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Economy of Afghanistan vs Laos compared: GDP & Debt

Updated on by Georank team

Afghanistan has a GDP of $17.2B compared to $16.5B for Laos, ranking 137/197 and 139/197 by economy size, respectively.

Afghanistan has $1.42B in government debt (8.25% of GDP), compared to $15.9B (91.4% of GDP) in Laos.

The chart below compares the two countries' GDP growth in both current (nominal) and constant dollars, accounting for inflation over time.

Afghanistan
GDP, current $

GDP, constant 2015 $
Laos
GDP, current $

GDP, constant 2015 $
Year GDP
Afghanistan Laos
Current $ Constant $ Current $ Constant $
1984 - - $1,757,142,856 $2,109,467,955
1985 - - $2,366,666,616 $2,216,417,220
1986 - - $1,776,842,097 $2,324,692,155
1987 - - $1,087,273,104 $2,291,546,871
1988 - - $598,961,269 $2,245,482,172
1989 - - $714,046,821 $2,564,130,388
1990 - - $865,559,879 $2,736,044,527
1991 - - $1,028,087,972 $2,853,600,421
1992 - - $1,127,806,945 $3,012,256,546
1993 - - $1,327,748,690 $3,190,357,918
1994 - - $1,543,606,345 $3,450,659,812
1995 - - $1,763,536,305 $3,693,284,479
1996 - - $1,873,671,550 $3,949,167,184
1997 - - $1,747,011,857 $4,220,557,557
1998 - - $1,280,177,839 $4,388,012,740
1999 - - $1,454,430,642 $4,708,617,453
2000 $3,521,418,060 $6,206,547,590 $1,731,198,022 $4,981,659,930
2001 $2,813,571,754 $5,621,147,631 $1,768,619,058 $5,268,175,761
2002 $3,825,701,439 $7,228,795,919 $1,758,176,653 $5,579,985,581
2003 $4,520,946,819 $7,867,263,256 $2,023,324,407 $5,918,523,435
2004 $5,224,896,719 $7,978,515,642 $2,366,398,120 $6,294,805,132
2005 $6,203,256,539 $8,874,480,196 $2,735,558,735 $6,742,212,710
2006 $6,971,758,282 $9,349,921,886 $3,455,030,061 $7,323,341,972
2007 $9,747,886,187 $10,642,671,963 $4,223,152,739 $7,879,683,724
2008 $10,109,297,048 $11,060,395,116 $5,446,433,157 $8,496,261,313
2009 $12,416,152,732 $13,426,272,073 $5,836,137,330 $9,133,631,713
2010 $15,856,668,556 $15,354,612,542 $7,131,771,015 $9,912,447,860
2011 $17,805,098,206 $15,420,077,666 $8,750,104,617 $10,709,275,115
2012 $19,907,329,778 $17,386,490,239 $10,192,846,339 $11,568,812,077
2013 $20,146,416,758 $18,360,263,163 $11,983,252,627 $12,497,359,667
2014 $20,497,128,556 $18,860,496,494 $13,279,245,886 $13,448,654,116
2015 $19,134,221,645 $19,134,221,645 $14,426,380,126 $14,426,380,126
2016 $18,116,572,395 $19,566,715,174 $15,912,501,723 $15,439,521,179
2017 $18,753,456,498 $20,084,646,751 $17,071,155,481 $16,503,694,943
2018 $18,053,222,687 $20,323,499,020 $18,141,641,090 $17,534,839,203
2019 $18,799,444,490 $21,118,473,702 $18,740,561,513 $18,491,844,276
2020 $19,955,929,052 $20,621,957,125 $18,981,805,250 $18,584,864,138
2021 $14,259,995,441 $16,345,202,563 $18,827,148,531 $19,054,754,737
2022 $14,497,243,872 $15,325,233,810 $15,468,785,204 $19,570,648,222
2023 $17,152,234,637 $15,672,648,238 $15,843,155,731 $20,303,702,352
2024 - - $16,502,933,121 $21,168,286,229

