Income Per Capita Laos

The data reached an all time high of 2 654 000 usd in dec 2019 and a record low of 259 270 in dec 1998.

Income per capita laos. Lao pdr gni per capita for 2019 was 2 570 a 4 9 increase from 2018. Comparisons of national income are also frequently made on the basis of purchasing power parity ppp. A vital source of income for many families have dried up. Gdp per capita is often considered an indicator of a country s standard of living.

This page provides laos gdp per capita actual values historical data forecast chart statistics economic calendar and news. Lower middle income economies are those with a gni per capita between usd 1 026 and usd. However this is problematic because gdp per capita is not a measure of personal income. The gdp per capita in laos when adjusted by purchasing power parity is equivalent to 44 percent of the world s average.

The report includes country specific three year forecasts for major macroeconomic indicators including commodity and financial markets. The maternal mortality rate is also high at 185 per 100 000 births 2017. The unemployment rate rose to 25 percent in may 2020 from 16 percent at the end of 2019. Lao pdr gni per capita for 2016 was 2 120 a 7 61 increase from 2015.

Gdp per capita in laos averaged 871 93 usd from 1984 until 2019 reaching an all time high of 1840 50 usd in 2019 and a record low of 401 60 usd in 1988. Lao pdr gni per capita for 2018 was 2 450 a 9 38 increase from 2017. As of 2019 the estimated average gdp per capita ppp of all of the countries of the. Laos gdp per capita data is updated yearly available from dec 1980 to dec 2019 with an average number of 629 615 usd.

2 535 138 côte d. The world bank has classified laos as a lower middle income economy in its latest classification for the 2020 fiscal year. Laos s gdp per capita reached 2 654 000 usd in dec 2019 compared with 2 585 000 usd in dec 2018. While a lao child goes to school for 10 8 years on average.

Lao pdr gni per capita for 2017 was 2 240 a 5 66 increase from 2016. Lao pdr global economic prospects examines trends for the world economy and how they affect developing countries. This page is a list of the countries of the world by gross domestic product at purchasing power parity per capita i e the purchasing power parity ppp value of all final goods and services produced within a country in a given year divided by the average or mid year population for the same year.