South Korea vs Laos: GDP per capita
GDP per capita over time
- South Korea
- Laos
How they compare
South Korea currently reports 51.53 million current LCU against 47.53 million current LCU in Laos, a difference of 4.00 million current LCU.
That makes South Korea's figure about 1.1 times Laos's.
Across all 42 years both countries report, South Korea has been ahead every year.
Globally, South Korea ranks 6th and Laos ranks 8th of 213 countries.
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About this data
Gross domestic product is the total income earned through the production of goods and services in an economic territory during an accounting period. It can be measured in three different ways: using either the expenditure approach, the income approach, or the production approach. The core indicator has been divided by the general population to achieve a per capita estimate.This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.