Multilateral debt service in Lao People's Democratic Republic
Lao People's Democratic Republic: Multilateral debt service was 16.9% in 2024. ◆ Volatile
Multilateral debt service in Lao People's Democratic Republic, 1973–2024
Source: International Debt Statistics, World Bank (WB). Measured in % of public and publicly guaranteed debt service.
Analysis
Lao People's Democratic Republic recorded 16.9% for multilateral debt service in 2024.
That represents a change of up 2.5% on the previous year and down 59.4% over ten years.
Over the whole period, multilateral debt service in Lao People's Democratic Republic peaked at 83.1% in 2007 and was at its lowest, 0.1%, in 1973.
Lao People's Democratic Republic ranks 104th of 123 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Multilateral debt service in Lao People's Democratic Republic, year by year
| Year | % of public and publicly guaranteed debt service | Change |
|---|---|---|
| 1973 | 0.1% | — |
| 1974 | 0.5% | +326.2% |
| 1975 | 0.5% | -4.1% |
| 1976 | 3.5% | +643.7% |
| 1977 | 2.6% | -26.4% |
| 1978 | 3.6% | +39.1% |
| 1979 | 2.5% | -30.3% |
| 1980 | 17.4% | +590.1% |
| 1981 | 23.1% | +32.6% |
| 1982 | 14.5% | -37.2% |
| 1983 | 43.3% | +198.4% |
| 1984 | 23.2% | -46.4% |
| 1985 | 29.3% | +26.6% |
| 1986 | 37.6% | +28.1% |
| 1987 | 30.8% | -18.1% |
| 1988 | 36.6% | +19.0% |
| 1989 | 20.1% | -45.1% |
| 1990 | 54.6% | +171.4% |
| 1991 | 61.4% | +12.5% |
| 1992 | 65.0% | +5.8% |
| 1993 | 25.3% | -61.0% |
| 1994 | 37.5% | +48.1% |
| 1995 | 37.6% | +0.5% |
| 1996 | 33.6% | -10.7% |
| 1997 | 44.8% | +33.2% |
| 1998 | 49.5% | +10.5% |
| 1999 | 51.3% | +3.7% |
| 2000 | 56.9% | +10.9% |
| 2001 | 60.2% | +5.9% |
| 2002 | 63.1% | +4.8% |
| 2003 | 66.8% | +6.0% |
| 2004 | 74.0% | +10.8% |
| 2005 | 67.3% | -9.1% |
| 2006 | 79.2% | +17.6% |
| 2007 | 83.1% | +5.0% |
| 2008 | 80.4% | -3.2% |
| 2009 | 73.3% | -8.9% |
| 2010 | 81.9% | +11.8% |
| 2011 | 56.4% | -31.1% |
| 2012 | 58.2% | +3.1% |
| 2013 | 49.8% | -14.3% |
| 2014 | 41.6% | -16.6% |
| 2015 | 34.6% | -16.7% |
| 2016 | 23.4% | -32.5% |
| 2017 | 19.1% | -18.3% |
| 2018 | 15.0% | -21.3% |
| 2019 | 12.1% | -19.5% |
| 2020 | 15.5% | +27.9% |
| 2021 | 16.3% | +5.1% |
| 2022 | 24.2% | +48.8% |
| 2023 | 16.5% | -32.0% |
| 2024 | 16.9% | +2.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 1.9% | 0.1% | 3.6% | 7 |
| 1980s | 27.6% | 14.5% | 43.3% | 10 |
| 1990s | 46.0% | 25.3% | 65.0% | 10 |
| 2000s | 70.4% | 56.9% | 83.1% | 10 |
| 2010s | 39.2% | 12.1% | 81.9% | 10 |
| 2020s | 17.9% | 15.5% | 24.2% | 5 |
Countries ranked near Lao People's Democratic Republic
- 101 Montenegro 18.1% compare
- 102 Mozambique 18.1% compare
- 103 Iraq 17.4% compare
- 105 Colombia 15.9% compare
- 106 Turkmenistan 15.6% compare
- 107 Côte d'Ivoire 15.2% compare
More external debt data for Lao People's Democratic Republic
- IFC, private nonguaranteed -13.67 million NFL, US$ (2024)
- IFC, private nonguaranteed (NFL, US$), per capita -1.76 NFL, US$ per person (2024)
- IFC, private nonguaranteed (NFL, US$), per unit of GDP -0.0008 NFL, US$ per US$ of GDP (2024)
- IFC, private nonguaranteed (NFL, US$), per square kilometre 53.98 NFL, US$ per square kilometre (2023)
- Public and publicly guaranteed debt service 5.3% (2024)
- Net financial flows, IDA 76.31 million NFL, current US$ (2024)
- Net financial flows, IDA (NFL, current US$), per capita 9.82 NFL, current US$ per person (2024)
- Net financial flows, IDA (NFL, current US$), per unit of GDP 0.0046 NFL, current US$ per US$ of GDP (2024)
- Public and publicly guaranteed debt service 7.3% (2024)
- Net financial flows, IDA (NFL, current US$), per square kilometre 314.48 NFL, current US$ per square kilometre (2023)
Frequently asked questions
- What is multilateral debt service in Lao People's Democratic Republic?
- Multilateral debt service in Lao People's Democratic Republic was 16.9% in 2024, according to International Debt Statistics, World Bank (WB).
- What is the highest multilateral debt service recorded in Lao People's Democratic Republic?
- The highest recorded value was 83.1% in 2007.
- What is the lowest multilateral debt service recorded in Lao People's Democratic Republic?
- The lowest recorded value was 0.1% in 1973.
- How does Lao People's Democratic Republic rank for multilateral debt service?
- Lao People's Democratic Republic ranks 104th out of 123 countries with data for 2024.
- Is multilateral debt service rising or falling in Lao People's Democratic Republic?
- Over the last ten years it is down 59.4%. The long-run trend across the full record is volatile.
- Where does this Lao People's Democratic Republic data come from?
- The figures come from International Debt Statistics, World Bank (WB), published as part of Multilateral debt service (% of public and publicly guaranteed debt service). Statizoid updates them automatically from the source API.
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About this data
Multilateral debt service is the repayment of principal and interest to the World Bank, regional development banks, and other multilateral agencies. public and publicly guaranteed debt service is the sum of principal repayments and interest actually paid in currency, goods, or services on long-term obligations of public debtors and long-term private obligations guaranteed by a public entity.