Net incurrence of liabilities, total (% of GDP) in Laos
Laos: Net incurrence of liabilities, total (% of GDP) was 0.6% in 2022. ◆ Volatile
Net incurrence of liabilities, total in Laos, 2008–2022
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
The most recent figure for net incurrence of liabilities, total in Laos is 0.6%, measured in 2022.
That represents a change of up 334.2% on the previous year and down 33.7% over ten years.
Over the whole period, net incurrence of liabilities, total in Laos peaked at 6.1% in 2017 and was at its lowest, 0.1%, in 2021.
Laos ranks 112th of 136 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Net incurrence of liabilities, total (% of GDP) in Laos, year by year
| Year | % of GDP | Change |
|---|---|---|
| 2008 | 2.4% | — |
| 2009 | 1.8% | -24.6% |
| 2010 | 2.0% | +9.0% |
| 2011 | 1.9% | -6.0% |
| 2012 | 0.9% | -53.2% |
| 2013 | 0.5% | -47.0% |
| 2014 | 1.2% | +157.5% |
| 2015 | 3.2% | +165.5% |
| 2016 | 2.5% | -21.2% |
| 2017 | 6.1% | +140.4% |
| 2018 | 2.4% | -59.9% |
| 2019 | 2.6% | +7.9% |
| 2020 | 3.8% | +45.1% |
| 2021 | 0.1% | -96.5% |
| 2022 | 0.6% | +334.2% |
Laos compared with similar countries
- Laos's 0.6% is below the median for lower middle income countries, which is 2.9%, 20% of the median. (34 countries reporting)
- Laos's 0.6% is below the median for East Asia & Pacific, which is 2.0%, 29% of the median. (24 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 2.1% | 1.8% | 2.4% | 2 |
| 2010s | 2.3% | 0.5% | 6.1% | 10 |
| 2020s | 1.5% | 0.1% | 3.8% | 3 |
Countries ranked near Laos
- 109 Zambia 0.8% compare
- 110 Lesotho 0.7% compare
- 111 United Arab Emirates 0.6% compare
- 113 Mongolia 0.5% compare
- 114 Switzerland 0.5% compare
- 115 Tajikistan 0.4% compare
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 net incurrence of liabilities, total in Laos?
- Net incurrence of liabilities, total in Laos was 0.6% in 2022, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest net incurrence of liabilities, total recorded in Laos?
- The highest recorded value was 6.1% in 2017.
- What is the lowest net incurrence of liabilities, total recorded in Laos?
- The lowest recorded value was 0.1% in 2021.
- How does Laos rank for net incurrence of liabilities, total?
- Laos ranks 112th out of 136 countries with data for 2022.
- Is net incurrence of liabilities, total rising or falling in Laos?
- Over the last ten years it is down 33.7%. The long-run trend across the full record is volatile.
- 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 Net incurrence of liabilities, total (% of GDP). Statizoid updates them automatically from the source API.
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About this data
Net incurrence of government liabilities includes foreign financing (obtained from nonresidents) and domestic financing (obtained from residents), or the means by which a government provides financial resources to cover a budget deficit or allocates financial resources arising from a budget surplus. The net incurrence of liabilities should be offset by the net acquisition of financial assets. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.