In 2016, total value added for Lao People’s Democratic Republic was 13,982 million US dollars. Between 1997 and 2016, total value added of Lao People’s Democratic Republic grew substantially from 1,715 million to 13,982 million US dollars rising at an increasing annual rate that reached a maximum of 28.41 % in 2008 and then decreased to 8.63 % in 2016.The description is composed by Yodatai, our digital data assistant. Have a question? Ask Yodatai ›
Gross value added is the value of output less the value of intermediate consumption; it is a measure of the contribution to GDP made by an individual producer, industry or sector; gross value added is the source from which the primary incomes of the SNA are generated and is therefore carried forward into the primary distribution of income account.