GDP in Laos
Laos - GDPFollowing 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 - GDP Data
|Economic Growth (GDP, annual variation in %)||7.3||7.0||6.9||6.3||4.8|
5 years of economic forecasts for more than 30 economic indicators.
Laos GDP Chart
Source: World Bank.
|Exchange Rate||8,885||0.31 %||Jan 01|
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