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Laos GDP

Laos' GDP rose to $16.5 billion in 2024, up from $15.84 billion in 2023, according to World Bank. This represents an increase of 4.2% ($659.78 million) from the previous year and accounts for 0.01% of the world's total GDP. Laos has GDP lower than the global median ($16.50 billion vs median $35.85 billion). Compared with the median in Asia, Laos is lower ($16.50 billion vs regional median $98.96 billion) and ranks 41st out of 47 countries in Asia.

Laos' GDP per capita rose to $2,724.42 in 2024, up from $2,648.89 in 2023.

Yearly Historical Data (1984-2024)

(in Billion USD)
Year GDP (Billion USD)
2024 16.5
2023 15.84
2022 15.47
2021 18.83
2020 18.98
2019 18.74
2018 18.14
2017 17.07
2016 15.91
2015 14.43
2014 13.28
2013 11.98
2012 10.19
2011 8.75
2010 7.13
2009 5.84
2008 5.45
2007 4.22
2006 3.46
2005 2.74
2004 2.37
2003 2.02
2002 1.76
2001 1.77
2000 1.73
1999 1.45
1998 1.28
1997 1.75
1996 1.87
1995 1.76
1994 1.54
1993 1.33
1992 1.13
1991 1.03
1990 0.87
1989 0.71
1988 0.6
1987 1.09
1986 1.78
1985 2.37
1984 1.76
Laos GDP : Definition
GDP measures the total value of all goods and services produced in Laos, measured in current US dollars. It is also called Nominal GDP.
Indicator Last Value Prior Value Period
GDP Annual Growth Rate 4.26% 3.75% 2024
GDP per Capita $2,724.42 $2,648.89 2024
GDP per Capita PPP $8,610.9 $8,372.16 2024
Real GDP $21.17B $20.3B 2024