Laos recorded a Current Account deficit of 0.60 percent of the country's Gross Domestic Product in 2020. source: Bank of the Lao PDR

Current Account to GDP in Laos averaged -9.31 percent of GDP from 1980 until 2020, reaching an all time high of 1.96 percent of GDP in 2011 and a record low of -26.90 percent of GDP 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 September of 2021.

Current Account to GDP in Laos is expected to reach -10.80 percent of GDP by the end of 2021, 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 -10.50 percent of GDP in 2022, according to our econometric models.

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Laos Current Account to GDP

Actual Previous Highest Lowest Dates Unit Frequency
-0.60 -6.99 1.96 -26.90 1980 - 2020 percent of GDP Yearly

Laos Trade Last Previous Highest Lowest Unit
Balance of Trade 172.71 309.15 395.07 -630.13 USD Million [+]
Current Account -46.52 -47.18 299.42 -675.98 USD Million [+]
Current Account to GDP -0.60 -6.99 1.96 -26.90 percent of GDP [+]
Imports 1609.23 1721.25 1834.84 124.40 USD Million [+]
Exports 1781.94 2030.40 2030.40 11.50 USD Million [+]
Terrorism Index 0.44 1.03 2.11 0.00 [+]
Tourism Revenues 213.21 934.70 934.70 6.30 USD Million [+]
Tourist Arrivals 894776.00 4791065.00 4791065.00 102946.00 [+]
Foreign Direct Investment 199.61 339.78 579.76 8.00 USD Million [+]
External Debt 10610.34 9935.62 10610.34 769.60 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.