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The economy of Laos is a lower-middle income developing economy.Being a socialist state (along with China, Cuba, Vietnam, and North Korea), the Lao economic model resembles the Chinese socialist market and/or Vietnamese socialist-oriented market economies by combining high degrees of state ownership with openness to foreign direct investment and private ownership in a predominantly market ...
Nominal GDP sector composition, 2015 (in millions of 2005 USD): [5] [6] 2005 prices are used similarly to 2010 constant prices in which they provide economic statistics where inflation is accounted for.
* indicates "Labor in COUNTRY or TERRITORY" or "Economy of COUNTRY or TERRITORY" links. Country (or area) Agriculture [%] [2] Industry [%] [3] Services [%] [4] Date of information Afghanistan * 46 18 36 2020 Albania * 35 22 44 2021 Algeria * 10 31 59 2021 American Samoa * 34 33 33 1990 Andorra * 0.4 4.7 94.9 2010 Angola * 59 8 34 2021
Laos: 14,244 26 Maldives: 6,977 27 ... List of Arab League countries by GDP (nominal) Notes and references This page was last edited on 20 June 2024, at 00:20 (UTC ...
China is the largest economy in Asia, comprising nearly half of the continent's gross domestic product. ... Laos: 19.1 billion 45
This is a list of gross domestic product (GDP) at purchasing power parity (PPP) for the latest year. [1] All sovereign states with United Nations membership and territory in Asia or Oceania are included on the list apart from the transcontinental countries which are included in the lists for Europe (when they are current or suspended members of the Council of Europe) or Africa in the case of ...
Gross domestic product (GDP) is the market value of all final goods and services from a nation in a given year. [2] Countries are sorted by nominal GDP estimates from financial and statistical institutions, which are calculated at market or government official exchange rates.
This, along with growth of the mining sector, Laos has been referred to as one of East Asia and Pacific's fastest growing economies by the World Bank, with annual GDP growth averaging 7% for the past decade.