Laos

Updated: October 2023


Key Insights
  • Laos’s GDP data are rated E, which equates to unusable for serious decision making.
  • The Laos Governance Index is also E rated, meaning the Government is untrustworthy, and may have interfered in the production of Government economic and demographic data.
  • Hence GDP size and growth data are suspect and unreliable, as is all data (such as GDP per capita) based on these data produced by the Government.

 
 
GDP DATA QUALITY

Data Quality Ratings are derived from scores in five areas: Base year recency; System of National Accounts framework version; Informal economy size; Statistical resources available; and likelihood of Government interference. Scores are based on a 0-100 scale. Read more...


GDP Data Quality Ratings
Index: 0 = Extremely poor quality, 100 = Good as it gets
Ranked by Data Quality Index
Filter:
Country
Global
Rank
World Economics
Data Quality
(Index, 0-100)
World Economics
Data Quality
(Rating, A-E)
Base
Year
Chained/Year
SNA
Framework
Version
Informal
Economy
% of GDP
Statistical
Resources
Index (0-100)
Corruption
Levels
Index (0-100)





Switzerland 1 98.7 A Chained 2008 7.5 100.0 91.1
New Zealand 2 98.5 A Chained 2008 10.0 100.0 96.7
Finland 3 97.9 A Chained 2008 14.6 100.0 96.7
Denmark 4 97.8 A Chained 2008 15.2 100.0 100.0
Netherlands 5 97.6 A Chained 2008 10.0 100.0 88.9
Norway 6 97.5 A Chained 2008 15.7 100.0 93.3
Sweden 7 97.5 A Chained 2008 13.7 100.0 92.2
Luxembourg 8 97.5 A Chained 2008 9.9 100.0 85.6
Germany 9 97.3 A Chained 2008 11.2 100.0 87.8
Austria 10 97.1 A Chained 2008 8.7 100.0 78.9
Ireland 11 97.1 A Chained 2008 12.3 100.0 85.6
Canada 12 97.1 A Chained 2008 11.2 100.0 82.2
Australia 13 97.0 A Chained 2008 9.9 100.0 83.3
United Kingdom 14 96.7 A Chained 2008 10.3 100.0 81.1
Japan 15 96.4 A Chained 2008 9.6 100.0 81.1
Iceland 16 96.2 A Chained 2008 13.9 100.0 82.2
United States 17 96.1 A Chained 2008 7.3 100.0 76.7
France 18 95.6 A Chained 2008 13.1 100.0 80.0
Belgium 19 94.2 A Chained 2008 19.2 100.0 81.1
Czech Republic 20 94.0 A Chained 2008 14.5 100.0 62.2
Portugal 21 93.5 A Chained 2008 20.3 100.0 68.9
Singapore 22 93.3 A Chained 2008 10.4 100.0 92.2
Spain 23 91.9 A Chained 2008 21.3 100.0 66.7
Korea, Rep. 24 91.3 A Chained 2008 22.7 100.0 70.0
Israel 25 91.0 A Chained 2008 20.8 100.0 70.0
Slovenia 26 90.9 A Chained 2008 23.8 100.0 62.2
Hong Kong 27 90.2 A Chained 2008 13.6 100.0 84.4
Chile 28 89.8 A Chained 2008 19.3 86.7 74.4
Italy 29 89.7 A Chained 2008 23.7 100.0 62.2
Cyprus 30 89.1 A Chained 2008 27.1 100.0 57.8
Costa Rica 31 88.7 A Chained 2008 26.6 91.1 60.0
Malta 32 88.5 B Chained 2008 27.7 100.0 56.7
Mauritius 33 88.3 B Chained 2008 20.4 85.6 55.6
Greece 34 88.1 B Chained 2008 26.9 100.0 57.8
