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Lao People’s Democratic Republic - General government gross debt in % of GDP

63.6 (%) in 2017

In 2017, government debt (% of GDP) for Lao People’s Democratic Republic was 63.6 %. Government debt (% of GDP) of Lao People’s Democratic Republic fell gradually from 94.1 % in 2003 to 63.6 % in 2017.

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What is government debt (% of GDP)?

Gross debt consists of all liabilities that require payment or payments of interest and/or principal by the debtor to the creditor at a date or dates in the future. This includes debt liabilities in the form of SDRs, currency and deposits, debt securities, loans, insurance, pensions and standardized guarantee schemes, and other accounts payable. Thus, all liabilities in the GFSM 2001 system are debt, except for equity and investment fund shares and financial derivatives and employee stock options. Debt can be valued at current market, nominal, or face values (GFSM 2001, paragraph 7.110).

What is Lao People’s Democratic Republic government debt (% of GDP)?

Date Value Change, %
2017 63.6 8.78 %
2016 58.4 0.61 %
2015 58.1 -0.83 %
2014 58.6 7.79 %
2013 54.3 -1.61 %
2012 55.2 8.73 %
2011 50.8 -7.84 %
2010 55.1 -0.13 %
2009 55.2 2.90 %
2008 53.6 -6.27 %
2007 57.2 -11.84 %
2006 64.9