Lao PDR Economic Monitor, May 2011 : Robust Growth amidst Inflationary Concerns

Lao PDR's real Gross Domestic Product (GDP) growth will remain robust in 2011 with projected growth of 8.6 percent compared to 8.4 percent in 2010. Natural resources and manufacturing sectors are expected to drive growth this year. The expecte...

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Main Author:	World Bank
Format:	Report
Language:	English en_US
Published:	World Bank, Vientiane 2017
Subjects:	ATM BALANCE OF PAYMENTS BARRIERS TO ENTRY CHECKS CLEARANCE SYSTEMS COMMODITY PRICES COMPETITIVE DISADVANTAGE CREDIT UNIONS CURRENT ACCOUNT CURRENT ACCOUNT SURPLUS CURRENT ACCOUNT BALANCE CURRENT ACCOUNT DEFICIT DEBT SERVICE PAYMENTS DEBT SERVICES DOMESTIC MARKET DOMESTIC PRICE EXCHANGE RATE POLICY EXPORT EARNINGS EXPORT GROWTH EXPORT PRICE EXPORT VALUE EXPORT VALUECOMMODITY PRICES FOOD EXPORTS FREE TRADE AREA GLOBAL INTEGRATION INTELLECTUAL PROPERTY INTERNATIONAL STANDARDS INVESTMENT INCENTIVES NATIONAL TREATMENT NEIGHBORING COUNTRIES NON-OIL COMMODITIES PARTNER COUNTRIES PAYMENT SYSTEM PAYMENT SYSTEMS PAYMENTS PREFERENTIAL TARIFF PRICES PRIVATE CREDITS REGULATORY FRAMEWORK ROYALTIES SALARY PAYMENTS TRADE AREA TRADE DEFICIT TRADE FACILITATION TRADE FACILITATION ISSUES TRADE INTEGRATION TRADE REFORM TRADE VOLUME WORLD ECONOMY WORLD OUTPUT WORLD TRADE WORLD TRADE ORGANIZATION ZERO TARIFF
Online Access:	http://documents.worldbank.org/curated/en/179001468045025924/Lao-PDR-economic-monitor-robust-growth-amidst-inflationary-concerns http://hdl.handle.net/10986/27247

