Laos

Description of Laos

Laos, a landlocked country in Southeast Asia, is a nation of rich cultural heritage and stunning natural beauty. As one of the region's least developed countries, Laos faces unique challenges and opportunities in its path to economic growth and stability. With a population known for their resilience and strong sense of community, Laos is poised to make significant strides in key sectors such as agriculture, tourism, and infrastructure development. By delving into the intricate web of geopolitics, macroeconomics, and global dynamics shaping Laos's trajectory, we aim to provide insightful analysis and foresight into the country's future prospects and challenges.

Population And Age Structure

Laos has a total population of 7,319,399, ranking 102 out of 194 countries. This population is significantly below the global average of 40,097,746. Laos also has 31.37% of its population aged 0-14, which is above the average of 27.34%, ranking 67 out of 194 countries. The total number of individuals in this age group in Laos is 2,296,412.

For the population aged 15-64, Laos has a total of 4,709,820 individuals, ranking 101 out of 194 countries. This is below the global average of 26,003,407. In terms of the percentage of population aged 15-64, Laos is at 64.35%, slightly above the average of 63.44%, ranking 102 out of 194 countries.

Regarding the population aged 65 and above, Laos has 313,166 individuals, which is far below the average of 3,766,959. This places Laos at rank 121 out of 194 countries for this age group, with individuals aged 65 and above constituting 4.28% of the total population, compared to the global average of 9.22%, ranking Laos at 131.

Summary

Laos has a relatively small total population compared to the global average, with a significant percentage of the population falling in the 0-14 age group. The country also has a higher percentage of individuals aged 65 and above compared to the global average. These demographic indicators are crucial as they provide insights into the age distribution within the population, which can impact various aspects such as workforce productivity, healthcare needs, and social welfare policies.

Population Miscellaneous

Laos' rural population stands at 4,663,189, significantly below the average rural population of 18,044,041. Laos is ranked 79th out of 190 countries in this category.

The rural population of Laos (% of total population) is 63.71%, which surpasses the average of 41.16%. Laos ranks 36th out of 190 countries for this metric.

Laos' urban population is 2,656,210, notably lower than the average urban population of 22,425,747. Laos holds the 120th position out of 194 countries in urban population.

With an urban population (% of total population) of 36.29%, Laos falls below the average of 59.69%. The country ranks 159th out of 194 nations in this aspect.

Laos' age dependency ratio (% of working-age population) is 55.41, slightly lower than the average of 59.22. Laos is positioned 93rd out of 194 countries based on this ratio.

The crude birth rate in Laos is 22.449 per 1,000 people, higher than the average of 19.384. Laos ranks 64th out of 192 countries in this regard.

Laos' crude death rate is 6.366 per 1,000 people, below the average of 8.214. The country ranks 141st out of 192 nations for this statistic.

Laos' total fertility rate is 2.541 births per woman, slightly below the average of 2.603. In this category, Laos secures the 75th position out of 190 countries.

Summary

Laos has a relatively high rural population compared to its urban population, with a significant age dependency ratio. The country also exhibits a higher crude birth rate but a lower crude death rate than the global average. Despite a slightly lower total fertility rate, Laos maintains a moderate ranking compared to other countries in these key demographic indicators. These statistics are crucial for policymakers and analysts to understand the country's demographic structure, workforce dynamics, and potential healthcare needs for sustainable development and economic planning.

Military

Laos has an arms import value of 17,000,000 which is below the average of 205,522,123. Laos ranks 76 out of 113 countries in this aspect. In terms of total armed forces personnel, Laos has 129,000 individuals, lower than the average of 165,908. Laos is ranked 47 out of 164 countries in this regard. Furthermore, the percentage of armed forces personnel (4.36%) in Laos is significantly higher than the average of 1.28%. Laos is ranked 8 out of 164 countries for this statistic.

Summary

Laos has a below-average arms import value, ranking 76 out of 113 countries, indicating a relatively lower level of dependency on imported arms. Despite having a smaller number of total armed forces personnel compared to the average, Laos has a higher percentage of its population serving in the armed forces, ranking 8 out of 164 countries. These indicators are important as they reflect Laos' military self-sufficiency and the significant contribution of its population to national defense.

Natural Resources

Laos has a forest area of 165,955 sq. km, ranking 41 out of 191 countries. With an attribute average of 211,606.11 sq. km, Laos falls below the global average by 45,651.11 sq. km.

