Download - Bank of the Lao PDR Annual Report 2012
ະຌາາຌຫຄ ສຎຎ ລາວ / Bank of the Lao PDR
ສາລະຍາຌ
Contents
ໜາ Page
າຫຌຏ ວາກາຌ 1 Message from the Governor 1
I. ສຈຊະກຈຂຬຄ ສຎຎ ລາວ 5 I. Lao Economic Performance 6
1. ຂະໜຄກະສກ າ 5 1. Agriculture 6
2. ຂະໜຄຬຈສາຫະກ າ 7 2. Industry 8
3. ຂະໜຄຍ ລກາຌ 7 3. Service 8
4. ກາຌຎຽຌຎຄເຄຎະກຬຍ ຈຑ 9 4. Changes in GDP Components 10
5. ລະຈຍລາາ 9 5. Price Level 10
II. ຂະໜຄກາຌຄຌຂຬຄລຈ 11 II. Public Finance 12
1. ຊາຌະກາຌຄຌຂຬຄລຈ 11 1. Fiscal Finance 12
2. ລາງອຍຄຍຎະຓາຌ 13 2. Revenues 14
3. ລາງາງຄຍຎະຓາຌ 15 3. Expenditures 14
4. ກາຌຈຌຈຽຄຄຍຎະຓາຌ 15 4. Financing 16
III. ຂະໜຄຄຌຉາ 17 III. Monetary Sector 18
1. ຌະເງຍາງຬຈຉາລກຎຽຌ 17 1. Exchange Rate Policy 18
2. ຌະເງຍາງຄຌຉາ 19 2. Monetary Policy 20
3. ຎະລຓາຌຄຌ 19 3. Monetary Supply 20
4. ຊາຌຄຌຉາ 21 4. Monetary Base 22
5. ຄຌຐາກຂຬຄະຌາາຌລະກຈ 21 5. Deposits 22
6. ສຌຆ ຬຂຬຄະຌາາຌລະກຈ 23 6. Credits 24
7. ຬຈຉາຈຬກຍງຄຌຐາກ ລະ ຄຌກ 23 7. Interest Rates Deposits and Loan 24
8. ກາຌຓຬຄຄຌຉາຉາຄຎະຈ ລະ ກາຌສ ຄສຓກາຌຌ າແຆຄຌກຍ 25
8. Foreign Currency Management and
the Promotion of the Use of Kip 26
9. ກາຌຓຬຄະຌາາຌລະກຈ 27 9. Commercial Bank Supervision 28
10. ກາຌ ຓຬຄສະຊາຍຌກາຌຄຌ 29 10. Financial Institutions Supervision 30
11. ວຽກຄາຌ ຓຬຄຉະຫາຈຫກຆຍ ແຌ ສຎຎ ລາວ 29 11. Stock Exchange Management 30
IV. ຈຌກາຌຆ າລະກຍຉາຄຎະຈ 31 IV. Balance of Payments 32
1. ກາຌາກຍຉາຄຎະຈ 33 1. Foreign Trade 34
2. ຈຌຍ ລກາຌ 33 2. Services 34
3. ຈຌລາງໂຈ 35 3. Factor Income 36
4. ຄຌເຬຌຆວງຫ ຬ 35 4. Current Transfers 36
5. ໜສຌຉາຄຎະຈ 35 5. External Debts 36
6. ຈຌຍຌຆຌ ລະ ກາຌຄຌ 37 6. Foreign Direct Investment 38
V. ຈາຄລວຓາຄຈາຌຓະຫາຑາກຄຌຉາຂຬຄ ສຎຎ ລາວ ຎ 2013 37 V. Lao Monetary Outlook for 2013 38
ສະຑາຍຍ ລຫາຌ 39 Executive Board 39
ຏຌວາຈ 1: ເຄອາຄກາຌຈຉຄະຌາາຌຫຄ ສຎຎ ລາວ 43 Chart 1: Organizational Chart of the BOL 44
ຏຌວາຈ 2: ເຄອາຄກາຌຈຉຄຂຬຄລະຍຍະຌາາຌ ແຌ ສຎຎ ລາວ 45
Chart 2: Organizational Chart of the
Lao Banking System 46
ຍຈລາງຄາຌສຈຊະກຈ ຎະ າຎ 2012 Annual Economic Report 2012
ສາລະຍາຌອ ຍ
List of Figures
ໜາ
Page
ອ ຍ 1: ກາຌຂະຫງາງຉວສຈຊະກຈ 5 Figure 1: GDP Growth Rate 6
ອ ຍ 2: ກາຌຂະຫງາງຉວຂະໜຄກະສກ າ 7 Figure 2: Growth of Agriculture 8
ອ ຍ 3: ກາຌຂະຫງາງຉວຂະໜຄຬຈສະຫະກ າ 7 Figure 3: Growth of Industry 8
