GDP in Laos

Laos GDP | Economic News & Forecasts

Laos - GDP

The 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

2013  2014  2015  2016  2017  
Economic Growth (GDP, annual variation in %)8.0  7.6  7.3  7.0  -     

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Laos GDP Chart

Laos GDP
Note: Annual variation of gross domestic product (GDP) in %.
Source: World Bank.

Laos Facts

Exchange Rate8,5430.31 %Nov 29

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