Laos
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Laos
Issuer
Abbreviation
Phone
Location
Capital
Official languages
Population
Currency
ISO 4217
Vientiane
Laos
Lao
7,633,779
LAK
Laotian Kip
Delivery
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Certificate of incorporation
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Articles of association
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Meeting minutes
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Company stamp
Document checklist:
<Economy>
"The Lao People’s Democratic Republic has seen steady economic growth over the past decade. According to the World Bank, the country’s GDP grew by an average of 7.2% between 2010 and 2019. This growth was largely driven by the country’s strong agricultural sector, which accounted for around 25% of GDP in 2019. The country’s manufacturing sector has also seen significant growth, with exports of manufactured goods increasing by an average of 8.3% per year between 2010 and 2019.
The Lao People’s Democratic Republic has also seen a steady increase in foreign direct investment (FDI) over the past decade. According to the United Nations Conference on Trade and Development, FDI inflows to the country increased from $1.2 billion in 2010 to $2.3 billion in 2019. This increase in FDI has helped to drive economic growth and create jobs in the country.
The Lao People’s Democratic Republic has also seen an increase in its tourism sector over the past decade. According to the World Tourism Organization, the number of international tourist arrivals to the country increased from 1.2 million in 2010 to 2.7 million in 2019. This increase in tourism has helped to boost the country’s economy and create jobs in the tourism sector.
Overall, the Lao People’s Democratic Republic has seen steady economic growth over the past decade, driven by strong agricultural and manufacturing sectors, increased FDI, and increased tourism."