Lao PDR—GDP Deflator (%)
Lao PDR's gdp deflator (%) was 14.0% in 2024, ranking #22 out of 209 countries. This represents a -42.5% change from 2023. Over the past 25 years, the highest recorded value was 24.8% (2000) and the lowest was -2.9% (2009). Data sourced from the World Bank World Development Indicators.
Historical Data
| Year | Value | Change |
|---|---|---|
| 2024 | 14.0% | -42.5% |
| 2023 | 24.4% | +54.8% |
| 2022 | 15.8% | +324.8% |
| 2021 | 3.7% | -26.2% |
| 2020 | 5.0% | +320.4% |
| 2019 | 1.2% | -37.6% |
| 2018 | 1.9% | +3.7% |
| 2017 | 1.9% | -38.7% |
| 2016 | 3.0% | +28.7% |
| 2015 | 2.3% | -59.0% |
| 2014 | 5.7% | -11.5% |
| 2013 | 6.5% | -14.0% |
| 2012 | 7.5% | -28.1% |
| 2011 | 10.5% | +13.8% |
| 2010 | 9.2% | +413.7% |
| 2009 | -2.9% | -133.1% |
| 2008 | 8.9% | +19.2% |
| 2007 | 7.4% | -31.2% |
| 2006 | 10.8% | +25.1% |
| 2005 | 8.6% | -19.2% |
| 2004 | 10.7% | -20.5% |
| 2003 | 13.5% | +112.9% |
| 2002 | 6.3% | -28.8% |
| 2001 | 8.9% | -64.2% |
| 2000 | 24.8% |
Top Countries — GDP Deflator (%)
| # | Country | Value | Year |
|---|---|---|---|
| 1 | Zimbabwe | 1097.2% | 2024 |
| 2 | Sudan | 243.9% | 2024 |
| 3 | Argentina | 207.6% | 2024 |
| 4 | Lebanon | 202.9% | 2023 |
| 5 | Syrian Arab Republic | 112.1% | 2022 |
| 6 | Turkiye | 59.3% | 2024 |
| 7 | Venezuela, RB | 54.7% | 2024 |
| 8 | Egypt, Arab Rep. | 33.7% | 2024 |
| 9 | Cuba | 32.2% | 2024 |
| 10 | Iran, Islamic Rep. | 28.4% | 2024 |
About This Indicator
Definition
Inflation as measured by the annual growth rate of the GDP implicit deflator shows the rate of price change in the economy as a whole. The GDP implicit deflator is the ratio of GDP in current local currency to GDP in constant local currency.
Methodology
Data compiled by Country official statistics, National Statistical Organizations and/or Central Banks; National Accounts data files, Organisation for Economic Co-operation and Development (OECD); Staff estimates, World Bank (WB).