GDP$15.7BCURRENT US$Rnk 128 / 186 GDP GROWTH54.3%CURRENT US$Rnk 52 / 186
GDP$18.9BCURRENT US$Rnk 120 / 186 GDP GROWTH53.3%CURRENT US$Rnk 55 / 186 GDP PC $2,088CURRENT US$Rnk 149 / 186GDP PC GROWTH33.4%CURRENT US$Rnk 59 / 186GDP PC$6,803CURRENT US$Rnk 94 / 186GDP PC GROWTH60.2%CURRENT US$Rnk 27 / 186In N/A, Laos did not export any services to Albania.
Albania-Laos In false, Albania did not export any products to Laos.
In N/A, Albania did not export any services to Laos.
Comparison: In 2022, Laos ranked 100 in the Economic Complexity Index (ECI -0.79), and 106 in total exports ($9.36B). That same year, Albania ranked 77 in the Economic Complexity Index (ECI -0.24), and 131 in total exports ($4.3B).
This map shows whether countries import more from Laos or Albania. Each country is colored based on the difference in imports they receive from Laos and Albania or the difference in the growth in imports.
In 2022, countries that imported more from Laos than Albania included Thailand ($3.29B), China ($2.73B), and Vietnam ($978M).
In 2022, countries that imported more from Albania than Laos included Italy ($1.75B), Greece ($421M), and Spain ($309M).
) and Laos () (2022)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 Albania. This means that a dot/product with the flag of Laos indicates it has a comparative advantage over Albania. Similarly, a dot/product with the flag of Albania indicates it has a comparative advantage over Laos.
) and Albania () (2015)
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