Laos - Economic Forecasts - 2018-2020 Outlook

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 Q2/18 Q3/18 Q4/18 Q1/19 2020
Stock Market 923.06
points
887 842 799 758 615
Currency 8314.00
8280 8280 8280 8280 8280
GDP Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
GDP Annual Growth Rate 6.90
percent
7.1 7.17 7.1 7.07 6.9
GDP 15.90
USD Billion
16.3 16.7 17.1 20.2 20.9
GDP per capita 1642.70
USD
1686 1901 1729 1987 2071
GDP per capita PPP 5734.60
USD
5889 5963 6038 6948 7249
LABOUR Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Unemployment Rate 0.70
percent
1.5 1.47 1.5 1.47 1.7
Population 6.76
Million
6.8 6.82 6.84 6.87 7.23
PRICES Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Inflation Rate 1.75
percent
0.8 1 1.5 1.8 2
Consumer Price Index Cpi 103.03
Index Points
103 104 104 104 107
Food Inflation -1.74
percent
1.9 2 2.5 3 3.2
MONEY Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Interest Rate 4.25
percent
4 4 4 5 5
Foreign Exchange Reserves 1016.00
USD Million
959 959 959 959 959
TRADE Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Balance of Trade -416.14
USD Million
-208 -208 -208 -208 -208
Exports 1154.09
USD Million
1038 1038 1038 1038 1038
Imports 1570.22
USD Million
1246 1246 1246 1246 1246
Current Account -452.68
USD Million
-398 -398 -398 -398 -398
Current Account to GDP -2.30
percent
-7 -7 -7 -5 -3
Gold Reserves 0.88
Tonnes
0.89 0.89 0.89 0.89 0.89
Terrorism Index 1.96
2.19 2.54 2.9 2.98 2.54
Foreign Direct Investment 543.59
USD Million
468 468 468 468 468
GOVERNMENT Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Government Debt to GDP 37.68
percent
45 45 45 46 47
Government Budget -5.90
percent of GDP
-6.41 -6.81 -7.21 -7.61 -5.19
Military Expenditure 23.48
USD Million
23.98 23.79 23.6 23.6 24.28
BUSINESS Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Internet Speed 4030.57
KBps
3683 3614 3536 3466 2829
IP Addresses 13805.00
IP
14003 14004 14008 14013 14011
Ease of Doing Business 141.00
141 141 141 141 141
Competitiveness Index 3.91
Points
3.97 3.97 3.97 3.99 3.97
Competitiveness Rank 98.00
88 88 88 86 89
Corruption Index 29.00
Points
28 27 27 27 22
Corruption Rank 135.00
135 135 135 135 135
TAXES Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Personal Income Tax Rate 24.00
percent
24 24 24 24 24
Corporate 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 10
Social Security Rate For Companies 6.00
percent
5.82 5.82 5.82 6.06 5.33
Social Security Rate For Employees 5.50
percent
5.5 5.5 5.5 5.5 5.5
CLIMATE Actual Q2/18 Q3/18 Q4/18 Q1/19 2020
Precipitation 31.96
mm
175 293 86.74 26.73 149
Temperature 21.37
celsius
26.37 26.13 21.41 20.6 24.15