Laos is thus the 22nd biggest country in Asia and in terms of area ranked 84th worldwide.
The national unemployment rate was 6.0 per cent. Laos' extremely low unemployment rate has been queried by economists and jobseekers alike with many university graduates struggling to find work. Range: 2 to 16. ThinkHazard! Overall, the price increase was 8,414.65 %. Mongolia has the highest employment rate in Asia with 7.3 per cent.
The inflation rate for consumer prices in Laos moved over the past 31 years between 0.1% and 125.3%.
Youth unemployment refers to the share of the labor force ages 15-24 without work but available for and seeking employment. For Exports, FDI and GDP measures, a higher rank (closer to 100%) indicates a stronger economy.
The labor market continued to gradually recover from the pandemic hit, helped by a surge in demand for labor, record levels of job openings, the expiration of enhanced jobless benefits and the subsiding summer wave of COVID-19 infections. The province's unemployment rate was at 5.2 per cent last month, down from 6.2 per cent in October and 7.1 per cent a year ago. In 2019, the estimated .
Download data: Asian Development Outlook, Statistical Tables. Lao PDR using its extensive experience of diverse development challenges globally and of the country context, as well as its strong partnership with government . Laos gained Normal Trade Relations status with the US in 2004, and is taking steps required to join the World Trade Organization, such as reforming import licensing.
January 10, 2019.
An imbalance in the supply and demand of labor in some sectors poses a challenge for Laos in its efforts to tackle rising unemployment. Graph and download economic data for Youth Unemployment Rate for the Lao People's Democratic Republic (SLUEM1524ZSLAO) from 1991 to 2019 about Laos, 15 to 24 years, unemployment, and rate. (1.320.000 / 44.000.000) x 100 = 3% (unemployment rate) Causes of Unemployment It then began a slow but steady recovery that reached a low of 3.5% in February 2020. Lao laborers return home to Champasack Province from work in Thailand. Household consumption, which accounts for 67% of GDP, will start growing again after declining due to income losses (the unemployment rate surged to about 20%, and expatriate remittances . VIENTIANE, Jan. 27 (Xinhua) -- Lao government has set a target of limiting the unemployment rate to only 2 percent in 2018 despite a high percentage of joblessness reported among university graduates. Note: The working-age population is defined as those aged 15 and over. The reason for the low number of unemployed according to the ILO (The International Labour . Laos's economic growth cooled significantly in 2020, slowing to almost zero. GDP forecasts are based on ADB's flagship publication, the Asian Development Outlook.
According to a report by the KPL, the unemployment rate in Laos is expected to increase by 20 percent. The Washington Metropolitan Division's unemployment rate was 6.5 percent in October 2020, which was 2.7 percentage points higher than the current unemployment rate of 3.8 percent.
The maternal mortality rate is also high, at 185 per 100,000 births (2017). 0.7% (2016 est.) Unemployment, total (% of total labor force) (modeled ILO estimate) - Lao PDR International Labour Organization, ILOSTAT database. The Lao People's Revolutionary Party's Central Committee has resolved to intensify action to systematically address issues concerning the inflation rate and debt, while also striving to create . Laos's primary export items are raw materials rather than manufactured goods: wood, coffee, tin, copper, and gold. The chart has 1 Y axis displaying Percent. In Laos, where the formal unemployment rate was around 0.7% last year, joblessness has recently spiked to around 25%, the Vientiane Times, a local newspaper, reported this month.
A closely watched indicator is the unemployment rate (the number of unemployed as a percentage of the labour force).
This statistic shows the unemployment rate in Laos from 1999 to 2020. For example, Laos's Exports rank is higher than 38.83% of the countries in the dataset.
For 2020, an inflation rate of 5.1% was calculated. Oct 11, 2021.
Unemployment Rate in Laos increased to 1 % in 2020. 5: Dropout rates by sex, area and wealth quintile (2017)... 43 Fig.
To reflect the expected fall in private consumption, tourist arrivals and foreign direct investment, Economist Intelligence Unit has downgraded Laos' real GDP growth forecast for 2020 to 2.8%, from 6.5% previously. "The government has acknowledged that there is a mismatch in the supply and demand of workers in some areas," Vientiane Times reported on August 19. RECENTLY UPDATED DATASETS.
