In 2021, government debt for Lao People’s Democratic Republic was 169,197 billion LCU. Government debt of Lao People’s Democratic Republic increased from 18,770 billion LCU in 2002 to 169,197 billion LCU in 2021 growing at an average annual rate of 12.62%.
The description is composed by our digital data assistant.Gross debt consists of all liabilities that require payment or payments of interest and/or principal by the debtor to the creditor at a date or dates in the future. This includes debt liabilities in the form of SDRs, currency and deposits, debt securities, loans, insurance, pensions and standardized guarantee schemes, and other accounts payable. Thus, all liabilities in the GFSM 2001 system are debt, except for equity and investment fund shares and financial derivatives and employee stock options. Debt can be valued at current market, nominal, or face values (GFSM 2001, paragraph 7.110).