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The government of Laos, one of the few remaining one-party Communist states, began decentralizing control and encouraging private enterprise in 1986. The results, starting from an extremely low base, were striking - growth averaged 6% per year from 1988-2008 except during the short-lived drop caused by the Asian financial crisis that began in 1997. Despite this high growth rate, Laos remains a country with an underdeveloped infrastructure, particularly in rural areas. It has a rudimentary, but improving, road system, and limited external and internal telecommunications. Electricity is available in urban areas and...  More..

Economy of Laos
SOURCE: CIA - The World Factbook
Currency Lak
Fiscal Year 01 October - 30 September
GDP (PPP) $15.07 billion (2009 est.)
GDP (per capita) $2,100 (2009 est.)
Exports $1.273 billion (2009 est.)
Imports $2.034 billion (2009 est.)
Main Industries Copper, Tin, Gold, and Gypsum Mining; Timber, Electric Power, Agricultural Processing, Construction, Garments, Cement, Tourism
Exports - Commodities Wood Products, Coffee, Electricity, Tin, Copper, Gold
Imports - Commodities Machinery and Equipment, Vehicles, Fuel, Consumer Goods
Exports Partners Thailand 35.4%, Vietnam 15.5%, China 8.5% (2008)
Imports Partners Thailand 68.3%, China 10.4%, Vietnam 5.8% (2008)

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