Fiscal Balance in Laos

Laos Fiscal Balance | Economic News & Forecasts

Laos - Fiscal Balance

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 - Fiscal Balance Data

2013  2014  2015  2016  2017  
Fiscal Balance (% of GDP)-5.0  -4.1  -2.4  -4.7  -     

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Note: Fiscal balance as % of GDP.

Laos Facts

Exchange Rate8,5610.31 %Jan 16

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