Name: Laos GDP Annual Growth Rate
Creator: TRADING ECONOMICS
License: https://creativecommons.org/licenses/by/4.0/
Keywords: Laos,GDP Annual Growth Rate,data,chart,actual,historical,values,calendar,forecast,graph,2024,2025,2026

The Gross Domestic Product (GDP) in Laos expanded 4.20 percent in the fourth quarter of 2023 over the same quarter of the previous year. GDP Annual Growth Rate in Laos averaged 6.48 percent from 1989 until 2024, reaching an all time high of 9.90 percent in 1989 and a record low of 3.30 percent in 2020. source: Bank of the Lao PDR

GDP Annual Growth Rate in Laos is expected to reach 4.50 percent by the end of 2025, according to Trading Economics global macro models and analysts expectations. In the long-term, the Laos GDP Annual Growth Rate is projected to trend around 4.40 percent in 2026 and 4.00 percent in 2027, according to our econometric models.

Related	Last	Previous	Unit	Reference
GDP	16.50	15.84	USD Billion	Dec 2024
GDP Annual Growth Rate	4.30	4.20	percent	Dec 2024
GDP Constant Prices	158293.00	151698.00	LAK Billion	Dec 2024
GDP from Agriculture	20492.00	20216.00	LAK Billion	Dec 2024
GDP from Construction	17675.00	16813.00	LAK Billion	Dec 2024
GDP from Manufacturing	14072.00	13560.00	LAK Billion	Dec 2024
GDP from Mining	8999.00	8791.00	LAK Billion	Dec 2024
GDP from Public Administration	9533.00	9189.00	LAK Billion	Dec 2024
GDP from Services	61180.00	58195.00	LAK Billion	Dec 2024
GDP from Transport	3328.00	2877.00	LAK Billion	Dec 2024
GDP from Utilities	20103.00	18935.00	LAK Billion	Dec 2024
GDP per Capita	2724.42	2648.89	USD	Dec 2024
GDP per Capita PPP	8610.90	13889.88	USD	Dec 2024

Laos GDP Annual Growth Rate

Laos is one of the poorest countries in the world. Still a communist state, in recent years Laos opened its economy to private initiative and foreign direct investments. As a result, Laos started to exploit its hydropower, precious metals and wood resources. The country is heavily dependent on agriculture (33 percent of GDP) as it employs around 80 percent of the population. Tourism (11 percent of GDP) is the second largest earner of foreign currency and is growing rapidly. In spite of the recent developments, the government relies extensively on foreign aid to fund its budget and infrastructure development.