Lao People's Democratic Republic - Income



The US Central Intelligence Agency (CIA) reports that in 2001 Laos's gross domestic product (GDP) was estimated at $9.2 billion. The per capita GDP was estimated at $1,630. The annual growth rate of GDP was estimated at 5%. The average inflation rate in 2001 was 10%. The CIA defines GDP as the value of all final goods and services produced within a nation in a given year and computed on the basis of purchasing power parity (PPP) rather than value as measured on the basis of the rate of exchange. It was estimated that agriculture accounted for 53% of GDP, industry 22%, and services 25%. Foreign aid receipts amounted to about $45 per capita and accounted for approximately 15% of the gross national income (GNI).

The richest 10% of the population accounted for approximately 30.6% of household consumption and the poorest 10% approximately 3.2%. Household consumption includes expenditures of individuals, households, and nongovernmental organizations on goods and services, excluding purchases of dwellings. It was estimated that in 2001 about 40% of the population had incomes below the poverty line.

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