Field info displayed for all countries in alpha order.
The government of Laos, one of the few remaining one-party communist states, began decentralizing control and encouraging private enterprise in 1986. The results, starting from an extremely low base, were striking – growth averaged 6% per year from 1988-2008 except during the short-lived drop caused by the Asian financial crisis that began in 1997. Lao’s growth exceeded 7% per year during 2008-11. Despite this high growth rate, Laos remains a country with an underdeveloped infrastructure, particularly in rural areas. It has a rudimentary, but improving, road system, and limited external and internal land-line telecommunications. Electricity is available in urban areas and in many rural districts. Subsistence agriculture, dominated by rice cultivation in lowland areas, accounts for about 30% of GDP and 75% of total employment. Economic growth has reduced official poverty rates from 46% in 1992 to 26% in 2010. The economy has benefited from high foreign investment in hydropower, mining, and construction. Laos gained Normal Trade Relations status with the US in 2004, and is taking steps required to join the World Trade Organization, such as reforming import licensing. Related trade policy reforms will improve the business environment. On the fiscal side, Laos initiated a VAT tax system in 2010. Simplified investment procedures and expanded bank credits for small farmers and small entrepreneurs will improve Lao’s economic prospects. The government appears committed to raising the country’s profile among investors, opening the country’s first stock exchange in 2011. The World Bank has declared that Laos’s goal of graduating from the UN Development Program‘s list of least-developed countries by 2020 is achievable. According Laotian officials, the 7th Socio-Economic Development Plan for 2011-15 will outline efforts to achieve Millennium Development Goals.
Field info displayed for all countries in alpha order.
$17.44 billion (2011 est.)

country comparison to the world: 134

$16.12 billion (2010 est.)
$14.89 billion (2009 est.)
note: data are in 2011 US dollars
Field info displayed for all countries in alpha order.
$7.9 billion (2011 est.)
Field info displayed for all countries in alpha order.
8.3% (2011 est.)

country comparison to the world: 9

7.9% (2010 est.)
7.6% (2009 est.)
Field info displayed for all countries in alpha order.
$2,700 (2011 est.)

country comparison to the world: 175

$2,500 (2010 est.)
$2,400 (2009 est.)
note: data are in 2011 US dollars
Field info displayed for all countries in alpha order.
agriculture: 27.8%
industry: 34.8%
services: 37.4% (2011 est.)
Field info displayed for all countries in alpha order.
3.69 million (2010 est.)

country comparison to the world: 94

Field info displayed for all countries in alpha order.
agriculture: 75.1%
industry and services: NA (2010)
Field info displayed for all countries in alpha order.
2.5% (2009 est.)

country comparison to the world: 20

2.4% (2005 est.)
Field info displayed for all countries in alpha order.
26% (2010 est.)
Field info displayed for all countries in alpha order.
lowest 10%: 3.3%
highest 10%: 30.3% (2008)
Field info displayed for all countries in alpha order.
36.7 (2008)

country comparison to the world: 83

34.6 (2002)
Field info displayed for all countries in alpha order.
revenues: $1.365 billion
expenditures: $1.594 billion (2011 est.)
Field info displayed for all countries in alpha order.
17.3% of GDP (2011 est.)

country comparison to the world: 178

Field info displayed for all countries in alpha order.
-2.9% of GDP (2011 est.)

country comparison to the world: 99

Field info displayed for all countries in alpha order.
7.8% (2011 est.)

country comparison to the world: 174

5.7% (2010 est.)
Field info displayed for all countries in alpha order.
4.3% (31 December 2010)

country comparison to the world: 91

4% (31 December 2009)
Field info displayed for all countries in alpha order.
22% (31 December 2011 est.)

country comparison to the world: 14

22.613% (31 December 2010 est.)
Field info displayed for all countries in alpha order.
$992 million (31 December 2011 est.)

country comparison to the world: 146

$787.9 million (31 December 2010 est.)
Field info displayed for all countries in alpha order.
$3.227 billion (31 December 2011 est.)

country comparison to the world: 138

$2.643 billion (31 December 2010 est.)
Field info displayed for all countries in alpha order.
$2.53 billion (31 December 2011 est.)

