Laos: Household consumption, in dollars

The latest value from 2016 is 10.45 billion U.S. dollars, an increase from 10.28 billion U.S. dollars in 2015. In comparison, the world average is 252.68 billion U.S. dollars, based on data from 169 countries. Historically, the average for Laos from 1984 to 2016 is 4.01 billion U.S. dollars. The minimum value, 0.56 billion U.S. dollars, was reached in 1988 while the maximum of 10.45 billion U.S. dollars was recorded in 2016. See the global rankings for that indicator or use the country comparator to compare trends over time.

Definition: Household final consumption expenditure (formerly private consumption) is the market value of all goods and services, including durable products (such as cars, washing machines, and home computers), purchased by households. It excludes purchases of dwellings but includes imputed rent for owner-occupied dwellings. It also includes payments and fees to governments to obtain permits and licenses. Here, household consumption expenditure includes the expenditures of nonprofit institutions serving households, even when reported separately by the country. Data are in current U.S. dollars.