Laos vs Namibia: Economic Indicators Comparison

Laos with a GDP of $18B ranked the 118th largest economy in the world, while Namibia ranked 127th with $14.5B. By GDP 5-years average growth and GDP per capita, Laos and Namibia ranked 11th vs 117th and 140th vs 102nd, respectively.

Gross Domestic Product & Income

StatLaosNamibia
GDP$18B$14.5B
GDP growth, 1 year6.5%-0.1%
GDP growth, 5-years average7%2.4%
Population6.9M2.5M
GDP per capita$2.5k$5.9k
GDP per capita growth4.62%-2.4%
Purchasing Power Parity conversion factor2901.27.07
Price level ratio of PPP conversion factor GDP to market exchange rate0.340.53
GDP per capita, PPP adjusted$7.9k$11k
GNI, Atlas method$17.3B$12.8B
GNI per capita$2.5k$5.2k
GNI, PPP adjusted$50.1B$26.6B
GNI per capita, PPP adjusted$7.1k$11k

Financial system and Human development

StatLaosNamibia
Income Tax Rate24%37%
Corporate Tax Rate24%34%
Inflation, consumer prices2%4.3%
Inflation, GDP deflator1.9%7%
Unemployment0.6%23.1%
Economic Freedom Index55.560.9
Personal Freedom Index5.87.15
Human Freedom Index6.26.97
Property Rights Index42.558.9
Judical Effectiveness Index37.358.5
Business Freedom Index54.365.6
Fiscal Health Index53.328.7
Labor Freedom Index58.684.9
Investment Freedom Index3565
Financial Freedom Index2040
Trade Freedom Index8283.2
Monetary Freedom Index76.875.9
Government Spending Index86.658.1
Tax Burden Index8765.7
Government Integrity Index3246
Corruption Perceptions Index2953
Life expectancy at birth, years67.363
Suicide mortality rate, per 100,000 people8.68.7
Mortality caused by road traffic injury, per 100,000 people16.630.4
Intentional homicides, per 100,000 people717.1
International tourism, number of arrivals3.8M1.5M

Government debt & reserves

StatLaosNamibia
Central government debt, % of GDP63%47.1%
External debt stocks, % of GNI90.2%N/A
External debt stocks$15.6BN/A
Short-term debt, % of total reserves41.2%N/A
Total debt service, % of exports and primary income14.6%N/A
Adjusted net savings including particulate emission damage, % of GNI-1.2%4.5%
Gross savings, % of GDP17.6%14%
Gross capital formation, % of GDP29%12.6%
Total reserves including gold$980.4M$2.1B
Foreign direct investment net inflows$1.3B$199.6M

Exports, imports and economic structure

StatLaosNamibia
Exports of goods and services, % of GDP33.2%38.7%
Imports of goods and services, % of GDP41.9%44.9%
Current account balance (balance of payments)-$1.4B-$354.5M
Revenue excluding grants, % of GDPN/A31.6%
Grants excluding technical cooperation, BoP$337.3M$127.9M
Personal remittances received$238.7M$53.7M
Industry including construction value added, % of GDP31.5%29.3%
Agriculture, forestry and fishing value added, % of GDP15.7%7.2%
Charges for the use of intellectual property, payments BoPN/A$1.3M
Charges for the use of intellectual property, receipts BoPN/A$1.4M
Expense, % of GDPN/A31.1%
Government Expenditure, % of GDP21.1%37.4%

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

Namibia vs

CountryGDP
per capita
Population
Dominica
$7.7k
73.9k
Saint Vincent
$7.4k
110k
Thailand
$7.3k
65.9M
Serbia
$7.2k
7.02M
Libya
$7.2k
6.68M
Turkmenistan
$7k
5.85M
Peru
$6.9k
29.4M
Colombia
$6.7k
49.1M
South Africa
$6.4k
57.7M
Ecuador
$6.3k
16.6M
Belarus
$6.3k
9.41M
Fiji
$6.3k
906k
Suriname
$6.2k
563k
North Macedonia
$6.1k
2.08M
Bosnia and Herzegovina
$6.1k
3.51M
Iraq
$5.8k
38.3M
Paraguay
$5.8k
6.81M
Iran
$5.6k
80M
Jamaica
$5.4k
2.89M
Albania
$5.3k
3.02M
Guyana
$5k
778k
Belize
$4.9k
375k
Azerbaijan
$4.7k
10M
Georgia
$4.7k
3.72M
Guatemala
$4.5k
17.3M
Tonga
$4.4k
108k
Jordan
$4.2k
10.4M
Armenia
$4.2k
2.93M
Samoa
$4.2k
196k
Eswatini
$4.1k
1.37M