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Laos

Laos : economy statistics and industry reports

  • Updated on : 27 August 2012  Source : The World Factbook

Imports

$2.336 billion (2011 est.)
$2.06 billion (2010 est.)

Exports

$2.131 billion (2011 est.)
$1.746 billion (2010 est.)

Inflation rate (consumer prices)

7.6% (2011 est.)
6% (2010 est.)

Unemployment rate

2.5% (2009 est.)
2.4% (2005 est.)

GDP - per capita (PPP)

$2,700 (2011 est.)
$2,500 (2010 est.)
$2,400 (2009 est.)
note: data are in 2011 US dollars

National product real growth rate

7.8% (2010 est.)
7.5% (2009 est.)
7.2% (2008 est.)

Internet users

300,000 (2009)

Telephones - mobile cellular

4.003 million (2009)

Population growth rate

1.655% (2012 est.)

Population

6,586,266 (July 2012 est.)

Historical background

Modern-day Laos has its roots in the ancient Lao kingdom of Lan Xang, established in the 14th Century under King FA NGUM.

For 300 years Lan Xang had influence reaching into present-day Cambodia and Thailand, as well as over all of what is now Laos.

After centuries of gradual decline, Laos came under the domination of Siam (Thailand) from the late 18th century until the late 19th century when it became part of French Indochina.

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Laos

Economic overview

The government of Laos, one of the few remaining one-party Communist states, began decentralizing control and encouraging private enterprise in 1986.

The results, starting from an extremely low base, were striking - growth averaged 6% per year from 1988-2008 except during the short-lived drop caused by the Asian financial crisis that began in 1997.

Despite this high growth rate, Laos remains a country with an underdeveloped infrastructure, particularly in rural areas.

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Oxford Economics

Country Economic Forecasts > Laos

Country Economic Forecasts > Laos

  • $ 185
  • Country report
  • December 2015
  • by Oxford Economics

GDP is expected to rise by 6.7% in 2015 and 7.0% in 2016 after 7.5% growth in 2014. Over the period 2015-2019 the economy is expected to grow on average by 6.9%. This compares to average annual growth ...

  • Countries : Laos

The Economist Intelligence Unit

Country Report Laos 1st Quarter 2016

Country Report Laos 1st Quarter 2016

  • $ 285
  • Country report
  • March 2016
  • by The Economist Intelligence Unit

Outlook for 2016-17 A one-party election to the National Assembly (the legislature) will be held on March 20th. The Lao People's Revolutionary Party (LPRP) will allow a handful of vetted independents ...

  • Countries : Laos

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