Laos Current Account to GDP

Laos recorded a Current Account deficit of 7.90 percent of the country's Gross Domestic Product in 2018. Current Account to GDP in Laos averaged -9.69 percent from 1980 until 2018, reaching an all time high of 1.96 percent in 2011 and a record low of -26.90 percent in 2009.

Current Account to GDP in Laos is expected to be -9.30 percent by the end of this quarter, 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 -8.40 percent in 2020, according to our econometric models.

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Laos Trade	Last	Previous	Highest	Lowest	Unit
Balance of Trade	-163.95	-5.16	41.50	-734.71	USD Million	[+]
Current Account	-22838.00	-160.79	168.56	-22838.00	USD Million	[+]
Current Account to GDP	-7.90	-6.90	1.96	-26.90	percent	[+]
Imports	1577.81	1392.14	1652.80	124.40	USD Million	[+]
Exports	1413.86	1386.98	1438.12	11.50	USD Million	[+]
Gold Reserves	0.90	0.90	8.90	0.30	Tonnes	[+]
Terrorism Index	1.68	1.96	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	113.92	169.25	913.24	8.00	USD Million	[+]

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. This page provides - Laos Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. Laos Current Account to GDP - actual data, historical chart and calendar of releases - was last updated on November of 2019.

	Actual	Previous	Highest	Lowest	Dates	Unit	Frequency
	-7.90	-6.90	1.96	-26.90	1980 - 2018	percent	Yearly

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Country	Last		Previous	Range
Singapore	17.70	Dec/18	16	26.1 : -13.1	%
Netherlands	11.20	Dec/18	10.8	11.2 : -1	%
Switzerland	10.20	Dec/18	6.7	14.8 : -0.6	%
Saudi Arabia	9.20	Dec/18	1.5	28.5 : -21	%
Germany	7.60	Dec/18	8.3	8.6 : -1.8	%
Russia	7.00	Dec/18	2.1	18 : -1.4	%
South Korea	4.70	Dec/18	4.9	10.7 : -10.5	%
Japan	3.50	Dec/18	4	4.7 : -1	%
Euro Area	3.10	Dec/18	3.1	3.2 : -1.5	%
Italy	2.60	Dec/18	2.7	2.9 : -3.7	%
Spain	1.90	Dec/18	2.7	3.2 : -9.6	%
China	0.40	Dec/18	1.3	10.1 : -3.7	%
France	-0.60	Dec/18	-0.6	3.4 : -2.1	%
Brazil	-0.77	Dec/18	-0.35	1.8 : -8.2	%
Australia	-1.50	Dec/18	-3.4	2.3 : -7.3	%
Mexico	-1.80	Dec/18	-1.7	3.4 : -6.1	%
India	-2.30	Dec/18	-1.9	2.3 : -4.8	%
United States	-2.40	Dec/18	-2.3	0.2 : -6	%
Canada	-2.60	Dec/18	-2.8	2.7 : -4.2	%
Indonesia	-3.00	Dec/18	-1.6	4.8 : -6.8	%
Turkey	-3.50	Dec/18	-5.6	1.9 : -8.9	%
South Africa	-3.60	Dec/18	-2.5	6 : -7.5	%
United Kingdom	-4.30	Dec/18	-3.5	2.6 : -5.2	%
Argentina	-5.40	Dec/18	-4.9	8 : -5.4	%