GDP$15.8BCURRENT US$Rnk 133 / 195 GDP GROWTH32.2%CURRENT US$Rnk 109 / 195
GDP$405BCURRENT US$Rnk 36 / 195 GDP GROWTH-19.1%CURRENT US$Rnk 189 / 195 GDP PC $2,067CURRENT US$Rnk 157 / 195GDP PC GROWTH14%CURRENT US$Rnk 123 / 195GDP PC$4,466CURRENT US$Rnk 125 / 196GDP PC GROWTH-28.2%CURRENT US$Rnk 186 / 195In N/A, Laos did not export any services to Iran.
Iran-Laos In N/A, Iran did not export any products to Laos.
In N/A, Iran did not export any services to Laos.
Comparison: In 2023, Laos ranked 107 in the Economic Complexity Index (ECI -0.89), and 108 in total exports ($8.7B). That same year, Iran ranked 58 in the Economic Complexity Index (ECI 0.084), and 92 in total exports ($13.2B).
This map shows whether countries import more from Laos or Iran. Each country is colored based on the difference in imports they receive from Laos and Iran or the difference in the growth in imports.
In 2023, countries that imported more from Laos than Iran included Thailand ($2.99B), Australia ($367M), and United States ($306M).
In 2023, countries that imported more from Iran than Laos included Turkey ($2.18B), China ($4.59B), and Pakistan ($943M).
) and Laos () (2023)We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.
This visualization shows the product space at the HS4 level with the flags of Laos and Iran. This means that a dot/product with the flag of Laos indicates it has a comparative advantage over Iran. Similarly, a dot/product with the flag of Iran indicates it has a comparative advantage over Laos.
) and Iran () (2021)
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