In 2017, GDP per capita for Lao People’s Democratic Republic was 2,541 US dollars. Between 1998 and 2017, GDP per capita of Lao People’s Democratic Republic grew substantially from 267 to 2,541 US dollars rising at an increasing annual rate that reached a maximum of 26.60 % in 2006 and then decreased to 5.13 % in 2017.The description is composed by Yodatai, our digital data assistant. Have a question? Ask Yodatai ›
GDP per capita is gross domestic product divided by midyear population. GDP 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. GDP is expressed in current U.S. dollars per person. Data are derived by first converting GDP in national currency to U.S. dollars and then dividing it by total population.