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Current account balance in current prices

(US dollars)

In 2017, current account balance in Lao People’s Democratic Republic was -1,193 million US dollars. In the ranking by current account balance including 164 countries, Lao People’s Democratic Republic has the 10th rank that is close to the positions of such countries as Republic of Korea and the Macau. Compared to Australia which at the top of the ranking with current account balance of -35,757 million US dollars in 2017, Lao People’s Democratic Republic has 96.66 % percent lower current account balance.

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What is current account balance?

Current account balance is the sum of net exports of goods, services, net income, and net current transfers. Data are in current U.S. dollars.