Goods and services expense (current LCU) in Laos
Laos: Goods and services expense (current LCU) was 3.81 trillion current LCU in 2022. ▲ Rising
Goods and services expense in Laos, 2008–2022
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in current LCU.
Analysis
Laos recorded 3.81 trillion current LCU for goods and services expense in 2022.
The figure is up 15.1% on the previous year and up 62.6% over ten years.
Over the whole period, goods and services expense in Laos peaked at 5.01 trillion current LCU in 2015 and was at its lowest, 1.40 trillion current LCU, in 2008.
That places Laos 17th out of 155 countries with data for 2022, putting it in the top quarter.
The long-run direction has been consistently rising across the 15 years of available data.
Goods and services expense (current LCU) in Laos, year by year
| Year | current LCU | Change |
|---|---|---|
| 2008 | 1.40 trillion current LCU | — |
| 2009 | 1.54 trillion current LCU | +9.3% |
| 2010 | 1.86 trillion current LCU | +21.1% |
| 2011 | 2.10 trillion current LCU | +12.7% |
| 2012 | 2.35 trillion current LCU | +11.9% |
| 2013 | 3.71 trillion current LCU | +58.1% |
| 2014 | 4.82 trillion current LCU | +30.0% |
| 2015 | 5.01 trillion current LCU | +4.0% |
| 2016 | 4.51 trillion current LCU | -10.1% |
| 2017 | 3.06 trillion current LCU | -32.1% |
| 2018 | 3.15 trillion current LCU | +2.9% |
| 2019 | 3.61 trillion current LCU | +14.6% |
| 2020 | 3.11 trillion current LCU | -14.0% |
| 2021 | 3.31 trillion current LCU | +6.6% |
| 2022 | 3.81 trillion current LCU | +15.1% |
Laos compared with similar countries
- Laos's 3.81 trillion current LCU is above the median for lower middle income countries, which is 40.65 billion current LCU, 93.8× the median. (36 countries reporting)
- Laos's 3.81 trillion current LCU is above the median for East Asia & Pacific, which is 14.18 billion current LCU, 269.0× the median. (25 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 1.47 trillion current LCU | 1.40 trillion current LCU | 1.54 trillion current LCU | 2 |
| 2010s | 3.42 trillion current LCU | 1.86 trillion current LCU | 5.01 trillion current LCU | 10 |
| 2020s | 3.41 trillion current LCU | 3.11 trillion current LCU | 3.81 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 goods and services expense in Laos?
- Goods and services expense in Laos was 3.81 trillion current LCU in 2022, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest goods and services expense recorded in Laos?
- The highest recorded value was 5.01 trillion current LCU in 2015.
- What is the lowest goods and services expense recorded in Laos?
- The lowest recorded value was 1.40 trillion current LCU in 2008.
- How does Laos rank for goods and services expense?
- Laos ranks 17th out of 155 countries with data for 2022.
- Is goods and services expense rising or falling in Laos?
- Over the last ten years it is up 62.6%. 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 Goods and services expense (current LCU). Statizoid updates them automatically from the source API.
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About this data
Goods and services include all government payments in exchange for goods and services used for the production of market and nonmarket goods and services. Use of goods and services for account capital formation is excluded. 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.