Laos: Government spending, percent of GDP
* indicates monthly or quarterly data series
Laos |
Government spending as percent of GDP |
---|---|
Latest value | 13.97 |
Year | 2016 |
Measure | percent |
Data availability | 1984 - 2016 |
Average | 10.15 |
Min - Max | 6.46 - 17.07 |
Source | The World Bank |
The latest value from 2016 is 13.97 percent, a decline from 15.11 percent in 2015. In comparison, the world average is 16.59 percent, based on data from 170 countries. Historically, the average for Laos from 1984 to 2016 is 10.15 percent. The minimum value, 6.46 percent, was reached in 2000 while the maximum of 17.07 percent was recorded in 2013.
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* indicates monthly or quarterly data series
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The government size of Laos and other countries is calculated as the total government spending as percent of GDP.
Definition: General government final consumption expenditure (formerly general government consumption) includes all government current expenditures for purchases of goods and services (including compensation of employees). It also includes most expenditures on national defense and security, but excludes government military expenditures that are part of government capital formation.
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Related indicators | Latest | Reference | Measure |
---|---|---|---|
Government spending, percent of GDP | 13.97 | 2016 | percent |
Government spending, in dollars | 2.22 | 2016 | billion U.S. dollars |
Fiscal balance, percent of GDP | -0.64 | 2023 | percent |
Government debt | 115.88 | 2023 | percent |
Tax revenue | 12.11 | 2022 | percent |
Commercial tax rate | 24.10 | 2019 | percent |
Tax preparation time | 362 | 2019 | hours |
Number of taxes | 35 | 2019 | taxes |
Taxes on goods and services | 53.89 | 2022 | percent |
Taxes on international trade | 8.08 | 2022 | percent |
Income and profits taxes | 19.33 | 2022 | percent |
Foreign aid | 547.74 | 2022 | million U.S. dollars |