Laos: Trade balance, percent of GDP
* indicates monthly or quarterly data series
| Laos |
Trade balance as percent of GDP |
|---|---|
| Latest value | -8.67 |
| Year | 2016 |
| Measure | percent |
| Data availability | 1984 - 2016 |
| Average | -12.83 |
| Min - Max | -22.43 - -3.58 |
| Source | The World Bank |
The latest value from 2016 is -8.67 percent, an increase from -17.89 percent in 2015. In comparison, the world average is -5.44 percent, based on data from 174 countries. Historically, the average for Laos from 1984 to 2016 is -12.83 percent. The minimum value, -22.43 percent, was reached in 2012 while the maximum of -3.58 percent was recorded in 1984.
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* indicates monthly or quarterly data series
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The trade balance for Laos and other countries is calculated as the difference between the exports and imports of goods and services, as percent of GDP. A positive number means trade surplus and a negative number means trade deficit.
Definition: External balance on goods and services (formerly resource balance) equals exports of goods and services minus imports of goods and services (previously nonfactor services).
Selected articles from our guide:
What factors determine the exchange rates
International lending and sovereign debt
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| Related indicators | Latest | Reference | Measure |
|---|---|---|---|
| Terms of trade | 169.69 | 2021 | percent |
| Trade openness | 75.09 | 2016 | percent |
| Financial openness | -1.242 | 2021 | index points |
| Exports, percent of GDP | 33.21 | 2016 | percent |
| Exports, billion dollars | 5.28 | 2016 | billion U.S. dollars |
| Growth of exports | 10.46 | 2016 | percent |
| Imports, percent of GDP | 41.88 | 2016 | percent |
| Imports, billion dollars | 6.66 | 2016 | billion U.S. dollars |
| Foreign Direct Investment, percent of GDP | 10.53 | 2023 | percent |
| Foreign Direct Investment, billion dollars | 1.78 | 2023 | billion U.S. dollars |
| Portfolio investment inflows, equities | -0.18 | 2023 | million dollars (current) |
| Current account, percent of GDP | 1.20 | 2023 | percent |
| Current account, in dollars | 0.40 | 2023 | billion U.S. dollars |
| Trade balance, percent of GDP | -8.67 | 2016 | percent |
| Trade balance, in dollars | 1.10 | 2023 | billion U.S. dollars |
| Reserves | 1.77 | 2023 | billion U.S. dollars |
| Remittances, percent of GDP | 1.42 | 2023 | percent |
| Remittances | 225.00 | 2023 | million U.S. dollars |
| Net errors and omissions | -597.90 | 2023 | million USD |
| External debt | 130.74 | 2022 | percent |
| Short-term external debt | 0.70 | 2023 | percent |
| Short-term debt to reserves | 7.92 | 2023 | percent |
| Foreign exchange reserves | 1.89 | 11/2024 | billion |