Lao PDR's gross savings (current LCU) was 22.8 trillion in 2016, the latest year in the World Bank's World Development Indicators. That is up 188.05% from 7.92 trillion in 2006 (11.16% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | 22.8 trillion | 2016 |
| Five years earlier | 12.93 trillion | 2011 |
| Ten years earlier | 7.92 trillion | 2006 |
| Highest | 22.8 trillion | 2016 |
| Lowest | -1.44 billion | 1988 |
| Average since 2007 | 9.86 trillion | 2007–2016 |
| First recorded | 3.07 billion |
What the numbers say
In 2016, Lao PDR's gross savings (current LCU) rose 10.2 trillion on 2015 (from 12.6 trillion to 22.8 trillion).
Across the 19 yearly changes before that (1985 to 2015), the average change was +601.77 billion and a typical year strayed about 3.03 trillion from that (the standard deviation). This year's change was 3.2 standard deviations above that average, so it was unusually large compared with the rest of the record.
On record, the biggest yearly rise was 10.2 trillion in 2016 and the biggest yearly fall was 7.32 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 upward, about 1.1 trillion a year. A straight line explains 39% 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.
Closest to Lao PDR in the 2016 ranking
- New Caledonia — 2nd of 4: 181.85 billion
- French Polynesia — 3rd of 4: 138 billion
- Yemen, Rep. — 4th of 4: -400.75 billion
What this measures
Savings is an amount that represents the part of disposable income (adjusted for the change in pension entitlements) that is not spent on final consumption. Gross savings are calculated as gross national income less total consumption, plus net transfers. 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 22 values
| Year | Gross savings (current LCU) |
|---|---|
| 2016 | 22,803,258,467,460 |
| 2015 | 12,601,500,963,783 |
| 2014 | 10,863,246,794,904 |
| 2013 | 5,366,626,095,588 |
| 2012 | 5,604,965,980,481 |
| 2011 | 12,929,429,885,837 |
| 2010 | 5,695,196,518,041 |
| 2009 | 8,256,242,029,849 |
| 2008 | 6,679,301,691,379 |
| 2007 | 7,761,620,369,007 |
Gross savings (current LCU) in nearby economies
- Australia — 615.58 billion (2025)
- Brunei Darussalam — 8.91 billion (2025)
- Cambodia — 80.44 trillion (2025)
- China — 57.58 trillion (2024)
- Fiji — 1.77 billion (2024)
- French Polynesia — 138 billion (2016)
- Hong Kong SAR, China — 1.02 trillion (2025)
- Indonesia — 8,347.66 trillion (2025)
- Japan — 203.33 trillion (2024)
- Kiribati — 66.84 million (2024)
- Korea, Rep. — 948.12 trillion (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 gross savings (current LCU)?
- 22.8 trillion in 2016, according to the World Bank (World Development Indicators).
- How has it changed since 1984?
- It is up 741,831% from 3.07 billion in 1984 (32.11% a year on average, compounded). The highest value was 22.8 trillion in 2016 and the lowest -1.44 billion in 1988.
- Is the latest change in gross savings (current LCU) unusual for Lao PDR?
- In 2016, Lao PDR's gross savings (current LCU) rose 10.2 trillion on 2015 (from 12.6 trillion to 22.8 trillion). Across the 19 yearly changes before that (1985 to 2015), the average change was +601.77 billion and a typical year strayed about 3.03 trillion from that (the standard deviation). This year's change was 3.2 standard deviations above that average, so it was unusually large compared with the rest of the record.
- Where does this data come from?
- The World Bank's World Development Indicators, licensed CC BY 4.0. Original source: Country official statistics, National Statistical Offices (NSOs); National Accounts data files, Central Banks; Staff estimates, World Bank (WB).
Source
World Bank, World Development Indicators, indicator NY.GNS.ICTR.CN, licensed CC BY 4.0. Original source: Country official statistics, National Statistical Offices (NSOs); National Accounts data files, Central Banks; 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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