Fiscal Balance in Laos

Laos Fiscal Balance | Economic News & Forecasts

Laos - Fiscal Balance

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 - Fiscal Balance Data

2013  2014  2015  2016  2017  
Fiscal Balance (% of GDP)-4.8  -3.9  -2.3  -4.6  -5.6  

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Note: Fiscal balance as % of GDP.

Laos Facts

Exchange Rate8,7340.31 %Jul 11

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