Service exports — all countries

Service exports — Laos

Service exports in Laos in 2024 — 1,731,787,405 US$. Ranked 113 in the world out of 165. Since 1984, the indicator has risen by 11,368.8%.

2024 1.73B US$ +30.47% vs 2023
World rank 113of 165
Period maximum 1.73B US$2024
Period minimum 15.1M US$1984

Trend over time

1984–2024 · US$

Service exports — Laos, 1984–20240500M1B1.5B2B198419881992199620002004200820122016202020241984: 15,100,000 US$1985: 21,300,000 US$1986: 24,400,000 US$1987: 26,300,000 US$1988: 17,800,000 US$1989: 22,500,000 US$1990: 23,700,000 US$1991: 37,800,000 US$1992: 19,000,000 US$1993: 112,100,000 US$1994: 112,400,000 US$1995: 111,600,000 US$1996: 99,000,000 US$1997: 232,300,000 US$1998: 293,700,000 US$1999: 221,900,000 US$2000: 175,650,000 US$2001: 166,071,395 US$2002: 176,179,225 US$2003: 127,406,769 US$2004: 178,767,144 US$2005: 204,234,943 US$2006: 223,433,240 US$2007: 278,141,114 US$2008: 401,625,279 US$2009: 397,262,023 US$2010: 510,993,903 US$2011: 549,642,790 US$2012: 643,350,306 US$2013: 780,633,799 US$2014: 764,443,208 US$2015: 844,072,870 US$2016: 834,652,681 US$2017: 780,560,351 US$2018: 985,352,654 US$2019: 1,179,236,085 US$2020: 346,561,964 US$2021: 125,329,558 US$2022: 406,097,057 US$2023: 1,327,343,036 US$2024: 1,731,787,405 US$
Change over the period: +1.72B (+11,368.79%) Average annual rate: 12.59 %

Comparison, 2024

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

Laos 1.73B US$
World 8.85T US$
South-Eastern Asia computed 647B US$
Lower-middle-income countries computed 639B US$
Service exports — Laos, by year Laos All countries CSV XLSX
Year US$ Change Change, %
2024 1.73B +404M +30.47%
2023 1.33B +921M +226.85%
2022 406M +281M +224.02%
2021 125M −221M −63.84%
2020 347M −833M −70.61%
2019 1.18B +194M +19.68%
2018 985M +205M +26.24%
2017 781M −54.09M −6.48%
2016 835M −9.42M −1.12%
2015 844M +79.63M +10.42%
2014 764M −16.19M −2.07%
2013 781M +137M +21.34%
2012 643M +93.71M +17.05%
2011 550M +38.65M +7.56%
2010 511M +114M +28.63%
2009 397M −4.36M −1.09%
2008 402M +123M +44.4%
2007 278M +54.71M +24.49%
2006 223M +19.2M +9.4%
2005 204M +25.47M +14.25%
2004 179M +51.36M +40.31%
2003 127M −48.77M −27.68%
2002 176M +10.11M +6.09%
2001 166M −9.58M −5.45%
2000 176M −46.25M −20.84%
1999 222M −71.8M −24.45%
1998 294M +61.4M +26.43%
1997 232M +133M +134.65%
1996 99M −12.6M −11.29%
1995 112M −800,000 −0.71%
1994 112M +300,000 +0.27%
1993 112M +93.1M +490%
1992 19M −18.8M −49.74%
1991 37.8M +14.1M +59.49%
1990 23.7M +1.2M +5.33%
1989 22.5M +4.7M +26.4%
1988 17.8M −8.5M −32.32%
1987 26.3M +1.9M +7.79%
1986 24.4M +3.1M +14.55%
1985 21.3M +6.2M +41.06%
1984 15.1M

About the indicator

Exports of services: travel and tourism, transport, communications, insurance, financial and business services, royalties, computer and information services. For dozens of countries this flow is larger than merchandise exports, and not only for the obvious tourist destinations: India, Ireland and the Philippines ended up near the top of the list on software and business services. Services, unlike goods, do not pass through customs, so they are estimated from banking and survey statistics and are measured less precisely.

Important: It serves as the denominator for the share of ICT services in service exports. It excludes investment income and compensation of employees — those are counted separately, in the primary income account.

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