In 2017, real GDP in Lao People’s Democratic Republic was 140,749,142 million LCU. In the ranking by real GDP including 196 countries, Lao People’s Democratic Republic has the 13th rank that is close to the positions of such countries as Paraguay and the United Republic of Tanzania. Compared to Iran which at the top of the ranking with real GDP of 15,316,529,600 million LCU in 2017, Lao People’s Democratic Republic has 99.08 % percent lower real GDP.The description is composed by our digital data assistant.
Expenditure-based gross domestic product is total final expenditure at purchasers’ prices (including final consumption expenditure, gross fixed capital formation, changes in inventories, valuables and f.o.b. value of exports of goods and services), less the f.o.b. value of imports of goods and services.