Economic indicators

Afghanistan Laos
Gross domestic product
$17.2B
2023
$16.5B
2024
GDP rank
137/197
2023
139/197
2024
GDP growth
18.3%
2022-2023
4.16%
2023-2024
GDP per capita
$414
2023
$2,124
2024
GDP per capita rank
196/197
2023
155/197
2024
GDP per capita, PPP
$2,202
2023
$9,788
2024
Government debt
$1.42B
2023
$15.9B
2024
Debt-to-GDP ratio
8.25%
2023
91.4%
2025
Government debt per person
$34.2
2023
$2,049
2024
Government debt per person rank
185/185
2023
118/185
2024
Average annual personal income after taxes
$1,632
2025
$2,296
2025
Income share by richest 10% n/a
31.2%
2018
Income share by poorest 10% n/a
3%
2018
Government expenditure, % of GDP
17%
2023
18.4%
2025
Consumer prices inflation
-4.3%
2023-2024
7.8%
2024-2025
Central bank interest rate
6%
2021
n/a
Unemployment rate
5.68%
2021
1.21%
2022
Population
44810409
7954155

GDP per capita in Afghanistan vs Laos

Afghanistan's GDP per capita is $414, ranking 196/197, compared to $2,124 in Laos, ranking 155/197. Adjusted for purchasing power (GDP per capita PPP), Afghanistan ranks 184th at $2,202, while Laos ranks 133rd at $9,788.

Afghanistan
GDP per capita

GDP per capita, PPP
Laos
GDP per capita

GDP per capita, PPP
Year Current $
Afghanistan Laos
GDP per capita GDP per capita, PPP GDP per capita GDP per capita, PPP
1984 - - $483 -
1985 - - $633 -
1986 - - $462 -
1987 - - $274.7 -
1988 - - $147.1 -
1989 - - $170.4 -
1990 - - $200.7 $1,012
1991 - - $231.8 $1,061
1992 - - $247.3 $1,114
1993 - - $283.4 $1,176
1994 - - $321 $1,265
1995 - - $358 $1,349
1996 - - $371 $1,435
1997 - - $339 $1,528
1998 - - $243.9 $1,577
1999 - - $272.3 $1,686
2000 $174.9 $814 $319 $1,794
2001 $138.7 $748 $320 $1,908
2002 $179 $927 $313 $2,020
2003 $198.9 $967 $355 $2,151
2004 $221.8 $972 $409 $2,315
2005 $254.2 $1,076 $466 $2,519
2006 $274.2 $1,122 $579 $2,777
2007 $376 $1,287 $697 $3,021
2008 $382 $1,334 $886 $3,271
2009 $452 $1,571 $935 $3,485
2010 $561 $1,766 $1,126 $3,772
2011 $607 $1,744 $1,362 $4,100
2012 $651 $1,988 $1,564 $4,781
2013 $637 $2,133 $1,813 $5,222
2014 $625 $2,224 $1,981 $5,799
2015 $566 $2,284 $2,121 $6,086
2016 $522 $2,213 $2,303 $6,743
2017 $525 $2,336 $2,432 $7,142
2018 $491 $2,432 $2,545 $7,487
2019 $497 $2,583 $2,589 $7,743
2020 $511 $2,562 $2,584 $7,913
2021 $356 $2,144 $2,526 $8,080
2022 $357 $2,123 $2,046 $8,766
2023 $414 $2,202 $2,067 $9,292
2024 - - $2,124 $9,788

Spending and national debt comparison

In 2024, Afghanistan's government spending was $2.91B, accounting for 17% of its GDP, while Laos' spent $2.59B, or 18.4% of GDP.

Debt-to-GDP ratio is 8.25% in Afghanistan and 91.4% in Laos, ranking 181/185 and 34/185, respectively.

Afghanistan
Government spending

Government debt
Laos
Government spending

Government debt
Year % of GDP
Afghanistan Laos
Government spending Government debt Government spending Government debt
2000 - - 19.9% -
2001 - - 18.8% 94.7%
2002 6.94% 346% 16.6% 95.3%
2003 11.9% 270.6% 16% 90.1%
2004 15.1% 245% 13.6% 80.7%
2005 15.7% 206.4% 15.3% 73.2%
2006 18.3% 23% 14.7% 60%
2007 21.4% 20.1% 15.1% 55.9%
2008 20.9% 19.1% 16.1% 51.7%
2009 21.2% 16.2% 20.1% 51.8%
2010 20.8% 7.7% 22.4% 49.3%
2011 21.9% 7.5% 20.2% 43%
2012 25% 6.76% 24.7% 46.1%
2013 25% 6.9% 24.2% 49.5%
2014 25.4% 8.7% 25% 53.5%
2015 25.9% 9.15% 25.8% 53.1%
2016 28% 8.44% 21.1% 54.5%
2017 27.7% 8% 21.8% 57.2%
2018 28.9% 7.38% 20.7% 60.6%
2019 28% 6.14% 18.6% 69.1%
2020 27.9% 7.33% 18.4% 76%
2021 17.9% 11.1% 15.7% 92.9%
2022 16.1% 10.6% 14.7% 130.7%
2023 17% 8.25% 16.5% 115.6%
2024 - - 15.7% 96.4%
2025 - - 18.4% 91.4%

