This page has economic forecasts for Laos including a long-term outlook for the next decades, plus medium-term expectations for the next four quarters and short-term market predictions for the next release affecting the Laos economy.


MARKETS Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Currency 8534.00
8507 8507 8507 8507 8507
Stock Market 835.26
points
861 848 834 821 769
GDP Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
GDP Annual Growth Rate 6.90
percent
6.8 7 7 7 7.1
GDP 16.85
USD Billion
17.9 20.2 20.2 20.2 20.5
GDP per capita 1730.40
USD
1841 1936 1936 1936 2059
GDP per capita PPP 6397.40
USD
6622 6948 6948 6948 7244
LABOUR Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Unemployment Rate 0.70
percent
0.7 0.7 0.7 0.7 0.8
Population 6.86
Million
6.96 7.07 7.07 7.07 7.15
PRICES Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Inflation Rate 3.06
percent
2.6 2.1 2.3 2.5 2.6
Consumer Price Index Cpi 105.73
Index Points
105 106 107 108 111
Food Inflation 1.83
percent
1.2 0.8 0.9 1.1 1.5
MONEY Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Interest Rate 4.25
percent
4.25 4.25 4.25 4.25 4.25
Money Supply M0 8823.20
LAK Billion
9296 9383 9469 9556 10542
Money Supply M2 74678.20
LAK Billion
80094 81507 82920 84332 94185
Foreign Exchange Reserves 1016.00
USD Million
938 948 917 968 941
TRADE Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Balance of Trade -416.14
USD Million
-394 -409 -413 -424 -362
Exports 1154.09
USD Million
1106 1116 1139 1150 1248
Imports 1570.22
USD Million
1500 1525 1552 1574 1610
Current Account -452.68
USD Million
-503 -506 -331 -516 -549
Current Account to GDP -6.99
percent
-8.5 -7.6 -7.6 -7.6 -6.4
Gold Reserves 0.90
Tonnes
0.9 0.9 0.9 0.9 0.9
Terrorism Index 1.96
2.1 1.7 1.7 1.7 1.3
Tourism Revenues 760.80
USD Million
766 765 764 764 767
Tourist Arrivals 4535780.00
4708800 4749800 4790800 4831800 5175100
External Debt 8538.40
USD Million
9285 9497 9708 9919 11379
Foreign Direct Investment 543.59
USD Million
517 401 519 538 560
GOVERNMENT Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Government Debt to GDP 50.03
percent
53.3 56.7 56.7 56.7 57
Government Budget -5.60
percent of GDP
-5.3 -5.1 -5.1 -5.1 -4.8
Military Expenditure 23.48
USD Million
25 27 27 27 28
Government Revenues 22615.50
LAK Billion
24520 24525 24530 24535 24688
Fiscal Expenditure 30426.50
LAK Billion
31832 32159 32486 32813 35488
BUSINESS Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Internet Speed 4030.57
KBps
4070 4090 5015 5036 5200
IP Addresses 13805.00
IP
14500 14300 14400 14600 14900
Ease of Doing Business 154.00
144 146 146 146 143
Competitiveness Index 49.27
Points
49.77 49.77 49.77 49.77 52.27
Competitiveness Rank 112.00
112 112 112 112 112
Corruption Index 29.00
Points
29 29 29 29 29
Corruption Rank 135.00
135 135 135 135 135
TAXES Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Corporate Tax Rate 24.00
percent
24 24 24 24 24
Personal Income Tax Rate 24.00
percent
24 24 24 24 24
Sales Tax Rate 10.00
percent
10 10 10 10 10
Social Security Rate 11.50
percent
11.5 11.5 11.5 11.5 11.5
Social Security Rate For Companies 6.00
percent
6 6 6 6 6
Social Security Rate For Employees 5.50
percent
5.5 5.5 5.5 5.5 5.5
CLIMATE Actual Q4/18 Q1/19 Q2/19 Q3/19 2020
Precipitation 31.96
mm
86.74 26.73 156 149 149
Temperature 21.37
celsius
21.41 20.6 24.24 23.98 24.15



Laos - Economic Forecasts - 2018-2020 Outlook