Best answer: What is the inflation rate in Laos?

Which country has the lowest inflation rate?

In 2020, Qatar ranked 1st with a negative inflation rate of about 2.72 percent compared to the previous year.

The 20 countries with the lowest inflation rate in 2020 (compared to the previous year)

Characteristic Inflation rate compared to previous year
Qatar -2.72%
Fiji -2.6%
Bahrain -2.32%
United Arab Emirates -2.07%

How is the economy doing in Laos?

Currently, Laos ranks amongst the fastest growing economies in the world, averaging 8% a year in GDP growth. It is also forecasted that Laos will sustain at least 7% growth through 2019 as well.

Economy of Laos.

GDP rank 112th (nominal, 2019) 103rd (PPP, 2019)
GDP growth 6.3% (2018) 4.7% (2019e) 1.0% (2020f) 4.6% (2021f)

What is the most inflated currency in the world?

As of this time, the Iranian Rial is the most inflated currency in the world, not to mention the most devalued currency in the world, which also makes it one of the weakest currencies in the world.

Does Switzerland have inflation?

Inflation Rate in Switzerland averaged 2.30 percent from 1956 until 2021, reaching an all time high of 11.92 percent in December of 1973 and a record low of -1.40 percent in August of 2015.

Is Laos politically stable?

Laos is politically stable. … Laos’ GDP reached USD 17.9 billion in 2017, a 6.9 percent growth rate, though the economy is estimated to be in a downward trend at approximately 6.5 percent in 2019. The Lao population remained steady at 6.9 million in 2018.

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Why is Laos population so low?

This low ratio may be due to military activity, underreporting, and/or large scale out-migration. Many people have gone to Thailand and most were the former Lao elite and the educated middle class. 44% of the population was 15 years and 50% between 15-59 years.

Is Philippines richer than Laos?

Laos has a GDP per capita of $7,400 as of 2017, while in Philippines, the GDP per capita is $8,400 as of 2017.