Trade openness — all countries

Trade openness — Laos

Trade openness in Laos in 2016 — 75.09%. Ranked 91 in the world out of 184. Since 1984, the indicator has risen by 65.99 pp.

2016 75.09% −10.71 pp vs 2015
World rank 91of 184
Period maximum 99.06%2014
Period minimum 9.11%1984

Trend over time

1984–2016 · % of GDP

Trade openness — Laos, 1984–201602550751001984198819921996200020042008201220161984: 9.11%1985: 13.8%1986: 11.32%1987: 20.12%1988: 45.53%1989: 44.13%1990: 35.85%1991: 38.18%1992: 44.13%1993: 52.63%1994: 64.81%1995: 60.55%1996: 63.76%1997: 65.16%1998: 84.27%1999: 80.06%2000: 68.84%2001: 65.9%2002: 67.25%2003: 60.57%2004: 66.08%2005: 71.79%2006: 81.96%2007: 79.21%2008: 81.85%2009: 76.93%2010: 84.72%2011: 91.7%2012: 98.19%2013: 98.18%2014: 99.06%2015: 85.8%2016: 75.09%
Change over the period: +65.99 pp Annual average: 2.06 pp

Comparison, 2016

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

Laos 75.09%
World 53.79%
South-Eastern Asia computed 108.61%
Trade openness — Laos, by year Laos All countries CSV XLSX
Year % Change, pp
2016 75.09 −10.71 pp
2015 85.8 −13.26 pp
2014 99.06 +0.88 pp
2013 98.18 −0.01 pp
2012 98.19 +6.49 pp
2011 91.7 +6.98 pp
2010 84.72 +7.79 pp
2009 76.93 −4.92 pp
2008 81.85 +2.64 pp
2007 79.21 −2.75 pp
2006 81.96 +10.17 pp
2005 71.79 +5.71 pp
2004 66.08 +5.51 pp
2003 60.57 −6.68 pp
2002 67.25 +1.36 pp
2001 65.9 −2.94 pp
2000 68.84 −11.22 pp
1999 80.06 −4.21 pp
1998 84.27 +19.11 pp
1997 65.16 +1.4 pp
1996 63.76 +3.2 pp
1995 60.55 −4.25 pp
1994 64.81 +12.18 pp
1993 52.63 +8.5 pp
1992 44.13 +5.95 pp
1991 38.18 +2.34 pp
1990 35.85 −8.28 pp
1989 44.13 −1.4 pp
1988 45.53 +25.41 pp
1987 20.12 +8.8 pp
1986 11.32 −2.49 pp
1985 13.8 +4.7 pp
1984 9.11

About the indicator

The sum of exports and imports of goods and services as a percent of GDP — the standard indicator of the trade openness of an economy. Values above 100% are not an anomaly: they mean that trade turnover exceeds annual GDP, which is typical of trading hubs and of small economies built into supply chains.

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