Due to unavailable data the following indicators have been . Laos has a relatively low unemployment rate as data from Trading Economics shows that in 2017 the unemployment rate was approximately 0.7%.
0.7% (2016 est.) VIENTIANE, Oct. 25 (Xinhua) -- The Lao People's Revolutionary Party (LPRP) Central Committee has resolved to systematically address issues concerning the inflation rate and debt, while creating more jobs. Unemployment rate: 0.7% (2017 est.)
Unemployment rates have risen to a ten-year high in Vietnam, where the pandemic has cost nearly five million Vietnamese workers their jobs in just the first quarter of . Laos's economic freedom score is 53.9, making its economy the 141st freest in the 2021 Index.
In April 2020, the unemployment rate reached 14.8%—the highest rate observed since data collection began in 1948. IMF Executive Board Completes the 2017 Article IV Consultation with Lao People's Democratic Republic.
Household consumption, which accounts for 67% of GDP, will start growing again after declining due to income losses (the unemployment rate surged to about 20%, and expatriate remittances . According to tradingeconomics.com citing the World Bank, the unemployment rate in Laos is expected to be 1.40 percent for the fourth quarter of this year, which is predicted to rise to 1.7 percent .
Laos - Interest Rate 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. According to the source, the data are ILO estimates. In countries like Thailand, Indonesia, and Laos, the oldest workers (65 years and above) also have the highest rates of informal employment and additional difficulties finding alternative living .
Press Releases.
Unemployment Rate in Laos increased to 1 percent in 2020 from 0.60 percent in 2019. The country's total land area (excluding inland and sea waters).
Unemployment rate: 0.7% (2017 est.) More on ADB's economic forecasts for the Lao PDR.
The unemployment rate peaked at around 10% following the 2008-09 financial crisis.
Its overall score has decreased by 1.6 points, primarily because of a decline in trade freedom. Unemployment Rate = (Unemployed Workers / Total Labor Force) x 100 The unemployment rate is expressed as a percentage: Example: The unemployed workers in Vietnam are 1.320.000 people and the total labor force is 44.000.000 people. 2014: Unemployment rate: 2.5% 2009 1991-2020 Data | 2021-2023 Perkiraan. Fig. Laos's economic growth cooled significantly in 2020, slowing to almost zero.
当前值，历史数据，预测，统计，图表和经济日历 - 老挝 - 失业率.
6 Poor people cannot afford to remain without work, while urban and more affluent groups can be more selective about the quality of the . 5. total water area.
This page provides forecast and historical data, charts, statistics, news and updates for Laos Unemployment Rate. Aaron O'Neill. Unemployment. Laos has made headway in poverty reduction, with the poverty rate almost halving from 46% in 1992/93 to 22% in 2012/13. The data reached an all-time high of 2.60 % in Dec 1995 and a record low of 0.62 % in Dec 2019. Unemployment Rate in Laos averaged 1.42 percent from 1991 until 2020, reaching an all time high of 2.60 percent in 1992 and a record low of 0.60 percent in 2015. Local daily Vientiane Times on Saturday quoted the Ministry of Planning and Investment's .
Over-the-Month . Percent Civilian unemployment rate, seasonally adjusted Click and drag within the chart to zoom in on time periods Total Men, 20 years and over Women, 20 years and over 16 to 19 years old White Black or African American Asian Hispanic or Latino 2.0 4.0 6.0 8.0 10.0 12.0 14.0 16.0 Hover . Laos's economic freedom score is 53.9, making its economy the 141st freest in the 2021 Index. In this post, we (1) provide an overview of the state's UI system financing . 1 830 km². The Lao People's Revolutionary Party's Central Committee has resolved to intensify action to systematically address issues concerning the inflation rate and debt, while also striving to create .
Substantial underemployment might be noted. Data retrieved on June 15, 2021. The pandemic forced thousands of overseas Lao workers to return home, and at […]
The country's economy depends on trade and investments from its neighbors China, Vietnam, and Thailand. Publications.
Youth unemployment rate in Laos in 2019.
