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Lao PDR

by Asian Development Bank

Published date: 2017

Pages: 190

ISBN: 9292579940

Publisher: Asian Development Bank

AI-compatible: Not available

Category: Ekonomi & Utveckling

About this book - Lao PDR

The Lao People's Democratic Republic (Lao PDR) has shown remarkable progress by consistently building itself into a market-oriented economy, with economic growth in 1986-2016 averaging around 6.5% per annum. The rapid and sustained growth brought about changes in the structure of output, but did not alter job composition: resource-based products still dominate in industry, low value-added jobs in services, and 65% of the labor force in agriculture. This country diagnostic study provides comprehensive analysis and identifies promising new drivers of growth which the Lao PDR can develop to diversify its production structure and speed up structural transformation.

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