| Population |
7,275,560 (June 2020 est.) |
| Gross Domestic Product (GDP) |
US$20.50 billion (2020 est.) |
| GDP Per Capita |
US$2,919 (2020 est.) |
| Inflation Rate |
6.5% (2020 est.) |
| Currency |
Kips (LAK) |
| Exchange Rate Versus U.S. Dollar |
9030.00 kips (LAK) per 1 US dollar (June 2020) |
| Language |
Lao (official), French, English, various ethnic languages |
| Capital |
Vientiane |
| Population of Capital City |
683,000 (2020) |
| Time Zone |
UTC/GMT +7 hours |
| Seasons |
Wet and dry (wet season runs from around May to October) |
| International Dialing Code |
856 |
| Electricity |
230V, 50 Hz |
| System of Government |
Communist state |
| Name and Party Affiliation of Current Leader |
President Bounnyang Vorachit (Since April 2016) (Lao People’s Revolutionary Party) |
| Income Tax Rate for Residents |
Income tax is levied at progressive rates from 5% to 25% |
| Property Tax |
Vary depending on the location and the type of the land.Is levied at annual rates per square meter. |
| Capital Gains Tax |
Income tax is levied on capital gains derived from selling real property. |
| Inheritance Tax |
No |
| Rental Income Tax |
15% |
| Transfer Tax |
Immaterial amount – depending on type of property- based on the sales price aprox. 2.4% |
| Sales Tax |
10% |
| Restrictions on Foreign Ownership of Property |
Laos law stipulates that foreign citizens may not own land |
| Local Chamber of Commerce |
|
| American Chamber of Commerce |
|
| Primary Exports |
Wood products, coffee, electricity, tin, copper, gold |
| Residency and Visa Requirements |
Tourist Visas (B3) – Upon arrival now into Lao you receive a 1 month tourist visit for $35, this however is easily extended to 3 months but a visit to the immigration department |
| Special Benefits for Foreign Residents or Retirees |
No |
| National Airline |
Lao Airlines |