United Arab Emirates 35 86.6 B Chained 2008 20.4 100.0 74.4
Romania 36 86.4 B Chained 2008 23.8 84.4 51.1
Poland 37 86.1 B Chained 2008 22.4 78.9 61.1
Croatia 38 85.6 B Chained 2008 29.5 86.7 55.6
Bulgaria 39 84.0 B Chained 2008 27.7 85.6 47.8
Estonia 40 83.5 B Chained 2008 22.5 40.0 82.2
Latvia 41 83.0 B Chained 2008 24.9 53.3 65.6
Lithuania 42 82.9 B Chained 2008 21.6 43.3 68.9
Slovak Republic 43 82.7 B Chained 2008 14.8 40.0 58.9
Armenia 44 81.9 B Chained 2008 39.1 94.4 51.1
Mongolia 45 81.6 B 2015 2008 15.1 92.2 36.7
Moldova 46 81.0 B Chained 2008 40.6 91.1 43.3
Oman 47 80.8 B 2018 2008 19.8 100.0 48.9
Uruguay 48 80.8 B 2016 2008 31.7 80.0 82.2
Brazil 49 80.7 B Chained 2008 33.2 81.1 42.2
North Macedonia 50 79.8 B Chained 2008 33.4 72.2 44.4
Colombia 51 79.7 B Chained 2008 33.3 82.2 43.3
Dominican Republic 52 79.5 B Chained 2008 33.9 72.2 35.6
Georgia 53 79.1 B Chained 2008 46.2 87.8 62.2
Turkey 54 78.2 B Chained 2008 31.2 81.1 40.0
South Africa 55 77.5 B 2015 2008 28.8 81.1 47.8
Jordan 56 77.1 B 2016 2008 16.9 77.8 52.2
Hungary 57 77.0 B Chained 2008 23.3 40.0 46.7
Malaysia 58 75.4 B 2015 2008 25.3 76.7 52.2
Algeria 59 75.3 B Chained 2008 17.4 50.0 36.7
Qatar 60 75.3 B 2018 1993 16.5 100.0 64.4
Serbia 61 75.2 B 2015 2008 31.3 88.9 40.0
Bahamas, The 62 75.1 B 2012 2008 30.2 100.0 71.1
Ukraine 64 74.8 C Chained 2008 44.2 72.2 36.7
Malawi 65 74.7 C 2017 2008 30.6 70.0 37.8
Philippines 66 74.6 C 2018 2008 34.1 82.2 36.7
Morocco 67 74.4 C Chained 2008 36.6 66.7 42.2
China 68 74.4 C 2015 2008 12.7 80.0 50.0
Belarus 69 74.3 C Chained 2008 37.7 83.3 43.3
Namibia 70 74.2 C 2015 2008 24.7 51.1 54.4
Russia 71 74.0 C Chained 2008 38.0 82.2 31.1
Cabo Verde 72 73.7 C Chained 1993 31.7 65.6 66.7
Botswana 73 73.4 C 2016 2008 26.7 50.0 66.7
Bahrain 74 73.3 C 2010 2008 17.2 100.0 48.9
Rwanda 75 73.0 C 2017 2008 31.3 73.3 56.7
Albania 76 73.0 C Chained 1993 31.9 87.8 40.0
Sri Lanka 77 73.0 C 2015 2008 31.1 80.0 40.0
Indonesia 78 72.4 C 2010 2008 22.7 85.6 37.8
Saudi Arabia 79 71.9 C 2010 2008 22.8 100.0 56.7
Burkina Faso 80 71.8 C 2015 2008 33.3 67.8 46.7
Guatemala 81 71.6 C Chained 2008 48.6 73.3 26.7
Suriname 82 71.6 C 2015 2008 33.0 57.8 44.4
Ghana 83 71.6 C 2013 2008 35.6 71.1 47.8
Mexico 84 71.1 C 2013 2008 29.2 80.0 34.4
Togo 85 71.0 C 2016 2008 29.5 67.8 33.3
Benin 86 70.9 C Chained 2008 48.8 62.2 47.8
Turkmenistan 87 70.5 C Chained 2008 34.5 72.2 21.1
Niger 88 70.3 C 2015 2008 36.5 68.9 35.6
Lebanon 89 70.2 C Chained 2008 31.4 44.4 26.7
Senegal 90 69.8 C 2014 2008 37.7 66.7 47.8
Comoros 91 69.8 C Chained 2008 36.6 46.7 21.1
Kenya 92 69.7 C 2016 2008 32.6 57.8 35.6
Kyrgyzstan 93 69.6 C Chained 1993 30.8 90.0 30.0
El Salvador 94 69.6 D 2014 2008 40.9 82.2 36.7
Cote d'Ivoire 95 69.5 D 2015 2008 40.4 71.1 41.1
