Laos vs Madagascar: Economic Indicators Comparison

Laos with a GDP of $18B ranked the 118th largest economy in the world, while Madagascar ranked 130th with $13.9B. By GDP 5-years average growth and GDP per capita, Laos and Madagascar ranked 11th vs 55th and 140th vs 190th, respectively.

Gross Domestic Product & Income

StatLaosMadagascar
GDP$18B$13.9B
GDP growth, 1 year6.5%5.2%
GDP growth, 5-years average7%4%
Population6.9M25.6M
GDP per capita$2.5k$528
GDP per capita growth4.62%1.81%
Purchasing Power Parity conversion factor2901.2929.9
Price level ratio of PPP conversion factor GDP to market exchange rate0.340.28
GDP per capita, PPP adjusted$7.9k$1.6k
GNI, Atlas method$17.3B$13.3B
GNI per capita$2.5k$510
GNI, PPP adjusted$50.1B$48.2B
GNI per capita, PPP adjusted$7.1k$1.8k

Financial system and Human development

StatLaosMadagascar
Income Tax Rate24%20%
Corporate Tax Rate24%20%
Inflation, consumer prices2%7.3%
Inflation, GDP deflator1.9%7.6%
Unemployment0.6%1.7%
Economic Freedom Index55.560.5
Personal Freedom Index5.87.29
Human Freedom Index6.26.69
Property Rights Index42.545.6
Judical Effectiveness Index37.339.6
Business Freedom Index54.347.3
Fiscal Health Index53.390.6
Labor Freedom Index58.644.6
Investment Freedom Index3555
Financial Freedom Index2050
Trade Freedom Index8273.6
Monetary Freedom Index76.872.7
Government Spending Index86.691.5
Tax Burden Index8790.7
Government Integrity Index3225
Corruption Perceptions Index2925
Life expectancy at birth, years67.366.3
Suicide mortality rate, per 100,000 people8.63.9
Mortality caused by road traffic injury, per 100,000 people16.628.6
Intentional homicides, per 100,000 people77.7
International tourism, number of arrivals3.8M291k

Government debt & reserves

StatLaosMadagascar
Central government debt, % of GDP63%39.7%
External debt stocks, % of GNI90.2%31.8%
External debt stocks$15.6B$3.7B
Short-term debt, % of total reserves41.2%15.6%
Total debt service, % of exports and primary income14.6%2.7%
Adjusted net savings including particulate emission damage, % of GNI-1.2%7.7%
Gross savings, % of GDP17.6%18.6%
Gross capital formation, % of GDP29%19.6%
Total reserves including gold$980.4M$1.7B
Foreign direct investment net inflows$1.3B$612M

Exports, imports and economic structure

StatLaosMadagascar
Exports of goods and services, % of GDP33.2%28.7%
Imports of goods and services, % of GDP41.9%33.8%
Current account balance (balance of payments)-$1.4B$80.1M
Revenue excluding grants, % of GDPN/A11.4%
Grants excluding technical cooperation, BoP$337.3M$373.7M
Personal remittances received$238.7M$425.5M
Industry including construction value added, % of GDP31.5%23.1%
Agriculture, forestry and fishing value added, % of GDP15.7%23.8%
Charges for the use of intellectual property, payments BoPN/A$17.1M
Charges for the use of intellectual property, receipts BoPN/A$4.5M
Expense, % of GDPN/A9.8%
Government Expenditure, % of GDP21.1%16.8%

Compare with countries close by GDP per capita

Laos vs

CountryGDP
per capita
Population
Cape Verde
$3.6k
546k
Bolivia
$3.5k
11.1M
Tunisia
$3.4k
11.6M
Angola
$3.4k
29.8M
Bhutan
$3.2k
808k
Morocco
$3.2k
36M
Moldova
$3.2k
2.55M
Palestine
$3.2k
4.68M
Vanuatu
$3.1k
276k
Philippines
$3.1k
105M
Ukraine
$3.1k
42.6M
Djibouti
$3.1k
957k
Papua New Guinea
$2.7k
8.25M
Vietnam
$2.6k
94.7M
Egypt
$2.5k
94.8M
Honduras
$2.5k
9.27M
Ghana
$2.2k
26.9M
Congo
$2.1k
5.26M
Zimbabwe
$2.1k
16.5M
Solomon Islands
$2.1k
611k
East Timor
$2k
1.3M
Syria
$2k
18.3M
Nicaragua
$2k
6.22M
Nigeria
$2k
191M
India
$2k
1.33B
Sao Tome and Principe
$2k
204k
Ivory Coast
$1.7k
24.3M
Kenya
$1.7k
48.5M
North Korea
$1.7k
25.5M
Bangladesh
$1.7k
165M

Madagascar vs

CountryGDP
per capita
Population
Kyrgyzstan
$1.3k
6.2M
Mauritania
$1.2k
4.42M
South Sudan
$1.1k
12.6M
Tanzania
$1.1k
57.3M
Nepal
$1k
29.4M
Sudan
$977
40.5M
Yemen
$944
28.3M
Benin
$902
11.2M
Mali
$900
18.5M
Guinea
$879
12.7M
Haiti
$868
11M
Tajikistan
$827
8.92M
Eritrea
$811
3.5M
Guinea-Bissau
$778
1.86M
Rwanda
$773
12.2M
Ethiopia
$772
105M
Chad
$728
15.5M
Gambia
$716
2.1M
Burkina Faso
$715
19.2M
Togo
$679
7.8M
Liberia
$677
4.73M
Uganda
$643
42.9M
DR Congo
$562
86.8M
Sierra Leone
$534
7.56M
Afghanistan
$521
34.9M
Mozambique
$499
29.7M
Central African Republic
$476
4.66M
Niger
$414
21.5M
Malawi
$389
18.6M
Somalia
$315
11M