Lao PDR Economic Monitor, May 2011 : Robust Growth amidst Inflationary Concerns

Autor: World Bank
Jazyk: angličtina
Rok vydání: 2011
Předmět:
CLEARANCE SYSTEMS
NEIGHBORING COUNTRIES
ROYALTIES
TRADE AREA
DEBT SERVICES
EXPORT VALUECOMMODITY PRICES
TRADE FACILITATION ISSUES
WORLD TRADE
FREE TRADE AREA
DOMESTIC PRICE
SALARY PAYMENTS
COMPETITIVE DISADVANTAGE
TRADE REFORM
DOMESTIC MARKET
FOOD EXPORTS
GLOBAL INTEGRATION
CREDIT UNIONS
EXPORT GROWTH
INTERNATIONAL STANDARDS
INVESTMENT INCENTIVES
BARRIERS TO ENTRY
CURRENT ACCOUNT BALANCE
NATIONAL TREATMENT
TRADE FACILITATION
NON-OIL COMMODITIES
REGULATORY FRAMEWORK
WORLD OUTPUT
EXCHANGE RATE POLICY
INTELLECTUAL PROPERTY
CURRENT ACCOUNT
WORLD TRADE ORGANIZATION
PAYMENT SYSTEM
PAYMENT SYSTEMS
BALANCE OF PAYMENTS
DEBT SERVICE PAYMENTS
COMMODITY PRICES
CURRENT ACCOUNT SURPLUS
EXPORT EARNINGS
PREFERENTIAL TARIFF
PRICES
TRADE DEFICIT
TRADE VOLUME
ZERO TARIFF
WORLD ECONOMY
PARTNER COUNTRIES
TRADE INTEGRATION
PRIVATE CREDITS
EXPORT VALUE
EXPORT PRICE
ATM
CHECKS
PAYMENTS
CURRENT ACCOUNT DEFICIT
Popis: Lao PDR's real Gross Domestic Product (GDP) growth will remain robust in 2011 with projected growth of 8.6 percent compared to 8.4 percent in 2010. Natural resources and manufacturing sectors are expected to drive growth this year. The expected growth in the garment exports (by about 15-20 percent in this year) follows the European Union (EU) relaxation in raw material sourcing requirement and increased orders by key garment producers. The service sector also shows signs of improvement, particularly in transport, tourism (hotels and restaurants) and retail trading. Agriculture (fishery, livestock and crops) is expected to benefit from the recent increase in regional demand and higher food prices. Out of 8.6 percent growth in 2011, about 3.6 percentage points come from the resource sectors, about 1 percentage point each from manufacturing and agriculture, 0.5 percentage points from construction and 2.5 percentage points from services. Although overall trade balance is expected to improve the current account deficit is expected to widen slightly too about 9.4 percent of GDP in 2011 from about 8.6 percent in 2010 mainly on the account of larger transfers of profits and debt service payments abroad by large resource projects. Thus, resource current account surplus is expected to decrease to 4.8 percent of GDP in this year from about 5.5 percent in 2010.
Databáze: OpenAIRE
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