Laos Economy
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Laos Travel Guide - Laos EconomyThe economy of the Lao Peoples' Democratic Republic is rapidly growing, as the government began to decentralise control and encourage private enterprise in 1986. It opened a stock exchange in 2011, and has become a rising regional player in its role as a hydroelectric power supplier to neighbors such as China, Vietnam and Thailand, although the country remains one of the poorest countries in South-East Asia. A landlocked country, it has inadequate infrastructure and a largely unskilled work force. The country's per capita income in 2009 was estimated to be $2,700 on a purchasing power parity-basis. Agriculture, mostly subsistence rice farming, dominates the economy, employing an estimated 85% of the population and producing 51% of GDP. Domestic savings are low, forcing Laos to rely heavily on foreign assistance and concessional loans as investment sources for economic development. Agricultural products include sweet potatoes, vegetables, corn, coffee, sugarcane, tobacco, cotton, tea, peanuts, rice; water buffalo, pigs, cattle, poultry. In FY 1999, for example, foreign grants and loans accounted for more than 20% of GDP and more than 75% of public investment. LAOS HOTELS AND LAOS TRAVEL GUIDE Get FREE Travel Brochures Now! |
Air Travel Tips for FamiliesAre you interested in taking a family vacation soon? If you are, you may be looking for some guidance, especially if you and your family will be required to travel by airplane. As stressful as it can sometimes be planning a trip and flying with a family, especially one that is large in size, there are a number of steps that can be taken to ensure that everyone has a fun and pleasant time. More travel tips at Air Travel Tips for Families
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