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The country is heavily dependent on agriculture (33 percent of GDP) as it employs around 80 percent of the population.
The statistic shows the growth in real GDP in Laos from 2009 to 2018, with projections up until 2021. The GDP value of Laos represents 0.02 percent of the world economy. Tourism (11 percent of GDP) is the second largest earner of foreign currency and is growing rapidly.
Also Show. GDP Annual Growth Rate in Laos is expected to reach 0.50 percent by the end of 2020, according to Trading Economics global macro models and analysts expectations. It is estimated that the application of the latest standard would add US$824 billion.Most American countries use a national income accounting standard that fails to record the informal economy. The Gross Domestic Product (GDP) in Laos was worth 18.17 billion US dollars in 2019, according to official data from the World Bank and projections from Trading Economics. Les valeurs actuelles, des données historiques, des prévisions, des statistiques, des tableaux et le calendrier économique - Laos - Taux de croissance annuel du PIB. None; Aggregates; Same region; Similar values; Highest values; Lowest values; Share Details. Still a communist state, in recent years Laos opened its economy to private initiative and foreign direct investments. {"2005":1701138.86, "2006":1848194.80, "2007":1993139.48, "2008":2148299.40, "2009":2309463.78, "2010":2497247.15, "2011":2698038.03, "2012":2911129.08, "2013":3144776.30, "2014":3382339.69, "2015":3628235.78, "2016":3883046.78, "2017":4148336.54, "2018":4417978.41, "2019":4626506.99}[{"1970":2.67, "1971":2.80, "1972":2.90, "1973":3.15, "1974":3.26, "1975":3.48, "1976":3.58, "1977":3.51, "1978":3.55, "1979":3.48, "1980":3.82, "1981":4.41, "1982":4.72, "1983":4.94, "1984":5.30, "1985":5.57, "1986":5.84, "1987":5.76, "1988":5.64, "1989":6.44, "1990":6.87, "1991":7.17, "1992":7.57, "1993":8.01, "1994":8.67, "1995":9.28, "1996":9.92, "1997":10.60, "1998":11.02, "1999":11.83, "2000":12.51, "2001":13.23, "2002":14.02, "2003":14.89, "2004":15.93, "2005":17.01, "2006":18.48, "2007":19.93, "2008":21.48, "2009":23.09, "2010":24.97, "2011":26.98, "2012":29.11, "2013":31.45, "2014":33.82, "2015":36.28, "2016":38.83, "2017":41.48, "2018":44.18, "2019":46.27}]{"1971":5.0, "1972":3.5, "1973":8.7, "1974":3.6, "1975":6.7, "1976":3.0, "1977":-2.0, "1978":1.0, "1979":-2.0, "1980":10.0, "1981":15.3, "1982":7.1, "1983":4.7, "1984":7.2, "1985":5.1, "1986":4.9, "1987":-1.4, "1988":-2.0, "1989":14.2, "1990":6.7, "1991":4.3, "1992":5.6, "1993":5.9, "1994":8.2, "1995":7.0, "1996":6.9, "1997":6.9, "1998":4.0, "1999":7.3, "2000":5.8, "2001":5.8, "2002":5.9, "2003":6.2, "2004":7.0, "2005":6.8, "2006":8.6, "2007":7.8, "2008":7.8, "2009":7.5, "2010":8.1, "2011":8.0, "2012":7.9, "2013":8.0, "2014":7.6, "2015":7.3, "2016":7.0, "2017":6.8, "2018":6.5, "2019":4.7} License: CC BY-4.0 Line Bar Map. The economy of Laos is a rapidly growing lower-middle income developing economy. As a result, Laos started to exploit its hydropower, precious metals and wood resources. FocusEconomics Consensus Forecast panelists project GDP to expand 1.6% in 2020, which is unchanged from last month’s forecast, and 6.3% in 2021. In the long-term, the Laos GDP Annual Growth Rate is projected to trend around 5.50 percent in 2021 and 6.50 percent in 2022, according to our econometric models. 1989-2019 Data | 2020-2022 Forecast | Historical | ChartDownload historical data for 20 million indicators using your browser.Direct access to our calendar releases and historical data. 1985 - 2019. Economic growth in Lao PDR has slowed over the past 5 years. Growth fell from 6.3 percent in 2018 to 4.8 percent in 2019 due primarily to natural disasters that affected the agricultural sector.