Regarding land area, Laos possesses 230,800 sq. km, placing it at rank 79 out of 194 countries. The country's land area is significantly lower than the average of 665,166.51 sq. km.

Laos's surface area is 236,800 sq. km, ranking 82 out of 194 countries. The average surface area is 689,779.56 sq. km, making Laos below the global average by 452,979.56 sq. km.

With 1,224,000 hectares of arable land, Laos ranks 101 out of 190 countries. It falls short of the average arable land of 7,329,543.16 hectares.

Laos's land under cereal production is 1,052,522 hectares, ranking 76 out of 174 countries. This figure is notably lower than the average of 4,206,011.63 hectares.

For average precipitation depth, Laos receives 1,834 mm per year, placing it at rank 37 out of 178 countries. The global average is 1,157.83 mm per year.

Laos has a total renewable internal freshwater resource of 190.4 billion cubic meters, ranking 37 out of 178 countries. It falls below the average of 240.41 billion cubic meters.

Summary

Laos's land metrics, such as forest area, land area, surface area, arable land, and land under cereal production, all rank below global averages. The country's average precipitation depth and renewable internal freshwater resources also fall short of global norms. These indicators are crucial as they reveal Laos's environmental capacity, agricultural potential, and water availability relative to other countries, highlighting areas where the nation may need to focus on for sustainable development and resource management.

Resource Rents

Laos has total natural resources rents accounting for 2.82% of its GDP, which is below the average of 4.63%. This places Laos at rank 71 out of 175 countries.

Regarding forest rents, Laos contributes 1.59% of its GDP, slightly above the average of 1.53%. This places Laos at rank 45 out of 174 countries.

When it comes to mineral rents, Laos contributes 1.23% of its GDP, just slightly above the average of 1.23%. Laos ranks 24 out of 86 countries in this aspect.

Summary

Laos has below-average natural resources rents relative to its GDP, ranking 71 out of 175 countries. However, the country exceeds the average forest rents contribution and ranks 45 out of 174 countries. Additionally, Laos slightly surpasses the average mineral rents share, placing it at rank 24 out of 86 countries in this category. These statistics are crucial as they highlight Laos's utilization of its natural resources and its standing compared to other nations, indicating areas of strength and potential growth in its resource-based industries.

Commodities

Laos has a cereal production of 4,202,725 metric tons, which is below the average of 17,249,945 metric tons, ranking 65th out of 174 countries.

Regarding aquaculture production, Laos produces 130,020 metric tons, significantly lower than the average of 679,642.92 metric tons. Laos ranks 33rd out of 180 countries in this aspect.

Laos has a capture fisheries production of 70,001 metric tons, falling below the average of 467,453.06 metric tons, ranking 88th out of 190 countries.

For total fisheries production, Laos produces 200,021 metric tons which is less than the average of 1,153,914.85 metric tons, placing Laos at the 61st position out of 182 countries.

Laos has a fertilizer consumption of 53.19 kilograms per hectare of arable land, lower than the average of 159.04 kilograms. Laos ranks 118th out of 187 countries in terms of fertilizer consumption.

Summary

Laos falls below the global average in key agricultural and fisheries production metrics such as cereal, aquaculture, and capture fisheries production. Additionally, its fertilizer consumption per hectare of arable land is significantly lower than the global average. These statistics indicate potential challenges in achieving food security, sustainable agriculture, and economic growth in Laos, highlighting the need for increased investment and modernization in the agricultural sector.

Intellectual Property

Laos has 36 Industrial design applications by count, significantly below the attribute average of 1415.83, ranking 91 out of 112 countries. On the other hand, Laos has 89.36 Scientific and technical journal articles, also below the attribute average of 15103.76, ranking 134 out of 192 countries.

Summary

Laos exhibits low numbers of Industrial design applications and Scientific and technical journal articles compared to global averages and rankings. This suggests a potential lack of innovation and research output in the country, which could hinder its technological advancement, economic growth, and competitiveness on the global stage.

