Exports of Services (BoP, USD) in Laos

Exports of services as a part of balance of payment reached 0.884 USD bil in 2017 in Laos, according to the National Statistical Office. This is 5.85 % more than in the previous year.

Historically, exports of services as a part of balance of payment in Laos reached an all time high of 0.884 USD bil in 2017 and an all time low of 0.015 USD bil in 1984. When compared to Laos's main peers, exports of services as a part of balance of payment in Cambodia amounted to 4.61 USD bil, 206 USD bil in China, 75.5 USD bil in Thailand and 13.1 USD bil in Vietnam in 2017.

Laos has been ranked 124th within the group of 156 countries we follow in terms of exports of services as a part of balance of payment, 13 places above the position seen 10 years ago.

Services (previously non-factor services) refer to the economic output of intangible commodities that may be produced, transferred and consumed at the same time.

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