In 2022, real GDP per capita for Lao People’s Democratic Republic was 2,599 US dollars. Real GDP per capita of Lao People’s Democratic Republic increased from 1,040 US dollars in 2003 to 2,599 US dollars in 2022 growing at an average annual rate of 4.96%.
The description is composed by our digital data assistant.GDP per capita is gross domestic product divided by midyear population. 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.