Dimension 5.2: Standards and Methods in Laos

Laos: Dimension 5.2: Standards and Methods was 0.35 in 2023. ▲ Rising

Latest (2023)
0.35
Change on year
down 12.5%
World rank
169th
of 188 countries
All-time high
0.4
in 2020
All-time low
0.1
in 2016
Years of data
8
2016–2023

Dimension 5.2: Standards and Methods in Laos, 2016–2023

0.10.20.30.42016201920232016: 0.12017: 0.152018: 0.22019: 0.32020: 0.42021: 0.42022: 0.42023: 0.35

Source: Statistical Performance Indicators, The World Bank (https://datacatalog.worldbank.org/dataset/statistical-performance-indicators).

Analysis

Laos recorded 0.35 for dimension 5.2: standards and methods in 2023.

Compared with earlier readings it is down 12.5% on the previous year and up 250.0% over ten years.

That places Laos 169th out of 188 countries with data for 2023, putting it in the bottom quarter.

Averages by decade

DecadeAverage LowestHighest Years
2010s 0.1875 0.1 0.3 4
2020s 0.3875 0.35 0.4 4

Countries ranked near Laos

  1. 169 Equatorial Guinea 0.35 compare
  2. 169 Kiribati 0.35 compare
  3. 169 Sao Tome and Principe 0.35 compare
  4. 169 Vanuatu 0.35 compare

See the full ranking of 190 places →

More reference data data for Laos

All data for Laos →

Frequently asked questions

What is dimension 5.2: standards and methods in Laos?
Dimension 5.2: standards and methods in Laos was 0.35 in 2023, according to Statistical Performance Indicators, The World Bank (https://datacatalog.worldbank.org/dataset/statistical-performance-indicators).
What is the highest dimension 5.2: standards and methods recorded in Laos?
The highest recorded value was 0.4 in 2020.
What is the lowest dimension 5.2: standards and methods recorded in Laos?
The lowest recorded value was 0.1 in 2016.
How does Laos rank for dimension 5.2: standards and methods?
Laos ranks 169th out of 188 countries with data for 2023.
Is dimension 5.2: standards and methods rising or falling in Laos?
Over the last ten years it is up 250.0%. The long-run trend across the full record is rising.
Where does this Laos data come from?
The figures come from Statistical Performance Indicators, The World Bank (https://datacatalog.worldbank.org/dataset/statistical-performance-indicators), published as part of Dimension 5.2: Standards and Methods. Statizoid updates them automatically from the source API.

Download this data

CSV · JSON — 8 observations, free to reuse under CC BY 4.0 (World Bank Open Data).

About this data

Indicator
Dimension 5.2: Standards and Methods
Source
Statistical Performance Indicators, The World Bank (https://datacatalog.worldbank.org/dataset/statistical-performance-indicators)
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
190 places, 1,515 data points, 2016–2023
Last refreshed

Average score for Standards and Methods indicators. Internationally accepted and recommended methodology, classifications and standards provide the basis for national statistical offices (NSOs) on data integration, facilitating data exchange and providing the foundation for the preparation of relevant statistical indicators. The following methods and standards are considered: System of national accounts in use, National Accounts base year, Classification of national industry, CPI base year, Classification of household consumption, Classification of status of employment, Central government accounting status, Compilation of government finance statistics, Compilation of monetary and financial statistics, Business process. . Further work could improve the validity of this indicator and reduce the risk that countries may be incentivized to adopt only traditional standards and methods and neglect innovative solutions that may be more valid in the current context.