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Laos vs South Africa: Economic Indicators Comparison

South Africa with a GDP of $368.3B ranked the 35th largest economy in the world, while Laos ranked 118th with $18B. By GDP 5-years average growth and GDP per capita, South Africa and Laos ranked 151st vs 11th and 95th vs 140th, respectively.

Gross Domestic Product & Income

StatLaosSouth Africa
GDP$18B$368.3B
GDP growth, 1 year6.5%0.8%
GDP growth, 5-years average7%1.1%
Population6.8M57.7M
GDP per capita$2.5k$6.4k
GDP per capita growth4.62%-0.57%
Purchasing Power Parity conversion factor2901.26.16
Price level ratio of PPP conversion factor GDP to market exchange rate0.340.47
GDP per capita, PPP adjusted$7.9k$14k
GNI, Atlas method$17.3B$332.3B
GNI per capita$2.5k$5.8k
GNI, PPP adjusted$50.1B$765.8B
GNI per capita, PPP adjusted$7.1k$13k

Financial system and Human development

StatLaosSouth Africa
Income Tax Rate24%45%
Corporate Tax Rate24%28%
Inflation, consumer prices2%4.6%
Inflation, GDP deflator1.9%3.9%
Unemployment0.6%27%
Economic Freedom Index55.558.8
Personal Freedom Index5.86.92
Human Freedom Index6.26.78
Property Rights Index42.558.4
Judical Effectiveness Index37.338
Business Freedom Index54.362
Fiscal Health Index53.364
Labor Freedom Index58.658.8
Investment Freedom Index3545
Financial Freedom Index2050
Trade Freedom Index8275.8
Monetary Freedom Index76.875.9
Government Spending Index86.667.4
Tax Burden Index8763.7
Government Integrity Index3246.6
Corruption Perceptions Index2943
Life expectancy at birth, years67.363.5
Suicide mortality rate, per 100,000 people8.611.6
Mortality caused by road traffic injury, per 100,000 people16.625.9
Intentional homicides, per 100,000 people735.9
International tourism, number of arrivals3.8M10.5M

Government debt & reserves

StatLaosSouth Africa
Central government debt, % of GDP63%56.7%
External debt stocks, % of GNI90.2%50.6%
External debt stocks$15.6B$179.3B
Short-term debt, % of total reserves41.2%70.9%
Total debt service, % of exports and primary income14.6%19.9%
Adjusted net savings including particulate emission damage, % of GNI-1.2%0.6%
Gross savings, % of GDP17.6%14.9%
Gross capital formation, % of GDP29%17.9%
Total reserves including gold$980.4M$51.6B
Foreign direct investment net inflows$1.3B$5.5B

Exports, imports and economic structure

StatLaosSouth Africa
Exports of goods and services, % of GDP33.2%29.9%
Imports of goods and services, % of GDP41.9%29.6%
Current account balance (balance of payments)-$1.4B-$13.4B
Revenue excluding grants, % of GDPN/A30.9%
Grants excluding technical cooperation, BoP$337.3M$817.9M
Personal remittances received$238.7M$929M
Industry including construction value added, % of GDP31.5%25.9%
Agriculture, forestry and fishing value added, % of GDP15.7%2.2%
Charges for the use of intellectual property, payments BoPN/A$1.8B
Charges for the use of intellectual property, receipts BoPN/A$120.7M
Expense, % of GDPN/A34.4%
Government Expenditure, % of GDP21.1%33%

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

South Africa vs

CountryGDP
per capita
Population
Brazil
$8.9k
208M
Montenegro
$8.8k
622k
Cuba
$8.8k
11.3M
Lebanon
$8.3k
4.47M
Botswana
$8.3k
2.02M
Dominican Republic
$8.1k
10.4M
Gabon
$8k
1.67M
Dominica
$7.7k
72k
Saint Vincent
$7.4k
109k
Thailand
$7.3k
65.9M
Serbia
$7.2k
7.02M
Libya
$7.2k
5.66M
Turkmenistan
$7k
5.13M
Peru
$6.9k
30.4M
Colombia
$6.7k
49.1M
Ecuador
$6.3k
15.7M
Belarus
$6.3k
9.49M
Fiji
$6.3k
881k
Suriname
$6.2k
539k
North Macedonia
$6.1k
2.08M
Bosnia and Herzegovina
$6.1k
3.51M
Namibia
$5.9k
2.3M
Iraq
$5.8k
33.4M
Paraguay
$5.8k
6.8M
Iran
$5.6k
77.4M
Jamaica
$5.4k
2.89M
Albania
$5.3k
3.02M
Guyana
$5k
800k
Belize
$4.9k
375k
Azerbaijan
$4.7k
10M