ອ ຍ 4: ກາຌຂະຫງາງຉວຂະໜຄຍ ລກາຌ 9 Figure 4: Growth of Services 10
ອ ຍ 5: ກາຌຎຽຌຎຄເຄຎະກຬຍ ຈຑ 9 Figure 5: Changes of GDP Components 10
ອ ຍ 6: ຬຈຉາຄຌຒ 11 Figure 6: Inflation 12
ອ ຍ 7: ຊາຌະກາຌຄຌຂຬຄລຈ 13 Figure 7: Fiscal Performance 14
ອ ຍ 8: ລາງອຍຄຍຎະຓາຌ 13 Figure 8: Revenues 14
ອ ຍ 9: ລາງາງຄຍຎະຓາຌ 15 Figure 9 Expenditures 16
ອ ຍ 10: ກາຌຈຌຈຽຄຄຍຎະຓາຌ 17 Figure 10: Fiscal Financing 18
ອ ຍ 11: ຬຈຉາລກຎຽຌ 17 Figure 11: Exchange Rates 18
ອ ຍ 12: ຎະລຓາຌຄຌ M2 19 Figure 12: Money Supply (M2) 20
ອ ຍ 13: ຬຄຎະກຬຍຂຬຄ M2 ງກຉາຓສະກຌຄຌ 21 Figure 13: M2 by Currency Components 22
ອ ຍ 14: ຊາຌຄຌຉາ 21 Figure 14: Monetary Base 22
ອ ຍ 15: ຄຌຐາກຂຬຄະຌາາຌລະກຈ 23 Figure 15: Commercial banks’ Deposits 24
ອ ຍ 16: ສຌຆ ຬຂຬຄະຌາາຌລະກຈ 23 Figure 16: Commercial banks’ Credits 24
ອ ຍ 17: ຬຈຉາຈຬກຍງສະລງຄຌຐາກກ າຌຈ 12 ຈ ຬຌ 25 Figure 17: Average 12 Months Deposit Rates 26
ອ ຍ 18: ຬຈຉາຈຬກຍງສະລງຄຌກ ກ າຌຈ 12 ຈ ຬຌ 25 Figure 18: Average 12 Months Lending Rates 26
ອ ຍ 19: ຈຈຆະຌຉະຫາຈຫກຆຍລາວ ລະ ຓ ຌາອຌ ຓກາຌຆ -ຂາງ 31
Figure 19: Lao Stock Index Market and
Trading Volume 32
ອ ຍ 20: ຈຌກາຌຆ າລະກຍຉາຄຎະຈ 31 Figure 20: Balance of payments 32
ອ ຍ 21: ກາຌາຉາຄຎະຈ ລະ ກາຌຂະຫງາງຉວຂຬຄ ກາຌສ ຄຬຬກ-ຌ າຂາ 33
Figure 21: Foreign Trade and Growth Rate
of Exports - Imports 34
ອ ຍ 22: ຉວລກຌກຬຄຽວ ຂາຓາແຌ ສຎຎ ລາວ 35 Figure 22: Number of Tourist Arrivals to Lao PDR 36
ອ ຍ 23: ໜສຌຉາຄຎະຈ 35 Figure 23: External Debts 36
ະຌາາຌຫຄ ສຎຎ ລາວ / Bank of the Lao PDR
ຍຈລາງຄາຌສຈຊະກຈ ຎະ າຎ 2012 Annual Economic Report 2012
ະຌາາຌຫຄ ສຎຎ ລາວ / Bank of the Lao PDR
ສາລະຍາຌຉາຉະລາຄ
List of Tables
ໜາ/Page
ຉາຉະລາຄ 1: ຉວຆຍຬກສຈຊະກຈ ສ າຌຂຬຄ ສຎຎ ລາວ 47 Table 1: Selected Economic Indicators of
the Lao PDR
ຉາຉະລາຄ 2: ລວຓງຬຈຏະລຈຉະຑຌຑາງແຌ ຈໂລຉາຓຓ ຌາຑ ຓ 48
Table 2:Gross Domestic Product by
Value Added
ຉາຉະລາຄ 3: ຈຈຆະຌລາາຏ ຆຓແຆ 49 Table 3: Consumer Price Index (CPI)
ຉາຉະລາຄ 4: ຬຈຉາຄຌຒ 50 Table 4: Inflation
ຉາຉະລາຄ 5: ຊາຌະກາຌຄຌຂຬຄລຈ 51 Table 5: Status of Government Budget
ຉາຉະລາຄ 6: ລາງອຍຄຍຎະຓາຌ 53 Table 6: Revenues
ຉາຉະລາຄ 7: ຊາຌະກາຌຄຌຂຬຄະຌາາຌຫຄ ສຎຎ ລາວ 54 Table 7: Balance Sheet of the BOL
ຉາຉະລາຄ 8: ຊາຌະກາຌຄຌຂຬຄລະຍຍະຌາາຌ 55 Table 8: Monetary Survey
