GDP in Laos
Laos - GDPThe economy likely continues to expand at a healthy pace in H2, aided by solid regional activity and healthy inward investment. This comes after growth in H1 was driven by the power generation and construction sectors. However, the mining sector performed poorly, while tourism inflows have likely disappointed so far this year, dampened by poor weather and a dam collapse in July. To reinvigorate the tourism industry, the government recently announced a 2019 promotional campaign centered on boosting Chinese visitor arrivals. Despite economic progress, vulnerabilities remain. According to the Central Bank, the current account deficit rose in the first half of the year, while in June international reserves fell to their lowest level in almost a year.
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||8,543||0.31 %||Nov 29|
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