GDP in Laos

Laos GDP | Economic News & Forecasts

Laos - GDP

Growth slowed slightly last year as the economy faced a series of domestic and external challenges such as subdued global trade, lower prices for commodities and poor weather conditions, which hurt the key agriculture sector. Despite these issues, Laos was one of the fastest-growing countries in Southeast Asia in 2016. On 18 April, in an effort to maximize investment benefits for Laos, the government cut the maximum investment period for new concession projects to 50 years, down from the previous requirement of 99 years. According to the government, the move will allow the country to revise concession conditions in a more timely manner.

Laos - GDP Data

2011  2012  2013  2014  2015  
Economic Growth (GDP, annual variation in %)8.0  8.0  8.5  7.5  7.4  

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Note: Annual variation of gross domestic product (GDP) in %.
Source: World Bank.

Laos Facts

Exchange Rate8,2080.02 %May 24

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