Lao PDR's adjusted savings, net national savings (current US$) was US$506.12 million in 2016, the latest year in the World Bank's World Development Indicators. That is up 39.13% from US$363.76 million in 2006 (3.36% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | US$506.12 million | 2016 |
| Five years earlier | US$397.41 million | 2011 |
| Ten years earlier | US$363.76 million | 2006 |
| Highest | US$506.12 million | 2016 |
| Lowest | −US$801.25 million | 2013 |
| Average since 2007 | −US$114.67 million | 2007–2016 |
| First recorded | −US$103.11 million |
What the numbers say
In 2016, Lao PDR's adjusted savings, net national savings (current US$) rose US$947.92 million on 2015 (from −US$441.8 million to US$506.12 million).
Across the 19 yearly changes before that (1985 to 2015), the average change was −US$14.9 million and a typical year strayed about US$361.44 million from that (the standard deviation). This year's change was 2.7 standard deviations above that average, so it was unusually large compared with the rest of the record.
On record, the biggest yearly rise was US$947.92 million in 2016 and the biggest yearly fall was US$947.97 million in 2012. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.
From 2007 to 2016 there is no clear straight-line trend: a straight line explains 6% of the movement over 10 observed years, so the value is moving around more than it is heading anywhere.
Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.
What this measures
Net national savings are equal to gross national savings less the value of consumption of fixed capital. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.
All 22 values
| Year | Adjusted savings, net national savings (current US$) |
|---|---|
| 2016 | 506,119,537 |
| 2015 | -441,799,205 |
| 2014 | -329,567,581 |
| 2013 | -801,245,664 |
| 2012 | -550,559,672 |
| 2011 | 397,414,843 |
| 2010 | -373,115,083 |
| 2009 | 143,738,436 |
| 2008 | 13,246,294 |
| 2007 | 289,047,857 |
Adjusted savings, net national savings (current US$) in nearby economies
- Australia — US$134.41 billion (2021)
- Brunei Darussalam — US$5.41 billion (2021)
- Cambodia — US$4.97 billion (2021)
- China — US$3.3 trillion (2021)
- Fiji — US$169.06 million (2020)
- Hong Kong SAR, China — US$36.15 billion (2021)
- Indonesia — US$157.76 billion (2021)
- Japan — US$96.19 billion (2021)
- Kiribati — US$92.32 million (2020)
More economic policy & debt data for Lao PDR
- Grants, excluding technical cooperation (BoP, current US$) — US$347.91 million (2023)
- Technical cooperation grants (BoP, current US$) — US$90.18 million (2023)
- Net bilateral aid flows from DAC donors, Japan (current US$) — US$41.74 million (2023)
- Net bilateral aid flows from DAC donors, Total (current US$) — US$435.39 million (2023)
- Net official development assistance and official aid received (current US$) — US$514.84 million (2023)
- Net official development assistance and official aid received (constant 2023 US$) — US$514.84 million (2023)
- Net official development assistance received (current US$) — US$514.84 million (2023)
- Net official development assistance received (constant 2023 US$)
Reading data like this
Questions people ask
- What is Lao PDR's adjusted savings, net national savings (current US$)?
- US$506.12 million in 2016, according to the World Bank (World Development Indicators).
- How has it changed since 1984?
- It is up 590.87% from −US$103.11 million in 1984. The highest value was US$506.12 million in 2016 and the lowest −US$801.25 million in 2013.
- Is the latest change in adjusted savings, net national savings (current US$) unusual for Lao PDR?
- In 2016, Lao PDR's adjusted savings, net national savings (current US$) rose US$947.92 million on 2015 (from −US$441.8 million to US$506.12 million). Across the 19 yearly changes before that (1985 to 2015), the average change was −US$14.9 million and a typical year strayed about US$361.44 million from that (the standard deviation). This year's change was 2.7 standard deviations above that average, so it was unusually large compared with the rest of the record.
- Where does this data come from?
Source
World Bank, World Development Indicators, indicator NY.ADJ.NNAT.CD, licensed CC BY 4.0. Original source: Staff estimates, World Bank (WB); The Changing Wealth of Nations: Measuring Sustainable Development in the New Millennium, World Bank (WB) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.
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