Estonia vs Laos: Economic Indicators Comparison

Estonia with a GDP of $30.7B ranked the 102nd largest economy in the world, while Laos ranked 118th with $18B. By GDP 5-years average growth and GDP per capita, Estonia and Laos ranked 71st vs 11th and 42nd vs 140th, respectively.

Gross Domestic Product & Income

Stat	Estonia	Laos
GDP	$30.7B	$18B
GDP growth, 1 year	3.9%	6.5%
GDP growth, 5-years average	3.4%	7%
Population	1.3M	6.9M
GDP per capita	$23k	$2.5k
GDP per capita growth	4.48%	4.62%
Purchasing Power Parity conversion factor	0.55	2901.2
Price level ratio of PPP conversion factor GDP to market exchange rate	0.65	0.34
GDP per capita, PPP adjusted	$34k	$7.9k
GNI, Atlas method	$27.9B	$17.3B
GNI per capita	$21k	$2.5k
GNI, PPP adjusted	$46.2B	$50.1B
GNI per capita, PPP adjusted	$35k	$7.1k

Financial system and Human development

Stat	Estonia	Laos
Income Tax Rate	20%	24%
Corporate Tax Rate	20%	24%
Inflation, consumer prices	3.4%	2%
Inflation, GDP deflator	4.5%	1.9%
Unemployment	5.5%	0.6%
Economic Freedom Index	77.7	55.5
Personal Freedom Index	9.04	5.8
Human Freedom Index	8.44	6.2
Property Rights Index	83.2	42.5
Judical Effectiveness Index	73.7	37.3
Business Freedom Index	73.5	54.3
Fiscal Health Index	99.9	53.3
Labor Freedom Index	57.3	58.6
Investment Freedom Index	90	35
Financial Freedom Index	70	20
Trade Freedom Index	86.4	82
Monetary Freedom Index	78.6	76.8
Government Spending Index	53.3	86.6
Tax Burden Index	81.1	87
Government Integrity Index	85.9	32
Corruption Perceptions Index	73	29
Life expectancy at birth, years	77.6	67.3
Suicide mortality rate, per 100,000 people	17.8	8.6
Mortality caused by road traffic injury, per 100,000 people	6.1	16.6
Intentional homicides, per 100,000 people	2.2	7
International tourism, number of arrivals	3.2M	3.8M

Government debt & reserves

Stat	Estonia	Laos
Central government debt, % of GDP	8.1%	63%
External debt stocks, % of GNI	N/A	90.2%
External debt stocks	N/A	$15.6B
Short-term debt, % of total reserves	N/A	41.2%
Total debt service, % of exports and primary income	N/A	14.6%
Adjusted net savings including particulate emission damage, % of GNI	15.2%	-1.2%
Gross savings, % of GDP	28.2%	17.6%
Gross capital formation, % of GDP	26.2%	29%
Total reserves including gold	$755M	$980.4M
Foreign direct investment net inflows	$1.2B	$1.3B

Exports, imports and economic structure

Stat	Estonia	Laos
Exports of goods and services, % of GDP	74.3%	33.2%
Imports of goods and services, % of GDP	70.7%	41.9%
Current account balance (balance of payments)	$612.4M	-$1.4B
Revenue excluding grants, % of GDP	34.8%	N/A
Grants excluding technical cooperation, BoP	$120.3M	$337.3M
Personal remittances received	$566.5M	$238.7M
Industry including construction value added, % of GDP	24.1%	31.5%
Agriculture, forestry and fishing value added, % of GDP	2.7%	15.7%
Charges for the use of intellectual property, payments BoP	$64.7M	N/A
Charges for the use of intellectual property, receipts BoP	$15.9M	N/A
Expense, % of GDP	35%	N/A
Government Expenditure, % of GDP	39.4%	21.1%