Uganda 96 69.1 D 2016 2008 34.4 71.1 28.9
Lesotho 97 69.1 D 2012 2008 30.9 67.8 41.1
Tunisia 98 68.9 D Chained 1993 30.4 58.9 44.4
Pakistan 99 68.7 D 2016 2008 35.6 72.2 30.0
Trinidad and Tobago 100 67.9 D 2012 2008 31.6 47.8 46.7
Kazakhstan 101 67.8 D Chained 1993 31.9 78.9 40.0
Mauritania 102 67.3 D 2014 2008 31.3 61.1 33.3
Bosnia and Herzegovina 103 67.1 D Chained 1993 33.0 60.0 37.8
India 104 66.7 D 2011 2008 43.1 76.7 44.4
Argentina 105 66.5 D 2004 2008 27.3 78.9 42.2
Gambia 106 66.5 D 2013 2008 44.3 70.0 37.8
Tanzania 107 66.1 D 2017 2008 46.7 63.3 42.2
Uzbekistan 108 65.9 D Chained 1993 27.2 67.8 34.4
Paraguay 109 65.7 D 2014 2008 46.5 65.6 31.1
Thailand 110 65.6 D Chained 1993 46.2 83.3 40.0
Mozambique 111 65.5 D 2014 2008 34.3 62.2 28.9
Kuwait 112 65.3 D 2010 1993 20.1 100.0 46.7
Azerbaijan 113 64.9 D Chained 1993 36.8 80.0 25.6
Cameroon 114 64.7 D 2016 2008 29.9 46.7 28.9
Panama 115 64.3 D Chained 1993 51.6 61.1 40.0
Peru 116 63.8 D 2007 2008 42.2 80.0 40.0
Ecuador 117 63.2 D 2007 2008 37.2 65.6 40.0
Nicaragua 118 62.6 D Chained 2008 52.5 46.7 21.1
Tajikistan 119 62.6 D Chained 1993 37.1 72.2 26.7
Myanmar 120 61.6 D 2016 2008 49.0 74.4 25.6
Eswatini 121 61.4 D 2011 2008 40.9 71.1 33.3
Zambia 122 61.1 D 2010 2008 38.7 53.3 36.7
Egypt 123 61.0 D 2016 1993 34.8 82.2 33.3
Sierra Leone 124 60.5 D 2006 2008 37.3 60.0 37.8
Bangladesh 125 59.1 E 2016 1993 30.2 60.0 27.8
Guyana 126 58.5 E 2012 1993 29.1 45.6 44.4
Vietnam 127 58.1 E 2010 1993 20.5 74.4 46.7
Liberia 128 58.1 E 2016 1993 42.6 57.8 28.9
Papua New Guinea 129 56.7 E 2013 1993 34.6 52.2 33.3
Ethiopia 130 56.4 E 2015 1993 33.5 47.8 42.2
Jamaica 131 55.7 E 2007 1993 33.0 54.4 48.9
Laos 132 55.3 E 2012 1993 27.2 62.2 34.4
Haiti 133 55.1 E 2011 2008 55.1 53.3 18.9
Guinea-Bissau 134 55.1 E 2015 1993 35.5 48.9 23.3
Nigeria 135 54.5 E 2010 2008 57.7 53.3 26.7
Bhutan 136 54.3 E 2000 1993 22.8 60.0 75.6
Zimbabwe 137 53.8 E 2012 2008 64.1 58.9 25.6
Madagascar 138 50.6 E 2007 1993 36.2 54.4 28.9
Guinea 139 49.7 E 2010 1993 38.8 51.1 27.8
Nepal 140 49.0 E 2000 1993 33.2 72.2 37.8
Libya 142 45.6 E 2013 1993 35.3 25.6 18.9
Burundi 143 45.2 E 2005 1993 36.3 57.8 18.9
Chad 144 44.8 E 2005 1993 34.7 54.4 21.1
Mali 145 42.4 E 1999 1993 33.2 60.0 31.1
Yemen, Rep. 146 41.6 E 2007 1993 27.3 27.8 17.8
Angola 147 41.6 E 2002 1993 39.6 45.6 36.7
Congo, Rep. 148 41.2 E 2005 1993 40.1 38.9 23.3
Cambodia 149 40.0 E 2000 1993 40.9 60.0 26.7
Central African Republic 150 39.3 E 2005 1993 44.0 36.7 26.7
Honduras 151 39.2 E 2000 1993 45.9 56.7 25.6
Congo, Dem. Rep 152 38.0 E 2005 1993 48.3 40.0 22.2
Gabon 153 35.5 E 2001 1993 51.6 40.0 32.2
Bolivia 154 31.1 E 1990 1993 54.8 66.7 34.4
Afghanistan 155 31.0 E 2002 1993 72.0 57.8 26.7
Sudan 156 29.3 E 1996 1968 35.5 54.4 24.4

