Taxes on international trade in Lao People's Democratic Republic
Lao People's Democratic Republic: Taxes on international trade was 8.1% in 2022. ▼ Falling
Taxes on international trade in Lao People's Democratic Republic, 2008–2022
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of revenue.
Analysis
In 2022, taxes on international trade in Lao People's Democratic Republic stood at 8.1%.
The figure is up 81.5% on the previous year and up 19.1% over ten years.
Over the whole period, taxes on international trade in Lao People's Democratic Republic peaked at 9.5% in 2009 and was at its lowest, 4.0%, in 2019.
That places Lao People's Democratic Republic 48th out of 154 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.
Taxes on international trade in Lao People's Democratic Republic, year by year
| Year | % of revenue | Change |
|---|---|---|
| 2008 | 9.0% | — |
| 2009 | 9.5% | +5.0% |
| 2010 | 7.4% | -22.4% |
| 2011 | 7.8% | +5.6% |
| 2012 | 6.8% | -12.8% |
| 2013 | 6.6% | -2.4% |
| 2014 | 7.4% | +12.0% |
| 2015 | 6.6% | -10.3% |
| 2016 | 8.6% | +29.0% |
| 2017 | 4.4% | -49.2% |
| 2018 | 4.4% | +1.6% |
| 2019 | 4.0% | -8.8% |
| 2020 | 5.0% | +23.0% |
| 2021 | 4.4% | -10.5% |
| 2022 | 8.1% | +81.5% |
Lao People's Democratic Republic compared with similar countries
- Lao People's Democratic Republic's 8.1% is above the median for lower middle income countries, which is 7.8%, 1.0× the median. (36 countries reporting)
- Lao People's Democratic Republic's 8.1% is above the median for East Asia & Pacific, which is 4.5%, 1.8× the median. (25 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 9.3% | 9.0% | 9.5% | 2 |
| 2010s | 6.4% | 4.0% | 8.6% | 10 |
| 2020s | 5.8% | 4.4% | 8.1% | 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 taxes on international trade in Lao People's Democratic Republic?
- Taxes on international trade in Lao People's Democratic Republic was 8.1% in 2022, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest taxes on international trade recorded in Lao People's Democratic Republic?
- The highest recorded value was 9.5% in 2009.
- What is the lowest taxes on international trade recorded in Lao People's Democratic Republic?
- The lowest recorded value was 4.0% in 2019.
- How does Lao People's Democratic Republic rank for taxes on international trade?
- Lao People's Democratic Republic ranks 48th out of 154 countries with data for 2022.
- Is taxes on international trade rising or falling in Lao People's Democratic Republic?
- Over the last ten years it is up 19.1%. 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 Taxes on international trade (% of revenue). Statizoid updates them automatically from the source API.
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About this data
Taxes on international trade are taxes that become payable when goods cross the national or customs frontiers of the economic territory or when transactions in services exchange between residents and non-residents. This indicator is expressed as a percentage of revenue which includes all transactions that add to the amount of economic value of a unit or sector.