Broad Economy Attributes

- The GDP (current US$) of Laos is 18,981,800,705.08, which is significantly below the average GDP of 442,870,224,838.68. Laos ranks 111 out of 189 countries in this attribute.
- Laos' GDP, PPP (current international $) is 60,010,555,485.04, notably lower than the average GDP of 734,141,122,350.78. Laos ranks 100 out of 181 countries in this aspect.
- The GDP per capita (current US$) in Laos is 2,593.36, considerably lower than the average GDP per capita of 15,462.11. Laos ranks 135 out of 190 countries in this category.
- Laos' GDP per capita, PPP (current international $) is 8,198.84, significantly below the average GDP per capita of 21,251.89. Laos ranks 116 out of 181 countries in this aspect.
- Laos' GNI (current US$) is 17,853,650,704.91, much lower than the average GNI of 452,040,815,370.70. Laos ranks 111 out of 185 countries in this attribute.
- Laos' GNI, PPP (current international $) is 56,443,933,475.24, significantly below the average GNI of 730,698,223,823.47. Laos ranks 100 out of 181 countries in this aspect.
- The GNI per capita, PPP (current international $) in Laos is 7,710, noticeably lower than the average GNI per capita of 20,615.75. Laos ranks 120 out of 181 countries in this category.

Summary

Laos' key macroeconomic indicators, including GDP, GDP per capita, and GNI, show that the country lags behind global averages and ranks relatively low among other nations. This highlights Laos' economic challenges and the need for targeted policies to improve economic growth, boost income levels, and enhance overall economic development.

Broad Value Added

1. Gross value added at basic prices (GVA) (current US$): Laos has a focus country value of 17,046,421,910.67, which is significantly below the attribute average of 360,070,943,595.12. Laos ranks 106 out of 176 countries in this category.

2. Agriculture, forestry, and fishing, value added (% of GDP): Laos' value of 16.34% is above the attribute average of 10.86%. Laos ranks 49 out of 182 countries for this statistic.

3. Agriculture, forestry, and fishing, value added (current US$): At 3,101,201,490.70, Laos falls short of the attribute average by a large margin. Laos holds the 92nd position out of 182 countries in this aspect.

4. Services, value added (% of GDP): Laos' value of 41.05% is below the attribute average of 56.72%. The country ranks 166 out of 183 nations for this metric.

5. Services, value added (current US$): Laos registers 7,792,010,082.19, significantly lower than the attribute average. Laos holds the 120th position out of 183 countries for this indicator.

6. Industry (including construction), value added (current US$): Laos' value of 6,153,210,337.76 is notably lower than the attribute average, resulting in a rank of 105 out of 183 countries in this category.

Summary

Laos exhibits a mixed economic performance across key indicators. While the country excels in agriculture, forestry, and fishing sectors, with values above global averages, its GVA and services sectors fall below expectations. The low rank in GVA and service sectors indicates a potential need for diversification and growth in these areas to enhance overall economic performance and competitiveness.

Manufacturing Value Added

Laos' Manufacturing, value added (current US$) is $1.46 billion, which is significantly below the attribute average of $76.21 billion. Laos ranks 116 out of 173 countries in this category.

For Manufacturing, value added (% of GDP), Laos has a value of 7.68%, below the attribute average of 11.90%. Laos is ranked 124 out of 173 countries in this metric.

In terms of Medium and high-tech manufacturing value added (% manufacturing value added), Laos' value is 3.77%, well below the average of 24.49%. Laos ranks 136 out of 149 countries in this aspect.

Summary

Laos' manufacturing sector lags behind the global average across multiple indicators. With manufacturing value added at $1.46 billion, significantly lower than the average of $76.21 billion, and with a lower percentage contribution to GDP and medium to high-tech manufacturing, Laos faces challenges in diversifying its economy and increasing industrial competitiveness.

Money

Inflation, consumer prices (annual %): Laos has an inflation rate of 5.10%, which is below the attribute average of 8.26%. Laos ranks 36 out of 165 countries included in the data for this attribute.

Inflation, GDP deflator (annual %): Laos has an inflation rate (GDP deflator) of 5.03%, also below the attribute average of 6.90%. Laos ranks 45 out of 188 countries included in the data for this attribute.

Summary

Laos maintains a relatively low inflation rate for both consumer prices and GDP deflator in comparison to the global averages. This indicates a stable economic environment with controlled price levels, fostering favorable conditions for sustainable economic growth and investment. Laos' rankings among other countries reflect its prudent macroeconomic policies and potential attractiveness for investors seeking stable returns.

Investment

Regarding Foreign direct investment, net (BoP, current US$), Laos has a value of -967,706,086.20, which is above the attribute average of -1,615,235,980.51. Laos ranks 112 out of 169 countries in this dataset.

For Foreign direct investment, net inflows (BoP, current US$), Laos has a value of 967,706,086.20, below the attribute average of 5,749,271,080.15. Laos ranks 75 out of 182 countries.

In terms of Foreign direct investment, net inflows (% of GDP), Laos stands at 5.10%, surpassing the attribute average of 2.61%. Laos holds the 36th rank out of 178 countries.

