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Laos
This information comes from the assessment conducted in country for the Laos report, which was published in November 2006.
Although the government of Laos began allowing private enterprise and loosened its grip upon the economy in 1986, the country remains far behind its economically dynamic neighbors – Thailand, China, and Vietnam. There has been strong and sustained economic growth in Laos, averaging about 6 percent per annum between 1988 and 2004, except for the country’s participation in the 1997 regional downturn.
| Key Development Data & Statistics |
Year |
Latest Data |
| External debt stocks (% of GNI) |
2007 |
84.4 |
| GDP (current US$) (billions) |
2007 |
4.1 |
| GNI per capita, Atlas method (current US$) |
2007 |
620 |
| Population, total (millions) |
2007 |
5.9 |
| Population growth (annual %) |
2007 |
1.7 |
| Exports (current US$) (billions) |
2007 |
1.03 |
| Imports (current US$) (billions) |
2007 |
1.28 |
| Top Exports: wood products, coffee, electricity |
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| Top Imports: machinery and equipment, vehicles, fuel |
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Source: World Bank Group 2009, CIA World Factbook 2009
For additional economic indicators, please visit the World Bank's "Private Sector at a Glance."
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