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 Q3/18 Q4/18 Q1/19 Q2/19 2020
Stock Market 901.75
points
850 811 774 738 612
Currency 8405.00
8398 8398 8398 8398 8398
GDP Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
GDP Annual Growth Rate 6.90
percent
7.17 7.1 7.07 7.05 6.9
GDP 16.85
USD Billion
17.9 17.9 20.2 20.2 20.5
GDP per capita 1730.40
USD
1841 1841 1936 1936 2059
GDP per capita PPP 6397.40
USD
6622 6622 6948 6948 7244
LABOUR Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Unemployment Rate 0.70
percent
0.77 1.5 0.8 0.8 1.7
Population 6.86
Million
6.93 6.96 6.99 7.02 7.29
PRICES Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Inflation Rate 1.97
percent
1 1.5 1.8 2 2
Consumer Price Index Cpi 103.88
Index Points
104 104 105 106 107
Food Inflation 0.97
percent
2 2.5 3 2.76 3.2
MONEY Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Interest Rate 4.25
percent
4 4 5 5 5
Foreign Exchange Reserves 1016.00
USD Million
926 938 968 917 941
TRADE Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Balance of Trade -416.14
USD Million
-442 -357 -374 -374 -149
Exports 1154.09
USD Million
1145 1186 1201 1219 1448
Imports 1570.22
USD Million
1586 1580 1575 1593 1597
Current Account -452.68
USD Million
-497 -485 -506 -501 -500
Current Account to GDP -6.99
percent
-7 -7 -5 -5 -3
Gold Reserves 0.90
Tonnes
0.89 0.89 0.89 0.89 0.89
Terrorism Index 1.96
2.54 2.9 2.98 3.07 2.54
Foreign Direct Investment 543.59
USD Million
439 517 441 519 510
GOVERNMENT Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Government Debt to GDP 50.03
percent
45 45 46 46 47
Government Budget -5.60
percent of GDP
-6.59 -7.01 -7.4 -7.8 -5.42
Military Expenditure 23.48
USD Million
24.01 23.64 23.62 23.6 23.94
BUSINESS Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Internet Speed 4030.57
KBps
4026 4021 4022 4023 4022
IP Addresses 13805.00
IP
14004 14008 14013 14012 14011
Ease of Doing Business 141.00
147 148 150 152 163
Competitiveness Index 3.91
Points
3.97 3.97 3.99 3.99 3.97
Competitiveness Rank 98.00
88 88 87 86 89
Corruption Index 29.00
Points
29 28 28 28 28
Corruption Rank 135.00
136 141 140 139 138
TAXES Actual Q3/18 Q4/18 Q1/19 Q2/19 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 12 12 12
Social Security Rate For Companies 6.00
percent
5.78 5.78 6.05 6.14 6.12
Social Security Rate For Employees 5.50
percent
5.28 5.28 5.33 5.35 5.32
CLIMATE Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Precipitation 31.96
mm
293 86.74 26.73 156 149
Temperature 21.37
celsius
26.13 21.41 20.6 24.24 24.15