For Portfolio Investment, net (BoP, current US$), Laos records 256,514,687.43, falling below the attribute average of 679,559,169.57. Laos is ranked 53 out of 159 countries in this aspect.

Concerning Portfolio investment, bonds (PPG + PNG) (NFL, current US$), Laos shows a value of -237,628,000, well under the attribute average of 4,134,263,915.25. Laos ranks 47 out of 59 countries in this category.

For Portfolio equity, net inflows (BoP, current US$), Laos has a value of -917,960.75, significantly lower than the attribute average of 9,197,145,994.70. Laos ranks 72 out of 125 countries based on this metric.

Summary

Laos experiences a mix of performance in key macroeconomic indicators. While the country lags in terms of foreign direct investment and portfolio investment compared to global averages, it outperforms in terms of the percentage of GDP allocated to foreign direct investment. These indicators are crucial as they reflect Laos' attractiveness to foreign investors, its ability to finance its economy through portfolio investments, and its level of integration into the global financial system.

Debt

Laos' Total debt service (% of GNI) is 4.41%, which is below the average of 5.98%. Laos ranks 56 out of 120 countries in this attribute.

For Public and publicly guaranteed debt service (% of GNI), Laos' value is 3.58%, above the average of 2.84%. Laos ranks 36 out of 120 countries.

When it comes to External debt stocks (% of GNI), Laos stands at 114.85%, significantly higher than the average of 65.42%. Laos ranks 14 out of 120 countries in this aspect.

Debt service on external debt, total (TDS, current US$) for Laos is $787,694,043.5, below the average of $9,811,195,839.23. Laos ranks 70 out of 123 countries.

Looking at Debt service on external debt, public and publicly guaranteed (PPG) (TDS, current US$), Laos' value is $639,787,898.1, which is below the average of $3,310,612,057.60. Laos ranks 56 out of 123 countries in this measure.

For External debt stocks, public and publicly guaranteed (PPG) (DOD, current US$), Laos holds $10,664,691,917.2, falling below the average of $28,695,879,145. Laos ranks 54 out of 123 countries.

External debt stocks, private nonguaranteed (PNG) (DOD, current US$) for Laos amount to $8,781,724,838.4, also below the average of $33,734,699,285.22. Laos ranks 39 out of 91 countries in this regard.

For External debt stocks, total (DOD, current US$), Laos' value is $20,504,092,135.1, significantly below the average of $73,845,530,111.82. Laos ranks 50 out of 123 countries in this metric.

Summary

Laos performs relatively well in terms of total debt service (% of GNI) and public and publicly guaranteed debt service (% of GNI) when compared to the average values across 120 countries. However, Laos has a significantly higher External debt stocks (% of GNI) and falls below average in various external debt-related metrics. These statistics are crucial as they indicate Laos' level of indebtedness, its ability to service debts, and the composition of its external debt, which can impact its economic stability and development prospects.

Broad Trade Attributes

Analysis of Merchandise trade (% of GDP): Laos has a value of 60.51%, which is slightly above the average of 60.01%. Laos ranks 62 out of 186 countries in this attribute data.

Analysis of Trade in services (% of GDP): Laos has a value of 4.17%, significantly below the average of 24.63%. Laos ranks 168 out of 171 countries in this attribute data.

Summary

Laos has a high merchandise trade (% of GDP) at 60.51%, slightly above the global average, ranking 62 out of 186 countries. However, its trade in services (% of GDP) is significantly low at 4.17%, ranking 168 out of 171 countries. These indicators are crucial as they reflect Laos' heavy reliance on merchandise trade and the potential underdevelopment of its service sector, signaling areas for potential economic diversification and growth strategies.

Net Trade

- The Current account balance (BoP, current US$) for Laos is -230,973,434.69, significantly below the average of $1,443,864,831.49. Laos ranks 88th out of 170 countries in this attribute.
- Laos's Current account balance (% of GDP) is at -1.22%, lower than the average of -2.36%. Laos ranks 82nd out of 170 countries in this aspect.
- Laos's Net trade in goods and services (BoP, current US$) stands at $645,249,039.53, notably lower than the average of $2,604,730,003.57. Laos ranks 55th out of 171 countries in this category.
- The Net primary income (BoP, current US$) for Laos is -1,128,148,058.42, below the average of -$903,807,529.74. Laos holds the 107th rank out of 170 countries in this measure.
- Laos's Net secondary income (BoP, current US$) is $251,925,584.19, higher than the average of -$269,227,340.40. Laos ranks 93rd out of 170 countries in this attribute.
- Laos's Net trade in goods (BoP, current US$) is $744,530,807.80, below the average of $1,302,831,005.68. Laos holds the 58th rank out of 171 countries in this aspect.
- The Net capital account (BoP, current US$) for Laos is $12,622,086.20, considerably less than the average of $136,543,824.05. Laos ranks 103rd out of 159 countries in this attribute.
- Laos's Net financial account (BoP, current US$) stands at -757,420,487.72, lower than the average of -$469,840,994.63. Laos ranks 108th out of 170 countries in this category.

