Imports in Laos

Laos Imports | Economic News & Forecasts

Laos - Imports

The pandemic and measures to contain its spread both domestically and abroad have hammered the economy this year. Despite the low number of reported local cases, the global health crisis has dealt an especially severe blow to the tourism sector, investment and exports—key sources of foreign exchange—worsening the country’s external liquidity problems and increasing credit risks. Moreover, rising countercyclical spending and falling revenue have derailed the government’s fiscal consolidation efforts. That said, large-scale development initiatives such as the China-Laos railway and other projects relating to mining and tourism continue to progress. Against this backdrop, the government reopened some local borders in late October and is intensifying its efforts to boost economic prospects and improve the business climate, including by pledging to facilitate investment from the private sector.

Laos - Imports Data

2015   2016   2017   2018   2019  
Imports (USD billion)5.7  5.4  5.7  6.2  6.3  

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Laos Facts

Value Change Date
Exchange Rate8,8850.31 %Jan 01

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