International Reserves in Laos
Laos - International ReservesThe 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 - International Reserves Data
|International Reserves (USD)||1.1||0.9||1.1||0.9||1.1|
5 years of economic forecasts for more than 30 economic indicators.
Laos International Reserves Chart
Source: World Bank and FocusEconomics calculations.
|Exchange Rate||8,885||0.31 %||Jan 01|
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.