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%.

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.


Laos GDP from 1980 to 2024

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

Change Chart

    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