In 2017, real GDP (LCU) for Lao People’s Democratic Republic was 116,422,000 million LCU. Between 1998 and 2017, real GDP (LCU) of Lao People’s Democratic Republic grew substantially from 30,954,354 million to 116,422,000 million LCU rising at an increasing annual rate that reached a maximum of 8.62 % in 2006 and then decreased to 6.89 % in 2017.The description is composed by Yodatai, our digital data assistant. Have a question? Ask Yodatai ›
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. Data are in constant local currency.