Summary

Laos faces challenges in its current account balance, with a deficit of $230,973,434.69 and a negative percentage of GDP at -1.22%. Despite positive figures in net secondary income, the country struggles with net primary income. These indicators are crucial as they reflect Laos's trade position, economic stability, and financial health in the global market.

Broad Export Attributes

Laos has an Exports of goods, services and primary income (BoP) valued at $6.54 billion, ranking 105th out of 170 countries. This value is significantly below the average for this attribute, which stands at $146.24 billion.

Laos's Exports of goods and services (BoP) amount to $6.46 billion, placing it at the 102nd position out of 170 countries. The country's performance in this area is notably lower than the average of $122.94 billion.

Regarding Goods exports (BoP), Laos achieves $6.11 billion, ranking 93rd out of 171 countries. This value is notably lower than the average of $93.31 billion for this attribute.

Laos's International tourism receipts account for 3.51% of its total exports. This places Laos at the 59th position out of 120 countries, highlighting that the country's performance in this sector is below the average of 9.74%.

Laos's ICT goods exports contribute to 4.48% of its total goods exports, positioning it at 26th out of 142 countries. Laos outperforms the average of 3.81% for this attribute.

Summary

Laos lags behind global averages in terms of exports of goods, services, primary income, and goods exports. However, the country outperforms the global average in international tourism receipts and ICT goods exports as a percentage of total goods exports. These statistics are important as they indicate Laos' relative strengths and weaknesses in key sectors of its economy, highlighting areas for potential growth and development.

Merchandise Exports

Laos has merchandise exports totaling $6.12 billion, ranking 101 out of 187 countries. This is significantly below the average of $89.54 billion.

The country's agricultural raw materials exports account for 10.33% of its total merchandise exports, placing Laos at rank 10 out of 151 countries. This figure is notably higher than the average of 2.97%.

With food exports making up 28.07% of its merchandise exports, Laos ranks 45 out of 152 countries. This value is above the average of 24.06%.

Laos's fuel exports represent 16.87% of its merchandise exports, positioning the country at rank 36 out of 147 countries. This figure exceeds the average of 13.70%.

In terms of ores and metals exports, Laos allocates 15.74% of its merchandise exports to this category, ranking 26 out of 152 countries. This value also surpasses the average of 9.10%.

Summary

Laos has a unique export profile with a significant focus on agricultural raw materials, food, fuel, and ores/metals. Its emphasis on agricultural and food exports demonstrates a strong reliance on the primary sector for economic activity. This concentration in specific export categories highlights Laos's comparative advantage in these areas, shaping its economic development strategy and trade relationships.

Technology Exports

Laos has manufactures exports accounting for 20.01% of its merchandise exports, which is below the average of 42.62%. This places Laos at rank 101 out of 152 countries in this dataset.

Laos's high-technology exports amount to $235,751,311, significantly below the average of $16,655,934,078.80. Laos ranks 69 out of 151 countries in this category.

With high-technology exports comprising 23.16% of its manufactured exports, Laos surpasses the average of 10.15%. Laos ranks 15 out of 150 countries for this metric.

Regarding medium and high-tech exports as a percentage of manufactured exports, Laos stands at 22.85%, lower than the average of 34.29%. Laos ranks 88 out of 149 countries in this aspect.

Summary

Laos has a relatively lower share of manufactures exports and high-technology exports compared to the global averages, ranking moderately in both categories. However, Laos excels in the proportion of high-technology exports within its manufactured exports, outperforming the average and ranking quite well globally. These indicators are crucial as they reflect Laos's position in the global market, its level of technological advancement, and its potential for future economic growth and innovation.

Service Exports

1. Service exports (BoP, current US$): Laos has a service export value of $346,194,978.82, significantly below the average of $28,917,292,503.82. Laos is ranked 137 out of 171 countries in this attribute.

