Skip to main content
Home › Countries › Lao PDR › Inflation, GDP deflator (annual %)

Lao PDR: Inflation, GDP deflator (annual %)

In , Lao PDR's Inflation, GDP deflator (annual %) was 14.05.

That's down 42.5% from 2023, the highest value since .

The global average for this indicator in 2024 was 13.69 . Lao PDR ranks #19 globally out of 193 reporting countries. Within East Asia & Pacific, it ranks #1 of 30.

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

Trend (2005–2024)

Lao PDR Inflation, GDP deflator (annual %) trend 2008: Global financial crisis 2020: COVID-19 pandemic 2014: Oil price collapse 2022: Russia–Ukraine war begins
  • 2008 · Global financial crisis
  • 2020 · COVID-19 pandemic
  • 2014 · Oil price collapse
  • 2022 · Russia–Ukraine war begins

Highlights

Peak
24.42
Trough
-2.93
1-year change
-42.5%
5-year change
+1,073.3%
+63.6% / yr
10-year change
+145.3%
+9.4% / yr

Historical Data — Last 10 Years

Year Inflation, GDP deflator (annual %)
14.0489
24.4217
15.7739
3.7134
5.0345
1.1974
1.9199
1.8521
3.0223
2.3485

About Inflation, GDP deflator (annual %)

Inflation as measured by the annual growth rate of the GDP implicit deflator shows the rate of price change in the economy as a whole. The GDP implicit deflator is the ratio of GDP in current local currency to GDP in constant local currency.

Indicator code: NY.GDP.DEFL.KD.ZG • Category: Economy

Frequently asked questions

What was Lao PDR's Inflation, GDP deflator (annual %) in 2024?
In 2024, Lao PDR's Inflation, GDP deflator (annual %) was 14.05, according to World Bank Open Data.
Is Lao PDR's Inflation, GDP deflator (annual %) rising or falling?
Lao PDR's Inflation, GDP deflator (annual %) fell 42.5% from 2023 to 2024.
How does Lao PDR rank globally on Inflation, GDP deflator (annual %)?
In 2024, Lao PDR ranked #19 out of 193 countries reporting Inflation, GDP deflator (annual %).
How does Lao PDR's Inflation, GDP deflator (annual %) compare to the world average?
The global average for Inflation, GDP deflator (annual %) in 2024 was 13.69, so Lao PDR is above the world average. Within East Asia & Pacific, it ranks #1 of 30.
What is Inflation, GDP deflator (annual %) and how is it measured?
Inflation as measured by the annual growth rate of the GDP implicit deflator shows the rate of price change in the economy as a whole. The GDP implicit deflator is the ratio of GDP in current local currency to GDP in constant local currency.
Download this data: CSV JSON

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