Laos recorded a Current Account deficit of 7.20 percent of the country's Gross Domestic Product in 2019.

Current Account to GDP in Laos averaged -9.63 percent from 1980 until 2019, reaching an all time high of 1.96 percent in 2011 and a record low of -26.90 percent in 2009. This page provides - Laos Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. Laos Current Account to GDP - values, historical data and charts - was last updated on October of 2020.

Current Account to GDP in Laos is expected to reach -11.90 percent by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Laos Current Account to GDP is projected to trend around -10.80 percent in 2021 and -10.50 percent in 2022, according to our econometric models.

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Laos Current Account to GDP

Actual Previous Highest Lowest Dates Unit Frequency
-7.20 -7.90 1.96 -26.90 1980 - 2019 percent Yearly

Laos Trade Last Previous Highest Lowest Unit
Balance of Trade 20.37 -163.95 41.50 -734.71 USD Million [+]
Current Account -349.83 -118.37 168.56 -668.17 USD Million [+]
Current Account to GDP -7.20 -7.90 1.96 -26.90 percent [+]
Imports 1446.94 1577.81 1652.80 124.40 USD Million [+]
Exports 1467.31 1413.86 1467.31 11.50 USD Million [+]
Gold Reserves 0.90 0.90 8.90 0.30 Tonnes [+]
Terrorism Index 1.03 1.68 2.11 0.00 [+]
Tourism Revenues 785.90 648.10 785.90 6.30 USD Million [+]
Tourist Arrivals 4457675.00 3868838.00 4684429.00 102946.00 [+]
External Debt 9761.50 8561.20 9761.50 769.60 USD Million [+]
Foreign Direct Investment 170.70 103.32 913.24 8.00 USD Million [+]


Laos Current Account to GDP
The Current account balance as a percent of GDP provides an indication on the level of international competitiveness of a country. Usually, countries recording a strong current account surplus have an economy heavily dependent on exports revenues, with high savings ratings but weak domestic demand. On the other hand, countries recording a current account deficit have strong imports, a low saving rates and high personal consumption rates as a percentage of disposable incomes.