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Laos

Southeast Asia

Laos

General matters 


  • Name: Lao People's Democratic Republic

  • Capital: Vientiane (approximately 948 million, Laos National Statistical Office)

  • Population: 7.48 million (2022, IMF estimate)

  • Area: 236,000㎢ (about 1.1 times the size of the Korean Peninsula)

  • Language: Rao, intonation, similar to Thai (6 for Rao, 5 for Thai)

  • Religion: Buddhism (69%), native faith (28%), Christianity (1.5%), etc

  • Climate: Tropical Monsoon

  • - Time difference: 2 hours later than us

Politics 


  • Form of Government: People's Democratic Republic

  • a key figure

  • President: Tongloun Sisoulith

  • Prime Minister: Sonexay Siphandone

  • Vice-President: Pany Yathotou, Bounthong Chitmany

  • Speaker of the National Assembly: Psysomphone Pomvihane (Xaysomphone Phomvihane)

  • Deputy Prime Minister and Foreign Minister: Salumxay Kommasith

  • Composition of Parliament: Unit System

  • National Assembly: 164 seats (5 years term)

  • Major political party: Lao People's Revolutionary Party (the only political party)

Economy


  • GDP: $15.3 billion (2022, IMF estimate)

  • GDP per capita: $2047 (2022, IMF estimates)

  • Economic growth rate: 2.3% (2022, IMF estimate)

  • Trade: Trade value: $18.3 billion (2022, IMF estimate)

  • Export amount: $9.51 billion

  • Revenue: $8.79 billion

  • Inflation: 23% (2022, IMF estimate)

  • Unemployment rate: 1.0% (2020, World Bank)

  • - Exchange rate: $1 = 14,035 kips (2022, World Bank)

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