The commercial industrial gases market in Laos was estimated to have generated revenues of $6m in 2016. This was up from $2m in 2006, indicating an average annual growth rate of 10.6% p.a. for the decade.
In the 2006-2016 timeframe the GDP of Laos has grown by 14.5% p.a., or 7.7% p.a. when adjusted for inflation. The rate of growth was high at the beginning of the decade, but did slow during the worst year of the financial crisis. In 2015 and 2016 the country experienced good economic growth, resulting in growth rates of 6.0% and 9.8% in 2015 and 2016 respectively.
Report Data: 2016