ຉາຉະລາຄ 9: ຬຈຉາຈຬກຍງ 56 Table 9: Interest Rates
ຉາຉະລາຄ 10: ຄຌຐາກຂຬຄະຌາາຌລະກຈ 58 Table 10: Commercial banks’ Deposits
ຉາຉະລາຄ 11: ສຌຆ ຬຂຬຄະຌາາຌລະກຈ 59 Table 11: Commercial banks’ Credits
ຉາຉະລາຄ 12: ຈຌກາຌຆ າລະກຍຉາຄຎະຈ 60 Table 12:Balance of Payments
ຉາຉະລາຄ 13: ກາຌາຉາຄຎະຈ 61 Table 13: Foreign Trade
ຉາຉະລາຄ 14: ໜສຌຉາຄຎະຈຂຬຄລຈ 62 Table 14: External Debts
ຉາຉະລາຄ 15: ຬຈຉາລກຎຽຌະຌາາຌຫຄ ສຎຎ ລາວ 63 Table 15: Official and Parallel Exchange Rates
ຉາຉະລາຄ 16: ຄຌເຬຌຂາຓາລຄຌເຈງກຄຂຬຄຉາຄຎະຈ ຏາຌລະຍຍະຌາາຌ 64
Table 16: FDI Funds Transferred Through
Banking System
ຉາຉະລາຄ 17: ລວຓກາຌລຄຌາກຉາຄຎະຈ ຍຄຉາຓຂະໜຄກາຌ 65
Table 17: Approved Foreign Direct
Investments by Sector
ຉາຉະລາຄ 18: ຉວລກຌກຬຄຽວ ລະ ລາງໂຈາກກາຌ ຬຄຽວຂຬຄລາວ
66
Table 18: Tourist Arrivals to Lao PDR and
Revenues from Tourism
ຍຈລາງຄາຌສຈຊະກຈ ຎະ າຎ 2012 Annual Economic Report 2012
າຽນຌຂບຄຏ ໄທໃ າກາຌະຌາາຌນໃ ຄ ຘຎຎ ຖາທ Message from the Governor
ເຌຎ 2012 ກາຌປກຘາຘະຊຌຖະຑາຍຈ ໄາຌຽຘຈຊະກຈ-ຽຄຌຉາແຈ ໄຎະຽຆຌກຍບຎະຘກ ຖະ ຘໃ ຄ ໄາາງນາງຎະກາຌ ຈງຘະຽຑາະຓໃ ຌຍຌນາທາຓຏຌຏທຌຂບຄບຈຉາຖກຎໃ ຌ, ຖາາຌ ໄາຓຌ ຖະ ຖາາ າເຌຉະນຖາຈຘາກຌ ຍຌນານຌ ໄຘຌຽບຕຍງຄຍ ໃ ຓຓາຈຉະ ກາຌກ ໄແຂແຈ ໄຂາຈຉບຈຉາກາຌນທໃ າຄຄາຌ ຖະ ບຈ ຉາຽຄຌຽຒໄຘຄ ດໃ ຎະຽຈຑຈະຌາ ຖະ ຎະຽຈກ າຖຄຑຈະຌາ ຘໃ ຄຏຌຽປຈເນ ໄຽຘຈຊະກຈຖກຂະນງາງຉທນຖຈຖຄຽນຖບຑຄ 3,20% າກ 3,80% ເຌຎ 2011.
ຽຊຄຓໃ ຌທໃ າຘະຑາຍທຈຖ ໄບຓຂບຄຘາກຌຍ ໃ ຽບ ໄບບ າຌທງກ ໃ ຉາຓ ຉໃ ຽຘຈຊະກຈຂບຄ ຘຎຎ ຖາທ ກ ໃ ງຄຘຍຉ ໃ ຂະນງາງຉທຽຂ ໄຓຂຄ ຖະ ຉ ໃ ຽຌໃ ບຄ ງ ໄບຌຑກຖະ ຖຈຊະຍາຌແຈ ໄຓຓາຈຉະກາຌ ຖະ ຌະງຍາງກະຉກຆກງ ໄຽຘຈຊະກຈດໃ າຄຉ ໃ ຽຌໃ ບຄ, ຍຌຈາຄກາຌຖຄ ຌຉໃ າຄໂຊກຈຉ ໄຄຎະຉຍຈຉາຓຏຌກາຌໃ ແຈ ໄກ າຌຈແທ ໄ, ຘະຽຑາະະຌາາຌນໃ ຄ ຘຎຎ ຖາທ ຽຑໃ ບປກຘາຘະ
ຊຌຖະຑາຍຽຄຌຉານໃ ຄຆາຈ ເນ ໄຓທາຓໝ ໄຌໃ ຄງາທຌາຌ, ບຈຉາຖກຎໃ ຌຓທາຓຘະນຄຍ, ບຈຉາຽຄຌຽຒໄ ຉ ໃ າກໃ ທາບຈຉາກາຌຂະນງາງຉທຂບຄຽຘຈຊະກຈຖະຍຍ ະຌາາຌຓທາຓໝ ໄຌຄຽຂ ໄຓຂຄຎະກບຍຘໃ ທຌຆກງ ໄປຄກາຌຑຈະຌາຽຘຈຊະກຈ-ຘຄຓ ນຈຏໃ ບຌທາຓ
In 2012, Bank of the Lao PDR (BOL)
faced with numerous obstacles and
challenges in maintaining monetary
stability, particularly the volatility of
exchange rate, oil price and gold price in
global market, a public debt crisis in EU
zone with no explicit measures, high
unemployment and inflation rates in both
advanced and developing countries. As a
result, the world economy slowed down
from 3.80% to 3.20% 2011.
