Goods and services expense (% of expense) in Laos
Laos: Goods and services expense (% of expense) was 17.0% in 2022. ▼ Falling
Goods and services expense in Laos, 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 Laos 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 Laos peaked at 29.1% in 2014 and was at its lowest, 15.8%, in 2020.
Laos 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 (% of expense) in Laos, 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% |
Laos compared with similar countries
- Laos's 17.0% is above the median for lower middle income countries, which is 16.3%, 1.0× the median. (36 countries reporting)
- Laos's 17.0% is below the median for East Asia & Pacific, which is 22.3%, 76% of the median. (25 countries reporting)
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 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 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 Laos?
- The highest recorded value was 29.1% in 2014.
- What is the lowest goods and services expense recorded in Laos?
- The lowest recorded value was 15.8% in 2020.
- How does Laos rank for goods and services expense?
- Laos ranks 58th out of 154 countries with data for 2022.
- Is goods and services expense rising or falling in Laos?
- Over the last ten years it is down 34.9%. The long-run trend across the full record is falling.
- 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 (% of expense). 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 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.