Laos vs Norway: Economic Indicators Comparison

Norway with a GDP of $434.2B ranked the 30th largest economy in the world, while Laos ranked 118th with $18B. By GDP 5-years average growth and GDP per capita, Norway and Laos ranked 142nd vs 11th and 5th vs 140th, respectively.

Gross Domestic Product & Income

StatLaosNorway
GDP$18B$434.2B
GDP growth, 1 year6.5%1.4%
GDP growth, 5-years average7%1.7%
Population6.9M5.4M
GDP per capita$2.5k$82k
GDP per capita growth4.62%0.58%
Purchasing Power Parity conversion factor2901.210.14
Price level ratio of PPP conversion factor GDP to market exchange rate0.341.25
GDP per capita, PPP adjusted$7.9k$74k
GNI, Atlas method$17.3B$428.4B
GNI per capita$2.5k$81k
GNI, PPP adjusted$50.1B$363B
GNI per capita, PPP adjusted$7.1k$68k

Financial system and Human development

StatLaosNorway
Income Tax Rate24%47.8%
Corporate Tax Rate24%22%
Inflation, consumer prices2%2.8%
Inflation, GDP deflator1.9%5.8%
Unemployment0.6%3.9%
Economic Freedom Index55.573.4
Personal Freedom Index5.89.55
Human Freedom Index6.28.61
Property Rights Index42.584.3
Judical Effectiveness Index37.382.8
Business Freedom Index54.386.1
Fiscal Health Index53.397.3
Labor Freedom Index58.657.4
Investment Freedom Index3575
Financial Freedom Index2060
Trade Freedom Index8283.8
Monetary Freedom Index76.874.8
Government Spending Index86.625.6
Tax Burden Index8757.7
Government Integrity Index3295.6
Corruption Perceptions Index2984
Life expectancy at birth, years67.382.5
Suicide mortality rate, per 100,000 people8.612.2
Mortality caused by road traffic injury, per 100,000 people16.62.7
Intentional homicides, per 100,000 people70.5
International tourism, number of arrivals3.8M5.7M

Government debt & reserves

StatLaosNorway
Central government debt, % of GDP63%36.8%
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%16.9%
Gross savings, % of GDP17.6%35.9%
Gross capital formation, % of GDP29%27.3%
Total reserves including gold$980.4M$63.1B
Foreign direct investment net inflows$1.3B-$17.4B

Exports, imports and economic structure

StatLaosNorway
Exports of goods and services, % of GDP33.2%38.4%
Imports of goods and services, % of GDP41.9%32.6%
Current account balance (balance of payments)-$1.4B$31.4B
Revenue excluding grants, % of GDPN/A47.4%
Grants excluding technical cooperation, BoP$337.3MN/A
Personal remittances received$238.7M$644.3M
Industry including construction value added, % of GDP31.5%32%
Agriculture, forestry and fishing value added, % of GDP15.7%1.9%
Charges for the use of intellectual property, payments BoPN/A$768.9M
Charges for the use of intellectual property, receipts BoPN/A$515.2M
Expense, % of GDPN/A37.7%
Government Expenditure, % of GDP21.1%49.8%

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

Norway vs

CountryGDP
per capita
Population
Monaco
$186k
38.7k
Liechtenstein
$165k
37.9k
Luxembourg
$117k
626k
Switzerland
$83k
8.47M
Cayman Islands
$81k
58.4k
Ireland
$79k
4.76M
Iceland
$73k
357k
Qatar
$69k
2.64M
Singapore
$65k
5.89M
United States
$63k
325M
Denmark
$61k
5.83M
Australia
$57k
24.5M
Sweden
$55k
10.3M
Netherlands
$53k
17.3M
Austria
$51k
8.81M
Finland
$50k
5.5M
San Marino
$48k
33.4k
Germany
$48k
83.1M
Belgium
$48k
11.4M
Canada
$46k
37.9M
United Arab Emirates
$43k
9.4M
United Kingdom
$43k
66M
Andorra
$42k
76.2k
New Zealand
$42k
4.94M
Israel
$42k
9.09M
France
$41k
66.6M
Japan
$39k
127M
Italy
$34k
60.3M
Kuwait
$34k
4.6M
Bahamas
$32k
395k