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Laos Economic Structrues

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Tips:Economic StructruesAgricultureAgriculture, mostly subsistence rice farming, dominates the economy, employing an estimate
 Economic Structrues
Agriculture
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.
Tourism:
Tourism is the fastest growing industry in the economy and plays a vital role in the Lao economy. The government opened Laos to the world in the 1990s, and continues to be a popular destination amongst tourists.  The major tourist destination is the world heritage site and ancient capital of 
Luang Prabang.   
Sub-Sector Best Prospects   
The government is promoting Laos as a tourist destination through the program “Lao 
Visit 2012”. Eco-tourism featuring the undeveloped Lao countryside is gaining in 
popularity.
Architecture, Construction and Engineering Services
Laos has a severely underdeveloped infrastructure, including its road networks, and its 
public water and electricity systems. Transportation projects will be high demand as the 
country modernizes.  There are also several large construction projects ongoing in the 
capital of Vientiane, including office buildings and shopping malls.  
Sub-Sector Best Prospects    
Chinese, Vietnamese and Thai companies are the most active participants in 
infrastructure development in Laos.  The Lao government makes use of donor funding, 
development banks and other financing methods to pay for infrastructure projects.   Laos 
is undergoing development of its airport and aviation system, including provincial 
airports.   
Laos is seeking to modernize and integrate its electrical grid in the next decade as it 
seeks to meet its goal of supplying Thailand and Vietnam with electricity exports, while 
at the same time providing electricity to 90 percent of the population by 2020.  To do this 
it will need to invest in modern power distribution and power management equipment 
and expertise.   
Pharmaceuticals, Medical Supplies and Medical Equipment  
The health care system in Laos is very basic but developing.  Maternal and child health 
is an important priority for the GOL as it seeks to graduate from Least Developed 
Country status by 2020.   The Ministry of Health controls the import of medical 
equipment, supplies and pharmaceuticals.  
Sub-Sector Best Prospects     
Refurbished medical equipment and low-cost pharmaceuticals
 
 


Keyword: Laos Economic Structrues

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