Lao PDR's PPG, commercial banks (NFL, current US$) was −US$103.26 million in 2024, the latest year in the World Bank's World Development Indicators. That is down 880.85% from US$13.22 million in 2014.
Key figures
| Value | Year | |
|---|---|---|
| Latest | −US$103.26 million | 2024 |
| Five years earlier | US$238.89 million | 2019 |
| Ten years earlier | US$13.22 million | 2014 |
| Highest | US$238.89 million | 2019 |
| Lowest | −US$183.92 million | 2023 |
| Average since 2015 | US$17.45 million | 2015–2024 |
| First recorded | US$2.64 million |
What the numbers say
In 2024, Lao PDR's PPG, commercial banks (NFL, current US$) rose US$80.66 million on 2023 (from −US$183.92 million to −US$103.26 million).
Across the 13 yearly changes before that (2011 to 2023), the average change was −US$14.35 million and a typical year strayed about US$106.42 million from that (the standard deviation). This year's change was 0.9 standard deviations above 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 US$228.19 million in 2019 and the biggest yearly fall was US$246.89 million in 2021. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.
From 2015 to 2024 there is no clear straight-line trend: a straight line explains 26% 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.
How it compares
In 2024, Lao PDR had the 69th highest value of the 87 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.
| Value | Year | |
|---|---|---|
| Lao PDR | −US$103.26 million | 2024 |
| Lower middle income | US$7.59 billion | 2024 |
Closest to Lao PDR in the 2024 ranking
- Argentina — 66th of 87: −US$77.38 million
- Uganda — 67th of 87: −US$80.77 million
- Philippines — 68th of 87: −US$99.7 million
- Uzbekistan — 70th of 87: −US$107.43 million
- Montenegro — 71st of 87: −US$115.1 million
- Kenya — 72nd of 87: −US$115.44 million
What this measures
Public and publicly guaranteed commercial bank loans from private banks and other private financial institutions. Net flows (or net lending or net disbursements) received by the borrower during the year are disbursements minus principal repayments. Data are in current U.S. dollars.
Regional and income-group figures are computed by the World Bank as a sum.
All 15 values
| Year | PPG, commercial banks (NFL, current US$) |
|---|---|
| 2024 | -103,260,000 |
| 2023 | -183,923,000 |
| 2022 | -118,000,000 |
| 2021 | -19,923,000 |
| 2020 | 226,968,000 |
| 2019 | 238,892,000 |
| 2018 | 10,705,000 |
| 2017 | 39,282,000 |
| 2016 | 5,843,000 |
| 2015 | 77,898,000 |
| 2014 |
PPG, commercial banks (NFL, current US$) in nearby economies
- China — US$26.77 billion (2024)
- Indonesia — US$3.9 billion (2024)
- Mongolia — US$2.88 million (2024)
- Myanmar — −US$187.47 million (2024)
- Papua New Guinea — −US$8.07 million (2024)
- Philippines — −US$99.7 million (2024)
- Thailand — −US$82.62 million (2015)
- Viet Nam — −US$1.82 billion (2024)
More economic policy & debt data for Lao PDR
- Grants, excluding technical cooperation (BoP, current US$) — 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 PPG, commercial banks (NFL, current US$)?
- −US$103.26 million in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 2010?
- It is down 4,016% from US$2.64 million in 2010. The highest value was US$238.89 million in 2019 and the lowest −US$183.92 million in 2023.
- How does Lao PDR rank?
- 69th highest of 87 economies with data for 2024.
- Is the latest change in PPG, commercial banks (NFL, current US$) unusual for Lao PDR?
- In 2024, Lao PDR's PPG, commercial banks (NFL, current US$) rose US$80.66 million on 2023 (from −US$183.92 million to −US$103.26 million). Across the 13 yearly changes before that (2011 to 2023), the average change was −US$14.35 million and a typical year strayed about US$106.42 million from that (the standard deviation). This year's change was 0.9 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
Source
World Bank, World Development Indicators, indicator DT.NFL.PCBK.CD, licensed CC BY 4.0. Original source: International Debt Statistics, 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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