laos poverty rate 2020

VIENTIANE (Xinhua): Poverty in Laos continues to decline to 18.3 per cent, as infrastructure accessibility has improved, particularly road electricity, clean . Between 1990 and 2019, Lao People's Democratic Republic's HDI value increased from 0.405 to lsb - ສູນສະຖິຕິແຫ່ງຊາດ The statistic shows the growth in real GDP in Laos from 2016 to 2020, with projections up until 2026. Poverty is estimated to increase by 1.4 to 3.1 percentage points in 2020 and is expected to persist in the medium term, per World Bank estimates.6 FIGURE 1: IMPACT OF COVID-19 ON POVERTY Source: World Bank. Laos - The World Factbook Poverty: Lao PDR | Asian Development Bank Published by the Lao Statistics Bureau and the World Bank in both Lao and English, the . 4-5). affected livelihoods and poses a serious risk to Lao PDR's progress on poverty reduction. However, growth is expected to rebound to 4.5% in 2021, suggesting a slow recovery . Lao PDR has achieved the poverty-related Millennium Development Goal (MDG) by halving its national poverty rate over the past decade. , Nov 2, 2021. PDF Laos Health Strategy 2019-2023 Early Childhood Workforce Index 2020 - CSCCE 236 800 km². Laos Corruption Rank 2021 Data | 2022 Forecast | 2005-2020 ... PDF Lao PDR - ESCAP Laos Population 2021 (Live) 7,416,169. The report was launched along with Poverty Assessment 2020: Catching Up and Falling Behind , which analyses the survey data in more depth and explores the factors behind emerging trends. DATA: Sources NA: Data Not Available OD: Data 5 Years Old or More Not Reliable 2030 Goal: Projections based on Economics, Social Science, and Youth Population . PDF The Lao PDR Country Report - ERIA Across 107 developing countries, 1.3 billion people—22 percent—live in multidimensional poverty. Laos's economic growth cooled significantly in 2020, slowing to almost zero. PDF Lao PDR Economic Monitor - World Bank The country's total water area, summing up all inland waters: lakes, rivers, reservoirs, wetlands, etc. Get in touch with us now. Despite being the largest economy in the world, the U.S. also has a significant wealth inequality gap. Wednesday, 29 Jul 2020. Yet a World Bank report warned that a loss of just $0.30 per day could cause poverty rates to double. By 2015, Lao PDR' poverty rate was reduced to 19.7%, its human development index increased, and its labor structure improved with increased percentage of labor employed . According to reporting by Reuters, methamphetamine production in the Asia-Pacific reached "record highs" during the pandemic as trading has Nobody will escape the impact of the COVID-19 pandemic. Laos Open SDG Data Platform : The third National Economic Census 2020: National Summary Data Page: LaoInfo: Lao Decide Info: Gross Domestic Product GDP 2020. It monitors progress against Ending Extreme Poverty This data is based on population and housing census 2015. This dataset displays under indicators of poverty, namely density, % urban population, poverty headcount, poverty gap, poverty severity, access to sanitation, water, electricity, telephone of Laos at provincial administrative level. However, poverty reduction and consumption growth lag behind the country's GDP growth. Poverty in Laos tends to manifest itself in underdeveloped, mountainous areas. With that strong growth of the country considered as significant engine for poverty reduction of the country. poverty rate over the last two decades, poverty reduction and consumption growth have lagged Between 1997 and 2018, poverty rate at $1.9 a day of Lao People's Democratic Republic was declining at a moderating rate to shrink from 50.7 % in 1997 to 10 % in 2018. Stunted growth causes underdeveloped brains and bodies if children do not get the right type or amount of nutrients from food within the crucial first 1,000 days. Between 1990 and 2019, Lao People's Democratic Republic's HDI value increased from 0.405 to Poverty most affects populations in rural and highland areas, particularly ethnic minority groups. April 7, 2020. Household welfare also improved in terms of ownership of assets, condition of housing and access to services. VIENTIANE, Sept. 19 (Xinhua): Under the pilot project to reduce poverty in East Asia, namely the China-aided Laos Poverty Reduction Demonstration Cooperation Technical Assistance Project, the . It's been 45 years since thousands of Southeast Asian refugees settled in the United States, yet, as a group, they continue to face major . 