Source
Central bank

Bank of the Lao PDR

International Reserves

USD 1 billion (2015)

International Monetary Fund (IMF), data retrieved January 2017

Gross Domestic Product - GDP

USD 14.8 billion (2017, estimate)

GDP (Purchasing Power Parity)

Intl$ 44.9 billion (2017, estimate)

Real GDP growth
2006 2007 2008 2009 2010 2011 2012
8.7% 7.8% 7.8% 7.5% 8.1% 8% 7.9%
2013 2014* 2015* 2016* 2017*    
8% 7.5% 7.6% 7.5% 7.3%    

*Estimate

GDP per capita - current prices

USD 2,029.2 (2017, estimate)

GDP per capita - PPP

Intl$ 6,148.8 (2017, estimate)

GDP (PPP) - share of world total
1980 1990 2000 2010 2017*
0.01% 0.02% 0.02% 0.03% 0.04%

*Estimate

 
 
Source
GDP - composition by sector
  • agriculture: 21.3% 
  • industry: 32.5% 
  • services: 39.4%

(2016 estimate)

Gross domestic expenditure on R&D; (% of GDP)

N/A

 

Inflation
2013 2014* 2015* 2016* 2017*
6.4% 5.5% 5.3% -3.3% 2.3%

*Estimate

Unemployment rate
2013 2014 2015 2016 2017
N/A N/A N/A N/A N/A

*Estimate

Household saving rates

N/A

 

Public debt (General government gross debt as a % of GDP)
2013 2014* 2015* 2016* 2017*
60.1% 63% 63% 61.7% 62.6%

*Estimate

Public deficit (General government net lending/borrowing as a % of GDP)
2013 2014* 2015* 2016* 2017*
-5.6% -4.5% -2.9% -3% -3.9%

*Estimate

Government bond ratings

Standard & Poor's: N/A

Moody's: N/A

Standard & Poor's / Moody's (Updated January 2017)

Market value of publicly traded shares
2013 2014 2015
N/A N/A N/A
Largest companies

N/A

 
 
Source
Current account balance

USD -2.6 billion (2017 estimate)

Current account balance by percentage of GDP

-17.6% (2017 estimate)

Exports as percent of GDP (Exports of goods and services)

36.0% (2015)

Shares in world total merchandising export

0.01% (2015)

Shares in world total commercial services export

0.02% (2015)

Total exports

USD 3.1 billion (2016 estimate)

Export commodities

Wood products, coffee, electricity, tin, copper, gold, cassava

Total imports

USD 3.9 billion (2016 estimate)

 
 
Source
Import commodities

Machinery and equipment, vehicles, fuel, consumer goods

Exports - major partners

Thailand 30.4%, China 27%, Vietnam 17.6% (2015)

Imports - major partners

Thailand 60.9%, China 18.6%, Vietnam 7.3% (2015)

FDI inflows
2013 2014 2015
USD 427 million USD 721 million USD 1,220 million
FDI outflows
2013 2014 2015
USD 1.0 million USD 1.9 million USD 1.1 million
Value of cross-border M&A, by country of purchaser
2012 2013 2014 2015
N/A N/A N/A N/A
Cross-border M&A deals worth over $3 billion completed in 2014

N/A

Cross-border M&A deals worth over $3 billion completed in 2015

N/A

Best countries for doing business

Economies are ranked on their ease of doing business. A high ease of doing business ranking means the regulatory environment is more conducive to the starting and operation of a local firm.

Overall ranking: 139 out of 190 countries (2017)

Subcategories:

Starting a business: 160 out of 190 countries

Enforcing Contracts: 88 out of 190 countries

Registering Property: 65 out of 190 countries

Getting Credit: 75 out of 190 countries

Protecting Minority Investors: 165 out of 190 countries

Trading Across Borders: 120 out of 190 countries

Paying Taxes: 146 out of 190 countries

Dealing with Construction Permits: 47 out of 190 countries

Getting Electricity: 155 out of 190 countries

Resolving Insolvency: 169 out of 190 countries

Global competitiveness ranking

93 out of 138 countries

(2016-2017)

Index of Economic Freedom

Ranking: 155 / Score: 49.83 (Repressed) (2016)

(100=totally free 0=totally repressed)

 
 
Source
Time zone

UTC+7

Total area

236,800 sq km

Capital

Vientiane (Viangchan)

Currency

kips (LAK)

Government type

Communist state

Languages

Lao (official), French, English, and various ethnic languages

Religions

Buddhist 67%, Christian 1.5%, other and unspecified 31.5% (2005 census)

Total population
1990 2000 2010 2014* 2019**
4.245 million 5.388 million 6.396 million 6.901 million 7.582 million

*Estimate    **Forecast

 
 
Source
Urban population as % of total population
1960 1980 2000 2013
7.9% 12% 22% 36%
Population median age

22 years (2014 est.)

Population growth rate

1.59% (2014 est.)

Life expectancy

63.51 years (2014 estimate)

Adult literacy

72.7% (2005 estimate)

% of population living on less than $2 a day

62.0% (2012)

Inequality of wealth distribution (Gini index)

36.2 (2012)
(0=perfect equality, 100=absolute inequality)

Freedom House rating

Political Rights: 7
Civil Liberties: 6 (2014)

(1 represents the most free, 7 the least free)

Total telephone subscribers as % of population

Fixed 10.0%   Mobile 66.2% (2013)
(fixed-telephone subscribers and mobile-cellular subscribers) 

Internet users as % of total population

12.50% (2013)

Cost of living - Mercer index(ranking by city on a basis of 214; the 1st is the most expensive and the 214th is the least expensive)

N/A

CO2 emissions(Metric tons of CO2 per capita)

0.3 (2010)

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