Laos: Savings, percent of GDP

The latest value from 2016 is 17.64 percent, an increase from 10.75 percent in 2015. In comparison, the world average is 21.57 percent, based on data from 159 countries. Historically, the average for Laos from 1984 to 2016 is 11.02 percent. The minimum value, -0.61 percent, was reached in 1988 while the maximum of 22.57 percent was recorded in 2006. See the global rankings for that indicator or use the country comparator to compare trends over time.

The savings in Laos and other countries is calculated as the difference between income and consumption, expressed as percent of GDP.

Definition: Savings is an amount that represents the part of disposable income (adjusted for thechange in pension entitlements) that is not spent on final consumption. Gross savings are calculated as gross national income less total consumption, plus net transfers. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.