Transcribed
Lao People's Republic : Selected Economic Indicators (%), GDP Growth
3.25.1 Selected economic indicators (%) 2013 2014 GDP growth 7.7 7.7 Inflation 5.5 5.0 Current account balance -21.5 -23.6 (share of GDP) Source: ADB estimates. 3.25.6 GDP growth 5-year moving average 5_ 4_ 2008 2009 2010 2011 2012 2013 2014 Forecast Sources: Asian Development Outlook database; ADB estimates. 3.25.1 Selected economic indicators (%) 2013 2014 GDP growth 7.7 7.7 Inflation 5.5 5.0 Current account balance -21.5 -23.6 (share of GDP) Source: ADB estimates. 3.25.6 GDP growth 5-year moving average 5_ 4_ 2008 2009 2010 2011 2012 2013 2014 Forecast Sources: Asian Development Outlook database; ADB estimates.
Lao People's Republic : Selected Economic Indicators (%), GDP Growth
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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).
Sub...
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
Source
http://www.a...df/LAO.pdfCategory
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