6. total surface. The progress in poverty reduction varies by location, education, ethnicity, education and occupation of household heads. The poverty rate in the United States varies depending upon the method of measurement. Laos Economic Outlook. Corruption Rank in Laos averaged 138.38 from 2005 until 2020, reaching an all time high of 168 in 2007 and a record low of 77 in 2005. In 1992-1993 the rate was at 46 percent and dropped to 39 percent in 1997-1998 and 33.5 percent in 2002-2003.In 2007-2008 the poverty rate dropped to 27.6 percent, 23.3 percent in 2012-2013, and 18.3 percent in 2018-2019. Lao People's Democratic Republic's HDI value for 2019 is 0.613— which put the country in the medium human development category—positioning it at 137 out of 189 countries and territories. although poverty and an underdeveloped health care system impeded such access for some women. This page provides the latest reported value for - Laos Corruption Rank - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey . 1. poverty alleviation over the past 2 decades with poverty rates declining from 46% in 1992, to 23.24% in 2012/13 (Lao Statistics Bureau & The World Bank, 2014). 2 230 km². Laos' quinquennial National Party . Get in touch with us now. . "are expected to increase between 65% and 68% of GDP in 2020, from 59% of GDP in 2019." . The global multidimensional poverty index. The Asian Development Outlook (ADO) 2020 Update forecasts gross domestic product (GDP) to contract by 2.5% for Lao PDR this year—marking its first negative economic growth since 1986 and 1987, compared to -0.5% for the projection in ADO 2020 Supplement in June. Thailand Poverty Rate 1981-2021. By John Pennington. Poverty rate in Laos down to 18.3 per cent Author: Tan KW | Publish date: Wed, 29 Jul 2020, 11:28 AM VIENTIANE : Poverty in Laos continues to decline to 18.3 per cent, as infrastructure accessibility has improved, particularly road electricity, clean water and sanitation access, according to data from the Lao Consumption and Expenditure Survey . Considering the increasing demand for electricity in the Lao PDR and power generation for Poverty may therefore also be defined as the economic condition of lacking predictable and stable means of meeting basic life needs. The Government of Lao PDR's 7th Five-Year Plan (2011-2015) is a continuation of the 6th Five-Year Plan and plays an important role in realizing the Ninth Party Congress Resolution. Economy - overview: The government of Laos, one of the few remaining one-party communist states, began decentralizing control and encouraging private enterprise in 1986. The sharp drop in domestic revenue To get a better idea of how large the country is, you can compare it with a soccer field, which has 0.007km². This has, in part, been driven by strong economic growth, . • However, in villages that lost more land in these deals, the poverty rate increased between 2005 and 2015. On a scale of 0-1, Laos's commitment score is 0.407885 and capacity score is 0.423829. This will squeeze . Economic growth averaged more than 6% per year in the period 1988-2008, and Laos' growth has more recently been amongst the fastest in . Life expectancy has grown from 54 in 2007 to 60 for men and 65 for women in 2012 as more people gain access to clean water and health care. The total fertility rate (TFR) has . The Human Capital Index (HCI) database provides data at the country level for each of the components of the Human Capital Index as well as for the overall index, disaggregated by gender. According to the U.S. Census Bureau, the official 2017 poverty rate in the U.S. was 12.3%. Globally, the poverty rate for women was expected to decrease by 2.7 per cent between 2019 and 2021, but projections now point to an increase of 9.1 per cent due to the pandemic and its fallout. By Agnes Constante. Although agriculture has been gradually declining in terms of its contribution to GDP over recent years, it still continues to play a major role in Lao PDR. Vietnam Poverty Rate 1992-2021. But this downward trend will be reversed due to COVID-19 and the poverty is projected to go up to 21.5% in 2020.1 It will begin Lao PDR in 2020 145 Somewhat surprisingly, given the closure of international borders, another disturbing challenge for the party state in 2020 has been increasing rates of drug trafficking. Lao PDR. November 16, 2021. Low- & Middle-Income Country Snapshot. Over the past 20 years, Laos has significantly reduced poverty and hunger, and improved education and health outcomes. The ASEAN Statistical Yearbook 2020 covers data for the period of 2010-2019 comprising of sections on ASEAN population, education, health, Cambodia's poverty rate, defined as living on less than $1.90 a day, fell from 53% in 2004 to 20.5% in 2011 and 13.5% in 2014. The economy of Laos is a rapidly growing lower-middle income developing economy.Being one of the five remaining socialist states (along with China, Cuba, North Korea and Vietnam), the Lao economic model resembles the Chinese socialist market and/or Vietnamese socialist-oriented