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.
General Information
- 6,758,35315,903,329,473 $2,150 $997,439,369 $0.67 %3.02 %207.6423.40 %
Agricultural Production
| Agricultural Production | 2013 | 2014 | 2015 | 2016 |
|---|---|---|---|---|
| 3,414,560 MT | 4,002,425 MT | 4,102,000 MT | 4,148,800 MT | |
| 1,214,085 MT | 1,412,440 MT | 1,516,250 MT | 1,552,360 MT | |
| 13,905 MT | 17,035 MT | 18,675 MT | 19,130 MT |
Agricultural Exports
| Agricultural Exports | 2013 | 2014 | 2015 | 2016 |
|---|---|---|---|---|
| MT | 20,540 MT | 60,771 MT | 65,063 MT | |
| 221,844 MT | 111,822 MT | 266,314 MT | 240,110 MT | |
| 215.00 MT | 0.00 MT | 59.00 MT | 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 | |
| MT | MT | MT | MT |
