Lao PDR: Economy

Driven by solid expansion in electricity production for export and a bouyant service sector, growth held up well at 6.8% in 2016. Work on a major cross-border railway project should help strengthen growth this year and next. Both inflation and the current account deficit look set to rise. Major policy changes are needed to promote labor-intensive manufacturing and make the benefits of growth more inclusive. Read more from Asian Development Outlook 2017


Economic forecasts for Southeast Asian countries

Country 2017f 2018f
Brunei Darussalam 1.0 2.5
Cambodia 7.1 7.1
Indonesia 5.1 5.3
Lao People’s Democratic Republic 6.9 7.0
Malaysia 4.4 4.6
Myanmar 7.7 8.0
Philippines 6.4 6.6
Singapore 2.2 2.3
Thailand 3.5 3.6
Viet Nam 6.5 6.7
Average 4.8 5.0
Country 2017f 2018f
Brunei Darussalam 0.1 0.1
Cambodia 3.4 3.5
Indonesia 4.3 4.5
Lao People’s Democratic Republic 2.5 3.0
Malaysia 3.3 2.7
Myanmar 7.0 7.5
Philippines 3.5 3.7
Singapore 1.0 1.5
Thailand 1.8 2.0
Viet Nam 4.0 5.0
Average 3.3 3.5
Country 2017f 2018f
Brunei Darussalam 5.3 5.5
Cambodia –9.4 –9.0
Indonesia –1.7 –1.6
Lao People’s Democratic Republic –19.0 –20.0
Malaysia 1.8 2.0
Myanmar –8.0 –8.0
Philippines 0.2 0.5
Singapore 19.5 19.8
Thailand 9.0 7.0
Viet Nam 2.0 2.5
Average 3.1 3.0

f = forecast number.

Source: Asian Development Outlook 2017