Lao People's Democratic Republic and ADB

In the Spotlight

Overview

The economy of the Lao People’s Democratic Republic continues to grow vigorously. An investment boom, based on natural resources and fueled by mining and exports of hydropower, has seen gross national income double since 2006. Economic growth moderated in 2014, but is still buoyant, supported by external demand and foreign direct investment. Annual average headline inflation dropped substantially in 2014, due to reduced domestic demand and a sharp decline in global oil prices. Yet the Lao PDR remains highly vulnerable to external economic shocks.

ADB assistance in the Lao PDR is consistent with the rapidly evolving development needs of a lower middle-income country. 

Fact Sheet


  • Latest


6.77(2014) Population in millions

2%(2009-2014) Average annual population growth rate

23.2%(2013) Population living below the national poverty line

Download 2015 Basic Statistics