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:Laos Government

Flag:
three horizontal bands of red (top), blue (double width), and red with a
large white disk centered in the blue band

:Laos Economy

Overview:
One of the world's poorest nations, Laos has had a Communist centrally
planned economy with government ownership and control of productive
enterprises of any size. In recent years, however, the government has been
decentralizing control and encouraging private enterprise. Laos is a
landlocked country with a primitive infrastructure; that is, it has no
railroads, a rudimentary road system, limited external and internal
telecommunications, and electricity available in only a limited area.
Subsistence agriculture is the main occupation, accounting for over 60% of
GDP and providing about 85-90% of total employment. The predominant crop is
rice. For the foreseeable future the economy will continue to depend for its
survival on foreign aid from the IMF and other international sources; aid
from the former USSR and Eastern Europe has been cut sharply.
GDP:
exchange rate conversion - $800 million, per capita $200; real growth rate
4% (1991)
Inflation rate (consumer prices):
10.4% (December 1991)
Unemployment rate:
21% (1989 est.)
Budget:
revenues $83 million; expenditures $188.5 million, including capital
expenditures of $94 million (1990 est.)
Exports:
$72 million (f.o.b., 1990 est.)
commodities:
electricity, wood products, coffee, tin
partners:
Thailand, Malaysia, Vietnam, USSR, US, China
Imports:
$238 million (c.i.f., 1990 est.)
commodities:
food, fuel oil, consumer goods, manufactures
partners:
Thailand, USSR, Japan, France, Vietnam, China
External debt:
$1.1 billion (1990 est.)
Industrial production:
growth rate 12% (1991 est.); accounts for about 18% of GDP (1991 est.)
Electricity:
226,000 kW capacity; 1,100 million kWh produced, 270 kWh per capita (1991)
Industries:
tin and gypsum mining, timber, electric power, agricultural processing,
construction
Agriculture:
accounts for 60% of GDP and employs most of the work force; subsistence
farming predominates; normally self-sufficient in nondrought years;
principal crops - rice (80% of cultivated land), sweet potatoes, vegetables,
corn, coffee, sugarcane, cotton; livestock - buffaloes, hogs, cattle,