Lao PDR: Economy | Asian Development Bank

Lao PDR: Economy

Economic growth is on track to meet April forecasts in the Asian Development Outlook 2017. Growth in the first half of the year was 6.8%, driven mainly by strong electricity exports, the construction of a couple of large infrastructure projects, and a surge in cash crop production and exports. Read more from Asian Development Outlook 2017 Update

Note: GDP growth rate forecasts for 2017 and 2018.


Economic forecasts for Southeast Asian countries

Country 2017f 2018f
Brunei Darussalam -5.4 2.2
Cambodia 5.5 5.7
Indonesia 3.2 4.2
Lao People’s Democratic Republic 5.4 5.5
Malaysia 2.6 2.6
Myanmar 7.5 7.9
Philippines 4.7 4.9
Singapore 0.9 1.0
Thailand 3.0 3.1
Viet Nam 5.5 5.7
Average 3.3 3.8
Country 2017f 2018f
Brunei Darussalam –0.3 0.1
Cambodia 3.0 3.2
Indonesia 4.0 3.7
Lao People’s Democratic Republic 1.5 1.5
Malaysia 3.7 2.7
Myanmar 7.0 7.5
Philippines 3.2 3.5
Singapore 1.0 1.5
Thailand 0.7 1.5
Viet Nam 4.5 5.5
Average 3.1 3.1
Country 2017f 2018f
Brunei Darussalam 6.0 6.5
Cambodia –9.7 –9.3
Indonesia –1.7 –2.0
Lao People’s Democratic Republic –17.5 –19.0
Malaysia 2.4 2.4
Myanmar –8.0 –8.0
Philippines 0.2 0.5
Singapore 19.5 19.8
Thailand 8.5 6.5
Viet Nam 1.0 2.0
Average 3.0 2.8
Country 2015
Brunei Darussalam 3,8010
Cambodia 1,070
Indonesia 3,440
Lao People’s Democratic Republic 1,740
Malaysia 10,570
Myanmar 1,160
Philippines 3,550
Singapore 52,090
Thailand 5720
Viet Nam 1,990

f = forecast number.

Sources:
Asian Development Outlook 2017
Asian Development Outlook 2017 Update