In 2017, real GNI based on PPP for Lao People’s Democratic Republic was 41,629 million international dollars. Between 2003 and 2017, real GNI based on PPP of Lao People’s Democratic Republic grew substantially from 15,043 million to 41,629 million international dollars rising at an increasing annual rate that reached a maximum of 10.05 % in 2007 and then decreased to 5.80 % in 2017.The description is composed by Yodatai, our digital data assistant. Have a question? Ask Yodatai ›
PPP GNI (formerly PPP GNP) is gross national income (GNI) converted to international dollars using purchasing power parity rates. An international dollar has the same purchasing power over GNI as a U.S. dollar has in the United States. Gross national income is the sum of value added by all resident producers plus any product taxes (less subsidies) not included in the valuation of output plus net receipts of primary income (compensation of employees and property income) from abroad.