Lao PDR's terms of trade adjustment (constant LCU) was 2.81 trillion in 2016, the latest year in the World Bank's World Development Indicators. That is up 253.07% from 796.99 billion in 2006 (13.45% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | 2.81 trillion | 2016 |
| Five years earlier | 540.33 billion | 2011 |
| Ten years earlier | 796.99 billion | 2006 |
| Highest | 2.81 trillion | 2016 |
| Lowest | -7.82 trillion | 2000 |
| Average since 2007 | -486.44 billion | 2007–2016 |
| First recorded | -7.82 trillion |
What the numbers say
In 2016, Lao PDR's terms of trade adjustment (constant LCU) rose 5.96 trillion on 2015 (from -3.15 trillion to 2.81 trillion).
Across the 15 yearly changes before that (2001 to 2015), the average change was +311.34 billion and a typical year strayed about 1.76 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 5.96 trillion in 2016 and the biggest yearly fall was 3.63 trillion in 2015. 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 there is no clear straight-line trend: a straight line explains 9% 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.
What this measures
The terms of trade adjustment is equal to the capacity to import (current price value of exports of goods and services deflated by the import price index) less exports of goods and services in constant prices. 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 | Terms of trade adjustment (constant LCU) |
|---|---|
| 2016 | 2,813,896,272,165 |
| 2015 | -3,145,348,567,114 |
| 2014 | 488,926,371,710 |
| 2013 | -1,394,704,559,419 |
| 2012 | 0 |
| 2011 | 540,330,275,094 |
| 2010 | -655,751,149,441 |
| 2009 | -1,593,754,109,207 |
| 2008 | -1,099,172,585,702 |
| 2007 | -818,773,285,989 |
Terms of trade adjustment (constant LCU) in nearby economies
- American Samoa — 3.96 million (2022)
- Australia — -26.77 billion (2025)
- Brunei Darussalam — -970.77 million (2025)
- Cambodia — 5.99 trillion (2025)
- Guam — 1.01 million (2022)
- Hong Kong SAR, China — 24.07 billion (2025)
- Indonesia — -312.72 trillion (2025)
- Japan — -9.53 trillion (2024)
- Kiribati — 3.53 million (2024)
- Korea, Rep. — -41.6 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 terms of trade adjustment (constant LCU)?
- 2.81 trillion in 2016, according to the World Bank (World Development Indicators).
- How has it changed since 2000?
- It is up 136% from -7.82 trillion in 2000. The highest value was 2.81 trillion in 2016 and the lowest -7.82 trillion in 2000.
- Is the latest change in terms of trade adjustment (constant LCU) unusual for Lao PDR?
- In 2016, Lao PDR's terms of trade adjustment (constant LCU) rose 5.96 trillion on 2015 (from -3.15 trillion to 2.81 trillion). Across the 15 yearly changes before that (2001 to 2015), the average change was +311.34 billion and a typical year strayed about 1.76 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 Organizations and/or Central Banks; National Accounts data files, Organisation for Economic Co-operation and Development (OECD); Staff estimates, World Bank (WB).
Source
World Bank, World Development Indicators, indicator NY.TTF.GNFS.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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