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Data Notes
Data Quality Index numbers shown on a scale of 0-100.
         0 = Poor, 100 = Excellent.

Rating definitions:
         A: As good as it gets
         B: Good
         C: Use with caution
         D: Poor
         E: Extremely poor quality

The index calculations and displayed data are derived from the most current and up-to-date source data available.
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GDP SIZE

GDP Size data is shown in Purchasing Power Parity terms with added estimates for the size of the informal economy and adjustments for out-of-date GDP base year data. Read more...


Gross Domestic Product (GDP)
Ranked by GDP: 2022
Filter:
Country Global
Rank, 2022
World Economics
Data Quality
(Rating, A-E)
2022
Estimate
Billions, PPP Int$
2030
Estimate
Billions, PPP Int$
Share of
Global GDP
%, 2022




China 1 C $31,559 $49,774 18.5%
United States 2 A $23,149 $26,962 13.5%
India 3 D $15,875 $24,688 9.3%
Japan 4 A $5,675 $6,025 3.3%
Russia 5 C $5,510 $5,943 3.2%
Germany 6 A $5,011 $5,436 2.9%
Indonesia 7 C $4,811 $6,789 2.8%
Brazil 8 B $4,288 $4,538 2.5%
Turkey 9 B $3,696 $5,335 2.2%
France 10 A $3,533 $3,829 2.1%
United Kingdom 11 A $3,479 $3,857 2.0%
Mexico 12 C $3,375 $3,798 2.0%
Italy 13 A $3,180 $3,302 1.9%
Korea, Rep. 14 A $2,881 $3,490 1.7%
Spain 15 A $2,301 $2,585 1.3%
Saudi Arabia 16 C $2,288 $2,659 1.3%
Canada 17 A $2,106 $2,389 1.2%
Nigeria 18 E $2,024 $2,480 1.2%
Egypt 19 D $2,012 $2,780 1.2%
Thailand 20 D $1,835 $2,187 1.1%
Poland 21 B $1,695 $2,168 1.0%
Taiwan 22 C $1,551 $1,974 0.9%
Vietnam 23 E $1,535 $2,848 0.9%
Bangladesh 24 E $1,495 $2,832 0.9%
Australia 25 A $1,457 $1,716 0.9%
Argentina 26 D $1,449 $1,478 0.8%
Pakistan 27 D $1,424 $1,714 1.1%
Philippines 28 C $1,390 $2,075 0.8%
Malaysia 29 B $1,305 $1,814 0.8%
South Africa 30 B $1,174 $1,332 0.7%
Netherlands 31 A $1,141 $1,288 0.7%
Colombia 32 B $1,081 $1,336 0.6%
United Arab Emirates 33 B $845 $1,079 0.5%
Romania 34 B $763 $1,014 0.4%
Belgium 35 A $737 $815 0.4%
Switzerland 36 A $679 $784 0.4%
Kazakhstan 37 D $676 $879 0.4%
Peru 38 D $662 $824 0.4%
Singapore 39 A $662 $823 0.4%
Sweden 40 A $652 $742 0.4%
Ireland 41 A $649 $1,195 0.4%
Chile 42 A $606 $714 0.4%
Algeria 43 B $589 $699 0.3%
Austria 44 A $547 $605 0.3%
Ukraine 45 C $539 $372 0.3%
Israel 46 A $507 $676 0.3%
Czech Republic 47 A $502 $580 0.3%
Hong Kong 48 A $488 $556 0.3%
Portugal 49 A $447 $505 0.3%
Ethiopia 50 E $446 $812 0.3%
Norway 51 A $424 $494 0.2%
Greece 52 B $423 $453 0.2%
Hungary 53 B $422 $535 0.2%
Morocco 54 C $418 $574 0.2%
Denmark 55 A $405 $464 0.2%
Angola 56 E $393 $432 0.2%
Kenya 57 C $390 $596 0.2%
Sri Lanka 58 C $384 $430 0.2%
Uzbekistan 59 D $363 $566 0.2%
Myanmar 60 D $349 $447 0.2%
