Merchandise imports from economies in the Arab World (% of total merchandise imports) for Lao PDR

Indicator Definition:
Merchandise imports from economies in the Arab World are the sum of merchandise imports by the reporting economy from economies in the Arab World. Data are expressed as a percentage of total merchandise imports by the economy. Data are computed only if at least half of the economies in the partner country group had non-missing data.

The indicator "Merchandise imports from economies in the Arab World (% of total merchandise imports)" stands at 0.0479 as of 12/31/2023, the lowest value since 12/31/2019.
Regarding the One-Year-Change of the series, the current value constitutes a decrease of -1E-4 percent compared to the value the year prior.
The 1 year change in percent is -1E-4.
The 3 year change in percent is -95.64.
The 5 year change in percent is 29.69.

The Serie's long term average value is 0.161. It's latest available value, on 12/31/2023, is 70.25 percent lower, compared to it's long term average value.
The Serie's change in percent from it's minimum value, on 12/31/1999, to it's latest available value, on 12/31/2023, is +1,743.03%.
The Serie's change in percent from it's maximum value, on 12/31/2020, to it's latest available value, on 12/31/2023, is -95.64%.