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Laos Country profile

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April 2019

Laos lags most of developing and emerging Asia on per capita income, creditworthiness and business climate.  The landlocked country has significant natural resources, which have supported robust growth over much of the last decade—a period in which the commodity cycle was in a strong upswing. But softer commodity prices and excessive credit growth pose risks to the outlook.

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This chart is a cobweb diagram showing how a country measures up on four important dimensions of economic performance—per capita income, annual GDP growth, business climate and creditworthiness. Per capita income is in current US dollars between 2018 and 2023 as provided by the IMF. Annual GDP growth is the average between 2018 and 2023. Business climate is measured by the World Bank’s Ease of Doing Business ranking of 190 countries. Creditworthiness attempts to measure a country's ability to honour its external debt obligations and is measured by its OECD country credit risk rating. The chart shows not only how a country performs on the four dimensions, but how it measures up against other comparable countries.