Pasalao

Mining and hydropower development and private consumption spending continue to underpin economic growth in the Lao People's Democratic Republic (Lao PDR). Eight new hydropower projects and the $3.7 billion Hongsa lignite thermal power project are under construction. Mining output increased in the first half of 2013 from a year earlier. Tourism continued to grow, with tourist arrivals increasing by 15% to 998,000 in the first quarter

However, bad weather has hurt agriculture, particularly rice production, and some property developments funded by investors from the People's Republic of China and Viet Nam have been delayed, apparently by slowdowns in those economies.

The government sharply increased its budget deficit projection for Fiscal Year 2013 (ended 30 September 2013) from 3% of gross domestic product (GDP) to 6% to cover domestic debt repayment and salary increases for government employees. Also, revenue has been below target. Taking these factors into account, the forecast for GDP growth in 2013 is pared to 7.6%. The forecast for 2014 is retained at 7.7%.

ເຊີນອ່ານຕື່ມຢູ່:

http://www.adb.org/countries/lao-pdr/economy