2 Since 1995, data on international tourists have been collected only from embarkation / disembarkation cards of the immigration department. This dataset displays under indicators of poverty, namely density, % urban population, poverty headcount, poverty gap, poverty severity, access to sanitation, water, electricity, telephone of Laos at provincial administrative level. ECONOMIC DATA. The pov-erty rate (measured as $3.2 a day, 2011 PPP) is expected to increase by at least 1.7 percentage points in 2020, as compared with a non-COVID-19 scenario. 236 800 km². It's been 45 years since thousands of Southeast Asian refugees settled in the United States, yet, as a group, they continue to face major . Get in touch with us now. Nevertheless, the provinces . With continued work, the poverty rate in Laos should continue to go down. The ASEAN Statistical Yearbook 2020 covers data for the period of 2010-2019 comprising of sections on ASEAN population, education, health, Agricultural: 16.51 %: Industry: 33.26 %: Services: 39.56 %: Taxes on Products and Laos Open SDG Data Platform : The third National Economic Census 2020: National Summary Data Page: LaoInfo: Lao Decide Info: Gross Domestic Product GDP 2020. This data is based on population and housing census 2015. The country's total water area, summing up all inland waters: lakes, rivers, reservoirs, wetlands, etc. Lao PDR has been successful in reducing absolute poverty, based on the national poverty lines, from 33.5% in 2003 to 23.2% in 2013 and further to 18.6% in 2019. The population of Laos is currently growing at a rate of 2% per year. The Basic Statistics brochure presents data on selected social, economic, and SDG indicators such as population, poverty, annual growth rate of gross domestic product, inflation, and government finance for economies in Asia and the Pacific. One in three children is poor compared with one in six adults. The Asian Development Outlook (ADO) 2020 Update forecasts gross domestic product (GDP) to contract by 2.5% for Lao PDR this year—marking its first negative economic growth since 1986 and 1987, compared to -0.5% for the projection in ADO 2020 Supplement in June. The Plan is regarded as a measure for achieving socio-economic development, industrialization and modernization towards the year 2020. Laos' capital Vientiane has been experiencing an age of prosperity. At the same time, the estimated incidence of absolute poverty has halved, from 46 percent of the population to 23 percent. According to the U.S. Census Bureau, the official 2017 poverty rate in the U.S. was 12.3%. Lao People's Democratic Republic's HDI value for 2019 is 0.613— which put the country in the medium human development category—positioning it at 137 out of 189 countries and territories. In 2020, the unemployment rate in Vietnam was 2.27 percent. Fitch Ratings identifies that Lao government revenues are set to decline by a quarter in 2020, with the ratio of PPG to government revenue set to hit 590% in 2020, while debt repayments are forecasted to account for a startling 55% of annual domestic revenue on average between 2020 and 2023 (World Bank, 2020d, pp. Economy - overview: The government of Laos, one of the few remaining one-party communist states, began decentralizing control and encouraging private enterprise in 1986. Stunting is the silent scourge of many children throughout Lao PDR, affecting around 33% of children under five years of age, as per LSIS II data. • However, in villages that lost more land in these deals, the poverty rate increased between 2005 and 2015. Cambodia's poverty rate, defined as living on less than $1.90 a day, fell from 53% in 2004 to 20.5% in 2011 and 13.5% in 2014. The total fertility rate (TFR) has . Poverty in Laos, formally known as the Lao People's Democratic Republic, has been on the decline for the last decade.Despite improvements, the poverty rate in Laos rests at 23.2 percent, meaning that more than a fifth of the seven million Laotians must survive below the poverty line in poor living conditions.. Wednesday, 29 Jul 2020. Poverty rates in affected villages decreased between 2005 and 2015, consistent with Laos' national decrease in poverty. Press Release | September 01, 2021. , Jul 21, 2021. National Debt: 38% Gross Domestic Product: 48.7 Billion Country Top Trade Partner: Export - Thailand Import - Thailand Low- & Middle-Income Country Snapshot. Stunted growth causes underdeveloped brains and bodies if children do not get the right type or amount of nutrients from food within the crucial first 1,000 days. Laos This is a scatterplot for Laos. This plan is part of the government's strategy to eradicate poverty in the country. Between 1990 and 2019, Lao People's Democratic Republic's HDI value increased from 0.405 to poverty alleviation over the past 2 decades with poverty rates declining from 46% in 1992, to 23.24% in 2012/13 (Lao Statistics Bureau & The World Bank, 2014). Lao PDR. Household