Skip to content

Laos vs Singapore: Economic Indicators Comparison

Singapore with a GDP of $364.2B ranked the 36th largest economy in the world, while Laos ranked 118th with $18B. By GDP 5-years average growth and GDP per capita, Singapore and Laos ranked 76th vs 11th and 10th vs 140th, respectively.

Gross Domestic Product & Income

StatLaosSingapore
GDP$18B$364.2B
GDP growth, 1 year6.5%3.2%
GDP growth, 5-years average7%3.3%
Population6.8M5.9M
GDP per capita$2.5k$65k
GDP per capita growth4.62%2.66%
Purchasing Power Parity conversion factor2901.20.86
Price level ratio of PPP conversion factor GDP to market exchange rate0.340.64
GDP per capita, PPP adjusted$7.9k$100k
GNI, Atlas method$17.3B$331.4B
GNI per capita$2.5k$59k
GNI, PPP adjusted$50.1B$533.8B
GNI per capita, PPP adjusted$7.1k$95k

Financial system and Human development

StatLaosSingapore
Income Tax Rate24%22%
Corporate Tax Rate24%17%
Inflation, consumer prices2%0.4%
Inflation, GDP deflator1.9%1.9%
Unemployment0.6%3.8%
Economic Freedom Index55.589.4
Personal Freedom Index5.87.44
Human Freedom Index6.28.1
Property Rights Index42.596.8
Judical Effectiveness Index37.392.9
Business Freedom Index54.392.8
Fiscal Health Index53.380
Labor Freedom Index58.690.9
Investment Freedom Index3585
Financial Freedom Index2080
Trade Freedom Index8294.8
Monetary Freedom Index76.885.6
Government Spending Index86.691.1
Tax Burden Index8790.3
Government Integrity Index3292.4
Corruption Perceptions Index2985
Life expectancy at birth, years67.382.9
Suicide mortality rate, per 100,000 people8.69.9
Mortality caused by road traffic injury, per 100,000 people16.62.8
Intentional homicides, per 100,000 people70.2
International tourism, number of arrivals3.8M14.7M

Government debt & reserves

StatLaosSingapore
Central government debt, % of GDP63%108.3%
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%36.8%
Gross savings, % of GDP17.6%45.8%
Gross capital formation, % of GDP29%26.6%
Total reserves including gold$980.4M$292.7B
Foreign direct investment net inflows$1.3B$82B

Exports, imports and economic structure

StatLaosSingapore
Exports of goods and services, % of GDP33.2%176.4%
Imports of goods and services, % of GDP41.9%149.8%
Current account balance (balance of payments)-$1.4B$65.1B
Revenue excluding grants, % of GDPN/A18.8%
Grants excluding technical cooperation, BoP$337.3M$1.6M
Personal remittances received$238.7MN/A
Industry including construction value added, % of GDP31.5%25.2%
Agriculture, forestry and fishing value added, % of GDP15.7%0%
Charges for the use of intellectual property, payments BoPN/A$15.2B
Charges for the use of intellectual property, receipts BoPN/A$8.7B
Expense, % of GDPN/A15.2%
Government Expenditure, % of GDP21.1%17.2%

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

Singapore vs

CountryGDP
per capita
Population
Monaco
$186k
37.8k
Liechtenstein
$165k
37.9k
Luxembourg
$117k
614k
Switzerland
$83k
8.21M
Norway
$82k
5.33M
Cayman Islands
$81k
58.4k
Ireland
$79k
4.76M
Iceland
$73k
357k
Qatar
$69k
2.17M
United States
$63k
325M
Denmark
$61k
5.83M
Australia
$57k
23.4M
Sweden
$55k
10.3M
Netherlands
$53k
17.2M
Austria
$51k
8.81M
Finland
$50k
5.5M
San Marino
$48k
31.6k
Germany
$48k
83M
Belgium
$48k
11.2M
Canada
$46k
35.7M
United Arab Emirates
$43k
9.35M
United Kingdom
$43k
65.1M
Andorra
$42k
76.2k
New Zealand
$42k
4.89M
Israel
$42k
8.89M
France
$41k
66.6M
Japan
$39k
127M
Italy
$34k
60.6M
Kuwait
$34k
4.66M
Bahamas
$32k
377k