Customs and other import duties in Lao People's Democratic Republic
Lao People's Democratic Republic: Customs and other import duties was 8.3% in 2022. ▼ Falling
Customs and other import duties in Lao People's Democratic Republic, 2008–2022
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of tax revenue.
Analysis
The most recent figure for customs and other import duties in Lao People's Democratic Republic is 8.3%, measured in 2022.
The figure is up 33.1% on the previous year and down 12.1% over ten years.
Over the whole period, customs and other import duties in Lao People's Democratic Republic peaked at 11.7% in 2008 and was at its lowest, 5.2%, in 2019.
That places Lao People's Democratic Republic 64th out of 151 countries with data for 2022, putting it in the middle of the range.
The long-run direction has been consistently falling across the 15 years of available data.
Customs and other import duties in Lao People's Democratic Republic, year by year
| Year | % of tax revenue | Change |
|---|---|---|
| 2008 | 11.7% | — |
| 2009 | 11.5% | -2.1% |
| 2010 | 10.8% | -5.3% |
| 2011 | 10.4% | -3.7% |
| 2012 | 9.4% | -9.7% |
| 2013 | 9.3% | -0.9% |
| 2014 | 9.0% | -3.2% |
| 2015 | 8.6% | -5.3% |
| 2016 | 10.3% | +20.4% |
| 2017 | 5.6% | -45.4% |
| 2018 | 5.9% | +5.2% |
| 2019 | 5.2% | -11.5% |
| 2020 | 6.6% | +26.3% |
| 2021 | 6.2% | -6.0% |
| 2022 | 8.3% | +33.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 11.6% | 11.5% | 11.7% | 2 |
| 2010s | 8.5% | 5.2% | 10.8% | 10 |
| 2020s | 7.0% | 6.2% | 8.3% | 3 |
Countries ranked near Lao People's Democratic Republic
- 61 Trinidad and Tobago 8.7% compare
- 62 Zimbabwe 8.6% compare
- 63 Ecuador 8.3% compare
- 65 Uzbekistan 8.0% compare
- 66 Azerbaijan 8.0% compare
- 67 Russian Federation 7.4% compare
More public sector data for Lao People's Democratic Republic
- 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)
- Arms imports (SIPRI trend indicator values), gaps filled 7.00 million SIPRI trend indicator values (2024)
- Military expenditure (current USD), per capita 3.43 current USD per person (2013)
- Military expenditure (current USD), per unit of GDP 0.0019 current USD per US$ of GDP (2013)
- Military expenditure (current USD), annual growth rate 11.56 % change on previous year (2013)
- Military expenditure (current USD), gaps filled 22.68 million current USD (2013)
- Arms imports (SIPRI trend indicator values), per square kilometre 13 SIPRI trend indicator values per square kilometre (2023)
Frequently asked questions
- What is customs and other import duties in Lao People's Democratic Republic?
- Customs and other import duties in Lao People's Democratic Republic was 8.3% in 2022, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest customs and other import duties recorded in Lao People's Democratic Republic?
- The highest recorded value was 11.7% in 2008.
- What is the lowest customs and other import duties recorded in Lao People's Democratic Republic?
- The lowest recorded value was 5.2% in 2019.
- How does Lao People's Democratic Republic rank for customs and other import duties?
- Lao People's Democratic Republic ranks 64th out of 151 countries with data for 2022.
- Is customs and other import duties rising or falling in Lao People's Democratic Republic?
- Over the last ten years it is down 12.1%. The long-run trend across the full record is falling.
- Where does this Lao People's Democratic Republic data come from?
- The figures come from Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Customs and other import duties (% of tax revenue). Statizoid updates them automatically from the source API.
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About this data
Taxes and duties on imports are taxes on goods and services that become payable at the moment when goods enter the economic territory or when services are delivered by non-resident producers to residents. This indicator is expressed as a percentage of tax revenue which includes compulsory, unrequited payments, in cash or in kind, made by institutional units to government units.