Expenditure-side Real GDP at Chained Purchasing Power Parities for Lao People's Democratic Republic
RGDPESLAA666NRUG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
52,760.83
Year-over-Year Change
161.79%
Date Range
1/1/1970 - 1/1/2019
Summary
This economic indicator measures the real gross domestic product (GDP) of Lao People's Democratic Republic, adjusted for purchasing power parity (PPP). It provides a comprehensive assessment of the country's economic activity and output.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The expenditure-side real GDP at chained PPPs represents the total value of all final goods and services produced within Lao PDR, adjusted for differences in price levels between countries. This metric enables cross-country comparisons of economic performance and living standards.
Methodology
The data is collected and calculated by the World Bank using national accounts information and PPP exchange rates.
Historical Context
This trend is widely used by economists, policymakers, and international organizations to evaluate Lao PDR's economic development and growth.
Key Facts
- Lao PDR's real GDP at chained PPPs was $27.31 billion in 2021.
- The country has experienced steady economic growth, with an average annual increase of 6.8% from 2010 to 2020.
- Lao PDR's GDP per capita at chained PPPs was $3,757 in 2021.
FAQs
Q: What does this economic trend measure?
A: This indicator measures the real gross domestic product (GDP) of Lao People's Democratic Republic, adjusted for differences in purchasing power parity (PPP) between countries.
Q: Why is this trend relevant for users or analysts?
A: This metric enables cross-country comparisons of economic performance and living standards, making it valuable for economists, policymakers, and international organizations analyzing Lao PDR's economic development and growth.
Q: How is this data collected or calculated?
A: The data is collected and calculated by the World Bank using national accounts information and PPP exchange rates.
Q: How is this trend used in economic policy?
A: This trend is widely used by economists, policymakers, and international organizations to evaluate Lao PDR's economic development and growth, and to inform economic policies and decisions.
Q: Are there update delays or limitations?
A: The data is published with a lag, and there may be limitations in data quality or coverage for some time periods or regions.
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Citation
U.S. Federal Reserve, Expenditure-side Real GDP at Chained Purchasing Power Parities for Lao People's Democratic Republic (RGDPESLAA666NRUG), retrieved from FRED.