GDP in Laos
Laos - GDPThe 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
|Economic Growth (GDP, annual variation in %)||8.0||7.6||7.3||7.0||-|
5 years of economic forecasts for more than 30 economic indicators.
Laos GDP Chart
Source: World Bank.
|Exchange Rate||8,715||0.31 %||Jun 20|
Get a sample report showing our regional, country and commodities data and analysis.
Request a Trial
Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.