Lao PDR: Trade (% of GDP)
In , Lao PDR's Trade (% of GDP) was 75.09.
That's down 12.5% from 2015, the highest value since .
The global average for this indicator in 2016 was 92.19 .
Source: World Bank Open Data (NE.TRD.GNFS.ZS) • Data as of 2016
Trend (2005–2016)
- 2008 · Global financial crisis
- 2014 · Oil price collapse
Highlights
- Peak
- 99.06
- Trough
- 71.79
- 1-year change
- -12.5%
- 5-year change
- -18.1%
- -3.9% / yr
- 10-year change
- -8.4%
- -0.9% / yr
Historical Data — Last 10 Years
| Year | Trade (% of GDP) |
|---|---|
| 75.0919 | |
| 85.7983 | |
| 99.0597 | |
| 98.1791 | |
| 98.1851 | |
| 91.6987 | |
| 84.7203 | |
| 76.9308 | |
| 81.8492 | |
| 79.2126 |
About Trade (% of GDP)
Trade is the sum of exports and imports of goods and services. 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.TRD.GNFS.ZS • Category: Economy
Frequently asked questions
- What was Lao PDR's Trade (% of GDP) in 2016?
- In 2016, Lao PDR's Trade (% of GDP) was 75.09, according to World Bank Open Data.
- Is Lao PDR's Trade (% of GDP) rising or falling?
- Lao PDR's Trade (% of GDP) fell 12.5% from 2015 to 2016.
- How does Lao PDR's Trade (% of GDP) compare to the world average?
- The global average for Trade (% of GDP) in 2016 was 92.19, so Lao PDR is below the world average.
- What is Trade (% of GDP) and how is it measured?
- Trade is the sum of exports and imports of goods and services. 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.TRD.GNFS.ZS), CC BY 4.0.