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      Laos Facts And Figures

      Laos’ capital, Vientiane, is a wonderful retirement destination.

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          A monk from Laos wearing an orange robe and walking with two buckets in his hands. Laos Facts

          Facts About Laos

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          Reviewed By Kathleen Peddicord

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            Table Of Contents

            Laos’ capital, Vientiane, is a wonderful retirement destination. The city has a relaxed feel, with plenty to see and do.

            Laos’ French colonial past can be observed in the colonial architecture which makes up the city center. This European architecture lies side by side ancient Buddhist temples creating a unique fusion of European and Southeast Asian heritage.

            Here is a list of Laos facts…

            Information Type Laos Data
            Population 7,739,916 (June 2024 est.)
            Gross Domestic Product (GDP) US$15.84 billion (2024 est.)
            GDP Per Capita US$2,790 (2024 est.)
            Inflation Rate 26.2% (2024 est.)
            Currency Kips (LAK)
            Exchange Rate Versus U.S. Dollar 22,159.41 kips (LAK) per 1 US dollar (July 2024)
            Language Lao (official), French, English, various ethnic languages
            Capital Vientiane
            Population of Capital City 738,000 (2024)
            Time Zone UTC/GMT +7 hours
            Seasons Wet and dry (wet season runs from around May to October)
            International Dialing Code 856
            Electricity 230V, 50 Hz
            System of Government Communist state
            Name and Party Affiliation of Current Leader President Thongloun Sisoulith (Since 2021) (Lao People’s Revolutionary Party)
            Income Tax Rate for Residents Income tax is levied at progressive rates from 5% to 25%
            Property Tax Income tax is levied on capital gains derived from selling real property.
            Inheritance Tax No
            Rental Income Tax 15%
            Transfer Tax Immaterial amount – depending on type of property- based on the sales price aprox. 2.4%
            Sales Tax 10%
            Restrictions on Foreign Ownership of Property Laos law stipulates that foreign citizens may not own land
            Local Chamber of Commerce  
            American Chamber of Commerce  
            Primary Exports Wood products, coffee, electricity, tin, copper, gold
            Residency and Visa Requirements Tourist Visas (B3) – Upon arrival now into Lao you receive a 1 month tourist visit for $35, this however is easily extended to 3 months but a visit to the immigration department
            Special Benefits for Foreign Residents or Retirees No
            National Airline Lao Airlines

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              Kathleen

              Reviewed By Kathleen Peddicord

              Kathleen is the Live and Invest Overseas Founding Publisher. She has more than 30 years of hands-on experience traveling, living, and buying property around the world.

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                Table Of Contents

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                Portugal is on the Iberian Peninsula, in the southwest corner of Europe. Portugal shares that peninsula Spain, its larger neighbor.

                Portugal is known for Fado music and also for being the largest cork producer in the world.

                Portugal’s high season is during July and August, especially to coastal areas. Expect to pay at least a 30% premium on accommodation and encounter warm weather across the country.

                Yes, Portugal is a sought after retirement destination. In fact, it’s one the world’s top retirement havens.

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