Laos
Official Country Name
Laos
Laos Overview
Modern-day Laos has its roots in the ancient Lao kingdom of Lan Xang, established in the 14th Century under King FA NGUM. For three hundred years Lan Xang included large parts of present-day Cambodia and Thailand, as well as all of what is now Laos. After centuries of gradual decline, Laos came under the control of Siam (Thailand) from the late 18th century until the late 19th century when it became part of French Indochina. The Franco-Siamese Treaty of 1907 defined the current Lao border with Thailand. In 1975, the Communist Pathet Lao took control of the government ending a six-century-old monarchy and instituting a strict socialist regime closely aligned to Vietnam. A gradual return to private enterprise and the liberalization of foreign investment laws began in 1986. Laos became a member of ASEAN in 1997.
Laos Economy
The government of Laos, one of the few remaining official Communist states, began decentralizing control and encouraging private enterprise in 1986. The results, starting from an extremely low base, were striking - growth averaged 6% per year in 1988-2006 except during the short-lived drop caused by the Asian financial crisis beginning in 1997. Despite this high growth rate, Laos remains a country with a primitive infrastructure. It has no railroads, a rudimentary road system, and limited external and internal telecommunications, though the government is sponsoring major improvements in the road system with possible support from Japan. Electricity is available in only a few urban areas. Subsistence agriculture, dominated by rice, accounts for about half of GDP and provides 80% of total employment. The economy will continue to benefit from aid by the IMF and other international sources and from new foreign investment in hydropower and mining. Construction will be another strong economic driver, especially as hydroelectric dam and road projects gain steam. Several policy changes since 2004 may help spur growth. In late 2004, Laos gained Normal Trade Relations status with the US, allowing Laos-based producers to benefit from lower tariffs on exports. Laos is taking steps to join the World Trade Organization in the next few years; the resulting trade policy reforms will improve the business environment. On the fiscal side, a value-added tax (VAT) regime, slated to begin in 2008, will streamline the government's inefficient tax system.
Laos Location
Laos is located in Southeastern Asia, northeast of Thailand, west of Vietnam
Region
Laos is located in Asia
Laos Population
Laos has population of 6,368,481 (July 2006 est.)
Laos Climate
Laos has tropical monsoon; rainy season (May to November); dry season (December to April)
Laos Terrain
mostly rugged mountains; some plains and plateaus
Laos Natural Resources
timber, hydropower, gypsum, tin, gold, gemstones
Ethnic Groups in Laos
Laos has the following ethnic groups - Lao Loum (lowland) 68%, Lao Theung (upland) 22%, Lao Soung (highland) including the Hmong and the Yao 9%, ethnic Vietnamese/Chinese 1%
Laos Religions
Buddhist 60%, animist and other 40% (including various Christian denominations 1.5%)
Laos Languages
Lao (official), French, English, and various ethnic languages
Laos Capital
Laos capital is Vientiane
Laos Currency
Laos currency is kip
Map of Laos
