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- Kinglomg Legal & Tax Service
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Invest Laos
Laos, officially the Lao People's Democratic Republic, is a landlocked country in Southeast Asia. The main belief of local people in Laos is Buddhism.
Economy
GDP growth averaged 7.8 percent over the last decade, with income per capita reaching $2,270 in 2017. Notwithstanding the flooding-related disasters of mid-2018, economic growth is expected to remain robust in 2018, at 6.7 percent. Growth in the first half of 2018 was driven primarily by buoyant growth in the power, construction and manufacturing (electronic parts) sectors. In contrast, despite higher metal prices in the first half of 2018, output in the mining sector declined. Supported by increased power generation, growing opportunities in the non-resource sectors from closer regional integration, and reforms to improve the business environment, growth is expected to pick up in 2019-2020. (Source: The World Bank)
Economy
GDP growth averaged 7.8 percent over the last decade, with income per capita reaching $2,270 in 2017. Notwithstanding the flooding-related disasters of mid-2018, economic growth is expected to remain robust in 2018, at 6.7 percent. Growth in the first half of 2018 was driven primarily by buoyant growth in the power, construction and manufacturing (electronic parts) sectors. In contrast, despite higher metal prices in the first half of 2018, output in the mining sector declined. Supported by increased power generation, growing opportunities in the non-resource sectors from closer regional integration, and reforms to improve the business environment, growth is expected to pick up in 2019-2020. (Source: The World Bank)
Kinglomg Legal & Tax Service
Address: Ban Khamhoung No.2, Xaythany District, Vientiane Capital, Lao PDR.
Tel：+856 20 5555 9902；+856 20 9168 2239；+856 20 9888 0668
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