Lao PDR's external balance on goods and services (current LCU) was -11.21 trillion in 2016, the latest year in the World Bank's World Development Indicators. That is down 465.57% from -1.98 trillion in 2006.
Key figures
| Value | Year | |
|---|---|---|
| Latest | -11.21 trillion | 2016 |
| Five years earlier | -7.74 trillion | 2011 |
| Ten years earlier | -1.98 trillion | 2006 |
| Highest | -2.2 billion | 1984 |
| Lowest | -20.98 trillion | 2015 |
| Average since 2007 | -12.63 trillion | 2007–2016 |
| First recorded | -2.2 billion |
What the numbers say
In 2016, Lao PDR's external balance on goods and services (current LCU) rose 9.77 trillion on 2015 (from -20.98 trillion to -11.21 trillion).
Across the 30 yearly changes before that (1986 to 2015), the average change was −699.16 billion and a typical year strayed about 2.14 trillion from that (the standard deviation). This year's change was 4.9 standard deviations above that average, so it was unusually large compared with the rest of the record.
On record, the biggest yearly rise was 9.77 trillion in 2016 and the biggest yearly fall was 10.57 trillion 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 the straight-line trend is downward, about 1.53 trillion a year. A straight line explains 54% of the movement over 10 observed years.
Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.
What this measures
The balance of international trade in goods and services is the difference between the exports and imports of goods and services. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.
All 33 values
| Year | External balance on goods and services (current LCU) |
|---|---|
| 2016 | -11,212,414,221,000 |
| 2015 | -20,980,846,686,000 |
| 2014 | -18,743,613,851,000 |
| 2013 | -20,494,050,909,000 |
| 2012 | -18,306,454,343,000 |
| 2011 | -7,736,957,992,000 |
| 2010 | -8,213,264,277,000 |
| 2009 | -8,327,592,356,000 |
| 2008 | -7,397,963,357,000 |
| 2007 | -4,859,967,365,000 |
External balance on goods and services (current LCU) in nearby economies
- American Samoa — -268 million (2022)
- Australia — 16.32 billion (2025)
- Brunei Darussalam — 3.84 billion (2025)
- Cambodia — 2.48 trillion (2025)
- China — 5.87 trillion (2025)
- Fiji — -1.37 billion (2024)
- French Polynesia — -194.1 billion (2024)
- Guam — -3.88 billion (2022)
- Hong Kong SAR, China — 95.62 billion (2025)
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 external balance on goods and services (current LCU)?
- -11.21 trillion in 2016, according to the World Bank (World Development Indicators).
- How has it changed since 1984?
- It is down 509,555% from -2.2 billion in 1984. The highest value was -2.2 billion in 1984 and the lowest -20.98 trillion in 2015.
- Is the latest change in external balance on goods and services (current LCU) unusual for Lao PDR?
- In 2016, Lao PDR's external balance on goods and services (current LCU) rose 9.77 trillion on 2015 (from -20.98 trillion to -11.21 trillion). Across the 30 yearly changes before that (1986 to 2015), the average change was −699.16 billion and a typical year strayed about 2.14 trillion from that (the standard deviation). This year's change was 4.9 standard deviations above that average, so it was unusually large compared with the rest of the record.
Source
World Bank, World Development Indicators, indicator NE.RSB.GNFS.CN, licensed CC BY 4.0. Original source: Country official statistics, National Statistical Organizations and/or Central Banks; National Accounts data files, Organisation for Economic Co-operation and Development (OECD); Staff estimates, 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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