market economies by combining high degrees of state ownership with an openness to foreign direct investment and . Fitch Ratings identifies that Lao government revenues are set to decline by a quarter in 2020, with the ratio of PPG to government revenue set to hit 590% in 2020, while debt repayments are forecasted to account for a startling 55% of annual domestic revenue on average between 2020 and 2023 (World Bank, 2020d, pp. Generally, Lao PDR experienced a slower poverty reduction from its economic growth than its neighbors. has been made in national poverty rates, and this has placed the Lao Government on the cusp of reaching a key objective, first articulated by the Lao People's Revolutionary Party leadership in 1993, of graduating from the United Nation's Least Developed Country listing. Figure 5, shows the inflation rate of Lao PDR and growth rate from 2008 to 2012. the Lao PDR has also able to stabilize exchange rate within the scope of plus and minus 5%. Poverty rates in affected villages decreased between 2005 and 2015, consistent with Laos' national decrease in poverty. As COVID-19 will drive up poverty rates in ASEAN, affecting some countries more than others, experts are worried it could undo years of hard work. . Some will feel worse consequences than others, depending on their age, social status and location. Millions can be classified as out of poverty if they earn $0.01 more than the metric that defines it. Median household income in 2020 decreased 2.9% between 2019 and 2020, and the official poverty rate increased 1.0 percentage point. The World Bank Development Indicators is the premium annual statistics of the World Bank which compiles data on development. 6 000 km². Head of the Central Committee on Rural Development and Poverty Eradication, Mr. Thongvanh Vilayheuang, highlighted various aspects of the government's five-year development plan at a lecture yesterday at the Party […] Some 86 percent of poor households now own mobile phones, 77 percent own a television and 80 percent own a motor bike. Geo coverage is over 150 countries. Lao PDR. 10:58 AM MYT. In 2020, Laos' real gross domestic product fell by . For more context please contact pplanalytics@usaid.gov. The Poverty Profile in Lao PDR and Poverty Assessment 2020: Catching Up and Falling Behind show that Lao PDR has made remarkable progress in reducing poverty over the past 25 years, but also that many recent gains made against poverty are threatened by the impact of the COVID-19 pandemic on the Lao economy.. After a challenging first half of the year, with a spike in Covid-19 cases from late April leading to the imposition of tougher restrictions, the economy continues to face headwinds in H2. The WDI contains over 900 indicators per country and covers topics including BOP, business, demographics, external debt, education, tourism, tax, etc. As a result of revisions in PPP exchange rates, poverty rates for individual countries cannot be compared with poverty rates reported in earlier editions. rate of poverty reduction, that even when households move out of poverty, they need to be protected from In 2020, the unemployment rate in Vietnam was 2.27 percent. In most states, wages fall short of the living wage for a single adult, from $0.13 short in Montana to as much as $3.39 less per hour in Hawaii. By the end of September, 28% of the total population was fully vaccinated. Lao PDR has been successful in reducing absolute poverty, based on the national poverty lines, from 33.5% in 2003 to 23.2% in 2013 and further to 18.6% in 2019. 2016-2020. This plan is part of the government's strategy to eradicate poverty in the country. However, other sources placed it as high as 17.8%. The Plan is regarded as a measure for achieving socio-economic development, industrialization and modernization towards the year 2020. The electrification rate in the Lao PDR was 93.79% in 2018,3 and the government is striving to raise this to 98.00% by 2025. PDR . poverty in Lao PDR over the past decade. - Maggie Sun Photo: Flickr Annex 3: Main Targets Main Targets Of The 8Th NSEDP (2016-2020) Annex 4: Poverty Rate, Poverty Gap And Severity Index, Gini Coefficient Annex 5: Glossary Of Terms 189 LIST OF TABLES Table 1:Comparison between GDP Growth Rate of each Fiscal Year with the 7th NSEDP Targets (2011-2015) 4 Table 2: Gross Domestic Product (GDP) per Capita 5 Children show higher rates of multidimensional poverty: half of multidimensionally poor people (644 million) are children under age 18. a UN special rapporteur on human rights and extreme poverty, . 513 120 km². After a challenging first half of the year, with a spike in Covid-19 cases from late April leading to the imposition of tougher restrictions, the economy continues to face headwinds in H2.