Despite unfavorable economic
conditions from the globe, Lao economic
growth remained strong due to the Party and
Government rightly undertook
macroeconomic policies and measures to
stimulate the Lao economy and those were
implemented in line with the plans. In order
to maintain a long-term monetary stability:
stabilized exchange rate, inflation rate
below economic growth rate, safe and
sound banking system to support the socio-
economic development and achieve the
target of poverty alleviation. The BOL has
undertaken exchange rate policy as a main
instrument to maintain monetary stability by
setting a daily reference rate of Kip vis-a-
ະຌາາຌນໃ ຄ ຘຎຎ ຖາທ / Bank of the Lao PDR
ຍຈຖາງຄາຌຽຘຈຊະກຈ ຎະ າຎ 2012 Annual Economic Report 2012
ກງາກຂບຄຎະຆາຆຌ ເນ ໄຍຌຖຉາຓຏຌກາຌໃ ແຈ ໄກ າ ຌຈແທ ໄ ະຌາາຌນໃ ຄ ຘຎຎ ຖາທ ແຈ ໄຊຽບາຌະງຍາງບຈຉາຖກຎໃ ຌຽຎຌຽໃ ບຄຓຑ ໄຌຊາຌ ເຌກາຌປກຘາຘະ ຊຌຖະຑາຍຽຄຌຉານໃ ຄຆາຈຈ ໄທງກາຌກ າຌຈ ບຈຉາຖກຎໃ ຌບ ໄາຄບຄຎະ າທຌ ກຍ/ຈຖາ ຽຑໃ ບເນ ໄະຌາ າຌຖະກຈ ເຆ ໄຽຎຌຑ ໄຌຊາຌກ າຌຈບຈຉາຖກຎໃ ຌຂບຄຉຌ, ຈຈຘຓຽຄຌຉາຉໃ າຄຎະຽຈ ເນ ໄຑຄຑ ຈງຑ ໄຌ ຊາຌກຍທາຓຉ ໄບຄກາຌຂບຄຘຄຓ; ຎະຉຍຈຌະງຍາງຽຄຌຉາຍຍຎະຘຓຎະຘາຌ ຈ ໄທງກາຌຘຍຉ ໃ ຌ າເຆ ໄຽໃ ບຄຓຽຄຌຉາາຄບ ໄບຓ ຽຎຌຉ ໄຌ: ບຈຉາຈບກຽຍ ໄງຽຄຌກ ໄ, ປກຘາບຈຉາຽຄຌປຐາກຍຄຍ ຖະ າໜໃ າງຑຌ ະຍຈ ນຖ; ຘໃ ຄຽຘຓກາຌຌ າເຆ ໄຽຄຌກຍ ຖະ ຆ ກງ ໄຘໃ ຄຽຘຓກາຌຆ າຖະຑາງເຌຽຎຌຽຄຌກຍ ຖະ ໄຓບຄກາຌຌ າຽຂ ໄາ-ຘໃ ຄບບກຽຄຌຉາຉໃ າຄຎະຽຈ ຖະ ທຈຊຓ ໃ າດໃ າຄເກ ໄຆຈ.
ຑ ໄບຓກຌຌ ໄ, ນຖ ງຄຘຍຉ ໃ ຆກງ ໄເນ ໄະຌາາຌຖະກຈ ຽຑໃ ຓະທກາຌຖະຈຓຽຄຌຐາກ ຈ ໄທງກາຌຎຍ ຎຄຖະຍຍກຌແກກາຌຍ ຖກາຌ ເນ ໄຘະຈທກຘະຍາງຖະ ນຌຘໃ ຌຘະແໝຽໃ ບຖະກ ໄາທ, ຑ ໄບຓຄເນ ໄຎຍຎຄຂະ ນງາງຉາໜໃ າຄ ກາຌຍ ຖກາຌຖຄຘໃ ຂ ໄຌຽຓບຄເນ ໄໃ ທຽຊຄກທໃ າຽກໃ າ ຖະ ຌ າເຆ ໄໜໃ ທງຖະຈຓຽຄຌຐາກຽໃ ບຌໃ ຽຑໃ ບຽຂ ໄາຽຊຄຖກ ໄາ, ຌ າເຆ ໄຏະຖຈຉະຑຌຽຄຌຐາກເໝໃ ໂໃນາກນາງຽຑໃ ບຄເ ຽຆໃ ຌ: ຐາກຽຄຌຆຄຆກ, ຽຄຌຐາກຎະ າໃ າງຈບກຽຍ ໄງຖໃ ທຄໜໄາ, ຐາກຽຄຌຏໃ າຌຉ ໄຽບຽບຓ;
ຎຍຎຄຖະຍຍກາຌຍ ຖກາຌເນ ໄຓທາຓຘະຈທກທໃ ບຄແທ, ນຈຏໃ ບຌຂ ໄຌຉບຌກາຌຍ ຖກາຌເນ ໄຓທາຓກະຈປຈ
ຽປຈເນ ໄຖະຍຍະຌາາຌຘາຓາຈຖະຈຓຌາກຘຄຓແຈ ໄດໃ າຄກທ ໄາຄຂທາຄ ຘ ໄາຄຘະຑາຍທຈຖ ໄບຓໃ ຈເນ ໄະຌາ າຌຖະກຈຽຎຌຽ ໄາກາຌຘະໜບຄຽຆໃ ບເນ ໄກໃ ຄກາຌໃ ຓຎະຘຈຏຌ ຈງກາຌຎຍຎຄກຌແກ ຖະ ຂ ໄຌຉບຌກາຌຑາຖະຌາຽຄຌກ ໄ ຽຑໃ ບເນ ໄຏ ໄຎະກບຍກາຌຽຂ ໄານານໃ ຄຌແຈ ໄຄໃ າງຂ ໄຌ ຖະ ຘາຓາຈຌ າເຆ ໄຄກາຌຽຄຌກ ໄໃ ຓຎະຘຈຏຌ ຽຎຌນຖກຆຍ ໄາຎະກຌຽຄຌກ ໄ; ຽບາເເຘໃ ຉຈຉາຓ ຖະ ກທຈກາກາຌຽໃ ບຌແນທຂບຄະຌາ າຌຖະກຈ ຖະ ຘະຊາຍຌກາຌຽຄຌດໃ ຑາງເຉ ໄກາຌ ໄຓບຄຂບຄ ນຖ ດໃ າຄເກ ໄຆຈ ຖະ ຽຎຌຎກກະຉ.
