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Lao People’s Democratic Republic - Gross domestic product in constant prices of 2010

11,867,393,084 (US dollars) in 2017

In 2017, real GDP for Lao People’s Democratic Republic was 11,867 million US dollars. Between 1998 and 2017, real GDP of Lao People’s Democratic Republic grew substantially from 3,155 million to 11,867 million US dollars rising at an increasing annual rate that reached a maximum of 8.62 % in 2006 and then decreased to 6.89 % in 2017.

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What is real 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 constant 2010 U.S. dollars. Dollar figures for GDP are converted from domestic currencies using 2010 official exchange rates. For a few countries where the official exchange rate does not reflect the rate effectively applied to actual foreign exchange transactions, an alternative conversion factor is used.

What is Lao People’s Democratic Republic real GDP?

Date Value Change, %
2017 11,867,393,084 6.89 %
2016 11,102,149,875 7.02 %
2015 10,373,602,257 7.27 %
2014 9,670,589,853 7.61 %
2013 8,986,537,875 8.03 %
2012 8,318,842,593 8.03 %
2011 7,700,771,123 8.04 %
2010 7,127,792,630 8.53 %
2009 6,567,765,473 7.50 %
2008 6,109,448,405 7.82 %
2007 5,666,082,926 7.60 %
2006 5,266,031,526