Laos vs Serbia: Economic Indicators Comparison
Gross Domestic Product & Income
| Stat |  Laos |  Serbia |
|---|---|---|
| GDP | $18B | $50.6B |
| GDP growth, 1 year | 6.5% | 4.4% |
| GDP growth, 5-years average | 7% | 2% |
| Population | 6.9M | 7M |
| GDP per capita | $2.5k | $7.2k |
| GDP per capita growth | 4.62% | 4.97% |
| Purchasing Power Parity conversion factor | 2901.2 | 41.64 |
| Price level ratio of PPP conversion factor GDP to market exchange rate | 0.34 | 0.42 |
| GDP per capita, PPP adjusted | $7.9k | $18k |
| GNI, Atlas method | $17.3B | $44.6B |
| GNI per capita | $2.5k | $6.4k |
| GNI, PPP adjusted | $50.1B | $115.5B |
| GNI per capita, PPP adjusted | $7.1k | $17k |
Financial system and Human development
| Stat | Laos | Serbia |
|---|---|---|
| Income Tax Rate | 24% | 10% |
| Corporate Tax Rate | 24% | 15% |
| Inflation, consumer prices | 2% | 2% |
| Inflation, GDP deflator | 1.9% | 2.1% |
| Unemployment | 0.6% | 13.5% |
| Economic Freedom Index | 55.5 | 66 |
| Personal Freedom Index | 5.8 | 7.84 |
| Human Freedom Index | 6.2 | 7.19 |
| Property Rights Index | 42.5 | 55.4 |
| Judical Effectiveness Index | 37.3 | 46.8 |
| Business Freedom Index | 54.3 | 72.6 |
| Fiscal Health Index | 53.3 | 94.1 |
| Labor Freedom Index | 58.6 | 66.9 |
| Investment Freedom Index | 35 | 70 |
| Financial Freedom Index | 20 | 50 |
| Trade Freedom Index | 82 | 78 |
| Monetary Freedom Index | 76.8 | 80.7 |
| Government Spending Index | 86.6 | 49.7 |
| Tax Burden Index | 87 | 83.7 |
| Government Integrity Index | 32 | 44 |
| Corruption Perceptions Index | 29 | 39 |
| Life expectancy at birth, years | 67.3 | 76.1 |
| Suicide mortality rate, per 100,000 people | 8.6 | 15.6 |
| Mortality caused by road traffic injury, per 100,000 people | 16.6 | 7.4 |
| Intentional homicides, per 100,000 people | 7 | 1.1 |
| International tourism, number of arrivals | 3.8M | 1.7M |
Government debt & reserves
| Stat | Laos | Serbia |
|---|---|---|
| Central government debt, % of GDP | 63% | 54.3% |
| External debt stocks, % of GNI | 90.2% | 71.7% |
| External debt stocks | $15.6B | $34.3B |
| Short-term debt, % of total reserves | 41.2% | 16.4% |
| Total debt service, % of exports and primary income | 14.6% | 22.3% |
| Adjusted net savings including particulate emission damage, % of GNI | -1.2% | -3.2% |
| Gross savings, % of GDP | 17.6% | 18.6% |
| Gross capital formation, % of GDP | 29% | 22.7% |
| Total reserves including gold | $980.4M | $12.9B |
| Foreign direct investment net inflows | $1.3B | $4.1B |
Exports, imports and economic structure
| Stat | Laos | Serbia |
|---|---|---|
| Exports of goods and services, % of GDP | 33.2% | 50.8% |
| Imports of goods and services, % of GDP | 41.9% | 59.3% |
| Current account balance (balance of payments) | -$1.4B | -$2.6B |
| Revenue excluding grants, % of GDP | N/A | 32.8% |
| Grants excluding technical cooperation, BoP | $337.3M | $334.6M |
| Personal remittances received | $238.7M | $4.3B |
| Industry including construction value added, % of GDP | 31.5% | 25.5% |
| Agriculture, forestry and fishing value added, % of GDP | 15.7% | 6.3% |
| Charges for the use of intellectual property, payments BoP | N/A | $289.7M |
| Charges for the use of intellectual property, receipts BoP | N/A | $57.9M |
| Expense, % of GDP | N/A | 36.9% |
| Government Expenditure, % of GDP | 21.1% | 40.9% |