id	okr-10986-27247
recordtype	oai_dc
spelling	okr-10986-272472021-04-23T14:04:40Z Lao PDR Economic Monitor, May 2011 : Robust Growth amidst Inflationary Concerns World Bank ATM BALANCE OF PAYMENTS BARRIERS TO ENTRY CHECKS CLEARANCE SYSTEMS CLEARANCE SYSTEMS COMMODITY PRICES COMPETITIVE DISADVANTAGE COMPETITIVE DISADVANTAGE CREDIT UNIONS CREDIT UNIONS CURRENT ACCOUNT CURRENT ACCOUNT CURRENT ACCOUNT SURPLUS CURRENT ACCOUNT BALANCE CURRENT ACCOUNT DEFICIT DEBT SERVICE PAYMENTS DEBT SERVICE PAYMENTS DEBT SERVICES DOMESTIC MARKET DOMESTIC MARKET DOMESTIC PRICE DOMESTIC PRICE EXCHANGE RATE POLICY EXCHANGE RATE POLICY EXPORT EARNINGS EXPORT GROWTH EXPORT PRICE EXPORT VALUE EXPORT VALUECOMMODITY PRICES FOOD EXPORTS FOOD EXPORTS FREE TRADE AREA FREE TRADE AREA GLOBAL INTEGRATION GLOBAL INTEGRATION INTELLECTUAL PROPERTY INTELLECTUAL PROPERTY INTERNATIONAL STANDARDS INVESTMENT INCENTIVES NATIONAL TREATMENT NATIONAL TREATMENT NEIGHBORING COUNTRIES NEIGHBORING COUNTRIES NON-OIL COMMODITIES PARTNER COUNTRIES PARTNER COUNTRIES PAYMENT SYSTEM PAYMENT SYSTEMS PAYMENTS PREFERENTIAL TARIFF PRICES PRIVATE CREDITS REGULATORY FRAMEWORK REGULATORY FRAMEWORK ROYALTIES SALARY PAYMENTS SALARY PAYMENTS TRADE AREA TRADE DEFICIT TRADE DEFICIT TRADE FACILITATION TRADE FACILITATION ISSUES TRADE FACILITATION ISSUES TRADE INTEGRATION TRADE REFORM TRADE VOLUME TRADE VOLUME WORLD ECONOMY WORLD ECONOMY WORLD OUTPUT WORLD OUTPUT WORLD TRADE WORLD TRADE ORGANIZATION ZERO TARIFF Lao PDR's real Gross Domestic Product (GDP) growth will remain robust in 2011 with projected growth of 8.6 percent compared to 8.4 percent in 2010. Natural resources and manufacturing sectors are expected to drive growth this year. The expected growth in the garment exports (by about 15-20 percent in this year) follows the European Union (EU) relaxation in raw material sourcing requirement and increased orders by key garment producers. The service sector also shows signs of improvement, particularly in transport, tourism (hotels and restaurants) and retail trading. Agriculture (fishery, livestock and crops) is expected to benefit from the recent increase in regional demand and higher food prices. Out of 8.6 percent growth in 2011, about 3.6 percentage points come from the resource sectors, about 1 percentage point each from manufacturing and agriculture, 0.5 percentage points from construction and 2.5 percentage points from services. Although overall trade balance is expected to improve the current account deficit is expected to widen slightly too about 9.4 percent of GDP in 2011 from about 8.6 percent in 2010 mainly on the account of larger transfers of profits and debt service payments abroad by large resource projects. Thus, resource current account surplus is expected to decrease to 4.8 percent of GDP in this year from about 5.5 percent in 2010. 2017-06-16T16:40:49Z 2017-06-16T16:40:49Z 2011-05 Report http://documents.worldbank.org/curated/en/179001468045025924/Lao-PDR-economic-monitor-robust-growth-amidst-inflationary-concerns http://hdl.handle.net/10986/27247 English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Vientiane Economic & Sector Work :: Economic Updates and Modeling Economic & Sector Work East Asia and Pacific Lao People's Democratic Republic
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English en_US
topic	ATM BALANCE OF PAYMENTS BARRIERS TO ENTRY CHECKS CLEARANCE SYSTEMS CLEARANCE SYSTEMS COMMODITY PRICES COMPETITIVE DISADVANTAGE COMPETITIVE DISADVANTAGE CREDIT UNIONS CREDIT UNIONS CURRENT ACCOUNT CURRENT ACCOUNT CURRENT ACCOUNT SURPLUS CURRENT ACCOUNT BALANCE CURRENT ACCOUNT DEFICIT DEBT SERVICE PAYMENTS DEBT SERVICE PAYMENTS DEBT SERVICES DOMESTIC MARKET DOMESTIC MARKET DOMESTIC PRICE DOMESTIC PRICE EXCHANGE RATE POLICY EXCHANGE RATE POLICY EXPORT EARNINGS EXPORT GROWTH EXPORT PRICE EXPORT VALUE EXPORT VALUECOMMODITY PRICES FOOD EXPORTS FOOD EXPORTS FREE TRADE AREA FREE TRADE AREA GLOBAL INTEGRATION GLOBAL INTEGRATION INTELLECTUAL PROPERTY INTELLECTUAL PROPERTY INTERNATIONAL STANDARDS INVESTMENT INCENTIVES NATIONAL TREATMENT NATIONAL TREATMENT NEIGHBORING COUNTRIES NEIGHBORING COUNTRIES NON-OIL COMMODITIES PARTNER COUNTRIES PARTNER COUNTRIES PAYMENT SYSTEM PAYMENT SYSTEMS PAYMENTS PREFERENTIAL TARIFF PRICES PRIVATE CREDITS REGULATORY FRAMEWORK REGULATORY FRAMEWORK ROYALTIES SALARY PAYMENTS SALARY PAYMENTS TRADE AREA TRADE DEFICIT TRADE DEFICIT TRADE FACILITATION TRADE FACILITATION ISSUES TRADE FACILITATION ISSUES TRADE INTEGRATION TRADE REFORM TRADE VOLUME TRADE VOLUME WORLD ECONOMY WORLD ECONOMY WORLD OUTPUT WORLD OUTPUT WORLD TRADE WORLD TRADE ORGANIZATION ZERO TARIFF