2. ICT service exports (BoP, current US$): Laos has a value of $37,279,782.56 for ICT service exports, well below the average of $4,578,501,153.77. Laos is ranked 114 out of 166 countries in this attribute.

3. ICT service exports (% of service exports, BoP): Laos's percentage for ICT service exports is 10.77%, slightly below the average of 11.75%. Laos is ranked 64 out of 166 countries in this attribute.

4. Communications, computer, etc. (% of service exports, BoP): Laos has a value of 12.90% in this category, significantly lower than the average of 45.85%. Laos is ranked 156 out of 169 countries in this attribute.

5. Transport services (% of service exports, BoP): With a value of 23.06%, Laos is above the average of 21.80%. Laos is ranked 66 out of 169 countries in this attribute.

6. Travel services (% of service exports, BoP): Laos excels in this category with a value of 61.58%, far above the average of 26.40%. Laos is ranked 16 out of 167 countries in this attribute.

7. Insurance and financial services (% of service exports, BoP): Laos lags behind with a value of 2.46%, compared to the average of 6.46%. Laos is ranked 102 out of 161 countries in this attribute.

Summary

Laos exhibits a mixed performance in key macroeconomic indicators related to service exports. While the country excels in travel services with a proportion of 61.58%, significantly above the global average, it lags behind in ICT service exports, communications, computer services, and insurance and financial services. Understanding these statistics is crucial as they reflect Laos's strengths and weaknesses in different service sectors, guiding policymakers in enhancing competitiveness and diversifying the economy.

Commercial Service Exports

Laos's Commercial service exports amount to $345,603,077.99, which is significantly below the average of $28,508,218,402.80, ranking Laos 133rd out of 171 countries in the dataset.

Travel services contribute 61.69% of Laos's commercial service exports, well above the average of 27.89%. This places Laos 20th out of 167 countries included in the data.

Computer, communications, and other services constitute 12.75% of Laos's commercial service exports, notably lower than the average of 42.44%. Laos ranks 150th out of 169 countries in this category.

Insurance and financial services make up 2.46% of Laos's commercial service exports, lower than the average of 6.97%. Laos holds the 104th rank out of 161 countries for this attribute.

In terms of Transport services, Laos dedicates 23.10% of its commercial service exports, slightly below the average of 23.37%. The country ranks 69th out of 169 countries for this aspect.

Summary

Laos's commercial service exports are significantly below the global average, with travel services being the key contributor, exceeding the global average by a large margin. On the other hand, computer, communications, and other services make up a smaller percentage compared to the global average. This data underscores Laos's heavy reliance on travel services and the need for diversification in its commercial service exports to align more closely with global trends and averages.

Broad Import Attributes

Laos has International tourism expenditures accounting for 4.47% of total imports, slightly above the average of 3.98%. It ranks 32 out of 131 countries in this attribute data.

For ICT goods imports (% total goods imports), Laos has a value of 5.95%, below the average of 6.85%. Laos ranks 59 out of 143 countries in this data set.

Regarding Goods imports (BoP, current US$), Laos has $5,370,321,4 significantly below the average of $92,007,788,027. It ranks 106 out of 171 countries in this dataset.

Imports of goods and services (BoP, current US$) in Laos amount to $5,815,879,961, ranking Laos 118 out of 170 countries. This value is well below the average of $120,321,577,988.

Laos' Imports of goods, services, and primary income (BoP, current US$) stand at $7,026,933,883, placing Laos at rank 113 out of 170 countries. This value is significantly lower than the average of $144,514,428,722.

Summary

Laos has below-average values in key macroeconomic indicators related to international tourism expenditures, ICT goods imports, goods imports, and total imports of goods and services. These rankings signify Laos' relatively limited participation in global trade and commerce compared to the average of the countries in the datasets. It highlights the room for growth and potential opportunities for Laos to further integrate into the global economy and strengthen its trade relations to boost economic development.

Merchandise Imports

- Laos has a merchandise imports value of $5,370,000,000, ranking 116 out of 190 countries. This is significantly below the average merchandise imports value of $89,385,605,263.16.

- For Manufactures imports (% of merchandise imports), Laos has a value of 63.26%, ranking 103 out of 152 countries. This is slightly below the average of 66.76%.

- Laos's Agricultural raw materials imports (% of merchandise imports) is 2.68%, ranking 9 out of 152 countries, which is significantly above the average of 1.27%.

- In terms of Food imports (% of merchandise imports), Laos stands at 19.13%, ranking 45 out of 152 countries, which is above the average of 15.89%.

