In 2017, general government revenue (% of GDP) for Lao People’s Democratic Republic was 16.8 %. Though Lao People’s Democratic Republic general government revenue (% of GDP) fluctuated substantially in recent years, it tended to increase through 2003 - 2017 period ending at 16.8 % in 2017.The description is composed by Yodatai, our digital data assistant. Have a question? Ask Yodatai ›
Revenue consists of taxes, social contributions, grants receivable, and other revenue. Revenue increases government's net worth, which is the difference between its assets and liabilities (GFSM 2001, paragraph 4.20). Note: Transactions that merely change the composition of the balance sheet do not change the net worth position, for example, proceeds from sales of non-financial and financial assets or incurrence of liabilities.