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Laos

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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]

Index of Economic Freedom

138[2]

Corruption Perceptions Index

158[3]

Doing Business ranking

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 characteristicsEdit

  • 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]


StatisticsEdit

Statistic / Year 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008
GDP (million USD)[5] 1 454 1 735 1 769 1 830 2 149 2 508 2 728 3 556 4 304 5 543
Govt. debt (% of GDP)[6]
Govt. revenue (% of GDP)[7] 12.976
Govt. expenses (% of GDP)[8] 10.308
Debt to revenue (years)

ReferencesEdit

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. 1.0 1.1 1.2 1.3 1.4 1.5 1.6 1.7 1.8 CIA - The World Facebook. "Laos", from The World Facebook. Referenced 2010-09-30.
  2. 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.
  3. 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.
  4. 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.
  5. World Bank. "Laos: GDP", from World Bank Data. Referenced 2010-09-30.
  6. World Bank. "Laos: government debt", from World Bank Data. Referenced 2010-09-30.
  7. World Bank. "Laos: government revenue", from World Bank Data. Referenced 2010-09-30.
  8. World Bank. "Laos: government expenses", from World Bank Data. Referenced 2010-09-30.

External linksEdit

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