Sudan 61 E $326 $366 0.2%
Qatar 62 B $319 $376 0.2%
Finland 63 A $316 $340 0.2%
Dominican Republic 64 B $291 $432 0.2%
Kuwait 65 D $290 $304 0.2%
Ghana 66 C $290 $401 0.2%
Ecuador 67 D $289 $324 0.2%
Tanzania 68 D $265 $408 0.2%
New Zealand 69 A $248 $300 0.1%
Cote d'Ivoire 70 D $245 $417 0.1%
Belarus 71 C $242 $247 0.1%
Guatemala 72 C $236 $310 0.1%
Bulgaria 73 B $221 $273 0.1%
Panama 74 D $211 $289 0.1%
Azerbaijan 75 D $209 $244 0.1%
Congo, Dem. Rep 76 E $208 $324 0.1%
Oman 77 B $203 $268 0.1%
Slovak Republic 78 B $203 $235 0.1%
Libya 79 E $202 $277 0.1%
Nepal 80 E $202 $288 0.1%
Serbia 81 B $197 $241 0.1%
Bolivia 82 E $178 $223 0.1%
Tunisia 83 D $171 $196 0.1%
Croatia 84 B $170 $206 0.1%
Uganda 85 D $161 $237 0.1%
Cameroon 86 D $150 $210 0.1%
Turkmenistan 87 C $147 $229 0.1%
Costa Rica 88 A $144 $189 0.1%
Paraguay 89 D $140 $183 0.1%
Lithuania 90 B $136 $169 0.1%
Jordan 91 B $133 $160 0.1%
Cambodia 92 E $132 $203 0.1%
Afghanistan 93 E $120 $128 0.1%
Uruguay 94 B $111 $135 0.1%
Slovenia 95 A $110 $135 0.1%
Zambia 96 D $109 $141 0.1%
Bahrain 97 C $102 $126 0.1%
Senegal 98 C $97 $157 0.1%
Honduras 99 E $96 $124 0.1%
Georgia 100 B $92 $128 0.1%
Mali 101 E $91 $127 0.1%
Lebanon 102 C $90 $75 0.1%
El Salvador 103 D $86 $102 0.1%
Laos 104 E $85 $126 0.0%
Luxembourg 105 A $83 $98 0.0%
Latvia 106 B $77 $92 0.0%
Madagascar 107 E $76 $96 0.0%
Burkina Faso 108 C $74 $110 0.0%
Bosnia and Herzegovina 109 D $71 $87 0.0%
Benin 110 C $68 $105 0.0%
Gabon 111 E $67 $82 0.0%
Zimbabwe 112 E $66 $81 0.0%
Mozambique 113 D $63 $90 0.0%
Guinea 114 E $62 $97 0.0%
Estonia 115 B $62 $75 0.0%
Armenia 116 B $62 $87 0.0%
Nicaragua 117 D $61 $77 0.0%
Yemen, Rep. 118 E $60 $63 0.0%
Botswana 119 C $58 $74 0.0%
Papua New Guinea 120 E $57 $77 0.0%
Tajikistan 121 D $56 $93 0.0%
Albania 122 C $56 $68 0.0%
Haiti 123 E $53 $62 0.0%
Mongolia 124 B $51 $73 0.0%
Niger 125 C $51 $85 0.0%
Cyprus 126 A $50 $62 0.0%
Trinidad and Tobago 127 D $50 $51 0.0%
Moldova 128 B $49 $62 0.0%
North Macedonia 129 B $46 $55 0.0%
Rwanda 130 C $46 $75 0.0%
Kyrgyzstan 131 C $45 $60 0.0%
Chad 132 E $44 $50 0.0%
Malawi 133 C $43 $55 0.0%
Jamaica 134 E $41 $44 0.0%
Brunei Darussalam 135 E $39 $41 0.0%
Guyana 136 E $39 $165 0.0%
Mauritania 137 D $39 $60 0.0%
Congo, Rep. 138 E $35 $33 0.0%
Mauritius 139 B $35 $43 0.0%
Namibia 140 C $34 $44 0.0%
Malta 141 B $32 $47 0.0%
Togo 142 C $28 $42 0.0%
Sierra Leone 143 D $25 $30 0.0%
Iceland 144 A $24 $31 0.0%
Bahamas, The 145 B $19 $20 0.0%
Eswatini 146 D $18 $21 0.0%
Burundi 147 E $16 $19 0.0%
Bhutan 148 E $14 $18 0.0%
Suriname 149 C $13 $12 0.0%
Liberia 150 E $12 $15 0.0%
Gambia 151 D $9 $13 0.0%
Central African Republic 152 E $8 $8 0.0%
Lesotho 153 D $8 $9 0.0%
Guinea-Bissau 154 E $6 $8 0.0%
Cabo Verde 155 C $5 $7 0.0%
Comoros 156 C $4 $5 0.0%

