Lao People's Democratic Republic: Recent Economic Developments
July 8, 1996
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This paper reviews economic developments in Lao People’s Democratic Republic (PDR) during 1992–95. To highlight in more detail the factors that contributed to Lao PDRs macroeconomic performance during 1992–95, the paper analyzes the developments in macroeconomic variables and policy actions. It also notes that real GDP growth, averaging about 7 percent during 1992–95, was attributable to a rapid expansion of manufacturing, construction, and tourism, as well as strong growth in agriculture in 1992 and 1994.
Subject: Agroindustries, Banking, Budget planning and preparation, Commercial banks, Economic sectors, Exports, Financial institutions, Imports, International trade, Monetary base, Public financial management (PFM)
Keywords: Agroindustries, banking system, broad money, Budget planning and preparation, capital expenditure, central bank, Commercial banks, CR, East Asia, exchange rate, Exports, foreign direct investment, Imports, ISCR, land tax, Lao authorities, Lao P.D.R., real GDP, U.S. dollar
Pages:
109
Volume:
1996
DOI:
Issue:
054
Series:
Country Report No. 1996/054
Stock No:
1LAOEA0011996
ISBN:
9781451822397
ISSN:
1934-7685
