In 2017, GDP growth for Lao People’s Democratic Republic was 6.9 %. Though Lao People’s Democratic Republic GDP growth fluctuated substantially in recent years, it tended to increase through 1998 - 2017 period ending at 6.9 % in 2017.The description is composed by Yodatai, our digital data assistant. Have a question? Ask Yodatai ›
Annual percentage growth rate of GDP at market prices based on constant local currency. Aggregates are based on constant U.S. dollars. 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.