Current Account Balance (As % of GDP) rose to -12.3% in Laos in 2019

Current Account Balance (As % of GDP) (%)
Economy | Laos | January 1, 2020
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Excel Sheet

Current account balance as a share of GDP reached -12.3 % in 2019 in Laos, according to the National Statistical Office. This is 11.6 % less than in the previous year.

Historically, current account balance as a share of GDP in Laos reached an all time high of 0.062 % in 1999 and an all time low of -13.9 % in 2018. When compared to Laos's main peers, current account balance as a share of GDP in Cambodia amounted to -10.6 %, 0.695 % in China, 8.11 % in Thailand and 1.96 % in Vietnam in 2019.

Laos has been ranked 156th within the group of 172 countries we follow in terms of current account balance as a share of GDP, 91 places behind the position seen 10 years ago.

The current account is one of the two primary components of the balance of payments, the other being the capital account.

Current Account Balance (As % of GDP) Unit 2015 2016 2017 2018 2019 2020 2021 2022 2023
Cambodia % -0.079% -10.8% -10.6% -9.90% -8.80%
China % 0.013% 0.725% 0.695% 0.694% 0.483%
India % -0.014% -2.99% -2.50% -2.43% -2.39%
Japan % 0.040% 3.62% 3.76% 4.10% 4.23%
Laos % -0.071% -13.9% -12.3% -11.3% -8.56%
Malaysia % 0.030% 2.90% 2.31% 2.14% 1.91%
Myanmar % -0.067% -5.30% -5.74% -5.87% -5.94%
Russia % 0.021% 6.16% 5.19% 4.29% 3.99%
Thailand % 0.110% 9.15% 8.11% 6.88% 5.94%
USA % -0.023% -2.51% -3.04% -3.18% -3.33%
Vietnam % 0.027% 2.16% 1.96% 1.70% 1.58%