Economy of Lao PDR

Imports

Imports commoditiesmachinery and equipment, vehicles, fuel, consumer goods

Import partnersThailand 62.1%, China 16.2%, Vietnam 7.3% (2012)

Exports

Exports commoditieswood products, coffee, electricity, tin, copper, gold, cassava

Export partnersThailand 34%, China 21.5%, Vietnam 12.2% (2012)

Economy sectors

Agriculture productssweet potatoes, vegetables, corn, coffee, sugarcane, tobacco, cotton, tea, peanuts, rice; cassava (manioc), water buffalo, pigs, cattle, poultry

Industrial productsmining (copper, tin, gold, and gypsum); timber, electric power, agricultural processing, rubber, construction, garments, cement, tourism

Economy

Unemployment1.30 % (2012)1.40 % (2011)1.90 % (2010)

Unemployment of Lao PDR

GDP - Official Exchange Rate10.1 Billion $ (2013)9.05 Billion $ (2012)8.25 Billion $ (2011)

GDP - Official Exchange Rate of Lao PDR

GDP growth rate8.30 % (2013)7.90 % (2012)8.00 % (2011)

GDP growth rate of Lao PDR

GDP per Capita (PPP)3,100 $ (2013)2,800 $ (2012)2,800 $ (2011)

GDP per Capita (PPP) of Lao PDR

GDP - Purchasing Power Parity20.8 Billion $ (2013)18.9 Billion $ (2012)17.7 Billion $ (2011)

GDP - Purchasing Power Parity of Lao PDR

GDP PPP per land area87,753 $ per square kilometer (2013)79,899 $ per square kilometer (2012)74,704 $ per square kilometer (2011)

GDP PPP per land area of Lao PDR

Electricity

Electricity - installed generating capacity1.90 Million kW

Banking

Central bank discount rate4.30 % (2010)4.00 % (2009)7.67 % (2008)

Central bank discount rate of Lao PDR

Commercial bank prime lending rate23.2 % (2013)22.3 % (2012)21.9 % (2011)

Commercial bank prime lending rate of Lao PDR

GDP decomposition by sector

Agriculture % of GDP24.8 % (2013)26.0 % (2012)

Industry % of GDP32.0 % (2013)34.0 % (2012)

Services % of GDP37.5 % (2013)40.0 % (2012)

Tourism

International tourism, number of arrivals2.14 Million (2012)1.79 Million (2011)1.67 Million (2010)

International tourism, number of arrivals of Lao PDR

Yearly Tourist arrivals to residents ratio32.5 % (2012)27.6 % (2011)26.1 % (2010)

Yearly Tourist arrivals to residents ratio of Lao PDR

Debt, Current Account Balance and Budget Deficit

Public debt (Percentage of GDP)46.3 % of GDP (2013)49.1 % of GDP (2012)49.1 % of GDP (2011)

Public debt (Percentage of GDP) of Lao PDR

Budget surplus (+) or deficit (-)-1.40 % of GDP

Current Account Balance (Percentage of GDP)-4.42 % of GDP (2012)-2.50 % of GDP (2011)0.41 % of GDP (2010)

Current Account Balance (Percentage of GDP) of Lao PDR

External Debt Stocks (Percentage of GNI)73.4 % of GNI (2012)79.6 % of GNI (2011)84.2 % of GNI (2010)

External Debt Stocks (Percentage of GNI) of Lao PDR

Short-term debt (percentage of total external debt)0.74 % of total external debt (2012)1.01 % of total external debt (2011)0.32 % of total external debt (2010)

Short-term debt (percentage of total external debt) of Lao PDR

Current Account Balance (Total)-484.30 Million $ (2013)-315.50 Million $ (2012)90.2 Million $ (2011)

Current Account Balance (Total) of Lao PDR

External Debt (Total)6.69 Billion $ (2013)6.29 Billion $ (2012)5.96 Billion $ (2011)

External Debt (Total) of Lao PDR

External Debt (Percentage of GDP)66.2 % of GDP (2013)69.5 % of GDP (2012)72.1 % of GDP (2011)

External Debt (Percentage of GDP) of Lao PDR

External Debt per Capita999 $ (2013)955 $ (2012)919 $ (2011)

External Debt per Capita of Lao PDR