General profile: Lao People's Dem. Rep.

GENERAL INFORMATION FOR 2020
Population
Population
Exchange rates
Exchange rate
GDP
GDP
7.276 Millions
9 045.788 LAK/US$
19 277 Millions current US$
Land area
Land area¹
CPI growth (%)
CPI growth
GDP growth
GDP growth
(n) 230 800 km²
5.07 %
0.50 %
INTERNATIONAL MERCHANDISE TRADE
More data on UNCTADstat
+5.3 %
Merchandise exports growth rate in 2020
Total merchandise trade
(millions of US$)
2005
2010
2015
2020
Merchandise exports
553
1 746
3 653
6 115
Merchandise imports
882
2 060
5 675
5 370
Merchandise trade balance
-329
-314
-2 022
745
Export structure by product group in 2020
(as % of total exports)
6 %6 %23 %23 %26 %26 %20 %20 %13 %13 %13 %13 %
Top 5 partners in 2020
(exports, millions of US$)
2 7621 9274231161062 7621 927423116106
INTERNATIONAL TRADE IN SERVICES
More data on UNCTADstat
Total trade in services²
(millions of US$)
2005
2010
2015
2020
Services exports
204
511
844
(e) 347
Services imports
39
263
1 078
(e) 445
Services trade balance
165
248
-234
(e) -99
Services exports by main category²
(as % of total services)
2005
2010
2015
2020
Transport
17.9
10.9
8.0
-
Travel
68.1
74.7
85.8
-
Other services
14.0
14.4
6.2
-
TRADE INDICES
More data on UNCTADstat
15915013713212110064545351473128282819141414151511011211510710010010210310611511598981031059499104107105104
ECONOMIC TRENDS
More data on UNCTADstat
+0.5 %
Gross domestic product growth rate in 2020
Economic indicators
(millions of US$ unless otherwise specified)
2005
2010
2015
2020
GDP, current
2 946
7 313
14 390
19 277
GDP per capita, current US$
512
1 170
2 135
2 650
Real GDP growth, y-on-y, %
6.77
8.13
7.27
0.50
Current account balance, % of GDP
-5.90
0.40
-15.76
-0.60
Exchange rate (/US$)
10 655.167
8 254.163
8 127.611
9 045.788
GDP by expenditure in 2019
(as % of total GDP)
66.113.629.333.842.866.113.629.333.842.8
FDI AND EXTERNAL FINANCIAL RESOURCES
More data on UNCTADstat
..
FDI outflows as % of GDP in 2020
Financial flows
(millions of US$ unless otherwise specified)
2005
2010
2015
2020
FDI inflows
(j) 27.70
(j) 278.80
(j) 1 077.76
(j) 967.71
FDI outflows
-0.09
33.45
39.70
..
Personal remittances, % of GDP
..
..
1.31
1.37
Financial flows trends
(millions of US$)
265.0296.5239.9242.7189.4189.2188.0170.49685571 3201 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
2020
Balance, % of GDP
-5.55
0.17
-15.11
(e) 2.84
Balance, % of imports
-17.77
0.58
-33.36
(e) 9.26
Normalized balance
-0.097
0.003
-0.200
(e) 0.044
Trade openness²
(sum of imports and exports as % of GDP)
64767672717675586256584851516157
LABOUR FORCE
Labour force by gender in 2020
(as % of total labour force, all sectors)
Male
51%Male 51%Female
49%Female 49%
OTHER INDICATORS
More data on UNCTADstat
0 %
Share of the total world merchant fleet in 2020
Maritime transport indicators
 
2005
2010
2015
2020
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
2020
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.
j
Asset/liability basis.
n
Estimated. Data refers to 2016.
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: 05 January 2022