country comparison to the world: 130

$1.95 billion (31 December 2010 est.)
Field info displayed for all countries in alpha order.
sweet potatoes, vegetables, corn, coffee, sugarcane, tobacco, cotton, tea, peanuts, rice; cassava (manioc), water buffalo, pigs, cattle, poultry
Field info displayed for all countries in alpha order.
mining (copper, tin, gold, and gypsum); timber, electric power, agricultural processing, rubber, construction, garments, cement, tourism
Field info displayed for all countries in alpha order.
17.7% (2010 est.)

country comparison to the world: 3

Field info displayed for all countries in alpha order.
1.553 billion kWh (2010 est.)

country comparison to the world: 140

Field info displayed for all countries in alpha order.
2.23 billion kWh (2010 est.)

country comparison to the world: 134

Field info displayed for all countries in alpha order.
341 million kWh (2010 est.)
Field info displayed for all countries in alpha order.
999 million kWh (2010 est.)
Field info displayed for all countries in alpha order.
0 bbl/day (2010 est.)

country comparison to the world: 186

Field info displayed for all countries in alpha order.
3,000 bbl/day (2010 est.)

country comparison to the world: 182

Field info displayed for all countries in alpha order.
0 bbl/day (2009 est.)

country comparison to the world: 185

Field info displayed for all countries in alpha order.
1,918 bbl/day (2010 est.)

country comparison to the world: 179

Field info displayed for all countries in alpha order.
0 bbl (1 January 2011 est.)

country comparison to the world: 150

Field info displayed for all countries in alpha order.
0 cu m (2009 est.)

country comparison to the world: 203

Field info displayed for all countries in alpha order.
0 cu m (2009 est.)

country comparison to the world: 196

Field info displayed for all countries in alpha order.
0 cu m (2009 est.)

country comparison to the world: 129

Field info displayed for all countries in alpha order.
0 cu m (2009 est.)

country comparison to the world: 85

Field info displayed for all countries in alpha order.
0 cu m (1 January 2011 est.)

country comparison to the world: 154

Field info displayed for all countries in alpha order.
-$76.7 million (2011 est.)

country comparison to the world: 70

-$228.3 million (2010 est.)
Field info displayed for all countries in alpha order.
$1.842 billion (2011 est.)

country comparison to the world: 142

$1.474 billion (2010 est.)
Field info displayed for all countries in alpha order.
wood products, coffee, electricity, tin, copper, gold
Field info displayed for all countries in alpha order.
Thailand 31.1%, China 23%, Vietnam 12.9% (2010)
Field info displayed for all countries in alpha order.
$2.37 billion (2011 est.)

country comparison to the world: 153

$2.06 billion (2010 est.)
Field info displayed for all countries in alpha order.
machinery and equipment, vehicles, fuel, consumer goods
Field info displayed for all countries in alpha order.
Thailand 65.6%, China 14.6%, Vietnam 6.6% (2010)
Field info displayed for all countries in alpha order.
$756.8 million (31 December 2011 est.)

country comparison to the world: 141

$713.4 million (31 December 2010 est.)
Field info displayed for all countries in alpha order.
$5.094 billion (31 December 2011 est.)

country comparison to the world: 112

$4.635 billion (31 December 2010 est.)
Field info displayed for all countries in alpha order.
kips (LAK) per US dollar –
8,043.7 (2011 est.)
8,258.77 (2010 est.)
8,516.04 (2009)
8,760.69 (2008)
9,658 (2007)
Field info displayed for all countries in alpha order.
1 October – 30 September
Source: CIA World Factbook 2012
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About The Aseanists Time

The Aseanists Time is daily online newspaper and magazine covering on regional politic, economic, and social issues; science and technology, regional leaders, politic and economic in each ASEAN Member States along with ASEAN 6 (United States, Australia, Japan, South Korea, China, and India), regional natural disaster and climate change, regional business, finance and economic statistic and figure. Furthermore, We also cover on top 10 economic countries. Finally, we report ASEAN, EU and UN as well.

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