The gross domestic product (GDP) in current prices in Laos was forecast to continuously decrease between 2024 and 2029 by in total 4.2 billion U.S. dollars (-28.09 percent). According to this forecast, in 2029, the GDP will have decreased for the fifth consecutive year to 10.75 billion U.S. dollars. This indicator describes the gross domestic product at current prices, consistent with the definition given by the International Monetary Fund. This means that the values are based upon the GDP in national currency converted to U.S. dollars using market exchange rates (yearly average). The GDP represents the total value of final goods and services produced during a year.
Find more key insights for the gross domestic product (GDP) in current prices in countries like Timor-Leste, Malaysia, and Indonesia.
Laos: Gross domestic product (GDP) in current prices from 1989 to 2029
(in billion U.S. dollars)
Characteristic
Gross domestic product in billion U.S. dollars
2029*
10.75
2028*
11.55
2027*
12.41
2026*
13.44
2025*
14.44
2024*
14.95
2023
14.94
2022
15.12
2021
18.53
2020
18.51
2019
18.77
2018
18.13
2017
17.06
2016
15.9
2015
14.42
2014
13.27
2013
11.97
2012
10.19
2011
8.96
2010
7.51
2009
6.43
2008
5.95
2007
4.76
2006
3.93
2005
3.08
2004
2.65
2003
2.26
2002
1.84
2001
1.76
2000
1.72
1999
1.42
1998
1.33
1997
3.52
1996
3.73
1995
3.58
1994
3.08
1993
2.65
1992
2.35
1991
2.05
1990
1.74
1989
1.46
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IMF. (October 22, 2024). Laos: Gross domestic product (GDP) in current prices from 1989 to 2029 (in billion U.S. dollars) [Graph]. In Statista. Retrieved December 02, 2024, from https://www.statista.com/statistics/804939/gross-domestic-product-gdp-in-laos/
IMF. "Laos: Gross domestic product (GDP) in current prices from 1989 to 2029 (in billion U.S. dollars)." Chart. October 22, 2024. Statista. Accessed December 02, 2024. https://www.statista.com/statistics/804939/gross-domestic-product-gdp-in-laos/
IMF. (2024). Laos: Gross domestic product (GDP) in current prices from 1989 to 2029 (in billion U.S. dollars). Statista. Statista Inc.. Accessed: December 02, 2024. https://www.statista.com/statistics/804939/gross-domestic-product-gdp-in-laos/
IMF. "Laos: Gross Domestic Product (Gdp) in Current Prices from 1989 to 2029 (in Billion U.S. Dollars)." Statista, Statista Inc., 22 Oct 2024, https://www.statista.com/statistics/804939/gross-domestic-product-gdp-in-laos/
IMF, Laos: Gross domestic product (GDP) in current prices from 1989 to 2029 (in billion U.S. dollars) Statista, https://www.statista.com/statistics/804939/gross-domestic-product-gdp-in-laos/ (last visited December 02, 2024)
Laos: Gross domestic product (GDP) in current prices from 1989 to 2029 (in billion U.S. dollars) [Graph], IMF, October 22, 2024. [Online]. Available: https://www.statista.com/statistics/804939/gross-domestic-product-gdp-in-laos/