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Lao People’s Democratic Republic - Gross domestic product based on purchasing-power-parity in constant market prices of 2011

43,874,117,260 (international dollars) in 2017

In 2017, real GDP based on PPP for Lao People’s Democratic Republic was 43,874 million international dollars. Between 1998 and 2017, real GDP based on PPP of Lao People’s Democratic Republic grew substantially from 11,665 million to 43,874 million international 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 based on PPP?

PPP GDP is gross domestic product converted to international dollars using purchasing power parity rates. An international dollar has the same purchasing power over GDP as the U.S. dollar has in the United States. 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.

What is Lao People’s Democratic Republic real GDP based on PPP?

Date Value Change, %
2017 43,874,117,260 6.89 %
2016 41,044,989,576 7.02 %
2015 38,351,526,626 7.27 %
2014 35,752,468,142 7.61 %
2013 33,223,506,940 8.03 %
2012 30,755,016,946 8.03 %
2011 28,469,987,708 8.04 %
2010 26,351,668,594 8.53 %
2009 24,281,230,971 7.50 %
2008 22,586,818,674 7.82 %
2007 20,947,682,859 7.60 %
2006 19,468,680,530