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Data Notes
Data Quality Index numbers shown on a scale of 0-100.
         0 = Poor, 100 = Excellent.

Grade definitions:
         A: As good as it gets
         B: Good
         C: Use with caution
         D: Poor
         E: Extremely poor quality


GDP in Purchasing Power Parity terms with added estimates for the size of the informal economy and adjustments for out-of-date GDP base year data.

Share of Global GDP expressed as a percentage of the sum of GDP for all countries in the World Economics database.

Displayed data relates to the latest data available: 2022.
Projections for 2030 are made by applying IMF growth rates for 2023 and 2024, with the 10-Year Compound Annual Growth Rate (CAGR) applied thereafter to extrapolate the data to 2030.
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GDP GROWTH

Compound Annual Growth Rates (CAGR) are derived from GDP Data in Purchasing Power Parity terms with added estimates for the size of the informal economy and adjustments for out-of-date GDP base year data.


Compound Annual Growth Rate (CAGR) over the last 10-years
Ranked by CAGR: 10-Year
Filter:

Country Global
Rank
World Economics
Data Quality
(Rating, A-E)
CAGR
10 Year
2012-2022
CAGR
5 Year
2017-2022
CAGR
3 Year
2019-2022
Share of
Global Growth
Percentage




Guyana 1 E 13.4% 25.2% 40.9% 0.1%
Bangladesh 2 E 9.1% 9.4% 8.5% 1.9%
Ireland 3 A 9.0% 9.0% 10.5% 0.8%
Vietnam 4 E 8.6% 8.1% 6.4% 1.9%
Ethiopia 5 E 8.3% 6.6% 6.0% 0.5%
Tajikistan 6 D 7.1% 7.3% 7.2% 0.1%
Cote d'Ivoire 7 D 7.0% 5.8% 5.2% 0.3%
Turkmenistan 8 C 6.9% 6.0% 5.8% 0.2%
China 9 C 6.2% 5.2% 4.4% 31.5%
Rwanda 10 C 6.1% 6.3% 4.6% 0.0%
Mauritania 11 D 6.0% 8.3% 10.4% 0.0%
Uzbekistan 12 D 5.8% 5.2% 5.0% 0.3%
Guinea 13 E 5.7% 5.0% 4.4% 0.1%
Malta 14 B 5.7% 4.4% 2.6% 0.0%
Niger 15 C 5.6% 5.8% 5.3% 0.0%
India 16 D 5.5% 3.7% 2.7% 14.7%
Tanzania 17 D 5.5% 4.4% 3.6% 0.2%
Kenya 18 C 5.5% 5.4% 4.2% 0.4%
Benin 19 C 5.5% 6.1% 5.7% 0.1%
Congo, Dem. Rep 20 E 5.5% 4.9% 4.8% 0.2%
Laos 21 E 5.4% 3.4% 1.8% 0.1%
Cambodia 22 E 5.4% 3.8% 1.6% 0.1%
Turkey 23 B 5.3% 4.4% 6.2% 3.3%
Dominican Republic 24 B 5.2% 4.3% 3.2% 0.3%
Senegal 25 C 5.2% 4.6% 4.0% 0.1%
Togo 26 C 5.0% 4.6% 4.1% 0.0%