REPUBLIC OF

LAOS


Flag

Laos Flag

Coat of Arms

Emblem_of_Laos

Location

laos-Map

President Bounnhang Vorachith

Laos Bounnhang Vorachith
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Capital
»Vientiane

Official Language
»Lao

Demonym
»Laotian, Lao

Government
»Marxist-Leninist single-party state

Area
»236,800 km2 (84th)

Population
»6,803,699  (104th)

GDP (PPP)
»US$20.78 billion
» Per capita -US$3,100

GDP (nominal)
»US$20.78 billion
» Per capita -US$1,646

Currency
»Kip (LAK)

Time Zone
»ICT

Laos  is a landlocked country in Southeast Asia, bordered by Burma and the People’s Republic of China to the northwest, Vietnam to the east, Cambodia to the south, and Thailand to the west.

Patuxai

Since 1975, it has been ruled by a Marxist and communist government. Its population was estimated to be around 6.8 million in July 2014.

Laos Images 1

Laos traces its history to the kingdom of Lan Xang, which existed from the 14th to the 18th century when it split into three kingdoms. In 1893, it became a French protectorate, with the three kingdoms — Luang Phrabang, Vientiane and Champasak — uniting to form what is now known as Laos. It briefly gained independence in 1945 after Japanese occupation  but returned to French rule until it was granted autonomy in 1949. Laos became independent in 1953, with a constitutional monarchy under Sisavang Vong. Shortly after independence, a long civil war ended the monarchy when the Communist Pathet Lao movement came to power in 1975.

The Lao economy depends heavily on investment and trade with its neighbours, Thailand, Vietnam, and, especially in the north, China. Pakxe has also experienced growth based on cross-border trade with Thailand and Vietnam. In 2009, despite the fact that the government is still officially communist, the Obama administration in the US declared Laos was no longer a Marxist–Leninist state and lifted bans on Laotian companies receiving financing from the US Export-Import Bank. In 2011, the Lao Securities Exchange began trading. In 2012, the government initiated the creation of the Laos Trade Portal, a website incorporating all information traders need to import and export goods into the country.

Subsistence agriculture still accounts for half of the GDP and provides 80% of employment. Only 4.01% of the country is arable land, and a mere 0.34% used as permanent crop land, the lowest percentage in the Greater Mekong Subregion. Rice dominates agriculture, with about 80% of the arable land area used for growing rice.Approximately 77% of Lao farm households are self-sufficient in rice.

Through the development, release and widespread adoption of improved rice varieties, and through economic reforms, production has increased by an annual rate of 5% between 1990 and 2005, and Lao PDR achieved a net balance of rice imports and exports for the first time in 1999. Lao PDR may have the greatest number of rice varieties in the Greater Mekong Subregion. Since 1995 the Lao government has been working with the International Rice Research Institute of the Philippines to collect seed samples of each of the thousands of rice varieties found in Laos.

Top 5 Products exported by Laos

  1. Refined Copper (29%),
  2. Copper Ore (21%),
  3. Rough Wood (6.2%),
  4. Non-Knit Men’s Suits (4.2%),
  5. Sawn Wood (3.8%)

Top 5 Export destinations of Laos

  1. China (35%),
  2. Thailand (31%),
  3. India (6.3%),
  4. Japan (5.6%),
  5. United Kingdom (4.8%)

Top 5 Products imported by Laos

  1. Cars (4.4%),
  2. Planes, Helicopters, and/or Spacecraft (4.0%),
  3. Delivery Trucks (3.8%),
  4. Refined Petroleum (2.8%),
  5. Iron Structures (2.4%)

Top 5 Import origins of Laos Thailand

  1. Thailand (48%),
  2. China (25%),
  3. Vietnam (6.9%),
  4. South Korea (4.6%),
  5. Germany(4.2%)

The tourism sector has grown rapidly, from 80,000 international visitors in 1990 to 1.876 million in 2010. Tourism is expected to contribute US$679.1 million to gross national product in 2010, rising to US$1.5857 billion by 2020. In 2010, one in every 10.9 jobs was in the tourism sector. Export earnings from international visitors and tourism goods are expected to generate 15.5% of total exports or US$270.3 million in 2010, growing in nominal terms to US$484.2 million (12.5% of total) in 2020.

The official tourism slogan is “Simply Beautiful”. The main attractions for tourists include Buddhist culture and colonial architecture in Luang Prabang; gastronomy and ancient temples in the capital of Vientiane; backpacking in Muang Ngoi Neua and Vang Vieng; ancient and modern culture and history in The Plain of Jars region Laos Civil War history in Sam Neua; trekking and visiting hill tribes in a number of areas including Phongsaly and Luang Namtha; spotting tigers and other wildlife in Nam Et-Phou Louey; caves and waterfalls near Thakhek; relaxation, the Irrawaddy dolphin and Khone Phapheng Falls at Si Phan Don or, as they are known in English, the Four Thousand Islands; Wat Phu, an ancient Khmer temple complex; and the Bolaven Plateau for waterfalls and coffee. The European Council on Trade and Tourism awarded the country the “World Best Tourist Destination” designation for 2013 for this combination of architecture and history.

Laos Hotel laosmar

To See
  • The key attraction of Laos is its undoubted status as the least Westernised, the most relaxed and thereby the most authentic of all Indochinese nations.
  • How much longer this will last is open to much speculation, but while it does this is a truly special and unique country to visit.
  • This latest of Laos tourism videos, sanctioned by the Ministry of Information, Culture, and Tourism, will give you a glimpse of Laos. Their official slogan is: Laos, Simply Beautiful:


Links

TOURISM

Laos tourism1

EXPORT

Laos Chamber

INVEST

Laos Investment

SPONSOR

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