AEIR 2017

Lao People's Democratic Republic

Economic growth remained strong in the first half of 2017 at 6.8%, driven mainly by strong electricity exports, the construction of large infrastructure projects, and a surge in cash crop production and exports. In the first half, electricity generation rose by an impressive 34.8% year on year, and cement production by a sturdy 14.6%.

Given strong growth in the first half of 2017, the economy’s expansion is expected to be sustained at 6.9% in 2017 and 7.0% in 2018. Downside risks to the outlook are a sustained worsening of the international market for mining products, an unexpected slowdown in Thailand, its vital electricity market, and, as always, bad weather affecting agriculture.

Source: Asian Development Outlook 2017 Update, ADB.
Latest Month-Ago Year-Ago
Composite Stock Price Index 1 954.5 (Feb18)972.9 1.0
Broad Money Growth 2 12.5 (Sep17)12.5 9.6
Headline Inflation Rate 3 1.0 (Jan18)0.2 2.3
Merchandise Export Growth 3 15.4 (Nov17)15.4 33.8
1 Monthly average, local index.
2 %.
3 y-o-y, %.
Source: Bloomberg LP; CEIC database.