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In 2018, current account balance for Lao People’s Democratic Republic was -3.2 billion US dollars. Though Lao People’s Democratic Republic current account balance fluctuated substantially in recent years, it tended to decrease through 1999 - 2018 period ending at -3.2 billion US dollars in 2018.The description is composed by our digital data assistant.
Current account is all transactions other than those in financial and capital items. The major classifications are goods and services, income and current transfers. The focus of the BOP is on transactions (between an economy and the rest of the world) in goods, services, and income.