Lao PDR: Imports of goods and services (% of GDP)
In , Lao PDR's Imports of goods and services (% of GDP) was 41.88.
That's down 19.2% from 2015, the highest value since .
The global average for this indicator in 2016 was 47.94 .
Source: World Bank Open Data (NE.IMP.GNFS.ZS) • Data as of 2016
Trend (2005–2016)
- 2008 · Global financial crisis
- 2014 · Oil price collapse
Highlights
- Peak
- 60.31
- Trough
- 41.88
- 1-year change
- -19.2%
- 5-year change
- -18.4%
- -4.0% / yr
- 10-year change
- -4.4%
- -0.4% / yr
Historical Data — Last 10 Years
| Year | Imports of goods and services (% of GDP) |
|---|---|
| 41.8825 | |
| 51.8461 | |
| 58.3052 | |
| 60.0060 | |
| 60.3084 | |
| 51.3555 | |
| 49.3363 | |
| 46.8478 | |
| 48.6951 | |
| 45.5983 |
About Imports of goods and services (% of GDP)
Imports of goods includes change in the economic ownership of goods from non-residents to residents of the compiling economy, irrespective of physical movement of goods across national borders. Imports of services includes services provided by non-residents to residents. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.
Indicator code: NE.IMP.GNFS.ZS • Category: Economy
Frequently asked questions
- What was Lao PDR's Imports of goods and services (% of GDP) in 2016?
- In 2016, Lao PDR's Imports of goods and services (% of GDP) was 41.88, according to World Bank Open Data.
- Is Lao PDR's Imports of goods and services (% of GDP) rising or falling?
- Lao PDR's Imports of goods and services (% of GDP) fell 19.2% from 2015 to 2016.
- How does Lao PDR's Imports of goods and services (% of GDP) compare to the world average?
- The global average for Imports of goods and services (% of GDP) in 2016 was 47.94, so Lao PDR is below the world average.
- What is Imports of goods and services (% of GDP) and how is it measured?
- Imports of goods includes change in the economic ownership of goods from non-residents to residents of the compiling economy, irrespective of physical movement of goods across national borders. Imports of services includes services provided by non-residents to residents. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.
Source: World Bank Open Data (NE.IMP.GNFS.ZS), CC BY 4.0.