Is Laos still a least developed country?

UNITED NATIONS, Nov. 24 (Xinhua) — The UN General Assembly on Wednesday affirmed the graduation of Bangladesh, Laos, and Nepal from the least developed country (LDC) category.

Why Laos is the least developed country in Southeast Asia?

The emergence of capital-intensive natural resources activities — the country’s path to LDC graduation — has reduced Laos’ economic vulnerability index. It has reduced export concentration, export instability and the share of agriculture in GDP.

Which country is least developed Why?

According to the Human Development Index, Niger is the least developed country in the world with an HDI of . 354. Niger has widespread malnutrition and 44.1\% of people live below to the poverty line.

Why is Laos a developing country?

Since 2000, the country has been among the fastest growing economies in the world, recording average annual growth of around 7 percent, mostly driven by the capital-intensive resource sector (mining and hydropower) and supported by infrastructure development.

Is Lao PDR a LDC?

Lao PDR is currently listed as a Least Developed Country (LDC). Countries recorded in the LDC category are defined as low-income countries that are facing severe structural impediments to sustainable development.

Is Lao PDR a developed country?

Despite still being a least developed country (LDC), Lao PDR has made significant progress in poverty alleviation over the past 2 decades with poverty rates decling from 46\% in 1992 to 23\% in 2015.

What is the least developed country in Southeast Asia?

Zhuang, 2007. 2 Asia’s least developed countries are Afghanistan, Bangladesh, Bhutan, Cambodia, the Lao People’s Democratic Republic, Myanmar, Nepal, Solomon Islands and Timor-Leste. See also, for example, S.

What is the most undeveloped country in the world?

Here are the 10 countries with the lowest human development indexes:

• South Sudan (0.388)
• Chad (0.404)
• Burundi (0.417)
• Sierra Leone (0.419)
• Burkina Faso (0.423)
• Mali (0.427)
• Liberia (0.435)
• Mozambique (0.437)

Is Laos poor country?

Landlocked Laos is one of the world’s few remaining communist states and one of East Asia’s poorest. After the fall of the Soviet Union in the 1990s, Laos began opening up to the world. But despite economic reforms, the country remains poor and heavily dependent on foreign aid.