The Lao Economy is projected to grow at 8 percent in 2013. The hydropower sector (both completed projects in operation and projects in the construction/development phase), construction, food processing and service sectors remain the major contributors to this growth. In early 2013, Lao PDR’s successful accession to the World Trade Organization (WTO) was an important step towards the establishment of a rules-based system of economic governance and necessary, part of efforts to diversify away from the resource sectors. Through medium-term growth projections remain optimistic, regional and global uncertainties may affect Lao PDR’s ability to comfortably absorb macroeconomic shocks. 

Have you found this information useful ?
Please share your feedback below and help us improve our content.