In 2022, GNI (LCU) for Lao People’s Democratic Republic was 202,728,000 million LCU. GNI (LCU) of Lao People’s Democratic Republic increased from 342 million LCU in 1973 to 202,728,000 million LCU in 2022 growing at an average annual rate of 36.33%.
The description is composed by our digital data assistant.Gross national income (GNI) is GDP less net taxes on production and imports, less compensation of employees and property income payable to the rest of the world plus the corresponding items receivable from the rest of the world (in other words, GDP less primary incomes payable to non-resident units plus primary incomes receivable from non-resident units). An alternative approach to measuring GNI at market prices is as the aggregate value of the balances of gross primary incomes for all sectors; (note that gross national income is identical to gross national product (GNP) as previously used in national accounts)