The GDP composition of Laos in 2024 reflects a diverse economic structure. The services sector constitutes the largest portion at 28.52%, showcasing a stable share over the years. Mining, manufacturing, and utilities follow closely at 26.23%, driven by natural resource exploitation and industrialization efforts. Agriculture accounts for 19.48%, continuing its vital role in the economy. Wholesale, retail trade, restaurants, and hotels contribute 16.13%, indicating steady consumer activity. Construction and transport, storage, and communication sectors are smaller, at 6.28% and 3.37% respectively, reflecting ongoing infrastructural development and connectivity improvements.
- The services sector continues to lead, with mining and manufacturing as crucial contributors.
- Agriculture remains essential, although its share shows a declining trend against industrial sectors.
- Construction and transport, while smaller, are pivotal for future economic transformation.
Future trends worth monitoring in Laos include the impact of infrastructure projects on construction growth, potential shifts in the manufacturing landscape as Laos becomes more integrated into regional supply chains, and the continued expansion of the services sector, potentially led by tourism and financial services.
Top countries in GDP Composition by Sector
# | 6 Countries | Percent | Last Year | |
---|---|---|---|---|
1 | 1 Services | 28.52 | 2016 | |
2 | 2 Mining, Manufacturing, Utilities | 26.23 | 2016 | |
3 | 3 Agriculture, hunting, forestry, fishing | 19.48 | 2016 | |
4 | 4 Wholesale, retail trade, restaurants and hotels | 16.13 | 2016 | |
5 | 5 Construction | 6.28 | 2016 | |
6 | 6 Transport, storage and communication | 3.37 | 2016 |