vis USD for commercial banks to determine
their own exchange rates, intervene the
foreign exchange market to ensure the
supply of foreign exchanges meets with
social demand; implemented a combined
monetary policy framework by using
indirect monetary instruments such as:
maintaining BOL lending rates and the
reserve requirement ratios, issuing the BOL
bills; encouraging the use of kip and
promoting domestic payment in kip and
continuing to supervise over import-export
of foreign currencies and precious metals.
At the same time, the BOL continued
to encourage commercial banks to increase
their deposit mobilization by improving
services mechanism and IT modernizing
gradually; to improve and expand
commercial banks’ network to provide a
greater access to district levels together with
make use of those available mobile deposit
units to get access to customers; to provide
more diversified deposit account types to
attract more customers such as: prize draw
deposits, advanced interest payment
deposits, making deposits via ATM and etc;
increasingly improved customer services
mechanism and ensure promptly response,
streamlined service process in order for
commercial banks to be able to mobilize
fund from social more broadly; generated
more favorable business climate for
commercial banks to provide credit to those
viable companies and projects by focusing
on the improvement of regulatory
framework and loan approval mechanism to
allow a better access for entrepreneurs, and
introduced a scheme of using productive
projects as loan collateral. In addition, the
BOL paid more attention over transaction of
both commercial banks and financial
institutions and ensure entire operations are
under the BOL’s supervision.
The BOL continued to support and
develop the Lao Securities Exchange (LSX)
by creating stock market legislative law,
and keep a close watch over the operation of
listed companies and audit companies;
ະຌາາຌນໃ ຄ ຘຎຎ ຖາທ Bank of the Lao PDR
ຍຈຖາງຄາຌຽຘຈຊະກຈ ຎະ າຎ 2012 Annual Economic Report 2012
ະຌາາຌນໃ ຄ ຘຎຎ ຖາທ / Bank of the Lao PDR
ຘຍຉ ໃ ຘໃ ຄຽຘຓ ຖະ ຑຈະຌາຉະນາຈນກຆຍຈ ໄທງກາຌຘ ໄາຄກຈໝາງທໃ າຈ ໄທງນກຆຍ, ຽບາເເຘໃ ໄຓບຄກາຌຽໃ ບຌແນທຂບຄຍ ຖຘຈນກຆຍ ຖະ ຍ ຖຘຈກທຈຘບຍຉາຓຖະຍຍກຈໝາງ; ຎກຖະຈຓຂຌຂທາງຍ ຖຘຈຄຑາກຖຈ ຖະ ຽບກະຆຌ ໃ ຓຽຄ ໃບຌແຂ ຽຑໃ ບກະກຓບບກປ ໄຌ ຖະ ຈະຍຌເຌຉະນາຈນກຆຍຖາທ; ບະຌງາຈເນ ໄຍ ຖຘຈຏະຖຈແຒຒໄາຖາທ ຓະນາຆຌ
າໜໃ າງປ ໄຌ ຽຑໃ ບຖະຈຓຌ; ຌບກາກຌ ໄ ງຄແຈ ໄຘຓເຘໃຘະຌາຽຏງຏໃ ທກຄາຌນກຆຍຈງຏໃ າຌຘໃ ຉໃ າຄ ຖທຓຄຈກບຄຎະຆຓດໃ ຘຌກາຄ ຖະ ໄບຄຊໃ ຌດໃ າຄຉ ໃ ຽຌໃ ບຄ.
