Laos vs the United Kingdom: Economic Indicators Comparison

The United Kingdom with a GDP of $2.9T ranked the 5th largest economy in the world, while Laos ranked 118th with $18B. By GDP 5-years average growth and GDP per capita, the United Kingdom and Laos ranked 126th vs 11th and 23rd vs 140th, respectively.

Gross Domestic Product & Income

StatLaosUnited Kingdom
GDP$18B$2.9T
GDP growth, 1 year6.5%1.4%
GDP growth, 5-years average7%2.1%
Population6.9M66M
GDP per capita$2.5k$43k
GDP per capita growth4.62%0.73%
Purchasing Power Parity conversion factor2901.20.7
Price level ratio of PPP conversion factor GDP to market exchange rate0.340.93
GDP per capita, PPP adjusted$7.9k$46k
GNI, Atlas method$17.3B$2.8T
GNI per capita$2.5k$42k
GNI, PPP adjusted$50.1B$3T
GNI per capita, PPP adjusted$7.1k$45k

Financial system and Human development

StatLaosUnited Kingdom
Income Tax Rate24%45%
Corporate Tax Rate24%20%
Inflation, consumer prices2%2.5%
Inflation, GDP deflator1.9%1.9%
Unemployment0.6%4%
Economic Freedom Index55.579.3
Personal Freedom Index5.89.08
Human Freedom Index6.28.55
Property Rights Index42.592.2
Judical Effectiveness Index37.382.7
Business Freedom Index54.394.7
Fiscal Health Index53.378.1
Labor Freedom Index58.673.1
Investment Freedom Index3580
Financial Freedom Index2080
Trade Freedom Index8286.4
Monetary Freedom Index76.880.3
Government Spending Index86.649.5
Tax Burden Index8764.7
Government Integrity Index3289.9
Corruption Perceptions Index2980
Life expectancy at birth, years67.381.2
Suicide mortality rate, per 100,000 people8.68.9
Mortality caused by road traffic injury, per 100,000 people16.63.1
Intentional homicides, per 100,000 people71.2
International tourism, number of arrivals3.8M36.3M

Government debt & reserves

StatLaosUnited Kingdom
Central government debt, % of GDP63%86.9%
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%5.5%
Gross savings, % of GDP17.6%13.4%
Gross capital formation, % of GDP29%17.3%
Total reserves including gold$980.4M$172.7B
Foreign direct investment net inflows$1.3B$35.1B

Exports, imports and economic structure

StatLaosUnited Kingdom
Exports of goods and services, % of GDP33.2%30%
Imports of goods and services, % of GDP41.9%31.8%
Current account balance (balance of payments)-$1.4B-$123.1B
Revenue excluding grants, % of GDPN/A35.3%
Grants excluding technical cooperation, BoP$337.3MN/A
Personal remittances received$238.7M$4.4B
Industry including construction value added, % of GDP31.5%17.5%
Agriculture, forestry and fishing value added, % of GDP15.7%0.6%
Charges for the use of intellectual property, payments BoPN/A$13.5B
Charges for the use of intellectual property, receipts BoPN/A$21.7B
Expense, % of GDPN/A36%
Government Expenditure, % of GDP21.1%41%

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

United Kingdom vs

CountryGDP
per capita
Population
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
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
Brunei
$32k
429k
South Korea
$31k
51.5M
Spain
$30k
46.7M
Malta
$30k
465k
Cyprus
$28k
1.14M
Slovenia
$26k
2.07M
Taiwan
$25k
23.6M