Skip to content

Laos vs Russia: Economic Indicators Comparison

Russia with a GDP of $1.7T ranked the 11th largest economy in the world, while Laos ranked 118th with $18B. By GDP 5-years average growth and GDP per capita, Russia and Laos ranked 162nd vs 11th and 68th vs 140th, respectively.

Gross Domestic Product & Income

StatLaosRussia
GDP$18B$1.7T
GDP growth, 1 year6.5%2.3%
GDP growth, 5-years average7%0.5%
Population6.8M146.8M
GDP per capita$2.5k$11k
GDP per capita growth4.62%2.26%
Purchasing Power Parity conversion factor2901.225.64
Price level ratio of PPP conversion factor GDP to market exchange rate0.340.41
GDP per capita, PPP adjusted$7.9k$29k
GNI, Atlas method$17.3B$1.5T
GNI per capita$2.5k$10k
GNI, PPP adjusted$50.1B$3.9T
GNI per capita, PPP adjusted$7.1k$26k

Financial system and Human development

StatLaosRussia
Income Tax Rate24%13%
Corporate Tax Rate24%20%
Inflation, consumer prices2%2.9%
Inflation, GDP deflator1.9%10.3%
Unemployment0.6%4.7%
Economic Freedom Index55.561
Personal Freedom Index5.86.56
Human Freedom Index6.26.49
Property Rights Index42.556.8
Judical Effectiveness Index37.344.4
Business Freedom Index54.380.2
Fiscal Health Index53.398.7
Labor Freedom Index58.652.1
Investment Freedom Index3530
Financial Freedom Index2030
Trade Freedom Index8277.8
Monetary Freedom Index76.868.2
Government Spending Index86.663.8
Tax Burden Index8788.5
Government Integrity Index3241.3
Corruption Perceptions Index2928
Life expectancy at birth, years67.372.1
Suicide mortality rate, per 100,000 people8.631
Mortality caused by road traffic injury, per 100,000 people16.618
Intentional homicides, per 100,000 people79.2
International tourism, number of arrivals3.8M24.6M

Government debt & reserves

StatLaosRussia
Central government debt, % of GDP63%14%
External debt stocks, % of GNI90.2%28.1%
External debt stocks$15.6B$453.9B
Short-term debt, % of total reserves41.2%10.3%
Total debt service, % of exports and primary income14.6%19.6%
Adjusted net savings including particulate emission damage, % of GNI-1.2%8%
Gross savings, % of GDP17.6%30.2%
Gross capital formation, % of GDP29%22.7%
Total reserves including gold$980.4M$468.6B
Foreign direct investment net inflows$1.3B$8.8B

Exports, imports and economic structure

StatLaosRussia
Exports of goods and services, % of GDP33.2%30.7%
Imports of goods and services, % of GDP41.9%20.8%
Current account balance (balance of payments)-$1.4B$113.5B
Revenue excluding grants, % of GDPN/A27.5%
Grants excluding technical cooperation, BoP$337.3M$658.1M
Personal remittances received$238.7M$8.6B
Industry including construction value added, % of GDP31.5%32.1%
Agriculture, forestry and fishing value added, % of GDP15.7%3.1%
Charges for the use of intellectual property, payments BoPN/A$6.3B
Charges for the use of intellectual property, receipts BoPN/A$876.1M
Expense, % of GDPN/A28.9%
Government Expenditure, % of GDP21.1%34.7%

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
754k
Morocco
$3.2k
36M
Moldova
$3.2k
2.55M
Palestine
$3.2k
4.68M
Vanuatu
$3.1k
276k
Philippines
$3.1k
101M
Ukraine
$3.1k
42.6M
Djibouti
$3.1k
850k
Papua New Guinea
$2.7k
7.32M
Vietnam
$2.6k
94.7M
Egypt
$2.5k
94.8M
Honduras
$2.5k
8.1M
Ghana
$2.2k
28.3M
Congo
$2.1k
5.26M
Zimbabwe
$2.1k
14.1M
Solomon Islands
$2.1k
561k
East Timor
$2k
1.18M
Syria
$2k
19.8M
Nicaragua
$2k
6.22M
Nigeria
$2k
191M
India
$2k
1.35B
Sao Tome and Principe
$2k
193k
Ivory Coast
$1.7k
20.3M
Kenya
$1.7k
48.5M
North Korea
$1.7k
24.9M
Bangladesh
$1.7k
157M

Russia vs

CountryGDP
per capita
Population
Trinidad and Tobago
$17k
1.34M
Antigua and Barbuda
$17k
101k
Seychelles
$16k
95.8k
Oman
$16k
3.63M
Hungary
$16k
9.97M
Venezuela
$16k
28.5M
Chile
$16k
18.1M
Palau
$16k
20.9k
Panama
$16k
3.86M
Poland
$15k
38.5M
Croatia
$15k
4.11M
Romania
$12k
19.6M
Costa Rica
$12k
4.87M
Argentina
$12k
44.9M
Malaysia
$11k
31.6M
Mauritius
$11k
1.26M
Grenada
$11k
108k
Saint Lucia
$11k
179k
Maldives
$10k
345k
Equatorial Guinea
$10k
1.22M
Nauru
$9.9k
13.7k
Kazakhstan
$9.8k
18M
China
$9.8k
1.41B
Mexico
$9.7k
131M
Turkey
$9.4k
82M
Bulgaria
$9.3k
7.27M
Brazil
$8.9k
208M
Montenegro
$8.8k
622k
Cuba
$8.8k
11.3M
Lebanon
$8.3k
4.47M