Economic Growth in Laos
Laos's economy recorded an average growth rate of 5.4% in the decade leading to 2022, above the Asia-Pacific region's average of 4.4%. In 2022, Laos's real GDP growth was 2.7%. For more GDP information, visit our dedicated page.
Laos GDP Chart
Laos GDP Data
|Economic Growth (GDP, ann. var. %)||6.2||5.5||0.5||2.5||2.7|
|GDP (USD bn)||18.1||18.7||19.0||18.8||15.7|
|GDP (LAK bn)||152,414||162,657||171,705||182,584||220,695|
|Economic Growth (Nominal GDP, ann. var. %)||8.3||6.7||5.6||6.3||20.9|
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Laotian GDP projections for the next ten years from a panel of 9 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable GDP forecast available for Laotian GDP.
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