Since economic reforms were instituted in the 1980s, LAO PDR has seen sustained economic growth. The GDP grew an average of 7.1 percent annually from 2001-2010 and is predicted to grow 7.6 percent annually from 2011-2015 (World Bank). In 2011, LAO PDR achieved a GNI per capita of US$1,010, enabling it to move from its status as a lower income economy to a lower-middle income economy. At its current rate of growth, the country is on track to achieve its goal of graduating from its status as a Least Developed Country by 2020.
Agricultural Production
Agricultural Production | 2011 | 2012 | 2013 | 2014 |
---|---|---|---|---|
3,065,760 MT | 3,489,210 MT | 3,414,560 MT | 4,002,425 MT | |
1,096,235 MT | 1,125,485 MT | 1,214,085 MT | 1,412,440 MT | |
13,820 MT | 6,360 MT | 13,905 MT | 17,035 MT |
Agricultural Exports
Agricultural Exports | 2010 | 2011 | 2012 | 2013 |
---|---|---|---|---|
225,481 MT | 202,947 MT | 206,917 MT | 221,844 MT | |
94.00 MT | 215.00 MT | 215.00 MT | 215.00 MT |
Agricultural Imports
Agricultural Imports | 2010 | 2011 | 2012 | 2013 |
---|---|---|---|---|
42,773 MT | 17,071 MT | 13,055 MT | 10,930 MT | |
0.00 MT | 0.00 MT | 0.00 MT | 0.00 MT | |
353.00 MT | 856.00 MT | 941.00 MT | 1,489 MT |