Lao People’s Democratic Republic - Gross domestic product in current prices

18.55 (billion US dollars) in 2021

In 2021, GDP for Lao People’s Democratic Republic was 18.55 billion US dollars. GDP of Lao People’s Democratic Republic increased from 1.84 billion US dollars in 2002 to 18.55 billion US dollars in 2021 growing at an average annual rate of 13.20%.

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What is GDP?

GDP at purchaser's prices is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. Data are in current U.S. dollars. Dollar figures for GDP are converted from domestic currencies using single year official exchange rates.

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What is Lao People’s Democratic Republic GDP?