Laos recorded a Current Account surplus of 2.35 percent of the country's Gross Domestic Product in 2021. source: Bank of the Lao PDR

Current Account to GDP in Laos averaged -9.05 percent of GDP from 1980 until 2021, reaching an all time high of 2.35 percent of GDP in 2021 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 March of 2023.

Current Account to GDP in Laos is expected to reach -7.50 percent of GDP by the end of 2022, 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 -8.00 percent of GDP in 2023, according to our econometric models.

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Laos Current Account to GDP

Related Last Previous Unit Reference
Balance of Trade 25.82 193.73 USD Million Sep 2022
Current Account -152.89 -86.52 USD Million Sep 2022
Current Account to GDP 2.35 -1.21 percent of GDP Dec 2021
Exports 1909.05 1952.94 USD Million Sep 2022
Imports 1883.23 1759.21 USD Million Sep 2022
Foreign Direct Investment -115.87 132.23 USD Million Sep 2022
External Debt 10213.40 10683.70 USD Million Dec 2021
Tourist Arrivals 886447.00 4791065.00 Dec 2020
Tourism Revenues 213.40 934.70 USD Million Dec 2020

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.
Actual Previous Highest Lowest Dates Unit Frequency
2.35 -1.21 2.35 -26.90 1980 - 2021 percent of GDP Yearly