Gross national savings — all countries

Gross national savings — Laos

Gross national savings in Laos in 2016 — 17.6%. Ranked 113 in the world out of 164. Since 1984, the indicator has risen by 12.6 pp.

2016 17.6% +6.9 pp vs 2015
World rank 113of 164
Period maximum 22.6%2006
Period minimum -0.6%1988

Trend over time

1984–2016 · % of GDP

Gross national savings — Laos, 1984–2016-1001020301984198819921996200020042008201220161984: 5%1985: 3.4%1986: 4.6%1987: 4.7%1988: -0.6%2000: 8.5%2001: 1.4%2002: 18.4%2003: 10.6%2004: 14.7%2005: 20.2%2006: 22.6%2007: 19.1%2008: 14%2009: 16.6%2010: 9.7%2011: 18.4%2012: 6.9%2013: 5.7%2014: 10.2%2015: 10.7%2016: 17.6%
Change over the period: +12.6 pp Annual average: 0.4 pp

Comparison, 2016

How the value compares with the world and the groups this territory belongs to: Laos

Laos 17.6%
World 25.8%
South-Eastern Asia computed 32.1%
Gross national savings — Laos, by year Laos All countries CSV XLSX
Year % Change, pp
2016 17.6 +6.9 pp
2015 10.7 +0.6 pp
2014 10.2 +4.5 pp
2013 5.7 −1.2 pp
2012 6.9 −11.5 pp
2011 18.4 +8.7 pp
2010 9.7 −6.9 pp
2009 16.6 +2.6 pp
2008 14 −5.1 pp
2007 19.1 −3.4 pp
2006 22.6 +2.3 pp
2005 20.2 +5.5 pp
2004 14.7 +4.2 pp
2003 10.6 −7.8 pp
2002 18.4 +17 pp
2001 1.4 −7.1 pp
2000 8.5
1988 -0.6 −5.4 pp
1987 4.7 +0.2 pp
1986 4.6 +1.1 pp
1985 3.4 −1.6 pp
1984 5

About the indicator

Gross national savings as a percent of GDP — what is left of national income after all consumption, private and public. Savings and capital formation differ by the balance of external transactions: a country that saves more than it invests at home exports capital, and one that invests more than it saves imports it. Hence the stable link with the current account balance, which is exactly what this indicator makes visible.

Important: The difference between savings and capital formation is approximately equal to the current account balance — that is an identity of the national accounts, not a coincidence.

Source: World Development Indicators (World Bank), license CC BY 4.0.