Public and publicly guaranteed debt service in Laos
Laos: Public and publicly guaranteed debt service was 7.3% in 2024. ▼ Falling
Public and publicly guaranteed debt service in Laos, 1988–2024
Source: International Debt Statistics, World Bank (WB). Measured in % of exports of goods, services and primary income.
Analysis
Laos recorded 7.3% for public and publicly guaranteed debt service in 2024.
The figure is down 4.2% on the previous year and up 36.7% over ten years.
Over the whole period, public and publicly guaranteed debt service in Laos peaked at 18.1% in 1989 and was at its lowest, 3.8%, in 2010.
That places Laos 55th out of 120 countries with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently falling across the 37 years of available data.
Public and publicly guaranteed debt service in Laos, year by year
| Year | % of exports of goods, services and primary income | Change |
|---|---|---|
| 1988 | 9.0% | — |
| 1989 | 18.1% | +99.6% |
| 1990 | 8.1% | -55.4% |
| 1991 | 6.1% | -24.8% |
| 1992 | 6.0% | -1.1% |
| 1993 | 10.0% | +66.4% |
| 1994 | 6.2% | -38.2% |
| 1995 | 7.0% | +13.5% |
| 1996 | 7.1% | +2.0% |
| 1997 | 5.1% | -27.9% |
| 1998 | 4.9% | -3.9% |
| 1999 | 7.2% | +46.6% |
| 2000 | 6.3% | -13.3% |
| 2001 | 7.0% | +11.1% |
| 2002 | 7.4% | +6.1% |
| 2003 | 8.9% | +20.1% |
| 2004 | 8.4% | -5.0% |
| 2005 | 7.2% | -14.7% |
| 2006 | 4.6% | -36.6% |
| 2007 | 4.6% | +1.0% |
| 2008 | 4.9% | +5.7% |
| 2009 | 6.0% | +23.4% |
| 2010 | 3.8% | -37.4% |
| 2011 | 6.5% | +72.6% |
| 2012 | 5.3% | -18.0% |
| 2013 | 5.7% | +8.0% |
| 2014 | 5.3% | -6.9% |
| 2015 | 5.4% | +0.8% |
| 2016 | 7.3% | +36.0% |
| 2017 | 8.2% | +12.7% |
| 2018 | 10.1% | +21.9% |
| 2019 | 11.5% | +14.0% |
| 2020 | 9.9% | -13.4% |
| 2021 | 8.6% | -13.4% |
| 2022 | 5.4% | -37.0% |
| 2023 | 7.6% | +40.8% |
| 2024 | 7.3% | -4.2% |
Laos compared with similar countries
- Laos's 7.3% is above the median for lower middle income countries, which is 6.4%, 1.1× the median. (43 countries reporting)
- Laos's 7.3% is above the median for East Asia & Pacific, which is 4.7%, 1.5× the median. (16 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 13.5% | 9.0% | 18.1% | 2 |
| 1990s | 6.8% | 4.9% | 10.0% | 10 |
| 2000s | 6.5% | 4.6% | 8.9% | 10 |
| 2010s | 6.9% | 3.8% | 11.5% | 10 |
| 2020s | 7.8% | 5.4% | 9.9% | 5 |
Countries ranked near Laos
More external debt data for Laos
- 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)
- Net financial flows, IDA (NFL, current US$), per square kilometre 314.48 NFL, current US$ per square kilometre (2023)
- Net financial flows, IDA (NFL, current US$), annual growth rate 5.14 % change on previous year (2024)
Frequently asked questions
- What is public and publicly guaranteed debt service in Laos?
- Public and publicly guaranteed debt service in Laos was 7.3% in 2024, according to International Debt Statistics, World Bank (WB).
- What is the highest public and publicly guaranteed debt service recorded in Laos?
- The highest recorded value was 18.1% in 1989.
- What is the lowest public and publicly guaranteed debt service recorded in Laos?
- The lowest recorded value was 3.8% in 2010.
- How does Laos rank for public and publicly guaranteed debt service?
- Laos ranks 55th out of 120 countries with data for 2024.
- Is public and publicly guaranteed debt service rising or falling in Laos?
- Over the last ten years it is up 36.7%. The long-run trend across the full record is falling.
- Where does this Laos data come from?
- The figures come from International Debt Statistics, World Bank (WB), published as part of Public and publicly guaranteed debt service (% of exports of goods, services and primary income). Statizoid updates them automatically from the source API.
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About this data
Public and publicly guaranteed debt service to exports of goods, services, and income. 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. Exports of goods, services and primary income is the sum of goods (merchandise) exports, exports of (nonfactor) services and income (factor) receipts.