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 Q2/17 Q3/17 Q4/17 Q1/18 2020
Currency 8191.00 8290 8370 8620 8540 9850 [+]
Stock Market 1036.53 1050 1040 1010 1020 852 points [+]
GDP Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
GDP Annual Growth Rate 7.00 7.4 7.4 7.4 7.1 6.9 percent [+]
GDP 12.40 12.87 13.01 13.15 13.32 15.6 USD Billion [+]
GDP per capita 1531.20 1569 1590 1612 1632 1925 USD [+]
GDP per capita PPP 5345.26 7284 7354 7425 8004 18811 USD [+]
LABOUR Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Unemployment Rate 1.40 1.5 1.5 1.5 1.5 1.7 percent [+]
Population 6.80 6.85 6.88 6.91 6.94 7.37 Million [+]
PRICES Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Inflation Rate 1.75 2.3 2.5 2.7 3.4 4.2 percent [+]
Consumer Price Index Cpi 101.53 101 100 100 99.91 99.42 Index Points [+]
Food Inflation 3.46 2.1 1.52 1.02 0.66 -0.71 percent [+]
MONEY Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Interest Rate 4.25 4.25 4 4 4 5 percent [+]
Deposit Interest Rate 3.00 2.76 2.83 2.9 3.04 3.66 percent [+]
Foreign Exchange Reserves 837.03 925 889 915 904 905 USD Million [+]
TRADE Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Balance of Trade -339.15 -282 -224 -231 -238 -189 USD Million [+]
Exports 856.62 879 887 902 916 1060 USD Million [+]
Imports 1195.77 1222 1209 1210 1211 1212 USD Million [+]
Current Account -237.68 -131 -84.01 -83.19 -90.28 -92.69 USD Million [+]
Current Account to GDP -20.30 -22.42 -23.1 -23.78 -24.6 -23.54 percent [+]
Gold Reserves 8.90 8.9 8.9 8.9 8.9 8.9 Tonnes [+]
Foreign Direct Investment 241.50 308 305 311 309 316 USD Million [+]
Terrorism Index 0.70 0.7 0.95 1.21 1.27 1.82 [+]
GOVERNMENT Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Government Debt to GDP 44.48 47 47 47 45.94 47 percent [+]
Government Budget -4.70 -6.06 -6.29 -6.52 -6.84 -5.98 percent of GDP [+]
Military Expenditure 23.10 23.98 23.81 23.64 23.64 24.36 USD Million [+]
BUSINESS Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Ease of Doing Business 139.00 142 144 146 144 137 [+]
Competitiveness Index 3.93 3.94 3.94 3.94 3.99 3.99 Points [+]
Competitiveness Rank 93.00 93 93 93 83 83 [+]
Corruption Index 30.00 29 30 30 30 30 Points [+]
Corruption Rank 123.00 129 124 120 121 122 [+]
TAXES Actual Q2/17 Q3/17 Q4/17 Q1/18 2020
Personal Income Tax Rate 24.00 25.99 26.99 27.99 27.99 24.97 percent [+]
Corporate Tax Rate 24.00 26.52 27.29 28.06 29.18 35.68 percent [+]
Sales Tax Rate 10.00 10 10 10 10 10 percent [+]
Social Security Rate 11.50 10.5 11 11.5 11.5 11.5 percent [+]
Social Security Rate For Companies 6.00 6 6 6 6 6 percent [+]
Social Security Rate For Employees 5.50 5.09 4.9 4.72 4.8 4.97 percent [+]