Laos in 2024
Keith Barney
What the paper says
In 2024 Laos entered its fourth year under the effects of the COVID and post-COVID economic downturn. However, the roots of Laos’ economic crisis extend back into the 2010s, with heavy borrowing under China’s Belt and Road Initiative. As rotating ASEAN chair, Laos hosted a successfully uncontroversial series of diplomatic meetings. Domestically, the Lao leadership struggled to respond to falling living standards and the urgency of close diplomatic relations with its primary creditor, China. The subsistence economy, the informal economy, the remittance economy, the moonlighting economy, and Laos’ shadow economy provided crucial livelihood buffers to the economic crisis. The National Assembly began work on a constitutional amendment, with the 2026 Party Congress on the horizon.
1 citation
Evidence weight
Balanced mode · F 0.40 / M 0.15 / V 0.05 / R 0.40
| F · citation impact | 0.16 × 0.4 = 0.06 |
| M · momentum | 0.53 × 0.15 = 0.08 |
| V · venue signal | 0.50 × 0.05 = 0.03 |
| R · text relevance † | 0.50 × 0.4 = 0.20 |
† Text relevance is estimated at 0.50 on the detail page — for your query’s actual relevance score, open this paper from a search result.