Subsidies and other transfers in Lao People's Democratic Republic
Lao People's Democratic Republic: Subsidies and other transfers was 11.7% in 2022. ▲ Rising
Subsidies and other transfers 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
Lao People's Democratic Republic recorded 11.7% for subsidies and other transfers in 2022.
That represents a change of down 15.3% on the previous year and up 6.4% over ten years.
Over the whole period, subsidies and other transfers in Lao People's Democratic Republic peaked at 14.2% in 2020 and was at its lowest, 6.9%, in 2014.
That places Lao People's Democratic Republic 145th out of 152 countries with data for 2022, putting it in the bottom quarter.
The long-run direction has been consistently rising across the 15 years of available data.
Subsidies and other transfers in Lao People's Democratic Republic, year by year
| Year | % of expense | Change |
|---|---|---|
| 2008 | 10.1% | — |
| 2009 | 10.0% | -1.3% |
| 2010 | 12.5% | +24.9% |
| 2011 | 11.9% | -4.4% |
| 2012 | 11.0% | -7.6% |
| 2013 | 7.1% | -35.7% |
| 2014 | 6.9% | -2.7% |
| 2015 | 7.4% | +6.9% |
| 2016 | 8.3% | +13.1% |
| 2017 | 12.5% | +49.5% |
| 2018 | 12.5% | +0.3% |
| 2019 | 14.1% | +12.4% |
| 2020 | 14.2% | +1.1% |
| 2021 | 13.8% | -2.7% |
| 2022 | 11.7% | -15.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 10.0% | 10.0% | 10.1% | 2 |
| 2010s | 10.4% | 6.9% | 14.1% | 10 |
| 2020s | 13.3% | 11.7% | 14.2% | 3 |
Countries ranked near Lao People's Democratic Republic
- 142 Zambia 12.6% compare
- 143 Guinea-Bissau 11.9% compare
- 144 Mozambique 11.9% compare
- 146 Saudi Arabia 11.3% compare
- 147 Democratic Republic of Congo 10.7% compare
- 148 Tonga 10.6% 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 subsidies and other transfers in Lao People's Democratic Republic?
- Subsidies and other transfers in Lao People's Democratic Republic was 11.7% in 2022, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest subsidies and other transfers recorded in Lao People's Democratic Republic?
- The highest recorded value was 14.2% in 2020.
- What is the lowest subsidies and other transfers recorded in Lao People's Democratic Republic?
- The lowest recorded value was 6.9% in 2014.
- How does Lao People's Democratic Republic rank for subsidies and other transfers?
- Lao People's Democratic Republic ranks 145th out of 152 countries with data for 2022.
- Is subsidies and other transfers rising or falling in Lao People's Democratic Republic?
- Over the last ten years it is up 6.4%. The long-run trend across the full record is rising.
- 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 Subsidies and other transfers (% of expense). Statizoid updates them automatically from the source API.
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About this data
Subsidies are current unrequited payments that government units, including nonresident government units, make to enterprises on the basis of the levels of their production activities or the quantities or values of the goods or services that they produce, sell, export or import. This indicator is expressed as percentage of total expenses which is any decrease in net worth resulting from a transaction.