Laos recorded a Current Account deficit of 7.20 percent of the country's Gross Domestic Product in 2019. source: Bank of the Lao PDR

Current Account to GDP in Laos averaged -9.63 percent from 1980 until 2019, reaching an all time high of 1.96 percent in 2011 and a record low of -26.90 percent in 2009. This page provides - Laos Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. Laos Current Account to GDP - values, historical data and charts - was last updated on June of 2021.

Current Account to GDP in Laos is expected to reach -11.90 percent by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Laos Current Account to GDP is projected to trend around -10.80 percent in 2021 and -10.50 percent in 2022, according to our econometric models.

Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.

Please Paste this Code in your Website
Laos Current Account to GDP

Actual Previous Highest Lowest Dates Unit Frequency
-7.20 -7.90 1.96 -26.90 1980 - 2019 percent of GDP Yearly

Laos Trade Last Previous Highest Lowest Unit
Balance of Trade 292.89 216.85 395.07 -630.13 USD Million [+]
Current Account 70.23 -27.59 299.42 -675.98 USD Million [+]
Current Account to GDP -7.20 -7.90 1.96 -26.90 percent of GDP [+]
Imports 1704.22 1491.71 1834.84 124.40 USD Million [+]
Exports 1997.11 1708.56 1997.11 11.50 USD Million [+]
Terrorism Index 0.44 1.03 2.11 0.00 [+]
Tourism Revenues 934.70 811.00 934.70 6.30 USD Million [+]
Tourist Arrivals 4791065.00 4186432.00 4791065.00 102946.00 [+]
Foreign Direct Investment 339.78 264.52 579.76 8.00 USD Million [+]
External Debt 9935.62 9320.47 9935.62 769.60 USD Million [+]

Laos Current Account to GDP
The Current account balance as a percent of GDP provides an indication on the level of international competitiveness of a country. Usually, countries recording a strong current account surplus have an economy heavily dependent on exports revenues, with high savings ratings but weak domestic demand. On the other hand, countries recording a current account deficit have strong imports, a low saving rates and high personal consumption rates as a percentage of disposable incomes.