Gross Savings (As % of GDP) rose to 0.186% in Laos in 2017

Gross Savings (As % of GDP) (%)
Economy | Laos | May 17, 2019
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Gross savings as a share of GDP reached 0.186 % in 2017 in Laos, according to the National Statistical Office. This is 5.14 % more than in the previous year.

Historically, gross savings as a share of GDP in Laos reached an all time high of 0.226 % in 2006 and an all time low of -0.006 % in 1988. When compared to Laos's main peers, gross savings as a share of GDP in Cambodia amounted to 0.232 %, 0.470 % in China, 0.318 % in Thailand and 0.244 % in Vietnam in 2017.

Laos has been ranked 118th within the group of 169 countries we follow in terms of gross savings as a share of GDP, 6 places behind the position seen 10 years ago.

Gross savings are calculated as gross national income less total consumption, plus net transfers.

Gross Savings (As % of GDP) Unit 2015 2016 2017 2018 2019 2020 2021 2022 2023
Cambodia % 0.232% 11.2% 11.4% 11.9% 12.9%
China % 0.470% 44.9% 44.4% 43.9% 43.1%
India % 0.293% 28.5% 29.1% 29.4% 29.6%
Japan % 0.280% 28.1% 28.4% 28.8% 28.9%
Laos % 0.186% ... ... ... ... ... ...
Malaysia % 0.285% 27.2% 27.0% 27.1% 26.8%
Myanmar % 0.297% 16.6% 16.5% 16.2% 16.2%
Russia % 0.261% 27.3% 27.8% 27.3% 27.1%
Thailand % 0.318% 32.5% 32.2% 32.0% 31.9%
USA % 0.190% 18.8% 18.7% 19.0% 18.9%
Vietnam % 0.244% 29.6% 30.3% 31.1% 32.2%