LAOS

An Unpolished Gem

7.4%

GDP growth in 2015

ABOUT

Formerly a sleepy backwater, landlocked Laos is waking up as it discovers the potential of its mineral and hydropower resources. Still primarily an agrarian economy, the country is developing quickly as international investment boosts growth in a range of sectors.

QUICK FACTS

Population: 6.9 million
GDP $12.4 billion
GDP growth 7.6%
30%

increased power generation in 2016 after Hongsa power plant started operations

PROS CONS

+ High GDP growth

+ Mineral and hydropower resources

+ Growing FDI

– Corruption and bureaucracy

– Agrarian and landlocked

– Poor infrastructure

TOP EXPORTS

Wood and wood products

Copper

Mineral products

Textiles and garment

Ores, slag and ash

Coffee, tea and spices

LAOS INSIGHTS