Population: 6.8 million in 20131
GDP: $11.1 billion in 20132
GDP per capita: $1,661 nominal3 ($4,812 PPP4) in 2013
GDP growth rate: 8.5% in 20135
GDP by Industry 20126
Industry sector | Value added ($ millions) 2012 | Percent of total |
Agriculture, hunting, forestry, fishing | 2,195 | 28.0% |
Wholesale, retail trade, restaurants and hotels | 1,560 | 19.9% |
Other activities | 1,251 | 16.0% |
Mining and utilities | 1,206 | 15.4% |
Manufacturing | 778 | 9.9% |
Construction | 479 | 6.1% |
Transport, storage and communication | 365 | 4.7% |
Total value added | 7,834 | 100% |
Unemployment rate: 1.4% in 20137
Employment by Industry 20138
Employment sector | Percent of total |
Services | 38% |
Industry | 32% |
Agriculture | 25% |
Total | 100% |
Top 10 Corporations by Revenue 20139
N/A
Household Wealth: $21 billion (189% of GDP) in 201410
Household Wealth per Adult: $5,764 in 201410
Gini Coefficient: .367 in 201311
Central Government
Central Government Revenue: $2.5 billion (22% of GDP) in 201312
Central Government Expenditure: $2.6 billion (23% of GDP) in 201312
Central Government Budget Balance: -$0.1 billion (-1% of GDP) in 201312
Central Government Public Debt: N/A
Central Government 10 Year Bond Interest Rate: 4.5% in May 201313
Government Funds
N/A
Tax Structure
Individual Income Tax Rates and Thresholds in 2013* 14
Corporate Tax Rate: 24% in 201415
* Individual thresholds calculated using the exchange rate 8,126 LAK = 1 USD
Money Supply (M0): $1.6 billion (15% of GDP) in Q2 2013* 16
Benchmark Interest Rate: 5.0% in Feb 201217
Total Reserves: $1.1 billion (10% of GDP) in 201318
Exchange Rate: 8,126 Laotian Kip = 1 U.S. Dollar on Feb 17, 201519
Inflation: 6.4% in 201320
* Money supply calculated using the exchange rate 8,126 LAK = 1 USD
Top 10 Financial Institutions by Assets 201321
N/A (data not available at Relbanks.com)
Exports: $2.3 billion (21% of GDP) in 201322
Imports: $3.2 billion (29% of GDP) in 201322
Trade Balance: -$0.9 billion (-8% of GDP) in 201322
Foreign Direct Investment Inflow: $426 million (4% of GDP) in 201323
Foreign Direct Investment Outflow: N/A
Foreign Aid Inflow: $408 million (4% of GDP) in 201224
Foreign Aid Outflow: N/A
1. Source: World Bank Indicators (Population) Go back
2. Source: World Bank Indicators (GDP) Go back
3. Source: World Bank Indicators (GDP per capita) Go back
4. Source: World Bank Indicators (GDP per capita PPP) Go back
5. Source: World Bank Indicators (GDP growth rate) Go back
6. Source: United Nations Statistics Division (GDP by industry) Go back
7. Source: World Bank Indicators (Unemployment rate) Go back
8. Source: CIA World Factbook (Employment by economic activity) Go back
9. Source: Annual reports (Corporate data) Go back
10. Source: Credit Suisse Global Wealth Databook (Household wealth) Go back
11. Source: UN Human Development Report (Gini coefficient) Go back
12. Source: CIA World Factbook (Government budget) Go back
13. Source: Reuters (Government bond yield) Go back
14. Source: Ernst & Young, Worldwide Personal Tax Guide (Individual tax rates) Go back
15. Source: Tax Foundation (Corporate tax rate) Go back
16. Source: Bank of Lao PDR, Annual Report, Lao Financial Statistics (Money supply) Go back
17. Source: Vietstock.vn (Benchmark interest rate) Go back
18. Source: World Bank Indicators (Total reserves) Go back
19. Source: xe.com (Exchange rate) Go back
20. Source: World Bank Indicators (Inflation rate) Go back
21. Source: Relbanks.com (Financial institutions by assets) Go back
22. Source: CIA World Factbook (Trade data) Go back
23. Source: World Bank Indicators (FDI data) Go back
24. Source: World Bank Indicators (Aid data) Go back