Laos: Fiscal balance, percent of GDP

* indicates monthly or quarterly data series
 Laos

Fiscal balance, percent of GDP

 Latest value -0.64
 Year 2023
 Measure percent
 Data availability 2001 - 2023
 Average -2.92
 Min - Max -6.33 - 4.23
 Source Bank of the Lao PDR
For that indicator, we provide data for Laos from 2001 to 2023. The average value for Laos during that period was -2.92 percent with a minimum of -6.33 percent in 2013 and a maximum of 4.23 percent in 2001. The latest value from 2023 is -0.64 percent. For comparison, the world average in 2023 based on 112 countries is -3.16 percent. See the global rankings for that indicator or use the country comparator to compare trends over time.
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* indicates monthly or quarterly data series


Recent values chart
Laos - Fiscal balance, percent of GDP - Recent values chart

Historical chart
Laos - Fiscal balance, percent of GDP - historical chart - 2001-2023




Definition: The fiscal (budget) balance is the difference between government revenue and government expenditure. We express the value as percent of GDP to relate it to the size of the economy.

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 Related indicators Latest value 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 134.52 2022 percent
 Commercial tax rate 24.10 2019 percent
 Tax preparation time 362 2019 hours
 Number of taxes 35 2019 taxes
 Foreign aid 569.16 2021 million U.S. dollars
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