Official Name: | The Lao People's Democratic Republic |
Sovereign Status: | Sovereign Country |
Government Type: | Communist state |
Official Name (Local Language): | Sathalanalat Paxathipatai Paxaxon Lao |
ISO Country Codes: | LA : LAO |
Internet Domain: | .la |
Government Web Site: | https://na.gov.la/ |
Capital: | Vientiane | Main Airports: | Wattay International Airport |
Language(s): | Lao | Population: | 7,749,595 |
Currency: | Lao Kip | ISO Currency Code: | LAK |
Telephone Dial In: | +856 | ID Prefix: | 00 |
Government Website: | https://na.gov.la/ |
Central Bank: |
Banque de la République Democratique Populaire Lao |
GDP: | $58.264 billion (2021 est.) |
GDP Pro Capita (PPP): | $7,800 (2021 est.) |
Currency & USD Exchange Rate: | Lao Kip |
Currency Code: | LAK |
World Bank Classification: | Lower-Middle Income Economy |
GDP Composition:
Agriculture: | 21.3% | sweet potatoes, vegetables, corn, coffee, sugarcane, tobacco, cotton, tea, peanuts, rice; cassava (manioc, tapioca), water buffalo, pigs, cattle, poultry |
Industry: | 32.5% | mining (copper, tin, gold, gypsum); timber, electric power, agricultural processing, rubber, construction, garments, cement, tourism |
Services: | 39.4% |
Subject to Country Specific Sanctions? NO
Business Language(s): | French; Lao |
Customs & Excise: | Ministère des Finances |
Development Bank(s): | Asian Development Bank; Asian Infrastructure Investment Bank; Lao Development Bank; |
Competitive Ind’l Performance: 113/141 (2019) | Corruption Perceptions Index: 126/180 (2022 Rank) |
Ease of Doing Business: N/A | Enabling Trade Index: 93/136 (2016) |
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Export Promotion Agency: Lao PDR Trade Portal ; Investment Agency: Investment Promotion Department ;
Imports:
$4.976 billion (2017 est.)
Main Imports:
machinery and equipment, vehicles, fuel, consumer goods
Exports:
$3.654 billion (2017 est.)
Main Exports:
wood products, coffee, electricity, tin, copper, gold, cassava
Top Export Partners:
Thailand 30.4%
China 26.9%
Vietnam 17.5%
Top Import Partners:
Thailand 60.9%
China 18.6%
Vietnam 7.3%
Source: Central Intelligence Agency Factbook
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