A landlocked country between China, Vietnam, Cambodia, Thailand and Myanmar, Laos is enjoying a renewed economic development thanks to its strategic position between strong neighbors and new projects for hydro-electricity.

  • Official country name: Lao People’s Democratic Republic
  • Capital: Vientiane
  • Total Area: 237,955 km²
  • Government: Unitary Marxist–Leninist one-party Communist republic
  • Currency: Kip – LAK
  • Drives on the: right
  • Calling Code: +856
  • Internet TLD: .la

Demographics

  • Population: 6,492,228 (2015 census)
  • Population Density: 26.7/km²
  • Official Languages: Lao
  • HDI: 0.586 (medium)
  • Ethnic Groups: (2005)
    • 55% Lao
    • 11% Khmu
    • 8% Hmong
    • 26% others

Taxes in Laos

Aiming at helping local businesses and foreign companies, the Lao government has set an attractive tax system.

Key economic data of Laos

  • GDP (PPP): USD 41 Billion (2016 Estimate)
  • GDP per Capita (PPP): USD 5,718
  • GDP (Nominal): USD 14 Billion (2016 Estimate)
  • GDP per Capita (Nominal): USD 1,921
  • GDP Growth: 6.8% (2016 Estimate)
  • GDP by sector: (2011 Estimate)
    • agriculture: 37.4%
    • industry: 20.2%
    • services: 42.6%
  • Labor force: 3.7 Million (2010 Estimate)
  • Labor force by occupation: (2010 Estimate)
    • agriculture 75.1%
    • industry n/a
    • services n/a
  • Unemployment: 2.5% (2009 Estimate)
  • Inflation: 7.6% (2011 Estimate)

Main industries of Laos

Laos heavily relies upon its natural resources and hydroelectricity for its economy. Its renewed economic dynamism in industry also pushes the construction industry. The tourism industry is also benefiting from a new interest in the Lao culture and its UNESCO World Heritage sites.

  • copper
  • tin
  • gold and gypsum mining
  • timber
  • electric power
  • agricultural processing
  • construction
  • garments
  • cement
  • tourism

Laos digital

The improving infrastructures and spread of mobile phones have helped Laotians to access the Internet and digital services.

Numbers of Internet, social media and mobile users in Laos in 2018

Laos trade data

With low trade volumes, Laos aims at more trade through the development of industry and improved exploitation of natural resources.

Exports: USD 2.13 Billion (2011 Estimate)

Export Goods:

  • wood products
  • garments
  • electricity
  • coffee
  • tin
  • copper
  • gold

Main Export Partners: (2012 Estimate)

  • Thailand 32.8%
  • China 20.7%
  • Vietnam 14.0%

Imports: USD 2.336 Billion (2011 Estimate)

Import Goods:

  • machinery and equipment
  • vehicles
  • fuel
  • consumer goods

Main Import Partners: (2012 Estimate)

  • Thailand 63.2%
  • China 16.5%
  • Vietnam 5.6%

Source: Aseanup