The outlook is for further solid growth during the forecast period,
just below 8% growth target in the government’s Seventh National
Socioeconomic Development Plan, 2011–2015 (Figure 3.25.6).
stantial investment flowing into hydropower and mining, coupled
with the construction of hotels, offices, and housing, will drive GDP growth. In addition to the large Hongsa lignite power plant, which is
about 40% completed, work has started on the $3.5 billion Xayaburi
dam and hydropower project, scheduled for commissioning in 2018 with
capacity to generate 1.3 gigawatts of electricity. Five smaller hydropower
projects are under development. Some new commercial–residential
projects in the capital involve investments of several hundred million
dollars, largely funded by foreign investment.
The hydropower plants brought on line last year will contribute to
an expected 12% increase in power generation in 2013. Gold and silver
production is expected to increase, but copper output is likely to be little
changed. The mining and processing of potash for fertilizer is an expanding
industry, with one project starting last year and another scheduled to
produce fertilizer this year. Coal production is expected to rise.
Agriculture, which employs more than 60% of the workforce, is
expected to grow at a slightly faster pace in 2013 as rice production
recovers and animal husbandry continues to expand. Logging will be
constrained again by quotas.
Tourist arrivals are projected to rise by 5%–10% in 2013. Other
service industries likely to maintain good growth include financial
services, wholesale and retailing, and transport and communications.
Manufacturing industries will benefit from the government’s promotion
of food and beverage processing, cement production, and garments,
which aims to reduce imports of these products.
Source : ADB estimates : ASIAN DEVELOPMENT BANK (Lao People's Republic Economic Data) http://www.adb.org/sites/default/files/ki/2012/pdf/LAO.pdf
Never miss a thing with our weekly newsletter. We'll send you the latest and greatest infographics, news and all things Visually.
Go ahead, you can always opt out anytime with just one click.
Switch to Wordpress Code
Click below to copy
Get Notified of New Infographics
Thank you for subscribing to the Visually newsletter.
Just one last thing: we've sent you an email asking you to confirm your subscription.
Tell your story visually before December 31st and get a free iPad Air!*
The holidays are a great time to tell your brand story. From Black Friday trends and Mobile Shopping guides to the Best and Worst Times to Book Travel and Thanksgiving etiquette, the Visually team will help you craft your brand's unique stories and raise your social profile during the noisy holiday season.