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Laos

Welcome to the price transmission page for Laos. This page enables you to look into the country and its crops more specifically to gain an understanding of the level of risk and also, to view its historic warning periods per commodity. Select a time range or a specific date to view the data in more detail.

Laos

Historic Warnings per Commodity

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Background information

Economic growth for one of the least developed countries averaged around 8% per year for the last decade and has therefore been among the fastest in Asia. Laos' economy is heavily dependent on exports of natural resources requiring much capital such as mining products, timber and hydroelectric power. It is a landlocked country with mostly mountainous and thickly forested areas. The country’s infrastructure is still underdeveloped, particularly in rural areas.

Agriculture accounts for about a quarter of GDP and three-quarters of total employment. Mostly, rice and vegetables are being planted in lowland areas, although the share of maize is increasing. Since about two-thirds of the country is still covered by mines, the total potential of arable land for agriculture or animal husbandry cannot be exploited. Laos is a net importer, as 5% of the cereals demand has to be imported to fulfill households’ needs.

The population of 6 million people, living in remote and scattered small villages, is among the youngest worldwide with a median age of about 22.5 years. More than one quarter of the Laotian population lives below the national poverty line in spite of economic growth throughout the last ten years. Moreover, food insecurity remains high among the 49 ethnic groups and children, especially in rural areas. Currently, around 18.5% of the population is undernourished according to the GHI (2015).