ຏໃ າຌກາຌຈຉ ໄຄຌະງຍາງໃ ຘບຈໃ ບຄ ຖະ
ຌກຍຘະຑາຍກາຌຽປຈເນ ໄະຌາາຌນໃ ຄ ຘຎຎ ຖາທ
ຘາຓາຈຎະກບຍຘໃ ທຌຆກງ ໄ ຽຘຈຊະກຈນໃ ຄຆາຈ ຂະ ນງາງຉທຽຂ ໄຓຂຄ ດໃ ເຌຖະຈຍ 7,93%, ຖາງແຈ ໄຉ ໃ ນທຌ ຘະຽຖໃ ງ 1.396 ຈຖາຘະນະຖຈ, ບຈຉາຽຄຌຽຒໄຘະຽຖໃ ງເຌຎ 4,26%; ບຈຉາຖກຎໃ ຌຓໃ ຌຓທາຓຘະ ນຄຍ ຖະ ໝໄຌໃ ຄ, ຽຄຌກຍຂຄໃ າ 0,26% ຍເຘໃຽຄຌຈຖາຘະນະຖຈ, ຉໃ ບໃ ບຌໃ າ 2,26% ຍເຘໃ ຽຄຌຍາຈ ຽຓໃ ບຍເຘໃ ຎ 2011; ຄຘ າປບຄຽຄຌຉາຉໃ າຄຎະຽຈຘາຓາຈກ ໄຓກາຌຌ າຽຂ ໄາແຈ ໄ 5,22 ຽຈບຌ; ຎະຖຓາຌຽຄຌ M2 ຽຑໃ ຓຂ ໄຌເຌຖະຈຍໃ ທຍຓແຈ ໄ 31,05%;
ຽຄຌຐາກໃ ທຖະຍຍະຌາາຌຖະກຈ ຽຑໃ ຓຂ ໄຌ32,57% ຽຓໃ ບຍເຘໃ ໄາງຎ 2011 ນຖ ຽໃ າກຍ
40,81% ຂບຄ GDP, ຘຌຽຆໃ ບຂບຄະຌາາຌຖະກຈ
ເນ ໄກໃ ຑາກ ຘໃ ທຌຽຘຈຊະກຈ ຽຑໃ ຓຂ ໄຌ 33,80% ນຖ
ຽໃ າກຍ 35,15% ຂບຄ GDP, ນຌ ໄຍ ໃ ຽກຈຈບກບບກຏຌຂບຄຖະຍຍະຌາາຌ ດໃ ເຌຖະຈຍຽຖໃ ງ 3,88%.
ຈຈຆະຌຉະນາຈນກຆຍຖາທ ຎຈດໃ ໃ 1.214,77 ຈ
ເຌຽຈບຌ 12/2012 ຍເຘໃ ຽຈບຌ 12/2011 ຽຑໃ ຓຂ ໄຌ
35,06%
ເຌຎ 2013 າຈທໃ າຽຘຈຊະກຈຖກ ງຄຘຍຉ ໃຂະນງາງຉທເຌຖະຈຍຉ ໃ າ ຘະຽຖໃ ງຎະຓາຌ 3,50%
1.
ເຌຌ ໄຌ, ຎະຽຈຑຈະຌາຖ ໄທະຂະນງາງຉທຑຄ 1,40%, ຘໃ ທຌຎະຽຈກ າຖຄຑຈະຌາະຂະນງາງຉທ
5,50% ຽຌໃ ບຄາກຍຌນານຌ ໄຘຌດໃ ຂຄຽຂຈຽບຕຍ,ແຑ າຓະຆາຈໃ ປຌປຄ ຖະ ຊໃ ຂ ໄຌເຌໃ ທຖກ ຖາາຌ ໄາຓຌ
encouraged public and private companies
that legible to issue shares and to be listed
in the LSX; granted to EDL-Gen public
company to issue share for mobilization
purposed. Besides that, the BOL continued
to promote and disseminate the securities
exchange knowledge via diverse channels
including seminars in both at Vientiane
capital and local continuously.
Upon the implementation of
appropriate policies, the BOL has made
impressive progress and contributed to
achieve economic growth to 7.93 percent,
lifting GDP per capita at USD 1,396, an average annual inflation rate stood at
4.26 percent; exchange rate remained stable,
Kip appreciated by 0.26 percent against
USD but depreciated 2.26 percent against
Thai Baht compared to 2011; the level of
foreign reserves could cover 5.22 months;
money supply (M2) continued to increase in
a manageable levels at 31.05 percent; total
deposits of commercial banks rose by 32.57
percent compared to 2011 or equivalent to
40.81 percent of GDP, total credit provided
by commercial banks to economy rose by
33.80 percent or represented 35.15 percent
of GDP, an average rate of non-performing
loan (NPL) of commercial banks stood at
3.88 percent and LSX index closed at
1,214.77 points in 12/2012 or increased by
35.06 percent compared to 12/2011.
Despite the projection of global
economic outlook in 2013, global growth is
expected to be increasing in a low level of
3.50 percent. Of which, advanced countries
will be increasing at 1.40 percent, and
developing countries at 5.50 percent caused
by external debt crisis in Europe zone,
natural calamities that increasingly occur
around the globe, a price hike in oil, gold
and stock price, exchange rate fluctuation in
international market. However, Lao
economic outlook in 2013 remains
favorable and economic growth is projected
to be at a robust rate of 8.30 percent;
1 ໃ າບໃ ຄຂບຄຽຘຈຊະກຈຖກຂບຄກບຄຌຘາກຌ ຘະຍຍ 1/2003 1 World Economic Outlook, IFM issued 1/2003
ະຌາາຌນໃ ຄ ຘຎຎ ຖາທ / Bank of the Lao PDR
ຍຈຖາງຄາຌຽຘຈຊະກຈ ຎະ າຎ 2012 Annual Economic Report 2012
ຍຈຖາງຄາຌຽຘຈຊະກຈ ຎະ າຎ 2012 Annual Economic Report 2012
ຖາາ າ, ຖາາປ ໄຌ ຖະ ບຈຉາຖກຎໃ ຌຓທາຓຏຌຏທຌດໃ ເຌຉະນຖາຈຘາກຌ. ຽຊຄດໃ າຄເຈກ ໃ ຉາຓ, ຽຘຈຊະ
ກຈຂບຄ ຘຎຎ ຖາທ ເຌຎໜໄາຌ ໄ, າຈທໃ າະຂະນງາງ
ຉທດໃ າຄຽຂ ໄຓຂຄ ຖະ ຉ ໃ ຽຌໃ ບຄ ຘະຽຖໃ ງຎະຓາຌ 8,30%
ຉ ໃ ຎ, ບຈຉາຽຄຌຽຒໄດໃ ເຌຖະຈຍຉ ໃ າກທໃ າບຈຉາກາຌຂະ
ນງາງຉທຂບຄຽຘຈຊະກຈ, ຄຘ າປບຄຽຄຌຉາຉໃ າຄຎະຽຈຘາຓາຈກ ໄຓກາຌຌ າຽຂ ໄາຍ ໃ ນຖຈ 5 ຽຈບຌ, ບຈຉາຖກຎໃ ຌຓທາຓຘະນຄຍຎກກະຉ ຽໜຄຉຄເຌຂບຍຽຂຈ ± 5,00%, ໄຓບຄະຌາາຌຖະກຈ ຖະ ຘະຊາຍຌກາຌຽຄຌເນ ໄຓທາຓໝ ໄຌຄງາທຌາຌ.
