Current Account in Laos

Laos Current Account | Economic News & Forecasts

Laos - Current Account

The economy likely began 2019 on a strong footing. Hydroelectric generation should remain a key driver of growth in Q1, while infrastructure projects, such as the Laos–China railway and the building of several hydropower dams, should also propel momentum. That being said, agricultural output, particularly of rice, is likely being hampered by damage caused by flooding last year. In early February, the government unveiled its National Development Vision for 2021–2025. The plan aspires to steer the country away from natural resource dependency and to bolster the private sector through pro-business reforms and improved access to business capital.

Laos - Current Account Data

2013  2014  2015  2016  2017  
Current Account (% of GDP)-28.4  -20.0  -18.0  -12.0  -     

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Laos Current Account Chart

Laos Current Account
Note: Current account balance as % of GDP.
Source: IMF

Laos Facts

Exchange Rate8,5900.31 %Mar 11

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