Laos FlagLaos

Peace, Independence, Democracy, Unity And Prosperity

 

General


Population: 6,803,699 (2014), 6,695,166 (2013)
Land Area: 236,800 sq km
Natural Resources: Timber, hydropower, gypsum, tin, gold, gemstones
Capital: Vientianea
Political System: Communist state
State Leader: Lt. Gen. Choummali Saignason (June 8th 2006)
Head of Government: Thongsing Thammavong (December 24th 2010)
Languages: Lao, French, English, Ethnic languages
Currency: Kip (LAK)
Major Religions: Buddhist 65%, Animist 32.9%, Christian 1.3%, Other And Unspecified 0.8%
Major Ethnicities: Lao 55%, Khmou 11%, Hmong 8%, Other 26%
Life Expectancy: 63.51 years (2014)

Economy


GDP Official Exchange Rate: 10.1 billion (2013), 9.269 billion (2012)
GDP Purchasing Power Parity: 20.78 billion (2013), 19.16 billion (2012)
GDP Per Capita (PPP): 3,100 (2013), 3,000 (2012)
GDP Growth Rate: 8.3% (2013), 8.3% (2012)
GDP Structure: Agriculture 24.8%, Industry 32%, Services 37.5% (2013)
Labour Force By Occupation: Agriculture 75.1%, Industry and Services NA (2010)
Industries: Copper, tin, gold, gypsum mining, timber, electric power, agricultural processing, construction, garments, tourism, cement
Agriculture Products: Sweet potatoes, vegetables, corn, coffee, sugarcane, tobacco, cotton, tea, peanuts, rice; water buffalo, pigs, cattle, poultry
Human Development Index: 0.569 (139th)(2014), 0.543 (138th)(2013)
Tourism Revenue: 113 million (2002)
Unemployment Rate: 1.0% (2010)

MilitaryLaos Map


Army Size: 29 100 (2004)
Budget: 0.5% of GDP (2006)

Current Situation

 

Laos is located in Southeast Asia. Laos is bordered by Burma, Cambodia, China, Thailand and Vietnam. Laos' infrastructure is severely lacking, with little railway, and only a few major roads. Agriculture is the biggest employer in Laos, most of which consists of survival agriculture. A high growth rate might mean better times are ahead for Laos, and also a growing tourism industry and trade with China will also help going forward.

(2014) Laos' economy continues to grow at a high rate, although poverty remains rampant. The government of Laos is however implementing measures to provide basic sanitation, to promote tourism and to attract foreign investments all of which will help it reduce poverty in the long term.

Thoughts & Comments

 

Sources

CIA World Factbook: Laos
Wikipedia: Laos
http://hdrstats.undp.org/en/countries/profiles/LAO.html

Updated on: October 11th, 2014