Lao PDR's households and NPISHs final consumption expenditure (current US$) was US$10.45 billion in 2016, the latest year in the World Bank's World Development Indicators. That is up 344.88% from US$2.35 billion in 2006 (16.1% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | US$10.45 billion | 2016 |
| Five years earlier | US$5.76 billion | 2011 |
| Ten years earlier | US$2.35 billion | 2006 |
| Highest | US$10.45 billion | 2016 |
| Lowest | US$562.48 million | 1988 |
| Average since 2007 | US$6.94 billion | 2007–2016 |
| First recorded | US$1.6 billion |
What the numbers say
In 2016, Lao PDR's households and NPISHs final consumption expenditure (current US$) rose 1.7% on 2015 (from US$10.28 billion to US$10.45 billion).
Across the 19 yearly changes before that (1985 to 2015), the average change was +7.7% and a typical year strayed about 24.1% from that (the standard deviation). This year's change was 0.2 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 36.7% in 2008 and the biggest yearly fall was 42.2% in 1988. 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 US$911.37 million a year. A straight line explains 97% 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 US$13.46 billion 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 US$863.76 million, against US$1.24 billion 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.
How it compares
See how every economy compares in the full ranking.
| Value | Year | |
|---|---|---|
| Lao PDR | US$10.45 billion | 2016 |
| World | US$63.19 trillion | 2024 |
| East Asia & Pacific | US$14.61 trillion | 2024 |
| Lower middle income | US$5.35 trillion | 2025 |
What this measures
This field includes expenditure on goods and services by the Household and NPISH sector for the direct satisfaction of human needs or wants, whether individual or collective. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.
Regional and income-group figures are computed by the World Bank as a gap-filled total.
All 22 values
| Year | Households and NPISHs final consumption expenditure (current US$) |
|---|---|
| 2016 | 10,453,643,445 |
| 2015 | 10,275,931,665 |
| 2014 | 9,636,582,076 |
| 2013 | 8,880,988,764 |
| 2012 | 7,798,618,153 |
| 2011 | 5,757,819,600 |
| 2010 | 5,319,700,251 |
| 2009 | 4,053,010,159 |
| 2008 | 4,143,992,442 |
| 2007 | 3,030,353,782 |
Households and NPISHs final consumption expenditure (current US$) in nearby economies
- American Samoa — US$621 million (2022)
- Australia — US$932.62 billion (2025)
- Brunei Darussalam — US$4.41 billion (2025)
- Cambodia — US$29.86 billion (2025)
- China — US$7.49 trillion (2024)
- Fiji — US$4.2 billion (2024)
- French Polynesia — US$4.66 billion (2024)
- Guam — US$4.14 billion (2022)
- Hong Kong SAR, China
More economic policy & debt data for Lao PDR
- Grants, excluding technical cooperation (BoP, current US$) — 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 households and NPISHs final consumption expenditure (current US$)?
- US$10.45 billion in 2016, according to the World Bank (World Development Indicators).
- How has it changed since 1984?
- It is up 554.52% from US$1.6 billion in 1984 (6.05% a year on average, compounded). The highest value was US$10.45 billion in 2016 and the lowest US$562.48 million in 1988.
Source
World Bank, World Development Indicators, indicator NE.CON.PRVT.CD, 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.
Want to ask your own questions of data like this? Try AnalyzeIt: upload a file or ask about public data in plain words, and every figure comes with its working.
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