, "1999":11.83, "2000":12.51, "2001":13.23, "2002":14.02, "2003":14.89, "2004":15.93, "2005":17.01, "2006":18.48, "2007":19.93, "2008":21.48, "2009":23.09, "2010":24.97, "2011":26.98, "2012":29.11, "2013":31.45, "2014":33.82, "2015":36.28, "2016":38.83, "2017":41.48, "2018":44.18, "2019":46.27}]{"1971":5.0, "1972":3.5, "1973":8.7, "1974":3.6, "1975":6.7, "1976":3.0, "1977":-2.0, "1978":1.0, "1979":-2.0, "1980":10.0, "1981":15.3, "1982":7.1, "1983":4.7, "1984":7.2, "1985":5.1, "1986":4.9, "1987":-1.4, "1988":-2.0, "1989":14.2, "1990":6.7, "1991":4.3, "1992":5.6, "1993":5.9, "1994":8.2, "1995":7.0, "1996":6.9, "1997":6.9, "1998":4.0, "1999":7.3, "2000":5.8, "2001":5.8, "2002":5.9, "2003":6.2, "2004":7.0, "2005":6.8, "2006":8.6, "2007":7.8, "2008":7.8, "2009":7.5, "2010":8.1, "2011":8.0, "2012":7.9, "2013":8.0, "2014":7.6, "2015":7.3, "2016":7.0, "2017":6.8, "2018":6.5, "2019":4.7} Missing data, out of date base years, disputed population data and the size of the unrecorded informal economy means that international rankings of countries in terms of GDP and GDP per capita are meaningless.The quality of economic data across Asia-Pacific region varies considerably across countries, mainly as a result of lack of statistical capacity.The use of different national income standards across Europe has an impact on cross-country comparability and in some cases leads to an underestimation of GDP. Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices. Laos is one of the poorest countries in the world. In the long-term, the Laos GDP Annual Growth Rate is projected to trend around 5.50 percent in 2021 and 6.50 percent in 2022, according to our econometric models. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds. It is estimated that the application of the latest standard would add US$824 billion.Most American countries use a national income accounting standard that fails to record the informal economy. GDP in Laos averaged 5.23 USD Billion from 1984 until 2019, reaching an all time high of 18.17 USD Billion in 2019 and a record low of 0.60 USD Billion in … The country is heavily dependent on agriculture (33 percent of GDP) as it employs around 80 percent of the population. License: CC BY-4.0 Line Bar Map. None; Aggregates; Same region; Similar values; Highest values; Lowest values; Share Details. World Bank national accounts data, and OECD National Accounts data files. Economic growth in Lao PDR has slowed over the past 5 years. Les valeurs actuelles, des données historiques, des prévisions, des statistiques, des tableaux et le calendrier économique - Laos - Taux de croissance annuel du PIB. 1989-2019 Data | 2020-2022 Forecast | Historical | ChartDownload historical data for 20 million indicators using your browser.Direct access to our calendar releases and historical data. GDP Annual Growth Rate in Laos is expected to reach 0.50 percent by the end of 2020, according to Trading Economics global macro models and analysts expectations. Growth fell from 6.3 percent in 2018 to 4.8 percent in 2019 due primarily to natural disasters that affected the agricultural sector. Also Show.

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