Government deficit by year

In 2023, Afghanistan's government deficit, the difference between spending and revenue, was -$234M, equivalent to -1.36% of GDP. This compares to Laos' deficit of -$1.94M, or -0.01% of GDP.

Over the past 22 years, Afghanistan recorded a fiscal deficit in 17 of those years, while Laos ran a deficit in 21 years. On average, Afghanistan posted an annual deficit equal to -0.97% of GDP, compared to deficit of -2.77% of GDP for Laos.

Deficit/surplus
Afghanistan

Laos
Year Deficit/surplus, % of GDP
Afghanistan Laos
2000 - -3.58%
2001 - -3.68%
2002 -0.1% -2.85%
2003 -2.1% -3.89%
2004 -2.39% -1.81%
2005 -0.92% -2.54%
2006 0.68% -1.48%
2007 -2.46% -1.12%
2008 -3.86% -1.86%
2009 -1.76% -3.1%
2010 0.93% -1.47%
2011 -0.67% -1.43%
2012 0.18% -2.34%
2013 -0.63% -4.03%
2014 -1.72% -3.13%
2015 -1.38% -5.57%
2016 0.13% -5.06%
2017 -0.67% -5.51%
2018 1.63% -4.46%
2019 -1.06% -3.2%
2020 -2.24% -5.37%
2021 -0.48% -0.67%
2022 -1% 0.06%
2023 -1.36% -0.01%
2024 - 2.34%
2025 - -0.87%

Inflation comparison by year

Over the past 22 years, Afghanistan has recorded an average annual inflation rate of 7%, compared with 7.99% in Laos. In 2024, inflation was -4.3% in Afghanistan and 7.8% in Laos.

Inflation
Afghanistan

Laos
Year Inflation
Afghanistan Laos Afghanistan Laos
1996 - 19.1%
1997 - 19.5%
1998 - 90.1%
1999 - 128.4%
2000 - 8.4%
2001 - 7.8%
2002 - 10.6%
2003 35.7% 15.5%
2004 16.4% 10.5%
2005 10.6% 7.2%
2006 6.8% 6.5%
2007 8.7% 4.7%
2008 26.4% 7.6%
2009 -6.8% 0.1%
2010 2.2% 6%
2011 11.8% 7.6%
2012 6.4% 4.3%
2013 7.4% 6.4%
2014 4.7% 4.1%
2015 -0.7% 1.3%
2016 4.4% 1.6%
2017 5% 0.8%
2018 0.6% 2%
2019 2.3% 3.3%
2020 5.6% 5.1%
2021 7.8% 3.8%
2022 10.6% 23%
2023 -7.7% 31.2%
2024 -4.3% 23.1%
2025 - 7.8%

Top exports between countries

Afghanistan
Export category Export value
Laos
Export category Export value
Machinery & equipment $69K

Balance of trade

Afghanistan Laos
Current account balance
-$3.14B
2020
$405M
2023
Current account balance ranking
157/189
2020
60/189
2023
Current account balance, % of GDP
-15.7%
2020
+2.55%
2023
Goods imports
$5.88B
2020
$7.65B
2023
Goods exports
$777M
2020
$8.37B
2023
Service imports
$1.11B
2020
$947M
2023
Service exports
$700M
2020
$1.33B
2023
Imports of goods and services, % of GDP
50.7%
2023
41.9%
2016
Exports of goods and services, % of GDP
16.9%
2023
33.2%
2016

Economic freedom indices

The indices of economic freedom below are issued by the Heritage Foundation. Higher scores indicate stronger economic health.