inflation rate is projected to be lower than
economic growth rate, foreign reserves will
cover more than 5 months of imports,
exchange rate will be moving within the
band of ± 5.00 percent, supervision over
commercial banks and financial institutions
to be strengthened.
ຏ ໄທໃ າກາຌະຌາາຌນໃ ຄ ຘຎຎ ຖາທ
Governor of the Bank of the Lao PDR
ະຌາາຌນໃ ຄ ຘຎຎ ຖາທ / Bank of the Lao PDR
ຍຈຖາງຄາຌຽຘຈຊະກຈ ຎະ າຎ 2012
I. ຽຘຈຊະກຈຂບຄ ຘຎຎ ຖາທ ເຌຎ 2012, ຽຊຄຓໃ ຌທໃ າຘະຑາຍທຈຖ ໄບຓຘາກຌຎະຽຆຌກຍຘໃ ຄ ໄາາງນາງດໃ າຄກ ໃ ຉາຓ, ຘະຑາຍຽຘຈ
ຊະກຈຂບຄ ຘຎຎ ຖາທ ຈງຖທຓຘຍຉ ໃ ຂະນງາງຉທຘຄ ຖະ ຉ ໃ ຽຌໃ ບຄ, ຘາຓາຈຂະນງາງຉທເຌຖະຈຍ 7,93%
(ປຍ 1); GDP (ຖາາຎະຍຌ) ຍຌຖ 72.727,45 ຉ ໄກຍ (ຉາຉະຖາຄ 2), ຽປຈເນ ໄຖາງແຈ ໄຘະຽຖໃ ງຉ ໃ ນທຌ
ຽຑໃ ຓຂ ໄຌ າກ 1.263 ຈຖາຘະນະຖຈ ເຌຎ 2011 ຓາຽຎຌ 1.396 ຈຖາຘະນະຖຈເຌຎ 2012.
ຎຈເຉ ໄຌຉ ໃ ຆກງ ໄເນ ໄຽຘຈຊະກຈຂບຄ ຘຎຎ ຖາທ ຓໃ ຌຂະໜຄຍ ຖກາຌຈ ໄາຌກາຌ ໄາ, ຂາງງກ-ຂາງ ງໃ ບງ, ຘ ໄບຓຎຄ, ກາຌຍ ຖກາຌຂຌຘໃ ຄ, ຘາຄ, ແຎຘະຌ-ຖະຓຓະຌາຓ ຖະ ກາຌຍ ຖກາຌຂບຄຑາກຖຈ. ປບຄຖຄຓາ ຓໃ ຌຂະໜຄບຈຘານະກ າ ຖະ ຂະໜຄກະຘກ າ, ຎໃ າແຓ ໄ-ກາຌຎະຓຄ. ຑ ໄບຓກຌຌ ໄຌ, ງ ໄບຌ ຘຎຎ ຖາທ ຓຘະຑາຍຽຄ ໃບຌແຂໃ ຽບ ໄບບ າຌທງ ຽປຈເນ ໄຓກາຌຖຄຌຄຑາງເຌ ຖະ ຉໃ າຄຎະຽຈ ຽຑໃ ຓຂ ໄຌ ຈງຘະຽຑາະ ກະຘຽຄຌຌແນຽຂ ໄາຂບຄກາຌຖຄຌຈງກຄາກຉໃ າຄຎະຽຈ ຖະ ກາຌຖຄຌກ ໃ ຘ ໄາຄຑ ໄຌຊາຌຄຖໃ າຄ ຽຑໃ ບກະ ກຓກບຄຎະຆຓບາຽຆຍ ໄຄ 7; ກບຄຎະຆຓບາຽຆຓ ໄຄ 9 ຖະ ຄາຌກຖາຓະນາທະງາແຖບາຆຌ ໄຄ 16, ຑ ໄບຓຄຓກາຌຎະກບຍຘໃ ທຌາຄຈ ໄາຌນໃ ຄຌຂບຄຂະໜຄກາຌະຌາາຌ ເຌກາຌຆກງ ໄຑ ໄຌຊາຌຽຘຈຊະກຈ ຽຎຌຉ ໄຌ ຂະໜຄກາຌຏະຖຈ, ຖະກຈ, ກາຌກ ໃ ຘ ໄາຄ ຖະ ບໃ ຌໂ.
