General profile: Lao People's Dem. Rep.

GENERAL INFORMATION FOR 2021
Population
Population
Exchange rates
Exchange rate
GDP
GDP
7.425 Millions
9 697.916 LAK/US$
19 191 Millions current US$
Land area
Land area¹
CPI growth (%)
CPI growth
GDP growth
GDP growth
(q) 230 800 km²
3.75 %
2.05 %
INTERNATIONAL MERCHANDISE TRADE
More data on UNCTADstat
+25.8 %
Merchandise exports growth rate in 2021
Total merchandise trade
(millions of US$)
2005
2010
2015
2021
Merchandise exports
553
1 746
3 653
7 695
Merchandise imports
882
2 060
5 675
6 275
Merchandise trade balance
-329
-314
-2 022
1 419
Export structure by product group in 2021
(as % of total exports)
7 %7 %22 %22 %33 %33 %18 %18 %11 %11 %9 %9 %
Top 5 partners in 2021
(exports, millions of US$)
2 9672 4096983332002 9672 409698333200
INTERNATIONAL TRADE IN SERVICES
More data on UNCTADstat
Total trade in services²
(millions of US$)
2005
2010
2015
2021
Services exports
204
511
844
(e) 125
Services imports
39
263
1 078
(e) 252
Services trade balance
165
248
-234
(e) -127
Services exports by main category²
(as % of total services)
2005
2010
2015
2021
Transport
17.9
10.9
8.0
-
Travel
68.1
74.7
85.8
-
Other services
14.0
14.4
6.2
-
TRADE INDICES
More data on UNCTADstat
16916015013713212110064545351473128282819141414151517011111211410710110010210310611511598981031059499104107105104
ECONOMIC TRENDS
More data on UNCTADstat
+2.0 %
Gross domestic product growth rate in 2021
Economic indicators
(millions of US$ unless otherwise specified)
2005
2010
2015
2021
GDP, current
2 946
7 313
14 390
19 191
GDP per capita, current US$
503
1 157
2 120
2 585
Real GDP growth, y-on-y, %
6.77
8.13
7.27
2.05
Current account balance, % of GDP
-5.90
0.40
-15.76
(e) -0.91
Exchange rate (/US$)
10 655.167
8 254.163
8 127.611
9 697.916
GDP by expenditure in 2020
(as % of total GDP)
66.213.529.434.043.166.213.529.434.043.1
FDI AND EXTERNAL FINANCIAL RESOURCES
More data on UNCTADstat
..
FDI outflows as % of GDP in 2021
Financial flows
(millions of US$ unless otherwise specified)
2005
2010
2015
2021
FDI inflows
27.70
278.80
1 077.76
1 071.91
FDI outflows
-0.09
33.45
39.70
..
Personal remittances, % of GDP
..
..
1.31
..
Financial flows trends
(millions of US$)
265.0296.5239.9242.7189.4189.2188.0170.41 0729687561 3581 6869351 07886868161830127919022832418728171952434FDI Inwards flowsFDI Inwards flowsFDI Inwards flowsMigrant's remittances receiptsMigrant's remittances receiptsMigrant's remittances receipts
TRADE IN GOODS AND SERVICES
More data on UNCTADstat
Trade balance indicators²
(as % and index)
2005
2010
2015
2021
Balance, % of GDP
-5.55
0.17
-15.11
(e) 4.18
Balance, % of imports
-17.77
0.58
-33.36
(e) 11.68
Normalized balance
-0.097
0.003
-0.200
(e) 0.055
Trade openness²
(sum of imports and exports as % of GDP)
7662767672717675586256584851516157
LIVING AREA
Population by living area in 2021
(% of population)
Urban
37%Urban 37%Rural
63%Rural 63%
OTHER INDICATORS
More data on UNCTADstat
0 %
Share of the total world merchant fleet in 2021
Maritime transport indicators
 
2005
2010
2015
2021
Merchant fleet, national flag (thousands of DWT)
..
2
2
2
Liner shipping connectivity index (maximum 2006 = 100 for China)
..
..
..
..
Container port throughput (TEU)
..
..
..
..
Information economy indicators
(as % of)
2005
2010
2015
2021
Share of ICT goods, % of total exports
..
0.08
9.64
..
Share of ICT goods, % of total imports
..
4.55
10.62
..
Share of workforce involved in the ICT sector
..
..
..
..
Source: UNCTADstat (http://unctadstat.unctad.org)
Notes:
1
Land area refers to the total area of a country excluding area under inland water bodies. It differs from the country area, that includes area under inland water bodies, but excludes offshore territorial waters.
2
Statistics presented correspond to the 6th edition of the IMF Balance of Payments and International Investment Position Manual (BPM6, 2009).
e
Estimated.
q
Estimated. Data refers to 2020.
Symbols for missing values:
0
Zero means that the amount is nil or negligible
..
Not available or not separately reported
_
Not applicable
...
Not available, including no quotation
#
Non-relevant calculation
-
Not publishable
***
Negative accumulation of flows; Value included in regional and global totals
Abbreviations & acronyms:
DWT:
Dead weight tons
FDI:
Foreign direct investment
GDP:
Gross domestic product
ICT:
Information and communication technology
TEU:
Twenty foot equivalent unit
US$:
United States dollar
Disclaimer:
The designations employed and the presentation of the material on UNCTADstat do not imply the expression of any opinion whatsoever on the part of the secretariat of the United Nations concerning the legal status of any country, territory, city or area, or of its authorities, or concerning the delimitation of its frontiers or boundaries.
Where the designations "economy" or "country or area" appear in texts or tables, they cover regions, countries, territories, cities or areas.

UNCTAD strives for the highest level of accuracy and is committed to promptly correcting any errors on its part. It does not guarantee or make any express or implied representations regarding the accuracy, reliability, correctness, fitness for use for a particular purpose, or otherwise, whatsoever, of any of the tables in UNCTADstat.
Generation date: 20 October 2022