spellingShingle	ATM BALANCE OF PAYMENTS BARRIERS TO ENTRY CHECKS CLEARANCE SYSTEMS CLEARANCE SYSTEMS COMMODITY PRICES COMPETITIVE DISADVANTAGE COMPETITIVE DISADVANTAGE CREDIT UNIONS CREDIT UNIONS CURRENT ACCOUNT CURRENT ACCOUNT CURRENT ACCOUNT SURPLUS CURRENT ACCOUNT BALANCE CURRENT ACCOUNT DEFICIT DEBT SERVICE PAYMENTS DEBT SERVICE PAYMENTS DEBT SERVICES DOMESTIC MARKET DOMESTIC MARKET DOMESTIC PRICE DOMESTIC PRICE EXCHANGE RATE POLICY EXCHANGE RATE POLICY EXPORT EARNINGS EXPORT GROWTH EXPORT PRICE EXPORT VALUE EXPORT VALUECOMMODITY PRICES FOOD EXPORTS FOOD EXPORTS FREE TRADE AREA FREE TRADE AREA GLOBAL INTEGRATION GLOBAL INTEGRATION INTELLECTUAL PROPERTY INTELLECTUAL PROPERTY INTERNATIONAL STANDARDS INVESTMENT INCENTIVES NATIONAL TREATMENT NATIONAL TREATMENT NEIGHBORING COUNTRIES NEIGHBORING COUNTRIES NON-OIL COMMODITIES PARTNER COUNTRIES PARTNER COUNTRIES PAYMENT SYSTEM PAYMENT SYSTEMS PAYMENTS PREFERENTIAL TARIFF PRICES PRIVATE CREDITS REGULATORY FRAMEWORK REGULATORY FRAMEWORK ROYALTIES SALARY PAYMENTS SALARY PAYMENTS TRADE AREA TRADE DEFICIT TRADE DEFICIT TRADE FACILITATION TRADE FACILITATION ISSUES TRADE FACILITATION ISSUES TRADE INTEGRATION TRADE REFORM TRADE VOLUME TRADE VOLUME WORLD ECONOMY WORLD ECONOMY WORLD OUTPUT WORLD OUTPUT WORLD TRADE WORLD TRADE ORGANIZATION ZERO TARIFF World Bank Lao PDR Economic Monitor, May 2011 : Robust Growth amidst Inflationary Concerns
geographic_facet	East Asia and Pacific Lao People's Democratic Republic
description	Lao PDR's real Gross Domestic Product (GDP) growth will remain robust in 2011 with projected growth of 8.6 percent compared to 8.4 percent in 2010. Natural resources and manufacturing sectors are expected to drive growth this year. The expected growth in the garment exports (by about 15-20 percent in this year) follows the European Union (EU) relaxation in raw material sourcing requirement and increased orders by key garment producers. The service sector also shows signs of improvement, particularly in transport, tourism (hotels and restaurants) and retail trading. Agriculture (fishery, livestock and crops) is expected to benefit from the recent increase in regional demand and higher food prices. Out of 8.6 percent growth in 2011, about 3.6 percentage points come from the resource sectors, about 1 percentage point each from manufacturing and agriculture, 0.5 percentage points from construction and 2.5 percentage points from services. Although overall trade balance is expected to improve the current account deficit is expected to widen slightly too about 9.4 percent of GDP in 2011 from about 8.6 percent in 2010 mainly on the account of larger transfers of profits and debt service payments abroad by large resource projects. Thus, resource current account surplus is expected to decrease to 4.8 percent of GDP in this year from about 5.5 percent in 2010.
format	Report
author	World Bank
author_facet	World Bank
author_sort	World Bank
title	Lao PDR Economic Monitor, May 2011 : Robust Growth amidst Inflationary Concerns
title_short	Lao PDR Economic Monitor, May 2011 : Robust Growth amidst Inflationary Concerns
title_full	Lao PDR Economic Monitor, May 2011 : Robust Growth amidst Inflationary Concerns
title_fullStr	Lao PDR Economic Monitor, May 2011 : Robust Growth amidst Inflationary Concerns
title_full_unstemmed	Lao PDR Economic Monitor, May 2011 : Robust Growth amidst Inflationary Concerns
title_sort	lao pdr economic monitor, may 2011 : robust growth amidst inflationary concerns
publisher	World Bank, Vientiane
publishDate	2017
url	http://documents.worldbank.org/curated/en/179001468045025924/Lao-PDR-economic-monitor-robust-growth-amidst-inflationary-concerns http://hdl.handle.net/10986/27247
_version_	1764463728416260096

Lao PDR Economic Monitor, May 2011 : Robust Growth amidst Inflationary Concerns

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