Laos GDP

The Gross Domestic Product (GDP) in Laos was worth 9.29 billion US dollars in 2012. The GDP value of Laos represents 0.01 percent of the world economy. GDP in Laos is reported by the World Bank. From 1984 until 2012, Laos GDP averaged 2.7 USD Billion reaching an all time high of 9.3 USD Billion in December of 2012 and a record low of 0.6 USD Billion in December of 1988. The gross domestic product (GDP) measures of national income and output for a given country's economy. The gross domestic product (GDP) is equal to the total expenditures for all final goods and services produced within the country in a stipulated period of time. This page provides - Laos GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-18

Actual Previous Highest Lowest Forecast Dates Unit Frequency
9.29 8.30 9.29 0.60 10.92 | 2014/06 1984 - 2012 USD Billion Yearly

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Laos GDP
LIST BY COUNTRY

GDP Last Previous Highest Lowest Forecast Unit
GDP 9.29 2012-12-31 8.30 9.29 0.60 10.92 2014-06-30 USD Billion [+]
GDP Annual Growth Rate 7.90 2012-12-31 7.80 14.30 4.00 8.23 2014-06-30 Percent [+]
GDP per capita 707.19 2012-12-31 666.30 707.19 227.49 769.77 2014-06-30 USD [+]
GDP per capita PPP 2521.51 2012-12-31 2375.70 2521.51 811.12 2734.65 2014-06-30 USD [+]
[+]


GDP | Notes
The gross domestic product (GDP) or gross domestic income (GDI) is one of the measures of national income and output. GDP can be defined in three ways, which should give identical results. First, it is equal to the total expenditures for all final goods and services produced within the country in a specified period of time (usually a 365-day year). Second, it is equal to the sum of the value added at every stage of production by all the industries, plus taxes and minus subsidies on products. Third, it is equal to the sum of the income generated by production like compensation of employees, taxes on production and imports less subsidies, and gross operating surplus.


RELATED NEWS

Laos Inflation Rate at 5.66 Percent  
The inflation rate in Laos was recorded at 5.66 percent in February of 2014. Inflation Rate in Laos is reported by the Bank of the Lao PDR.
Laos Personal Income Tax Rate at 24.00 percent  
The Personal Income Tax Rate in Laos stands at 24 percent. Personal Income Tax Rate in Laos is reported by the Ministry of Finance.
Laos Corporate Tax Rate at 24.00 percent  
The Corporate Tax Rate in Laos stands at 24 percent. Corporate Tax Rate in Laos is reported by the Ministry of Finance.
Laos Sales Tax Rate | VAT at 10.00 Percent  
The Sales Tax Rate in Laos stands at 10 percent. Sales Tax Rate in Laos is reported by the Ministry of Finance.
Laos Government Debt To GDP at 33.43 Percent  
Laos recorded a Government Debt to GDP of 33.43 percent of the country's Gross Domestic Product in 2012. Government Debt To GDP in Laos is reported by the Bank of the Lao PDR.
Laos Balance of Trade at -83.26 USD Million  
Laos recorded a trade deficit of 83.26 USD Million in the second quarter of 2013. Balance of Trade in Laos is reported by the Bank of the Lao PDR.
Laos Interest Rate at 5.00 Percent  
The benchmark interest rate in Laos was last recorded at 5 percent. Interest Rate in Laos is reported by the Bank of the Lao PDR.
Laos Current Account to GDP at 2.30 Percent  
Laos recorded a Current Account surplus of 2.30 percent of the country's Gross Domestic Product in 2012. Current Account to GDP in Laos is reported by the Bank of the Lao PDR.
Laos Current Account at 36.99 USD Million  
Laos recorded a Current Account surplus of 36.99 USD Million in the second quarter of 2013. Current Account in Laos is reported by the Bank of the Lao PDR.
Laos Imports at 648.80 USD Million  
Imports in Laos decreased to 648.80 USD Million in the second quarter of 2013 from 657.85 USD Million in the first quarter of 2013. Imports in Laos is reported by the Bank of the Lao PDR.
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