GDP in Laos

Laos GDP | Economic News & Forecasts

Laos - GDP

The economy is likely growing robustly so far this year, supported by infrastructure development, FDI and tourism inflows. In the first quarter of the year, goods exports expanded solidly, while local sources reported that Chinese visitor arrivals rose by 16%, pointing to the success of the Visit Laos-China Year 2019 tourism campaign. This comes after growth dipped last year, due to flooding hitting agricultural production, a weak mining sector and fiscal consolidation. In a recent staff visit, the IMF highlighted the progress made regarding public debt management, the modernization of the monetary framework and the publication of economic statistics. The Fund urged the government to strengthen the tax system and continue efforts to further enhance the reporting of economic data.

Laos - GDP Data

2013  2014  2015  2016  2017  
Economic Growth (GDP, annual variation in %)8.0  7.6  7.3  7.0  -     

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Laos GDP Chart

Laos GDP
Note: Annual variation of gross domestic product (GDP) in %.
Source: World Bank.

Laos Facts

Exchange Rate8,7150.31 %Jun 20

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