Developing Asia Fastest Growing Region

Developing Asia remains the fastest growing region globally despite slower-than-expected growth in major industrial countries as key economies move ahead with structural reforms, says a new ADB report. Read More

Asia Positioned to Lead Global Knowledge Economy

Asian countries have a unique opportunity to lead the global knowledge-based economy of the future, says a new ADB report. Read More

ADB Support for Lao PDR Tourism Industry Will Boost Revenue, Create Jobs

Tourism could generate an additional $330 million in earnings and 27,000 new jobs in the Lao PDR under a project supported by ADB to upgrade the country’s tourism infrastructure, boosting the industry’s contribution to the economy. Read More

ADB Supports Public-Private Hydropower Project in Lao PDR

ADB is supporting the 290-megawatt Nam Ngiep 1 hydropower project in the Lao People’s Democratic Republic under a public-private partnership arrangement. Read More

Overview

Mining, hydropower development, and private consumption spending continue to underpin economic growth in the Lao People's Democratic Republic. However, this economic transformation poses challenges for the country. Continued structural transformation and economic diversification is needed to expand opportunities, provide jobs for a young population, and enable inclusive growth. At the same time, high economic growth brings with it the demand for improved good governance and natural resource and environmental management.

ADB assistance has focused on responding to the Lao PDR’s changing development priorities, from an early emphasis on agriculture in the 1980s, to roads and transportation in the 1900s, and education, energy, and regional integration in the 2000s.

Fast Facts

6.66 (2013)
Population in millions

2.2% (2008-2013)
Average annual population growth rate

26.00% (2010)
Population living below the national poverty line

ADB Lending

Amount ($M) / %
Sector (No. of loans)
343.44 / 18.37
Agriculture (24)
 
182.66 / 9.77
Education (10)
 
343.32 / 18.36
Energy (20)
 
79.00 / 4.23
Finance (6)
 
81.00 / 4.33
Health (8)
 
54.28 / 2.90
Industry and Trade (6)
 
20.00 / 1.07
Multisector (1)
 
51.00 / 2.73
Public Sector (7)
 
425.70 / 22.77
Transport and ICT (15)
 
289.03 / 15.46
Water Supply (17)
 
1,869.43 / 100.00
TOTAL (114)
Cumulative as of 31 December 2013