Laos GDP Annual Growth Rate  1989-2017 | Data | Chart | Calendar

The Gross Domestic Product (GDP) in Laos expanded 7 percent in 2015 from the previous year. GDP Annual Growth Rate in Laos averaged 7.10 percent from 1989 until 2015, reaching an all time high of 14.30 percent in 1989 and a record low of 4.00 percent in 1991.

Laos GDP Annual Growth Rate
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Laos GDP Last Previous Highest Lowest Unit
GDP Annual Growth Rate 7.00 7.40 14.30 4.00 percent [+]
GDP 12.40 11.74 12.40 0.60 USD Billion [+]
GDP per capita 1531.20 1450.40 1531.20 402.70 USD [+]
GDP per capita PPP 5345.26 5063.17 5345.26 1616.81 USD [+]



Laos GDP Annual Growth Rate Notes

Laos is one of the poorest countries in the world. Still a communist state, in recent years Laos opened its economy to private initiative and foreign direct investments. As a result, Laos started to exploit its hydropower, precious metals and wood resources. The country is heavily dependent on agriculture (33 percent of GDP) as it employs around 80 percent of the population. Tourism (11 percent of GDP) is the second largest earner of foreign currency and is growing rapidly. In spite of the recent developments, the government relies extensively on foreign aid to fund its budget and infrastructure development. This page provides - Laos GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Laos GDP Annual Growth Rate - actual data, historical chart and calendar of releases - was last updated on February of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
7.00 7.40 14.30 4.00 1989 - 2015 percent Yearly



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