Lao PDR: Economy

Having decelerated since 2013, growth in the Lao People’s Democratic Republic is projected to pick up over the next 2 years, lending support to the economy’s eligibility for graduation from least-developed status by 2020. Inflation has ebbed to its lowest in 6 years and is forecast to remain modest. Lower global oil prices have helped to bolster a fragile external position, but international reserves provide only a thin buffer against external shocks. Read more from Asian Development Outlook 2016

Economic forecasts for Southeast Asian countries

Country 2016 2017
Brunei Darussalam 1.0 2.5
Cambodia 7.0 7.1
Indonesia 5.2 5.5
Lao People’s Dem. Rep. 6.8 7.0
Malaysia 4.2 4.4
Myanmar 8.4 8.3
Philippines 6.0 6.1
Singapore 2.0 2.2
Thailand 3.0 3.5
Viet Nam 6.7 6.5
Average 4.5 4.8
Country 2016 2017
Brunei Darussalam 0.2 0.4
Cambodia 2.5 3.0
Indonesia 4.5 4.2
Lao People’s Dem. Rep. 1.8 2.5
Malaysia 2.7 2.5
Myanmar 9.5 8.5
Philippines 2.3 2.7
Singapore -0.6 0.4
Thailand 0.6 2.0
Viet Nam 3.0 4.0
Average 2.6 2.9
Indonesia
Country 2016 2017
Brunei Darussalam -1.3 2.0
Cambodia -11.1 -10.0
Indonesia -2.6 -2.8
Lao People’s Dem. Rep. -17.0 -20.0
Malaysia 1.2 2.3
Myanmar -8.3 -7.7
Philippines 2.7 2.8
Singapore 18.8 19.5
Thailand 7.5 4.0
Viet Nam -0.2 0.0
Average 2.8 2.7

Source: Asian Development Outlook 2016

 

 
This page was generated from http://www.adb.org/countries/lao-pdr/economy on 01 July 2016