What was Lao PDR's GDP (constant 2015 US$) in 2024?

In 2024, Lao PDR's GDP (constant 2015 US$) was $21.14 billion, according to World Bank Open Data.

Is Lao PDR's GDP (constant 2015 US$) rising or falling?

Lao PDR's GDP (constant 2015 US$) rose 4.1% from 2023 to 2024.

How does Lao PDR rank globally on GDP (constant 2015 US$)?

In 2024, Lao PDR ranked #117 out of 192 countries reporting GDP (constant 2015 US$).

How does Lao PDR's GDP (constant 2015 US$) compare to the world average?

The global average for GDP (constant 2015 US$) in 2024 was $497.78 billion, so Lao PDR is below the world average. Within East Asia & Pacific, it ranks #17 of 29.

Lao PDR: GDP (constant 2015 US$)

Name: Lao PDR: GDP (constant 2015 US$)
Creator: World Bank
License: https://datacatalog.worldbank.org/public-licenses#cc-by

In 2024, Lao PDR's GDP (constant 2015 US$) was $21.14 billion.

That's up 4.1% from 2023, the highest value on record.

The global average for this indicator in 2024 was $497.78 billion . Lao PDR ranks #117 globally out of 192 reporting countries. Within East Asia & Pacific, it ranks #17 of 29.

Source: World Bank Open Data (NY.GDP.MKTP.KD) • Data as of 2024

Trend (2005–2024)

2008 · Global financial crisis
2020 · COVID-19 pandemic
2014 · Oil price collapse
2022 · Russia–Ukraine war begins

Highlights

Peak: $21.14B; 2024
Trough: $6.74B; 2005
1-year change: +4.1%
5-year change: +14.3%; +2.7% / yr
10-year change: +57.2%; +4.6% / yr

Historical Data — Last 10 Years

Year	GDP (constant 2015 US$)
2024	21.142B
2023	20.304B
2022	19.571B
2021	19.055B
2020	18.585B
2019	18.492B
2018	17.535B
2017	16.504B
2016	15.440B
2015	14.426B

About GDP (constant 2015 US$)

Gross domestic product is the total income earned through the production of goods and services in an economic territory during an accounting period. It can be measured in three different ways: using either the expenditure approach, the income approach, or the production approach. This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment is 2015. This indicator is expressed in United States dollars.

Indicator code: NY.GDP.MKTP.KD • Category: Economy

How to read GDP figures: GDP (Gross Domestic Product) is measured in current US dollars, which means values change both due to real economic growth and currency fluctuations. A more useful comparison across countries is GDP per capita, which divides GDP by population. For growth trends, check GDP growth (annual %).

Frequently asked questions

What was Lao PDR's GDP (constant 2015 US$) in 2024?: In 2024, Lao PDR's GDP (constant 2015 US$) was $21.14 billion, according to World Bank Open Data.
Is Lao PDR's GDP (constant 2015 US$) rising or falling?: Lao PDR's GDP (constant 2015 US$) rose 4.1% from 2023 to 2024.
How does Lao PDR rank globally on GDP (constant 2015 US$)?: In 2024, Lao PDR ranked #117 out of 192 countries reporting GDP (constant 2015 US$).
How does Lao PDR's GDP (constant 2015 US$) compare to the world average?: The global average for GDP (constant 2015 US$) in 2024 was $497.78 billion, so Lao PDR is below the world average. Within East Asia & Pacific, it ranks #17 of 29.
What is GDP (constant 2015 US$) and how is it measured?: Gross domestic product is the total income earned through the production of goods and services in an economic territory during an accounting period. It can be measured in three different ways: using either the expenditure approach, the income approach, or the production approach. This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment is 2015. This indicator is expressed in United States dollars.

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Source: World Bank Open Data (NY.GDP.MKTP.KD), CC BY 4.0.