Lao PDR's gross fixed capital formation (constant LCU) was 34.53 trillion in 2016, the latest year in the World Bank's World Development Indicators. That is up 139.99% from 14.39 trillion in 2006 (9.15% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | 34.53 trillion | 2016 |
| Five years earlier | 20.57 trillion | 2011 |
| Ten years earlier | 14.39 trillion | 2006 |
| Highest | 34.53 trillion | 2016 |
| Lowest | 5.69 trillion | 2000 |
| Average since 2007 | 24.69 trillion | 2007–2016 |
| First recorded | 5.69 trillion |
What the numbers say
In 2016, Lao PDR's gross fixed capital formation (constant LCU) rose 7% on 2015 (from 32.27 trillion to 34.53 trillion).
Across the 15 yearly changes before that (2001 to 2015), the average change was +13.1% and a typical year strayed about 14% from that (the standard deviation). This year's change was 0.4 standard deviations below that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
On record, the biggest yearly rise was 35.5% in 2007 and the biggest yearly fall was 12.8% in 2010. 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 upward, about 1.83 trillion a year. A straight line explains 85% 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.
A straight-line projection, tested first
Extending that straight line gives about 38.84 trillion for 2019. We show this only because the same method, fitted on earlier years, predicted 2014 to 2016 better than "no change" would have: its average miss was 2.17 trillion, against 5.51 trillion for assuming no change. Treat it as a continuation of the recent pattern, not a forecast of events: it cannot see a recession, a policy change or a revision to the data.
See how a linear trend forecast works and the guide on forecasting without fooling yourself.
What this measures
Gross fixed capital formation includes acquisitions less disposals of fixed assets during the accounting period, including certain specified expenditures on services that add to the value of non-produced assets. This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment varies by country. This series is expressed in local currency units.
All 17 values
| Year | Gross fixed capital formation (constant LCU) |
|---|---|
| 2016 | 34,527,224,264,000 |
| 2015 | 32,268,433,892,000 |
| 2014 | 29,500,154,733,000 |
| 2013 | 26,583,672,501,000 |
| 2012 | 26,526,677,341,000 |
| 2011 | 20,568,732,050,000 |
| 2010 | 17,503,787,023,000 |
| 2009 | 20,081,841,748,000 |
| 2008 | 19,819,074,646,000 |
| 2007 | 19,500,665,644,000 |
Gross fixed capital formation (constant LCU) in nearby economies
- Australia — 655.84 billion (2025)
- Brunei Darussalam — 5.17 billion (2025)
- Cambodia — 53.28 trillion (2025)
- Hong Kong SAR, China — 537.52 billion (2025)
- Indonesia — 4,205.4 trillion (2025)
- Japan — 154.67 trillion (2024)
- Kiribati — 122.32 million (2024)
- Korea, Rep. — 637.48 trillion (2025)
- Macao SAR, China — 51.15 billion (2025)
- Malaysia
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 gross fixed capital formation (constant LCU)?
- 34.53 trillion in 2016, according to the World Bank (World Development Indicators).
- How has it changed since 2000?
- It is up 506.46% from 5.69 trillion in 2000 (11.92% a year on average, compounded). The highest value was 34.53 trillion in 2016 and the lowest 5.69 trillion in 2000.
Source
World Bank, World Development Indicators, indicator NE.GDI.FTOT.KN, 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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