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
Currency 8497.00
8482 8482 8482 8482 8482
Stock Market 889.32
points
863 850 837 824 774
GDP Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
GDP Annual Growth Rate 6.90
percent
6.8 6.8 7 7 7.1
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
0.7 0.7 0.7 0.7 0.8
Population 6.86
Million
6.96 6.96 7.07 7.07 7.15
PRICES Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Inflation Rate 1.97
percent
1.9 2 1.8 2.1 2.6
Consumer Price Index Cpi 103.88
Index Points
105 104 105 106 110
Food Inflation 0.97
percent
1 1.2 0.8 0.9 1.5
MONEY Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Interest Rate 4.25
percent
4.25 4.25 4.25 4.25 4.25
Foreign Exchange Reserves 1016.00
USD Million
926 938 948 917 941
TRADE Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Balance of Trade -416.14
USD Million
-442 -394 -409 -413 -362
Exports 1154.09
USD Million
1045 1106 1116 1139 1248
Imports 1570.22
USD Million
1486 1500 1525 1552 1610
Current Account -452.68
USD Million
-497 -503 -506 -331 -549
Current Account to GDP -6.99
percent
-8.5 -8.5 -7.6 -7.6 -6.4
Gold Reserves 0.90
Tonnes
0.9 0.9 0.9 0.9 0.9
Terrorism Index 1.96
2.1 2.1 1.7 1.7 1.3
Foreign Direct Investment 543.59
USD Million
439 517 401 519 560
GOVERNMENT Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Government Debt to GDP 50.03
percent
53.3 53.3 56.7 56.7 57
Government Budget -5.60
percent of GDP
-5.3 -5.3 -5.1 -5.1 -4.8
Military Expenditure 23.48
USD Million
25 25 27 27 28
BUSINESS Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Internet Speed 4030.57
KBps
4050 4070 4090 5015 5200
IP Addresses 13805.00
IP
14200 14500 14300 14400 14900
Ease of Doing Business 141.00
144 144 146 146 143
Competitiveness Index 3.91
Points
3.97 3.97 3.99 3.99 3.97
Competitiveness Rank 98.00
98 98 96 96 93
Corruption Index 29.00
Points
28 28 29 29 30
Corruption Rank 135.00
137 137 138 138 140
TAXES Actual Q3/18 Q4/18 Q1/19 Q2/19 2020
Corporate Tax Rate 24.00
percent
24 24 24 24 24
Personal Income 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 11.5 11.5
Social Security Rate For Companies 6.00
percent
6 6 6 6 6
Social Security Rate For Employees 5.50
percent
5.5 5.5 5.5 5.5 5.5
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