Laos: GDP share of agriculture

The latest value from 2023 is 16.14 percent, an increase from 14.87 percent in 2022. In comparison, the world average is 10.25 percent, based on data from 152 countries. Historically, the average for Laos from 1989 to 2023 is 28.87 percent. The minimum value, 14.87 percent, was reached in 2022 while the maximum of 51.85 percent was recorded in 1997. See the global rankings for that indicator or use the country comparator to compare trends over time.

The importance of agriculture in the economy of Laos and other countries is measured as the value added of the agricultural sector as percent of GDP. Agriculture includes forestry, hunting, and fishing, as well as the cultivation of crops and livestock production.

Definition: Agriculture, forestry, and fishing corresponds to ISIC divisions 1-3 and includes forestry, hunting, and fishing, as well as cultivation of crops and livestock production. Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources. The origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 4. Note: For VAB countries, gross value added at factor cost is used as the denominator.