Laos GDP Trends from 1980 to 2024: A overall increase with some decline Flow

Laos's GDP changed from approximately $1B 913M in 1980 to $15B 190M in 2024, showing an overall 694.0% sharply increased during the period.
The lowest GDP was recorded in 1981 at $1B 118M, and the highest in 2019 at $18B 770M.
Over the 44-year span, the GDP showed a overall increase with some decline trend, with an average annual growth rate of 4.8%.
For comparison, the average annual growth rate of Vietnam was 6.0%, and that of Thailand was 6.6%.

Laos GDP from 1980 to 2024

The total market value of goods and services produced annually in Laos.

Change Chart

    Overview of Laos's GDP (1980–2024)

    The Gross Domestic Product (GDP) of Laos recorded a 694.0% sharply increased from 1980 to 2024.
    The average GDP during this period was $6B 631M, and the median was $3B 515M.
    GDP fluctuated within a range of $17B 652M, with a standard deviation of $6B 131M.
    The average annual change was $401M 213K.


    Highest and Lowest GDP Records

    • Lowest GDP: 1981, $1B 118M
    • Highest GDP: 2019, $18B 770M
    • Most Recent GDP: 2024, $15B 190M

    Notable Annual GDP Changes

    • 2013: Significant increase in GDP
    • 2022: Noticeable drop in GDP

    Overall pattern: overall increase with some decline


    Global Economic Events and Laos's GDP

    COVID-19 Pandemic (2020)

    • Period: From 2019 to 2020
    • GDP Change: $18B 770M → $18B 511M
    • Outcome: declined

    2008 Global Financial Crisis

    • Period: From 2007 to 2009
    • GDP Change: $4B 757M → $6B 431M
    • Outcome: sharply increased

    2001 Dot-com Bubble Burst

    • Period: From 2000 to 2001
    • GDP Change: $1B 720M → $1B 757M
    • Outcome: increased

    1998 Asian Financial Crisis

    • Period: From 1997 to 1998
    • GDP Change: $3B 515M → $1B 334M
    • Outcome: sharply declined

    Key Economic Indicators of Laos (1980–2024)

    yearNominal GDPGDP per CapitaPPP per CapitaPPP GDPGDP GrowthCurrent AccountSavingsFiscal BalancePopulation
    1980
    $ 1B 913M
    $ 584.59
    $ 530.08
    $ 1B 735M
    10.004 %
    -2.242 %
    0 %
    0 %
    3M 272K people
    1981
    $ 1B 118M
    $ 335.22
    $ 656.61
    $ 2B 190M
    15.332 %
    -4.934 %
    0 %
    0 %
    3M 335K people
    1982
    $ 1B 119M
    $ 327.90
    $ 713.62
    $ 2B 435M
    4.715 %
    -4.523 %
    0 %
    0 %
    3M 412K people
    1983
    $ 2B 47M
    $ 584.80
    $ 744.63
    $ 2B 606M
    3 %
    -3.485 %
    0 %
    0 %
    3M 500K people
    1984
    $ 2B 930M
    $ 815.21
    $ 799.47
    $ 2B 874M
    6.438 %
    -1.961 %
    0 %
    0 %
    3M 595K people
    1985
    $ 3B 685M
    $ 997.62
    $ 875.86
    $ 3B 235M
    9.122 %
    -1.611 %
    0 %
    0 %
    3M 694K people
    1986
    $ 2B 577M
    $ 678.46
    $ 910.96
    $ 3B 460M
    4.829 %
    -2.499 %
    0 %
    0 %
    3M 798K people
    1987
    $ 1B 815M
    $ 464.66
    $ 898.98
    $ 3B 511M
    -0.96 %
    -4.514 %
    0 %
    0 %
    3M 906K people
    1988
    $ 1B 182M
    $ 294.24
    $ 885.71
    $ 3B 559M
    -2.1 %
    -6.699 %
    0 %
    0 %
    4M 18K people
    1989
    $ 1B 460M
    $ 353.31
    $ 983.30
    $ 4B 64M
    9.893 %
    -7.916 %
    0 %
    0 %
    4M 133K people
    1990
    $ 1B 742M
    $ 406.20
    $ 1,048.69
    $ 4B 498M
    6.686 %
    -4.465 %
    0 %
    0 %
    4M 289K people
    1991
    $ 2B 53M
    $ 464.92
    $ 1,095.15
    $ 4B 836M
    3.999 %
    -1.218 %
    0 %
    0 %
    4M 416K people
    1992
    $ 2B 354M
    $ 517.90
    $ 1,164.43
    $ 5B 293M
    6.999 %
    -1.746 %
    0 %
    0 %
    4M 545K people
    1993
    $ 2B 652M
    $ 567.21
    $ 1,227.04
    $ 5B 736M
    5.867 %
    -1.607 %
    0 %
    0 %
    4M 675K people
    1994
    $ 3B 81M
    $ 641.63
    $ 1,319.76
    $ 6B 337M
    8.16 %
    -3.451 %
    0 %
    0 %
    4M 801K people
    1995
    $ 3B 579M
    $ 727.11
    $ 1,406.73
    $ 6B 925M
    7.045 %
    -3.464 %
    0 %
    0 %
    4M 923K people
    1996
    $ 3B 726M
    $ 739.32
    $ 1,495.87
    $ 7B 538M
    6.892 %
    -6.26 %
    0 %
    0 %
    5M 39K people
    1997
    $ 3B 515M
    $ 682.51
    $ 1,591.61
    $ 8B 198M
    6.907 %
    -5.738 %
    0 %
    0 %
    5M 151K people
    1998
    $ 1B 334M
    $ 254.24
    $ 1,647.55
    $ 8B 645M
    4.279 %
    -5.679 %
    0 %
    0 %
    5M 247K people
    1999
    $ 1B 415M
    $ 264.93
    $ 1,707.85
    $ 9B 120M
    4.028 %
    -6.805 %
    0 %
    0 %
    5M 340K people