Unemployment refers to the share of the labor force that is without work but available for and seeking employment. Unemployment has undergone an upward trend since 2009, with 13.8%, followed by 14.2% in 2010.
Some countries count insured unemployed only, some count those in receipt of welfare benefit only, some count the disabled and other permanently unemployable people, some countries count those who choose (and are financially able) not to work, supported by .
NOTE: 1) The information regarding Laos on this page is re-published from the 2020 World Fact Book of the United States Central Intelligence Agency and other sources. country comparison to the world . This land area is approximately 59% of the area of California. Lao PDR unemployment rate for 2019 was 0.62%, a 0.02% decline from 2018. Laos Unemployment rate. The ongoing Covid-19 pandemic has led to massive instability in what were relatively stable employment situations for young people in service . To get a better idea of how large the country is, you can compare it with a soccer field, which has 0.007km². Laos Unemployment Rate is updated yearly, available from Dec 1991 to Dec 2020, with an average rate of 1.25 %. October 13, 2018. 6 000 km². Laos unemployment rate, percentage of total Laotian labor force. The low unemployment rate can be attributed to the nation's rapid economic growth.Some of the factors that contribute to Laos' rapid economic growth include the generation of hydroelectricity that provides . No claims are made regarding the accuracy of Laos Economy 2020 information contained here. Press Releases. Nov 19, 2021.
While for the 2013, the unemployment rate was 16.1 %, which remained in evaluation terms. According to the statistics, the unemployment rate was 13.2 % in 2008.
Data published Yearly by World Bank.
A child born in Laos today will only be half as productive as she could be if she enjoyed full health and education.
Valores atuais, dados históricos, previsões, estatísticas, gráficos e calendário econômico - Laos - Taxa de Desemprego.
Nilai saat ini, data historis, perkiraan, statistik, grafik dan kalender ekonomi - Laos - Tingkat Pengangguran. Lao PDR youth unemployment rate for 2019 was 1.67%, a 0.01% decline from 2018.; Lao PDR youth unemployment rate for 2018 was 1.68%, a 0.01% decline from 2017.; Lao PDR youth unemployment rate for 2017 was 1.69%, a 0.03% decline from 2016.
In 2021, it is expected to make a brisk recovery, approaching pre-crisis levels.
In 2021, it is expected to make a brisk recovery, approaching pre-crisis levels. Even Laos, with a relatively healthy GDP per capita of $4,903.2 in 2019 .
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.
In July 2021, unemployment remained higher (5.4%) than it had been in Conversely, for Unemployment and Inflation, a lower rank (closer to 0%) indicates a stronger economy. 6: Food security across Lao PDR (MAF/FAO/WFP)... 46 List of Acronyms ADB Asian Development Bank . The Governor's 2021‑22 May Revision budget proposes $36 million General Fund to pay the first, partial payment on the state's outstanding federal Unemployment Insurance (UI) loan and proposes to direct $1.1 billion in federal American Rescue Plan (ARP) Act funds to pay down a portion of the outstanding loan. Source: World Bank > Laos > Laos Unemployment Information is provided 'as is' and solely for informational purposes, not for trading purposes or advice, and may be delayed. In 2020, the unemployment rate in Laos was at approximately 0.95 percent. unemployment.
In the worst-case scenario, which might actually be overly optimistic, Laos' economy is set to contract by 1.8 percent this year, compared to positive 7 percent growth rates in recent years . hazard ranking While the unemployment rate is only 2.5%, approximately 26% of the population live below the poverty line.
1991-2020 数据 | 2021-2023 预测. During the observation period from 1989 to 2020, the average inflation rate was 17.7% per year.
The country's unemployment rate has been reducing from 2009 when it was 0.8%.
The statistic shows the youth unemployment rate in Laos from 1999 and 2019. Laos Unemployment Rate increased to 0.95 % in Dec 2020, from the previously reported number of 0.62 % in Dec 2019. The US unemployment rate fell to 4.6 percent in October 2021, the lowest since March 2020 and slightly below market expectations of 4.7 percent.
Nevertheless, pronounced rural-urban disparities persist, and income inequality is rising. Year: 2021 January February March April May June July August September October November December C.Y.Ave.
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