Household consumption (% of GDP) — all countries

Household consumption (% of GDP) — Laos

Household consumption (% of GDP) in Laos in 2016 — 65.7%. Ranked 77 in the world out of 179. Since 1984, the indicator has fallen by 25.2 pp.

2016 65.7% −5.5 pp vs 2015
World rank 77of 179
Period maximum 93.9%1988
Period minimum 65.7%2016

Trend over time

1984–2016 · % of GDP

Household consumption (% of GDP) — Laos, 1984–2016607080901001984198819921996200020042008201220161984: 90.9%1985: 90%1986: 88.5%1987: 89.4%1988: 93.9%2000: 87.6%2001: 90.1%2002: 71.8%2003: 78.1%2004: 76.8%2005: 71.6%2006: 68%2007: 71.8%2008: 76.1%2009: 69.4%2010: 74.6%2011: 65.8%2012: 76.5%2013: 74.1%2014: 72.6%2015: 71.2%2016: 65.7%
Change over the period: −25.2 pp Annual average: -0.79 pp

Comparison, 2016

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

Laos 65.7%
World 57.1%
South-Eastern Asia computed 55.5%
Household consumption (% of GDP) — Laos, by year Laos All countries CSV XLSX
Year % Change, pp
2016 65.7 −5.5 pp
2015 71.2 −1.3 pp
2014 72.6 −1.5 pp
2013 74.1 −2.4 pp
2012 76.5 +10.7 pp
2011 65.8 −8.8 pp
2010 74.6 +5.1 pp
2009 69.4 −6.6 pp
2008 76.1 +4.3 pp
2007 71.8 +3.7 pp
2006 68 −3.6 pp
2005 71.6 −5.1 pp
2004 76.8 −1.4 pp
2003 78.1 +6.3 pp
2002 71.8 −18.3 pp
2001 90.1 +2.5 pp
2000 87.6
1988 93.9 +4.5 pp
1987 89.4 +0.9 pp
1986 88.5 −1.4 pp
1985 90 −0.9 pp
1984 90.9

About the indicator

Household final consumption expenditure as a percent of GDP — the market value of all goods and services bought by the population, including the imputed rent of owner-occupied housing. A low consumption share alongside a high share of capital formation is typical of investment- and export-driven economies; a high one, of countries short of savings.

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