The country is heavily dependent on agriculture (33 percent of GDP) as it employs around 80 percent of the population.
The statistic shows the growth in real GDP in Laos from 2009 to 2018, with projections up until 2021. The GDP value of Laos represents 0.02 percent of the world economy. Tourism (11 percent of GDP) is the second largest earner of foreign currency and is growing rapidly.
Also Show. GDP Annual Growth Rate in Laos is expected to reach 0.50 percent by the end of 2020, according to Trading Economics global macro models and analysts expectations. It is estimated that the application of the latest standard would add US$824 billion.Most American countries use a national income accounting standard that fails to record the informal economy. The Gross Domestic Product (GDP) in Laos was worth 18.17 billion US dollars in 2019, according to official data from the World Bank and projections from Trading Economics. Les valeurs actuelles, des données historiques, des prévisions, des statistiques, des tableaux et le calendrier économique - Laos - Taux de croissance annuel du PIB. None; Aggregates; Same region; Similar values; Highest values; Lowest values; Share Details. Still a communist state, in recent years Laos opened its economy to private initiative and foreign direct investments. {"2005":1701138.86, "2006":1848194.80, "2007":1993139.48, "2008":2148299.40, "2009":2309463.78, "2010":2497247.15, "2011":2698038.03, "2012":2911129.08, "2013":3144776.30, "2014":3382339.69, "2015":3628235.78, "2016":3883046.78, "2017":4148336.54, "2018":4417978.41, "2019":4626506.99}[{"1970":2.67, "1971":2.80, "1972":2.90, "1973":3.15, "1974":3.26, "1975":3.48, "1976":3.58, "1977":3.51, "1978":3.55, "1979":3.48, "1980":3.82, "1981":4.41, "1982":4.72, "1983":4.94, "1984":5.30, "1985":5.57, "1986":5.84, "1987":5.76, "1988":5.64, "1989":6.44, "1990":6.87, "1991":7.17, "1992":7.57, "1993":8.01, "1994":8.67, "1995":9.28, "1996":9.92, "1997":10.60, "1998":11.02, "1999":11.83, "2000":12.51, "2001":13.23, "2002":14.02, "2003":14.89, "2004":15.93, "2005":17.01, "2006":18.48, "2007":19.93, "2008":21.48, "2009":23.09, "2010":24.97, "2011":26.98, "2012":29.11, "2013":31.45, "2014":33.82, "2015":36.28, "2016":38.83, "2017":41.48, "2018":44.18, "2019":46.27}]{"1971":5.0, "1972":3.5, "1973":8.7, "1974":3.6, "1975":6.7, "1976":3.0, "1977":-2.0, "1978":1.0, "1979":-2.0, "1980":10.0, "1981":15.3, "1982":7.1, "1983":4.7, "1984":7.2, "1985":5.1, "1986":4.9, "1987":-1.4, "1988":-2.0, "1989":14.2, "1990":6.7, "1991":4.3, "1992":5.6, "1993":5.9, "1994":8.2, "1995":7.0, "1996":6.9, "1997":6.9, "1998":4.0, "1999":7.3, "2000":5.8, "2001":5.8, "2002":5.9, "2003":6.2, "2004":7.0, "2005":6.8, "2006":8.6, "2007":7.8, "2008":7.8, "2009":7.5, "2010":8.1, "2011":8.0, "2012":7.9, "2013":8.0, "2014":7.6, "2015":7.3, "2016":7.0, "2017":6.8, "2018":6.5, "2019":4.7} License: CC BY-4.0 Line Bar Map. The economy of Laos is a rapidly growing lower-middle income developing economy. As a result, Laos started to exploit its hydropower, precious metals and wood resources. FocusEconomics Consensus Forecast panelists project GDP to expand 1.6% in 2020, which is unchanged from last month’s forecast, and 6.3% in 2021. In the long-term, the Laos GDP Annual Growth Rate is projected to trend around 5.50 percent in 2021 and 6.50 percent in 2022, according to our econometric models. 1989-2019 Data | 2020-2022 Forecast | Historical | ChartDownload historical data for 20 million indicators using your browser.Direct access to our calendar releases and historical data. 1985 - 2019. Economic growth in Lao PDR has slowed over the past 5 years. Growth fell from 6.3 percent in 2018 to 4.8 percent in 2019 due primarily to natural disasters that affected the agricultural sector.