Goods and services expense in Lao People's Democratic Republic
Lao People's Democratic Republic: Goods and services expense was 17.0% in 2022. ▼ Falling
Goods and services expense in Lao People's Democratic Republic, 2008–2022
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of expense.
Analysis
In 2022, goods and services expense in Lao People's Democratic Republic stood at 17.0%.
The figure is up 1.0% on the previous year and down 34.9% over ten years.
Over the whole period, goods and services expense in Lao People's Democratic Republic peaked at 29.1% in 2014 and was at its lowest, 15.8%, in 2020.
Lao People's Democratic Republic ranks 58th of 154 countries on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 15 years of available data.
Goods and services expense in Lao People's Democratic Republic, year by year
| Year | % of expense | Change |
|---|---|---|
| 2008 | 27.3% | — |
| 2009 | 26.8% | -1.9% |
| 2010 | 28.6% | +6.7% |
| 2011 | 27.8% | -3.1% |
| 2012 | 26.2% | -5.7% |
| 2013 | 23.5% | -10.2% |
| 2014 | 29.1% | +24.0% |
| 2015 | 28.7% | -1.5% |
| 2016 | 25.1% | -12.4% |
| 2017 | 17.6% | -29.9% |
| 2018 | 16.8% | -4.7% |
| 2019 | 17.8% | +6.2% |
| 2020 | 15.8% | -11.4% |
| 2021 | 16.9% | +6.7% |
| 2022 | 17.0% | +1.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 27.1% | 26.8% | 27.3% | 2 |
| 2010s | 24.1% | 16.8% | 29.1% | 10 |
| 2020s | 16.6% | 15.8% | 17.0% | 3 |
Countries ranked near Lao People's Democratic Republic
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 goods and services expense in Lao People's Democratic Republic?
- Goods and services expense in Lao People's Democratic Republic was 17.0% 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 Lao People's Democratic Republic?
- The highest recorded value was 29.1% in 2014.
- What is the lowest goods and services expense recorded in Lao People's Democratic Republic?
- The lowest recorded value was 15.8% in 2020.
- How does Lao People's Democratic Republic rank for goods and services expense?
- Lao People's Democratic Republic ranks 58th out of 154 countries with data for 2022.
- Is goods and services expense rising or falling in Lao People's Democratic Republic?
- Over the last ten years it is down 34.9%. 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 Goods and services expense (% of expense). 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
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 own account capital formation is excluded. This indicator is expressed as percentage of total expenses which is any decrease in net worth resulting from a transaction.