Fiscal Balance in Laos
The fiscal balance in Laos averaged -3.96% of GDP in the decade to 2022, below the Asia-Pacific average of -3.6% of GDP. The fiscal balance in 2022 was -1.6% of GDP. For more information on fiscal balance, visit our dedicated page
Laos Fiscal Balance Chart
Laos Fiscal Balance Data
|Fiscal Balance (% of GDP)||-4.7||-3.3||-5.6||-1.3||-1.6|
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Laotian fiscal balance projections for the next ten years from a panel of 6 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable fiscal balance forecast available for Laotian fiscal balance.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Laotian fiscal balance projections.
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