Compensation of employees (current LCU) in Laos
Laos: Compensation of employees (current LCU) was 12.14 trillion current LCU in 2022. ▲ Rising
Compensation of employees in Laos, 2008–2022
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
In 2022, compensation of employees in Laos stood at 12.14 trillion current LCU. That is the highest value across all 15 years on record.
Compared with earlier readings it is up 6.0% on the previous year and up 202.6% over ten years.
Over the whole period, compensation of employees in Laos peaked at 12.14 trillion current LCU in 2022 and was at its lowest, 2.44 trillion current LCU, in 2008.
That places Laos 11th out of 156 countries with data for 2022, putting it in the top 10%.
The long-run direction has been consistently rising across the 15 years of available data.
Compensation of employees (current LCU) in Laos, year by year
| Year | current LCU | Change |
|---|---|---|
| 2008 | 2.44 trillion current LCU | — |
| 2009 | 2.80 trillion current LCU | +15.1% |
| 2010 | 2.69 trillion current LCU | -4.1% |
| 2011 | 3.14 trillion current LCU | +16.8% |
| 2012 | 4.01 trillion current LCU | +27.8% |
| 2013 | 8.88 trillion current LCU | +121.4% |
| 2014 | 8.49 trillion current LCU | -4.5% |
| 2015 | 8.76 trillion current LCU | +3.3% |
| 2016 | 9.21 trillion current LCU | +5.0% |
| 2017 | 10.21 trillion current LCU | +10.9% |
| 2018 | 10.65 trillion current LCU | +4.3% |
| 2019 | 10.90 trillion current LCU | +2.3% |
| 2020 | 11.13 trillion current LCU | +2.1% |
| 2021 | 11.45 trillion current LCU | +2.9% |
| 2022 | 12.14 trillion current LCU | +6.0% |
Laos compared with similar countries
- Laos's 12.14 trillion current LCU is above the median for lower middle income countries, which is 145.99 billion current LCU, 83.2× the median. (36 countries reporting)
- Laos's 12.14 trillion current LCU is above the median for East Asia & Pacific, which is 23.59 billion current LCU, 514.8× the median. (25 countries reporting)
Biggest year-on-year movements
Years where Compensation of employees (current LCU) in Laos changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2013 | +121.4% | 4.01 trillion current LCU | 8.88 trillion current LCU |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 2.62 trillion current LCU | 2.44 trillion current LCU | 2.80 trillion current LCU | 2 |
| 2010s | 7.70 trillion current LCU | 2.69 trillion current LCU | 10.90 trillion current LCU | 10 |
| 2020s | 11.58 trillion current LCU | 11.13 trillion current LCU | 12.14 trillion current LCU | 3 |
Countries ranked near Laos
More public sector data for Laos
- Democracy, annual growth rate 0 % change on previous year (2025)
- Chief executive of the government is elected, annual growth rate 0 % change on previous year (2025)
- Elected parliament, annual growth rate 0 % change on previous year (2025)
- Men's universal right to vote, annual growth rate 0 % change on previous year (2025)
- Universal right to vote, annual growth rate 0 % change on previous year (2025)
- Universal right to vote in practice, annual growth rate 0 % change on previous year (2025)
- Arms imports 7.00 million SIPRI trend indicator values (2024)
- Arms imports (SIPRI trend indicator values), per capita 0.9009 SIPRI trend indicator values per person (2024)
- Arms imports (SIPRI trend indicator values), per unit of GDP 0.0004 SIPRI trend indicator values per US$ of GDP (2024)
- Arms imports (SIPRI trend indicator values), annual growth rate 133.33 % change on previous year (2024)
Frequently asked questions
- What is compensation of employees in Laos?
- Compensation of employees in Laos was 12.14 trillion current LCU in 2022, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest compensation of employees recorded in Laos?
- The highest recorded value was 12.14 trillion current LCU in 2022.
- What is the lowest compensation of employees recorded in Laos?
- The lowest recorded value was 2.44 trillion current LCU in 2008.
- How does Laos rank for compensation of employees?
- Laos ranks 11th out of 156 countries with data for 2022.
- Is compensation of employees rising or falling in Laos?
- Over the last ten years it is up 202.6%. The long-run trend across the full record is rising.
- Where does this Laos data come from?
- The figures come from Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Compensation of employees (current LCU). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 15 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Compensation of employees is defined as the total remuneration, in cash or in kind, payable by an enterprise to an employee in return for work done by the latter during the accounting period. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.