Ireland vs Laos: Economic Indicators Comparison

Ireland with a GDP of $382.5B ranked the 33rd largest economy in the world, while Laos ranked 118th with $18B. By GDP 5-years average growth and GDP per capita, Ireland and Laos ranked 1st vs 11th and 7th vs 140th, respectively.

Gross Domestic Product & Income

Stat	Ireland	Laos
GDP	$382.5B	$18B
GDP growth, 1 year	6.8%	6.5%
GDP growth, 5-years average	10.5%	7%
Population	4.8M	6.9M
GDP per capita	$79k	$2.5k
GDP per capita growth	7.14%	4.62%
Purchasing Power Parity conversion factor	0.8	2901.2
Price level ratio of PPP conversion factor GDP to market exchange rate	0.95	0.34
GDP per capita, PPP adjusted	$79k	$7.9k
GNI, Atlas method	$297.9B	$17.3B
GNI per capita	$61k	$2.5k
GNI, PPP adjusted	$325.4B	$50.1B
GNI per capita, PPP adjusted	$67k	$7.1k

Financial system and Human development

Stat	Ireland	Laos
Income Tax Rate	41%	24%
Corporate Tax Rate	12.5%	24%
Inflation, consumer prices	0.7%	2%
Inflation, GDP deflator	0.8%	1.9%
Unemployment	5.7%	0.6%
Economic Freedom Index	80.9	55.5
Personal Freedom Index	9.04	5.8
Human Freedom Index	8.48	6.2
Property Rights Index	86.6	42.5
Judical Effectiveness Index	64.4	37.3
Business Freedom Index	82.7	54.3
Fiscal Health Index	91.4	53.3
Labor Freedom Index	75.9	58.6
Investment Freedom Index	90	35
Financial Freedom Index	70	20
Trade Freedom Index	86.4	82
Monetary Freedom Index	85.3	76.8
Government Spending Index	78.8	86.6
Tax Burden Index	76.4	87
Government Integrity Index	82.8	32
Corruption Perceptions Index	73	29
Life expectancy at birth, years	82	67.3
Suicide mortality rate, per 100,000 people	11.5	8.6
Mortality caused by road traffic injury, per 100,000 people	4.1	16.6
Intentional homicides, per 100,000 people	0.9	7
International tourism, number of arrivals	10.9M	3.8M

Government debt & reserves

Stat	Ireland	Laos
Central government debt, % of GDP	65.2%	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	16%	-1.2%
Gross savings, % of GDP	36.6%	17.6%
Gross capital formation, % of GDP	23.8%	29%
Total reserves including gold	$5.2B	$980.4M
Foreign direct investment net inflows	$64.5B	$1.3B

Exports, imports and economic structure

Stat	Ireland	Laos
Exports of goods and services, % of GDP	122.3%	33.2%
Imports of goods and services, % of GDP	89.2%	41.9%
Current account balance (balance of payments)	$40.9B	-$1.4B
Revenue excluding grants, % of GDP	24.2%	N/A
Grants excluding technical cooperation, BoP	N/A	$337.3M
Personal remittances received	$623.6M	$238.7M
Industry including construction value added, % of GDP	36.8%	31.5%
Agriculture, forestry and fishing value added, % of GDP	0.9%	15.7%
Charges for the use of intellectual property, payments BoP	$85.1B	N/A
Charges for the use of intellectual property, receipts BoP	$13.9B	N/A
Expense, % of GDP	23.3%	N/A
Government Expenditure, % of GDP	26.6%	21.1%