Laos | Economic Forecasts | 2017-2020 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 Q4/17 Q1/18 Q2/18 Q3/18 2020
Stock Market 1023.93 1020 1010 999 989 875 points [+]
Currency 8315.00 8220 8130 8050 7969 7056 [+]
GDP Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
GDP Annual Growth Rate 6.90 7.4 7.1 7.1 6.9 6.9 percent [+]
GDP 15.90 17.1 17.35 17.6 17.85 19.7 USD Billion [+]
GDP per capita 1642.70 1730 1751 1773 1795 1989 USD [+]
GDP per capita PPP 5734.60 6038 6114 6189 6265 6947 USD [+]
LABOUR Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Unemployment Rate 1.50 1.5 1.5 1.5 1.57 1.7 percent [+]
Population 6.76 6.84 6.87 6.89 6.91 7.11 Million [+]
PRICES Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Inflation Rate 0.16 2.7 3.4 3.4 4.1 4.2 percent [+]
Consumer Price Index Cpi 101.97 102 102 102 101 99.44 Index Points [+]
Food Inflation -1.20 0.6 1.5 1.9 2 3.2 percent [+]
MONEY Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Interest Rate 4.25 4 4 4 4 5 percent [+]
Foreign Exchange Reserves 951.00 921 896 880 883 803 USD Million [+]
TRADE Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Balance of Trade -152.51 -126 -164 -176 -133 -155 USD Million [+]
Exports 990.97 925 918 912 910 881 USD Million [+]
Imports 1143.48 1113 1089 1104 1085 1007 USD Million [+]
Current Account -69.59 -47.43 -110 -112 -58.7 -87.37 USD Million [+]
Current Account to GDP -2.30 -4 -7 -7 -5 -3 percent [+]
Gold Reserves 8.86 8.71 8.66 8.61 8.56 8.16 Tonnes [+]
Foreign Direct Investment 344.85 294 280 283 277 233 USD Million [+]
Terrorism Index 0.70 1.21 1.27 1.34 1.41 1.82 [+]
GOVERNMENT Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Government Debt to GDP 45.56 47 45 45 50.3 47 percent [+]
Government Budget -4.70 -6.64 -6.96 -7.27 -7.59 -5.7 percent of GDP [+]
Military Expenditure 23.10 31.05 33.72 36.38 39.05 101 USD Million [+]
BUSINESS Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Ease of Doing Business 139.00 147 149 151 154 164 [+]
Competitiveness Index 3.91 3.97 3.97 3.97 3.97 3.92 Points [+]
Competitiveness Rank 98.00 88 88 88 88 91 [+]
Corruption Index 30.00 29 28 27 27 24 Points [+]
Corruption Rank 123.00 128 130 132 134 142 [+]
TAXES Actual Q4/17 Q1/18 Q2/18 Q3/18 2020
Personal Income Tax Rate 24.00 24.73 24.79 24.86 24.93 25.13 percent [+]
Corporate Tax Rate 24.00 24.86 25.04 25.22 25.39 26.66 percent [+]
Sales Tax Rate 10.00 10 10 10 10 10 percent [+]
Social Security Rate 11.50 9.54 9.54 9.54 9.54 9.53 percent [+]
Social Security Rate For Companies 6.00 6.84 6.88 6.91 6.95 5.74 percent [+]
Social Security Rate For Employees 5.50 4.72 4.8 4.88 4.96 4.97 percent [+]