In 2022, GDP (LCU) for Lao People’s Democratic Republic was 217,107,907 million LCU. Between 2003 and 2022, GDP (LCU) of Lao People’s Democratic Republic grew substantially from 21,277,279 million to 217,107,907 million LCU rising at an increasing annual rate that reached a maximum of 20.36% in 2006 and then decreased to 18.91% in 2022.
The description is composed by our digital data assistant.GDP at purchaser's prices 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 current local currency.