Fiscal Balance in Laos

Laos Fiscal Balance | Economic News & Forecasts

Laos - Fiscal Balance

The economy is likely growing strongly so far this year, powered by the construction sector—in particular thanks to the development of the flagship Laos-China railway—and strong private spending. Moreover, local sources reported that tourist arrivals rose 5% year-on-year in H1, supported by greater Chinese visitor numbers and likely linked to the Visit Laos-China tourism campaign. Less positively, international reserves fell in the first five months of the year according to Central Bank data, and are below two months’ worth of imports. This, coupled with a large current account deficit, makes the economy vulnerable to external shocks. Meanwhile, the IMF concluded a staff visit in August; while praising strong economic momentum, the Fund urged the government to strengthen its fiscal position and monetary governance.

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 Rate8,7950.31 %Sep 04

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