China vs Laos: Industry (including construction), value added
Industry (including construction), value added over time
- China
- Laos
How they compare
Laos currently reports 60.10 trillion constant LCU against 48.45 trillion constant LCU in China, a difference of 11.65 trillion constant LCU.
That makes Laos's figure about 1.2 times China's.
The two have swapped places 1 time across 26 shared years of data; in 2000 it was China ahead.
Globally, China ranks 14th and Laos ranks 12th of 199 countries.
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About this data
Industry (including construction) corresponds to ISIC (Rev.4) divisions 05-43. It is comprised of mining, manufacturing, construction, electricity, water, and gas industries. Value added is the contribution to the economy by a producer or an industry or an institutional sector, which is estimated by the total value of output produced and deducting the total value of intermediate consumption of goods and services used to produce that output. This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment varies by country. This series is expressed in local currency units.