Robust private consumption helped GDP growth reach 5.0% in 2016 even as investment weakened. Inflation was subdued, and the current account deficit narrowed. Reviving investment and external trade are likely to strengthen growth this year and next, accompanied by higher inflation and a smaller current account deficit. In addition to infrastructure development and structural reform, addressing the skills gap is one important measure needed to sustain growth over the medium- to long-term. Read more from Asian Development Outlook 2017
Economic forecasts for Southeast Asian countries
|Lao People’s Democratic Republic||6.9||7.0|
|Lao People’s Democratic Republic||2.5||3.0|
|Lao People’s Democratic Republic||–19.0||–20.0|
f = forecast number.
Source: Asian Development Outlook 2017