Fiscal Balance in Laos

Laos Fiscal Balance | Economic News & Forecasts

Laos - Fiscal Balance

Following headwinds in the first half of the year, due to a spike in Covid-19 cases from late April leading to the imposition of tougher restrictions, the economy has faced more obstacles in H2: The health situation deteriorated further in early July, compelling authorities to extend restrictions nationwide and tighten them in the capital, Vientiane. They were then tightened again on 31 August, and have remained in place into Q4. To make matters worse, volatile fuel prices are also denting activity. That said, the China-Laos railway was opened in early December. The project promises to bring an inflow of tourism and trade to the developing economy. In other news, the government recently pledged funding to boost the country’s domestic production and exports, with a reported USD 100 million being drawn from China’s National Development Bank until the end of Q1 next year.

Laos - Fiscal Balance Data

2015   2016   2017   2018   2019  
Fiscal Balance (% of GDP)-5.6  -5.1  -5.5  -4.7  -5.2  

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Note: Fiscal balance as % of GDP.

Laos Facts

Value Change Date
Exchange Rate8,8850.31 %Jan 01

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