Laos has targeted gross domestic product (GDP) growth of eight percent in the 2007-2008 fiscal year, Laos' news agency KPL reported Tuesday.

The country has also eyed per capita income of 728 U.S. dollars and inflation rate of six percent in the year, starting in October, the agency quoted Lao Prime Minister Bouasone Bouphavanh as saying at an ongoing session of the National Assembly of Laos.

To this end, Laos is promoting goods production and exports, he said.

Laos gained GDP growth of 7.6 percent in the first six months of the 2006-2007 fiscal year, compared with the target of 7.5 percent for the whole year.

In the six-month period, the agricultural sector, which recorded growth of 2.4 percent, contributed 40.7 percent to Laos' GDP. Meanwhile, the industry and the service posted respective growths of 15.2 percent and seven percent, which made up 33.3 percent and 26 percent of the GDP.

Source: Xinhua