Tax revenue in Lao People's Democratic Republic
Lao People's Democratic Republic: Tax revenue was 12.1% in 2022. ▼ Falling
Tax revenue in Lao People's Democratic Republic, 2008–2022
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
Lao People's Democratic Republic recorded 12.1% for tax revenue in 2022.
Compared with earlier readings it is up 16.6% on the previous year and down 11.0% over ten years.
Over the whole period, tax revenue in Lao People's Democratic Republic peaked at 13.8% in 2014 and was at its lowest, 9.4%, in 2020.
That places Lao People's Democratic Republic 116th out of 157 countries with data for 2022, putting it in the middle of the range.
The long-run direction has been consistently falling across the 15 years of available data.
Tax revenue in Lao People's Democratic Republic, year by year
| Year | % of GDP | Change |
|---|---|---|
| 2008 | 12.1% | — |
| 2009 | 12.8% | +5.4% |
| 2010 | 13.0% | +2.1% |
| 2011 | 13.1% | +0.9% |
| 2012 | 13.6% | +3.5% |
| 2013 | 13.7% | +1.0% |
| 2014 | 13.8% | +0.7% |
| 2015 | 13.5% | -2.3% |
| 2016 | 12.9% | -4.2% |
| 2017 | 12.2% | -5.4% |
| 2018 | 11.7% | -4.2% |
| 2019 | 11.5% | -2.2% |
| 2020 | 9.4% | -18.0% |
| 2021 | 10.4% | +10.5% |
| 2022 | 12.1% | +16.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 12.4% | 12.1% | 12.8% | 2 |
| 2010s | 12.9% | 11.5% | 13.8% | 10 |
| 2020s | 10.6% | 9.4% | 12.1% | 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 tax revenue in Lao People's Democratic Republic?
- Tax revenue in Lao People's Democratic Republic was 12.1% in 2022, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest tax revenue recorded in Lao People's Democratic Republic?
- The highest recorded value was 13.8% in 2014.
- What is the lowest tax revenue recorded in Lao People's Democratic Republic?
- The lowest recorded value was 9.4% in 2020.
- How does Lao People's Democratic Republic rank for tax revenue?
- Lao People's Democratic Republic ranks 116th out of 157 countries with data for 2022.
- Is tax revenue rising or falling in Lao People's Democratic Republic?
- Over the last ten years it is down 11.0%. 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 Tax revenue (% of GDP). Statizoid updates them automatically from the source API.
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About this data
Taxes are compulsory, unrequited payments, in cash or in kind, made by institutional units to government units. 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.