Fiscal Balance in Laos
Laos - Fiscal BalanceGrowth was likely healthy in 2019, aided by the ongoing construction of the Laos-China railway. Moreover, tourist arrivals were reportedly up 9% year-on-year, which should have supported the services sector. In addition, the external sector strengthened in Q1–Q3, with the current account deficit narrowing sharply on substantially higher goods and services exports. Turning to this year, strong electricity generation should be sustaining momentum thanks to the recent start of operations at the Xayaburi and Don Sahong dams. Meanwhile, in January, Moody’s assigned Laos a B3 credit rating—the first from a major rating agency—citing strong growth prospects balanced against weak institutions and environmental risks. The move signals the country’s growing economic maturity and could support financial inflows, although the rating is notably below investment grade.
Laos - Fiscal Balance Data
|Fiscal Balance (% of GDP)||-3.9||-5.6||-5.1||-5.5||-4.4|
5 years of economic forecasts for more than 30 economic indicators.
|Exchange Rate||8,885||0.31 %||Jan 01|
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