GDP$15.7BCURRENT US$Rnk 128 / 186 GDP GROWTH54.3%CURRENT US$Rnk 52 / 186
GDP$389BCURRENT US$Rnk 40 / 186 GDP GROWTH-39.7%CURRENT US$Rnk 183 / 186 GDP PC $2,088CURRENT US$Rnk 149 / 186GDP PC GROWTH33.4%CURRENT US$Rnk 59 / 186GDP PC$4,388CURRENT US$Rnk 116 / 186GDP PC GROWTH-47.3%CURRENT US$Rnk 183 / 186In 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 2022, Laos ranked 100 in the Economic Complexity Index (ECI -0.79), and 106 in total exports ($9.36B). That same year, Iran ranked 60 in the Economic Complexity Index (ECI 0.072), and 86 in total exports ($15.9B).
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 2022, countries that imported more from Laos than Iran included Thailand ($3.29B), Vietnam ($978M), and Australia ($351M).
In 2022, countries that imported more from Iran than Laos included Turkey ($3.17B), China ($5.72B), and Kuwait ($960M).
) 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 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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