Current Account in Laos
Laos - Current Account
The economy has likely expanded at an elevated pace so far this year, bolstered by the construction sector—in particular the flagship Laos-China railway—and investment in the power sector. Moreover, tourism should have provided support as reflected by local reports that Chinese visitor arrivals surged in Q1, while goods exports rose strongly year-on-year in the same period. This comes after momentum ebbed last year on flooding hurting the agricultural sector, and a weak mining sector. In other news, it was recently announced that Laos had sealed a deal with Thailand, reportedly worth around USD 110 million, to upgrade road and rail links between the two countries. If carried out, the agreement should boost Thai visitor arrivals.Laos - Current Account Data
| 2013 | 2014 | 2015 | 2016 | 2017 | |
|---|---|---|---|---|---|
| Current Account (% of GDP) | -7.9 | -14.5 | -15.8 | -8.8 | -7.5 |
Laos Current Account Chart
Source: IMF
Laos Facts
| Value | Change | Date | |
|---|---|---|---|
| Exchange Rate | 8,734 | 0.31 % | Jul 11 |
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