- Laos's Fuel imports (% of merchandise imports) account for 13.69%, ranking 50 out of 152 countries. This is above the average of 11.38%.

- Ores and metals imports (% of merchandise imports) for Laos stand at 1.23%, ranking 96 out of 152 countries, which is below the average of 2.57%.

Summary

Laos has a lower-than-average merchandise imports value at $5,370,000,000, ranking 116 out of 190 countries. The country's significant reliance on Manufactures imports and higher-than-average proportion of Agricultural raw materials imports showcase potential vulnerabilities in diversification. However, Laos's higher Food imports and Fuel imports percentages indicate a level of self-sufficiency in essential goods. Monitoring and potentially adjusting the import composition could enhance economic resilience and sustainability for Laos in the long term.

Service Imports

Laos has a Service imports (BoP, current US$) value of 445,476,747.08. This is significantly below the attribute average of 27,615,356,170.47. Laos ranks 146 out of 171 countries for this attribute.

For Communications, computer, etc. (% of service imports, BoP), Laos is at 13.74%, which is below the attribute average of 44.40%. Laos holds the 160th rank out of 169 countries.

Laos's Transport services (% of service imports, BoP) value of 26.21% falls slightly below the attribute average of 32.90%. Laos ranks 97 out of 169 countries for this attribute.

In Travel services (% of service imports, BoP), Laos stands out with a value of 56.39%, significantly above the attribute average of 14.14%. Laos holds an impressive 4th rank out of 169 countries.

Lastly, Laos has an Insurance and financial services (% of service imports, BoP) value of 3.65%, which is below the attribute average of 8.53%. Laos ranks 130th out of 169 countries for this attribute.

Summary

Laos exhibits a unique pattern in its key macroeconomic indicators for service imports. While the country's performance in Communications, Computer, etc. services and Insurance and financial services falls below the global average, it excels in Travel services, ranking 4th globally. This discrepancy suggests Laos has a specialization in the travel sector, which could be a strategic advantage for the country's economic development and trade relations.

Commercial Service Imports

Analysis of Commercial Service Imports (current US$): Laos's commercial service imports amount to $444,660,251.20, which is significantly below the average of $27,102,746,128.60. Laos ranks 146th out of 171 countries in this attribute.

Analysis of Computer, Communications and Other Services (% of commercial service imports): Laos allocates 13.59% of its commercial service imports to this category, well below the average of 41.71%. Laos ranks 155th out of 169 countries in this aspect.

Analysis of Insurance and Financial Services (% of commercial service imports): Laos dedicates 3.66% of its commercial service imports to insurance and financial services, which is lower than the average of 8.85%. Laos is ranked 132nd out of 169 countries.

Analysis of Transport Services (% of commercial service imports): Laos spends 26.26% of its commercial service imports on transport services, slightly below the average of 34.71%. With this, Laos holds the 99th rank out of 169 countries.

Analysis of Travel Services (% of commercial service imports): Laos allots a significant 56.50% of its commercial service imports to travel services, far exceeding the average of 14.73%. Laos ranks 4th out of 169 countries in this category.

Summary

Laos stands out for allocating a substantial portion of its commercial service imports to travel services, ranking 4th globally in this category. However, the country falls behind in allocating funds to computer, communications, and other services, ranking 155th. These findings are crucial as they highlight Laos's focus on tourism as a key economic driver, while also showcasing areas where the country may need to diversify and invest further to improve its overall economic competitiveness.

Infrastructure

Laos has 6,537 registered carrier departures worldwide, significantly below the attribute average of 134,365. Laos ranks 95th out of 149 countries in this data set.

Additionally, Laos carried 386,950 passengers, also well below the attribute average of 11,848,242. Laos ranks 94th out of 149 countries for passengers carried.

Summary

Laos lags behind in terms of registered carrier departures and passenger numbers compared to the global average, ranking 95th and 94th respectively out of 149 countries. This indicates a limited connectivity and lower participation in international air transportation networks.

Information Technology Infrastructure

1. Secure Internet servers: Laos has 384 secure internet servers, which is significantly below the attribute average of 458,294. Laos ranks 139 out of 193 countries in this aspect.

2. Secure Internet servers (per 1 million people): Laos has 52.46 secure internet servers per 1 million people, much lower than the attribute average of 14,067.17. Laos ranks 148 out of 193 countries.

