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:
Capital: Vientiane Main Airports: Wattay International Airport
Language(s): Lao Population: 7,574,356
Currency: Lao Kip ISO Currency Code: LAK
Telephone Dial In: +856 ID Prefix: 00


Government Website:
Central Bank: Banque de la République Democratique Populaire Lao
Currency USD Exchange Rate: 8,231.1 kips (LAK) per US dollar (2017 est.)
Unemployment Rate: 0.7% (2017 est.)
Population below poverty line: 22% (2013 est.)
Inflation Rate: 0.8% (2017 est.)
Prime Lending Rate: 22.60% (2010 - World Bank)
GDP: $16.97 billion (2017 est.)
GDP Pro Capita (PPP): $7,826 (2019 est.)
Currency Name: Lao Kip
Currency Code: LAK
World Bank Classification: Lower Middle Income

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%

Source: Central Intelligence Agency Factbook

Financial Exchanges:
Stock & Securities Exchange: Lao Securities eXchange ;

National Statistics Office:

National Dataset(s):


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;
National Standards Bureau: Department of Standardization and Metrology
Competitive Ind’l Performance: 113/141 (2019) Corruption Perceptions Index: 134/180 (2020)
Ease of Doing Business: 154/190 (2019) Enabling Trade Index: 93/136 (2016)
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Country Ratings:

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Export Promotion Agency: Lao PDR Trade Portal ; Investment Agency: Investment Promotion Department ;


$4.976 billion (2017 est.)

Main Imports:

machinery and equipment, vehicles, fuel, consumer goods


$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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