Laos
| Country summary | |
|---|---|
|
Capital |
Vientiane (Viangchan) |
|
Borders |
Burma 235 km, Cambodia 541 km, China 423 km, Thailand 1,754 km, Vietnam 2,130 km |
|
Government type |
Communist state |
|
Population |
6,834,345 (July 2010 est.)[1] |
|
Population growth |
2.32% (2010 est.)[1] |
|
Life expectancy |
56.57 years[1] |
|
Unemployment |
2.5% (2009 est.)[1] |
|
138[2] | |
|
158[3] | |
|
167[4] | |
Modern-day Laos has its roots in the ancient Lao kingdom of Lan Xang, established in the 14th Century under King FA NGUM. For 300 years Lan Xang had influence reaching into present-day Cambodia and Thailand, as well as over all of what is now Laos. After centuries of gradual decline, Laos came under the domination of Siam (Thailand) from the late 18th century until the late 19th century when it became part of French Indochina. The Franco-Siamese Treaty of 1907 defined the current Lao border with Thailand. In 1975, the Communist Pathet Lao took control of the government ending a six-century-old monarchy and instituting a strict socialist regime closely aligned to Vietnam. A gradual return to private enterprise and the liberalization of foreign investment laws began in 1988. Laos became a member of ASEAN in 1997.[1]
Economical characteristics
- Currency: Kip (ISO code: LAK)
- Central bank discount rate: 4% (31 December 2009)[1]
- Commercial banks lending rate: 11% (30 November 2009)[1]
- Stock of money (M1): $691.1 million (31 December 2009)[1]
- Quasi money (with M1 makes M2): $1.08 billion (31 December 2009)[1]
Notable events:
- Banking crisis: early 1990s[5]
Statistics
| Statistic / Year | 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 |
|---|---|---|---|---|---|---|---|---|---|---|
| GDP (million USD)[6] | 1 454 | 1 735 | 1 769 | 1 830 | 2 149 | 2 508 | 2 728 | 3 556 | 4 304 | 5 543 |
| Govt. debt (% of GDP)[7] | ||||||||||
| Govt. revenue (% of GDP)[8] | 12.976 | |||||||||
| Govt. expenses (% of GDP)[9] | 10.308 | |||||||||
| Debt to revenue (years) |
References
Note: statistical data was rounded. Different sources may use different methodologies for their estimates. Debt to revenue is calculated by dividing the two variables from their original ('unrounded') values. It represents how long it would a government take to repay its entire debt if it used its whole revenue for this purpose.
- ↑ 1.0 1.1 1.2 1.3 1.4 1.5 1.6 1.7 1.8 CIA - The World Factbook. "Laos", from The World Factbook. Referenced 2010-09-30.
- ↑ Heritage Foundation. "Laos", Economic Freedom Score. A lower ranking is better; but please be careful when comparing between different countries or years. Referenced 2010-09-30.
- ↑ Transparency International. "Laos", Corruption Perceptions Index 2009. A lower ranking is better; but please note that the numbers cannot be compared between countries or years due to different methodology. Referenced 2010-09-30.
- ↑ Doing Business. "Laos", Doing Business 2010 (part of The World Bank Group). A lower ranking is better; but please be careful when comparing between different countries or years. Referenced 2010-09-30.
- ↑ Carmen M. Reinhart and Kenneth S. Rogoff. "This Time is Different", Princeton University Press, ISBN 978-0-691-14216-6, p. 372. (The list does not claim to be complete.) Referenced 2011-07-20.
- ↑ World Bank. "Laos: GDP", from World Bank Data. Referenced 2010-09-30.
- ↑ World Bank. "Laos: government debt", from World Bank Data. Referenced 2010-09-30.
- ↑ World Bank. "Laos: government revenue", from World Bank Data. Referenced 2010-09-30.
- ↑ World Bank. "Laos: government expenses", from World Bank Data. Referenced 2010-09-30.
Links
- Laos on Wikipedia
- Central bank of Laos
- Studies from the Library of Congress (1986-1998)
- BBC country profile
- Country profile (pdf) from the Enterprise Studies page (part of the The World Bank Group)