3. Individuals using the Internet (% of population): Laos has 54% of its population using the internet, slightly below the attribute average of 64.77%. Laos ranks 122 out of 180 countries.

4. Fixed broadband subscriptions: Laos has 122,842 fixed broadband subscriptions, well below the attribute average of 6,591,956.35. Laos ranks 120 out of 185 countries.

5. Mobile cellular subscriptions: Laos has 4,636,690 mobile cellular subscriptions, significantly lower than the attribute average of 42,526,463.87. Laos ranks 123 out of 193 countries.

Summary

Laos lags behind the global average in key internet and technology indicators such as secure internet servers, internet users, fixed broadband subscriptions, and mobile cellular subscriptions. With lower than average values and rankings below the global average across these metrics, Laos faces challenges in digital connectivity and technology adoption. These indicators are crucial for economic development, social connectivity, and access to information in the modern world, highlighting the importance for Laos to invest in improving its technological infrastructure and digital access for its population.

Energy Consumption

Laos has a renewable energy consumption of 49.91% of total final energy consumption, which is above the average of 32.18%. This places Laos at rank 49 out of 191 countries in the dataset.

Regarding CO2 emissions, Laos emits 19,178.9 kt, significantly below the average of 171,895.94 kt. This places Laos at rank 86 out of 188 countries in the dataset.

Summary

Laos stands out for its high renewable energy consumption accounting for 49.91% of total final energy consumption, surpassing the global average of 32.18%. Additionally, the country's low CO2 emissions of 19,178.9 kt, compared to the average of 171,895.94 kt, reflect its environmentally conscious approach. These statistics are crucial as they demonstrate Laos' commitment to sustainable energy practices and environmental conservation, setting a positive example for other nations striving for a greener future.

Government Balance Sheet

Laos has a Total reserves (% of total external debt) of 6.79%, significantly below the attribute average of 66.13%. This places Laos at rank 100 out of 102 countries.

In terms of Reserves and related items (BoP, current US$), Laos has a value of $319,223,375.62, well below the attribute average of $1,924,407,186.58. Laos ranks 60 out of 171 countries in this aspect.

Laos's Total reserves minus gold (current US$) amount to $1,392,600,618.89, much lower than the attribute average of $74,221,588,171.61. This places Laos at rank 117 out of 161 countries.

With Total reserves (includes gold, current US$) of $1,392,600,618.89, Laos falls short of the attribute average of $85,708,019,773.47. Laos ranks 118 out of 161 countries for this attribute.

Laos's Total reserves in months of imports stand at 2.38, below the attribute average of 7.10. Laos is ranked 121 out of 151 countries in this aspect.

Summary

Laos lags behind the global average and ranks relatively low in key macroeconomic indicators related to reserves and external debt. With significantly lower values for Total reserves, Reserves minus gold, and Total reserves in months of imports compared to the attribute averages, Laos faces higher vulnerability to external economic shocks and may have limited ability to finance imports or stabilize its currency. These indicators highlight the importance for Laos to focus on building up its reserves and improving its capacity to withstand external pressures.

Taxes

Laos has a low applied weighted mean tariff rate for all products at 0.97%, which is significantly below the attribute average of 5.21%. This places Laos at a rank of 144 out of 153 countries included in the data.

Summary

Laos maintains a remarkably low applied weighted mean tariff rate of 0.97%, far below the global average of 5.21%. This places Laos at the 144th position out of 153 countries in the dataset, signifying its commitment to open trade policies. The low tariff rate is crucial as it promotes international trade, attracts foreign investment, and fosters economic growth by making imported goods more affordable for consumers and industries in Laos.

Top Stats

Ranks in Top Decile For:

Attribute	Rank/Total
Armed forces personnel (% of total labor force)	8/164
Agricultural raw materials exports (% of merchandise exports)	10/151
Travel services (% of service exports, BoP)	16/167
Agricultural raw materials imports (% of merchandise imports)	9/152
Travel services (% of service imports, BoP)	4/169
Travel services (% of commercial service imports)	4/169

Ranks in Bottom Decile For:

Attribute	Rank/Total
Services, value added (% of GDP)	166/183
Medium and high-tech manufacturing value added (% manufacturing value added)	136/149
Trade in services (% of GDP)	168/171
Communications, computer, etc. (% of service exports, BoP)	156/169
Communications, computer, etc. (% of service imports, BoP)	160/169
Computer, communications and other services (% of commercial service imports)	155/169
Total reserves (% of total external debt)	100/102
Tariff rate, applied, weighted mean, all products (%)	144/153