Lao PDR's total debt service (% of exports of goods, services and primary income) was 19.04% in 2024, the latest year in the World Bank's World Development Indicators. That is up 9.61 percentage points from 9.43% in 2014.
Key figures
| Value | Year | |
|---|---|---|
| Latest | 19.04% | 2024 |
| Five years earlier | 15.09% | 2019 |
| Ten years earlier | 9.43% | 2014 |
| Highest | 29.18% | 2021 |
| Lowest | 4.78% | 1992 |
| Average since 2015 | 14.85% | 2015–2024 |
| First recorded | 11.59% | 1984 |
What the numbers say
In 2024, Lao PDR's total debt service (% of exports of goods, services and primary income) rose 6.24 percentage points on 2023 (from 12.81% to 19.04%).
Across the 30 yearly changes before that (1994 to 2023), the average change was +0.15 percentage points and a typical year strayed about 4.74 percentage points from that (the standard deviation). This year's change was 1.3 standard deviations above that average, so it was larger than a typical year, though not out of the range seen before.
On record, the biggest yearly rise was 15.11 percentage points in 2021 and the biggest yearly fall was 13.68 percentage points in 2022. 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 the straight-line trend is upward, about 1.07 percentage points a year. A straight line explains 31% 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.
How it compares
In 2024, Lao PDR had the 35th highest value of the 109 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 | 19.04% | 2024 |
| Lower middle income | 14.54% | 2024 |
Closest to Lao PDR in the 2024 ranking
What this measures
Total debt service to exports of goods, services and primary income. Total debt service is the sum of principal repayments and interest actually paid in currency, goods, or services on long-term debt, interest paid on short-term debt, and repayments (repurchases and charges) to the IMF.
Regional and income-group figures are computed by the World Bank as a weighted average.
All 41 values
| Year | Total debt service (% of exports of goods, services and primary income) |
|---|---|
| 2024 | 19.04 |
| 2023 | 12.81 |
| 2022 | 15.49 |
| 2021 | 29.18 |
| 2020 | 14.06 |
| 2019 | 15.09 |
| 2018 | 11.85 |
| 2017 | 11.11 |
| 2016 | 10.83 |
| 2015 | 9.09 |
| 2014 |
Total debt service (% of exports of goods, services and primary income) in nearby economies
- Cambodia — 10.54% (2024)
- China — 8.59% (2024)
- Fiji — 9.54% (2024)
- Indonesia — 24.69% (2024)
- Mongolia — 32.04% (2024)
- Myanmar — 7.39% (2024)
- Papua New Guinea — 43.34% (2024)
- Philippines — 14.43% (2024)
- Samoa
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 total debt service (% of exports of goods, services and primary income)?
- 19.04% in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 1984?
- It is up 7.46 percentage points from 11.59% in 1984. The highest value was 29.18% in 2021 and the lowest 4.78% in 1992.
- How does Lao PDR rank?
- 35th highest of 109 economies with data for 2024.
- Is the latest change in total debt service (% of exports of goods, services and primary income) unusual for Lao PDR?
- In 2024, Lao PDR's total debt service (% of exports of goods, services and primary income) rose 6.24 percentage points on 2023 (from 12.81% to 19.04%). Across the 30 yearly changes before that (1994 to 2023), the average change was +0.15 percentage points and a typical year strayed about 4.74 percentage points from that (the standard deviation). This year's change was 1.3 standard deviations above that average, so it was larger than a typical year, though not out of the range seen before.
Source
World Bank, World Development Indicators, indicator DT.TDS.DECT.EX.ZS, 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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