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Indicators of economy in Laos

The essential economic performance of a country is reflected by the gross domestic product. So the total of all goods and services sold. Worldwide gross domestic product in 2020 was at about 10.922 US Dollar per capita. In contrast, the GDP in Laos reached 2.630 US dollars per inhabitant, or 19.14 bn US Dollar in the whole country. Laos is one of the smaller economies and is currently ranked 115. If this is calculated per inhabitant taking into account the purchasing power parity, then Laos is in the list of the world's richest countries in place 114.

Inflation in Laos was in 2020 at around 5.10%. For the the EU, the average of the same was year at 0.50%.

Compared to Germany, the prices for convenience goods are approximately 59.89% lower.
The Corruption Perceptions Index for the public sector counts 29 and is compared to other countries very bad.


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Unemployment rates in percent 1991 - 2020

Economic performance 2020

 Laos
Total
Laos
per capita
EU
Total
EU
per capita
GDP19.14 bn USD2,630.20 USD15,192.65 tn USD29,499.72 USD
Gross national product18.02 bn USD2,477.03 USD16,012.29 tn USD31,091.23 USD


Development of the Gross domestic product in billion US Dollar 1984 - 2020



Im- and Exports 2019

 Laos
Total
Laos
per capita
EU
Total
EU
per capita
Imports7.52 bn USD1,033.35 USD7,314.16 bn USD14,201.97 USD
Exports6.99 bn USD960.09 USD7,834.94 bn USD15,213.17 USD


Development of imports and exports in million US dollars 1984 - 2019

Exports
Imports



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