Current Account in Laos
Laos - Current Account
The pandemic and measures to contain its spread both domestically and abroad have hammered the economy this year. Despite the low number of reported local cases, the global health crisis has dealt an especially severe blow to the tourism sector, investment and exports—key sources of foreign exchange—worsening the country’s external liquidity problems and increasing credit risks. Moreover, rising countercyclical spending and falling revenue have derailed the government’s fiscal consolidation efforts. That said, large-scale development initiatives such as the China-Laos railway and other projects relating to mining and tourism continue to progress. Against this backdrop, the government reopened some local borders in late October and is intensifying its efforts to boost economic prospects and improve the business climate, including by pledging to facilitate investment from the private sector.Laos - Current Account Data
| 2015 | 2016 | 2017 | 2018 | 2019 | |
|---|---|---|---|---|---|
| Current Account (% of GDP) | -15.8 | -8.8 | -7.5 | -8.0 | -4.7 |
Laos Current Account Chart
Source: IMF
Laos Facts
| Value | Change | Date | |
|---|---|---|---|
| Exchange Rate | 8,885 | 0.31 % | Jan 01 |
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