consumption, which accounts for 67% of GDP, will start growing again after declining due to income losses (the unemployment rate surged to about 20%, and expatriate remittances . However, growth is expected to rebound to 4.5% in 2021, suggesting a slow recovery . Yet a World Bank report warned that a loss of just $0.30 per day could cause poverty rates to double. Household welfare also improved in terms of ownership of assets, condition of housing and access to services. Economic growth averaged more than 6% per year in the period 1988-2008, and Laos' growth has more recently been amongst the fastest in . - Maggie Sun Photo: Flickr Data on regional tourists were collected from tabulations sent to the Tourism Development 2 230 km². The global multidimensional poverty index. Figure A.1 Poverty rate by province: 2012/13 52 Figure A.2 Lao PDR, 1996-2014 Aggregate Indicator: Political Stability and absence of Violence/Terrorism 53 . The Lao Statistics Bureau (LSB) has conducted the LECS at five-year intervals since 1992-1993.The LECS survey is the primary source of official poverty statistics in Lao PDR, providing critical information for monitoring progress on poverty reduction, identifying poor and vulnerable groups, and ultimately informing government policies aimed at . 5. total water area. The "pandemic will push 96 million people into extreme poverty by 2021, 47 million of whom are women and girls. Lao Statistics Bureau (LSB) under the Ministry of Planning and Investment organised a meeting on Tuesday to announce the . Poverty falling, but could have fallen further. Lao PDR has experienced rapid economic growth in recent years, averaging 7.9% GDP growth during its 7th Five-Year National Social Economic Development Plan (NSEDP) 2011-2015. For more context please contact pplanalytics@usaid.gov. "are expected to increase between 65% and 68% of GDP in 2020, from 59% of GDP in 2019." . 2016-2020. However, other sources placed it as high as 17.8%. However, poverty reduction and consumption growth lag behind the country's GDP growth. By Agnes Constante. Generally, Lao PDR experienced a slower poverty reduction from its economic growth than its neighbors. With that strong growth of the country considered as significant engine for poverty reduction of the country. In 2020, prior to the HKSAR government's policy intervention, the poor population and the poverty rate stood at 1,652,500 persons and 23.6 percent, respectively. Median household income in 2020 decreased 2.9% between 2019 and 2020, and the official poverty rate increased 1.0 percentage point. Laos' quinquennial National Party . 1. In 2020, Laos' real gross domestic product fell by . Laos's economic growth cooled significantly in 2020, slowing to almost zero. November 16, 2021. March 4, 2020, 4:27 PM PST. VIENTIANE (Xinhua): Poverty in Laos continues to decline to 18.3 per cent, as infrastructure accessibility has improved, particularly road electricity, clean . DATA: Sources NA: Data Not Available OD: Data 5 Years Old or More Not Reliable 2030 Goal: Projections based on Economics, Social Science, and Youth Population . Annex 3: Main Targets Main Targets Of The 8Th NSEDP (2016-2020) Annex 4: Poverty Rate, Poverty Gap And Severity Index, Gini Coefficient Annex 5: Glossary Of Terms 189 LIST OF TABLES Table 1:Comparison between GDP Growth Rate of each Fiscal Year with the 7th NSEDP Targets (2011-2015) 4 Table 2: Gross Domestic Product (GDP) per Capita 5 According to reporting by Reuters, methamphetamine production in the Asia-Pacific reached "record highs" during the pandemic as trading has Population below $1.9 a day is the percentage of the population living on less than $1.9 a day at 2005 international prices. 4-5). Poverty rates among early educators are seven to fourteen times higher than among public school teachers, depending on the state. Poverty: Lao PDR; Poverty Data: Lao PDR . (2020). To get a better idea of how large the country is, you can compare it with a soccer field, which has 0.007km². Considering the increasing demand for electricity in the Lao PDR and power generation for The Government of Lao PDR's 7th Five-Year Plan (2011-2015) is a continuation of the 6th Five-Year Plan and plays an important role in realizing the Ninth Party Congress Resolution. Despite being the largest economy in the world, the U.S. also has a significant wealth inequality gap. On a scale of 0-1, Laos's commitment score is 0.407885 and capacity score is 0.423829. Laos Economic Outlook. Table 4: Regional comparison of the poverty and inequality Country Poverty rate (PPP2011 $1.90-a-day) Poverty rate (PPP2011 $3.20-a-day) Gini Coefficient Most recent survey Change Growth elasticity of poverty Most recent survey Change Growth 6 000 km². edition, the ASEAN Statistical Yearbook 2020 continues to provide accurate, timely, and reliable time series data on social and economic progress in the region.

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