Taxes on goods and services in Lao People's Democratic Republic
Lao People's Democratic Republic: Taxes on goods and services was 10.7% in 2022. ▬ Flat
Taxes on goods and services in Lao People's Democratic Republic, 2008–2022
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % value added of industry and services.
Analysis
Lao People's Democratic Republic recorded 10.7% for taxes on goods and services in 2022.
Compared with earlier readings it is up 6.8% on the previous year and down 8.1% over ten years.
Over the whole period, taxes on goods and services in Lao People's Democratic Republic peaked at 13.1% in 2014 and was at its lowest, 9.3%, in 2020.
That places Lao People's Democratic Republic 70th out of 154 countries with data for 2022, putting it in the middle of the range.
Taxes on goods and services in Lao People's Democratic Republic, year by year
| Year | % value added of industry and services | Change |
|---|---|---|
| 2008 | 9.8% | — |
| 2009 | 10.6% | +8.6% |
| 2010 | 11.7% | +9.7% |
| 2011 | 11.5% | -1.1% |
| 2012 | 11.7% | +1.1% |
| 2013 | 12.2% | +4.5% |
| 2014 | 13.1% | +7.6% |
| 2015 | 12.9% | -1.4% |
| 2016 | 12.5% | -3.5% |
| 2017 | 12.3% | -1.5% |
| 2018 | 11.6% | -6.0% |
| 2019 | 11.4% | -1.2% |
| 2020 | 9.3% | -18.8% |
| 2021 | 10.0% | +8.3% |
| 2022 | 10.7% | +6.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 10.2% | 9.8% | 10.6% | 2 |
| 2010s | 12.1% | 11.4% | 13.1% | 10 |
| 2020s | 10.0% | 9.3% | 10.7% | 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 taxes on goods and services in Lao People's Democratic Republic?
- Taxes on goods and services in Lao People's Democratic Republic was 10.7% in 2022, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest taxes on goods and services recorded in Lao People's Democratic Republic?
- The highest recorded value was 13.1% in 2014.
- What is the lowest taxes on goods and services recorded in Lao People's Democratic Republic?
- The lowest recorded value was 9.3% in 2020.
- How does Lao People's Democratic Republic rank for taxes on goods and services?
- Lao People's Democratic Republic ranks 70th out of 154 countries with data for 2022.
- Is taxes on goods and services rising or falling in Lao People's Democratic Republic?
- Over the last ten years it is down 8.1%. The long-run trend across the full record is flat.
- 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 Taxes on goods and services (% value added of industry and services). Statizoid updates them automatically from the source API.
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About this data
General taxes on goods and services are taxes levied on the production, leasing, delivery, sale, purchase or other change of ownership of a wide range of goods and the provision of a wide range of services. This indicator is expressed as a percentage of value added in industry and services which is the contribution to the economy by industries in ISIC (Rev. 3) divisions 05-43 and 50-99.