Laos 2006

Laos 2006

Yearbook 2006

Laos. According to CountryAAH, major public holidays in Laos include Independence Day (May 11) and New Year (January 1). A number of personal transfers were made in L’s political leadership during the year, but these were not expected to bring about any changes in the Communist-controlled country’s political course. When elections were held for the National Assembly on April 30, the Communist Party took home 113 of the 115 seats. The remaining two seats were won by independent, pre-approved candidates. When the National Assembly in June appointed a new Laotian president, the election awaited the Secretary-General of the Communist Party, Vice President Choummaly Sayasone, 70, who was close to former President Khamtay Siphandone, 82, close. The new Prime Minister of the country was elected as tipped Deputy Prime Minister Bouasone Bouphavanh. The new government he formed had as its primary objective to fight the corruption that characterizes society and to ensure that the good economic development in the country continues.

In March, it was found that a new species of rodent, which scientists discovered in a market in L. 2005, was a waste of a mammal previously believed to be extinct. The survivor, christened Laonaste’s monogamous mouse, showed great resemblance to a rodent family that until now is believed to have been extirpated about eleven million years ago. The discovery attracted considerable attention in scientific circles.

Laos received continued international criticism for his way of treating the minority people, among whom a small-scale armed guerrilla resistance has been fought against the communists since the 1970s. In March, information came out that 26 women and children from Hmong would have been killed in a massacre by government soldiers.

Laos Map with Surrounding Countries

Economy

Inflation rate 0.80%
Unemployment rate , 7%
Gross domestic product (GDP) $ 49,340,000,000
GDP growth rate 6.90%
GDP per capita 7,400 USD
GDP by sector
Agriculture 20.90%
Industry 33.20%
Service 45.90%
State budget
Revenue 392.3 million
Expenditure 541.3 million
Proportion of the population below the national poverty line 26%
Distribution of household income
Top 10% 30.3
Lower 10% 3.3
Industrial production growth rate 8.00%
Investment volume
National debt 63.60% of GDP
Foreign exchange reserves $ 989,800,000
Tourism 2014
Visitors 3,164,000
Revenue $ 642,000,000

Laos Overview

Laos is a mountainous inland state cut between deep valleys between Thailand and Vietnam. The Mekong with its tributaries and wooded mountain slopes dominate the landscape of sparsely populated Laos. Founded in the 14th century, Lan Chang, a land of millions of elephants, disintegrated in the 18th century into three principalities from which Siam gained supremacy a hundred years later. After the occupation of Japan and France, Laos became a limited union of the French Union in 1949 and became fully independent in 1953. Since Laos opened its gates to tourism, it has quickly become a new favorite destination for many travelers in Southeast Asia.

Area: 236,000 km²

Population: 7,447,396 (estimate 7/2020)

Capital: Viantiane

Population: 50% Lao loum, 30% Lao theung, 10-20% Lao Sung, 10-20% Thai

Religion: 58% Buddhists, 34% supporters of tribal religions

Language: Lao

Currency: Kip (LAK 2)

Form of government: Democratic People’s Republic