Current Account in Laos
Laos - Current Account
Growth has likely been solid this year, supported by infrastructure investment—and, in particular, the ongoing construction of the flagship Laos-China railway. Moreover, goods exports were up over 9% year-on-year in H1, while in recent months the Xayaburi and Don Sahong hydroelectric dams have come online, which should be supporting the external sector. However, credit growth in the year to October was notably below the 2018 average, which has likely hit domestic demand somewhat, while tourist arrivals disappointed in H1. In other news, in early December, the World Bank approved USD 22.5 million in additional funding for Laos, which will be used to finance agricultural projects and reduce rural poverty.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 | 8,885 | 0.31 % | Jan 01 |
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