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    Laos Facts And Figures

    Laos’ capital, Vientiane, is a wonderful retirement destination.

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        A monk from Laos wearing an orange robe and walking with two buckets in his hands. Laos Facts

        Facts About Laos

        Kathleen

        Reviewed By Kathleen Peddicord

        Kathleen is the Live and Invest Overseas Founding Publisher. She has more than 30 years of hands-on experience traveling, living, and buying property around the world.

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          Laos’ capital, Vientiane, is a wonderful retirement destination. The city has a relaxed feel, with plenty to see and do.

          Laos’ French colonial past can be observed in the colonial architecture which makes up the city center. This European architecture lies side by side ancient Buddhist temples creating a unique fusion of European and Southeast Asian heritage.

          Here is a list of Laos facts…

          Information Type Laos Data
          Population 7,739,916 (June 2024 est.)
          Gross Domestic Product (GDP) US$15.84 billion (2024 est.)
          GDP Per Capita US$2,790 (2024 est.)
          Inflation Rate 26.2% (2024 est.)
          Currency Kips (LAK)
          Exchange Rate Versus U.S. Dollar 22,159.41 kips (LAK) per 1 US dollar (July 2024)
          Language Lao (official), French, English, various ethnic languages
          Capital Vientiane
          Population of Capital City 738,000 (2024)
          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 Thongloun Sisoulith (Since 2021) (Lao People’s Revolutionary Party)
          Income Tax Rate for Residents Income tax is levied at progressive rates from 5% to 25%
          Property 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

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            Kathleen

            Reviewed By Kathleen Peddicord

            Kathleen is the Live and Invest Overseas Founding Publisher. She has more than 30 years of hands-on experience traveling, living, and buying property around the world.

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              Portugal is on the Iberian Peninsula, in the southwest corner of Europe. Portugal shares that peninsula Spain, its larger neighbor.

              Portugal is known for Fado music and also for being the largest cork producer in the world.

              Portugal’s high season is during July and August, especially to coastal areas. Expect to pay at least a 30% premium on accommodation and encounter warm weather across the country.

              Yes, Portugal is a sought after retirement destination. In fact, it’s one the world’s top retirement havens.

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