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 Q1/18 Q2/18 Q3/18 Q4/18 2020
Stock Market 950.05
points
915 863 814 768 483
Currency 8261.00
8287 8287 8287 8287 8287
GDP Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
GDP Annual Growth Rate 6.90
percent
7.1 7.1 6.95 7.1 6.9
GDP 15.90
USD Billion
15.82 16.25 16.67 17.1 20.3
GDP per capita 1642.70
USD
1666 1687 1708 1730 2075
GDP per capita PPP 5734.60
USD
5814 5889 5963 6038 7249
LABOUR Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Unemployment Rate 1.50
percent
1.5 1.5 1.5 1.5 1.7
Population 6.76
Million
6.77 6.79 6.82 6.84 7.19
PRICES Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Inflation Rate 0.15
percent
0.5 0.8 1 1.5 2
Consumer Price Index Cpi 102.14
Index Points
101 101 100 100 97.95
Food Inflation -1.74
percent
1.5 1.9 2 2.5 3.2
MONEY Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Interest Rate 4.25
percent
4 4 4 4 5
Foreign Exchange Reserves 958.70
USD Million
916 895 901 885 793
TRADE Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Balance of Trade -207.88
USD Million
-183 -188 -144 -173 -163
Exports 1037.63
USD Million
994 989 985 982 946
Imports 1245.51
USD Million
1224 1218 1193 1194 1095
Current Account -397.93
USD Million
-331 -232 -180 -258 -137
Current Account to GDP -2.30
percent
-7 -7 -4.55 -7 -3
Gold Reserves 0.88
Tonnes
1.08 1.28 1.47 1.66 2.79
Terrorism Index 1.96
1.84 2.19 2.54 2.9 2.54
Foreign Direct Investment 468.18
USD Million
350 355 338 343 259
GOVERNMENT Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Government Debt to GDP 37.68
percent
45 45 38.65 45 47
Government Budget -5.90
percent of GDP
-6.01 -6.41 -6.81 -7.21 -5.19
Military Expenditure 23.10
USD Million
28.99 29.68 30.37 31.05 112
BUSINESS Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Internet Speed 4030.57
KBps
3752 3683 3614 3536 2829
IP Addresses 13805.00
IP
13677 13615 13550 13484 12819
Ease of Doing Business 141.00
144 145 147 148 163
Competitiveness Index 3.91
Points
3.97 3.97 3.97 3.97 3.97
Competitiveness Rank 98.00
88 88 88 88 89
Corruption Index 30.00
Points
28 28 28 29 22
Corruption Rank 123.00
129 129 129 128 145
TAXES Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Personal Income Tax Rate 24.00
percent
25 25 25 25 25
Corporate Tax Rate 24.00
percent
26 26 26 26 29
Sales Tax Rate 10.00
percent
10 10 10 10 10
Social Security Rate 11.50
percent
11 11 11 11 10
Social Security Rate For Companies 6.00
percent
5.82 5.82 5.82 5.82 5.33
Social Security Rate For Employees 5.50
percent
5.28 5.28 5.28 5.28 4.88
CLIMATE Actual Q1/18 Q2/18 Q3/18 Q4/18 2020
Precipitation 31.96
mm
26.67 175 293 86.74 149
Temperature 21.37
celsius
20.56 26.37 26.13 21.41 24.15