Afghanistan Laos
Economic freedom 53 51.1
Economic freedom ranking 142/197 156/197
Property rights 7.4 42.5
Government integrity 14.1 23.2
Judicial effectiveness 2.7 12.5
Tax burden 91.1 88.8
Government spending 76.1 92.9
Fiscal health 99.9 80
Business freedom 34.6 55.3
Labor freedom 45.1 42.4
Monetary freedom 80.8 52.3
Trade freedom 68.6 68.4
Investment freedom 10 35
Financial freedom 10 20

Economic freedom by year comparison

The Economic Freedom Index for Afghanistan is 53, ranking 142/197, compared to 51.1 for Laos, ranking 156/197. The chart below displays a comparison of annual changes in economic freedom indexes.

Afghanistan
Laos
Year Economic freedom index
Afghanistan Laos
1996 - 38.5
1997 - 35.1
1998 - 35.2
1999 - 35.2
2000 - 36.8
2001 - 33.5
2002 - 36.8
2003 - 41
2004 - 42
2005 - 44.4
2006 - 47.5
2007 - 50.3
2008 - 50.3
2009 - 50.4
2010 - 51.1
2011 - 51.3
2012 - 50
2013 - 50.1
2014 - 51.2
2015 - 51.4
2016 - 49.8
2017 48.9 54
2018 51.3 53.6
2019 51.5 57.4
2020 54.7 55.5
2021 53 53.9
2022 - 49.2
2023 - 50.3
2024 - 50.6
2025 - 51.1

More economic indicators

Afghanistan Laos
Services, % of GDP
46.4%
2023
43.5%
2024
Industry, % of GDP
13.4%
2023
29%
2024
Agriculture, forestry, and fishing, % of GDP
34.7%
2023
16.8%
2024
GNI, Atlas method
$15.5B
2023
$15.5B
2024
GNI per capita, PPP
$2,210
2023
$9,170
2024
Total reserves including gold
$9.75B
2020
$1.77B
2023
Total reserves ranking
78/177
2020
129/177
2023
Net foreign direct investment
$24.3M
2020
-$1.78B
2023
Net inflows of foreign direct investment
$20.6M
2021
$988M
2024
Net outflows of foreign direct investment
$30.8M
2021
$6.67K
2022
Servicing debt to the IMF, % of GNI
0.25%
2023
8.36%
2023
Poverty at national poverty lines
47.1%
2019
22%
2020
Gross capital formation, % of GDP
15.3%
2023
29%
2016

GDP per capita map

GDP per capita

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The current account balance is the sum of net trade in goods and services, net earnings from cross-border investments, and net transfer payments. It reflects a country's economic transactions with the rest of the world and is a fundamental component of the balance of payments. A surplus indicates that a country exports more than it imports, while a deficit shows the opposite.

Gross National Income (GNI) measures a country's total income. It encompasses income earned by residents, businesses, and foreign sources, defined as employee compensation and investment profits. GNI adds product taxes not included elsewhere and subtracts subsidies. It accounts for income from residents working abroad but excludes earnings from foreigners within the country.

A negative value for Net Foreign Direct Investment indicates a country is a net receiver of investments, as foreign inflows exceed outflows after Balance of Payments adjustments. A positive value indicates a net provider, with outflows exceeding inflows. Inflows are credits (increasing foreign claims on domestic assets), while outflows are debits (increasing domestic assets abroad).

Foreign direct investment (FDI, net inflows) shows how much capital foreign investors bring into a country after accounting for any funds that flow back in the opposite direction. It represents the net value of overseas companies establishing, expanding, or financing businesses in the reporting country. A positive number means more capital entered the country than was withdrawn, while a negative number means foreign investors pulled out more than they invested.

Foreign direct investment (FDI, net outflows) shows how much capital residents of a country invest abroad after accounting for any funds that flow back in the opposite direction. It represents the net value of domestic companies establishing, expanding, or financing businesses in other countries. A positive number means more capital was invested abroad than withdrawn, while a negative number means residents pulled back more than they invested.

Principal and interest payments to the IMF in currency, goods, or services on long-term debt expressed as a share of GNI.

Formerly gross domestic investment, gross capital formation measures the share of a country’s economic output invested in fixed assets, including buildings, machinery, and infrastructure. It indicates how much of the economy is devoted to building productive capacity.