Current Account in Laos
Laos - Current Account
Solid regional growth, exports and healthy inward investment should have powered growth in H2. However, tourist arrivals have likely disappointed this year, despite a government effort to attract more visitors through the Visit Laos campaign. Moreover, recent Central Bank data shows that although goods exports jumped year-on-year in the third quarter, the current account deficit continued to widen on surging goods imports, likely linked to infrastructure projects such as the China-Laos railway. On the political front, on 5 December Laos inked a deal to export energy to Cambodia, which will support the external sector and the administration’s aims of turning Laos into a regional energy hub.Laos - Current Account Data
| 2013 | 2014 | 2015 | 2016 | 2017 | |
|---|---|---|---|---|---|
| Current Account (% of GDP) | -28.4 | -20.0 | -18.0 | -12.0 | - |
Laos Current Account Chart
Source: IMF
Laos Facts
| Value | Change | Date | |
|---|---|---|---|
| Exchange Rate | 8,561 | 0.31 % | Jan 16 |
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