1. ຂະໜຄກະຘກ າ
ເຌຎ 2012 ຍເຘໃ ຎ 2011, ຂະໜຄກະຘກ າຂະນງາງຉທເຌຖະຈຍ 3,27%; ຈງຓຓຌໃ າຄໝຈ
ຍຌຖແຈ ໄ 9.879,54 ຉ ໄກຍ ຖະ ກທຓຽບາ 26,90% ຂບຄ GDP (ປຍ 2). ຂະໜຄກາຌໃ ຑາເນ ໄຽຑໃ ຓຂ ໄຌ ຓໃ ຌກາຌຎກຐຄ ຖະ ຖ ໄ ຄຘຈ ຽຑໃ ຓຂ ໄຌ 5,19% ນ ກທຓຽບາ 22,11% ຂບຄ GDP; ກາຌຎະຓຄ ຽຑໃ ຓຂ ໄຌ 4,94% ນ
ກທຓຽບາ 3,19% ຂບຄ GDP; ກຄກຌຂ ໄາຓ ຂະໜຄຎໃ າແຓ ໄ ນຈຖຄ 19,56% ນ ກທຓຽບາ 1,60% ຂບຄ GDP.
7,78%7,50%
8,13% 8,04% 7,93%
1
2
3
4
5
6
7
8
9
10
2008 2009 2010 2011 2012
ບຈຉາກາຌຂະນງາງຉທຂບຄຽຘຈຊະກຈ (ຈຑ)
ປຍ 1: ບຈຉາກາຌຂະນງາງຂບຄຽຘຈຊະກຈ (ຈຑ)
ນໃ ຄຂ ໄຓຌ: ກຓຘະຊຉຽຘຈຊະກຈ, ຘຌຘະຊຉນໃ ຄຆາຈ, ກະຆທຄຏຌກາຌ ຖະ ກາຌຖຄຌ
ຽຎຽຆຌ (%)
ະຌາາຌນໃ ຄ ຘຎຎ ຖາທ
Bank of the Lao PDR
Annual Economic Report 2012
I. Lao Economic Overview In 2012, despite international environments were faced with various challenges, Lao
economic performance continued to describe high and sustained growth at 7.93 percent
(Figure 1). The total value of GDP in current price stood at Kip 72,727.45 billion
(Table2), which resulted in GDP per capita income rose from 1,263 US dollar in 2011 to
1,396 US dollar in 2012.
The key factors boosting the expansion and strong growth of Lao economy were
trade service, wholesale, retail trade, repairs; transport and community-action and
producers of Government services; followed by industrial and agricultural sectors and
forestry-fishing sectors. Besides, the large increase in domestic and foreign investments
had supported the growth rate due to favorable conditions in Lao PDR, especially capital
flows from Foreign Direct Investment (FDI) and investment on infrastructure for the
preparation of the 7th ASEP meeting; the 9th ASEM meeting and the 16th Asian University
Game. In addition, the large amount of fund contributed by the banking sector also helped
to boost economic activities such as manufacturing, businesses, construction and others.
1. Agriculture Agricultural sector slightly increased by 3.27 percent compared to last year, with the
total value of Kip 9,879.54 billion and represented 26.90 percent of GDP (Figure 2). The
main factors to the rise were agriculture and livestock increased by 5.19 percent or 22.11
percent of GDP; fishing increased by 4.94 or 3.19 percent of GDP; while forestry dropped
by 19.56 percent or 1.60 percent of GDP.
7.78% 7.50%8.13% 8.04% 7.93%
1
2
3
4
5
6
7
8
9
10
2008 2009 2010 2011 2012
GDP Growth
Percent Figure 1: GDP Growth Rate
Source: Department of Economic Statistics, Lao statistics Bureau
Ministry of Planning and Investment
ຍຈຖາງຄາຌຽຘຈຊະກຈ ຎະ າຎ 2012
2. ຂະໜຄບຈຘານະກ າ
ເຌຎ 2012 ຍເຘໃ ຎ 2011, ຂະໜຄບຈຘານະກ າຂະນງາງຉທເຌຖະຈຍ 11,41%, ຈງຓຓຌໃ າຄ ໝຈຍຌຖແຈ ໄ 10.411,10 ຉ ໄກຍ ນ ກທຓຽບາ 28,34% ຂບຄ GDP (ປຍ 3). ເຌຌ ໄຌ, ຂະໜຄກາຌກ ໃ ຘ ໄາຄ ຽຑໃ ຓ
ຂ ໄຌ 19,15% ນ ກທຓຽບາ 6,70% ຂບຄ GDP; ຂະໜຄບຈຘານະກ າຎຄຉໃ ຄ ຽຑໃ ຓຂ ໄຌ 14,54% ນ ກທຓຽບາ 10,17% ຂບຄ GDP; ຂະໜຄບຈຘານະກ າຍ ໃ ປໃ -ກາຌຂຈ ໄຌ ຽຑໃ ຓຂ ໄຌ 8,10% ນ ກທຓຽບາ 6,98% ຂບຄ GDP
ຖະ ຂະໜຄບຈຘານະກ າແຒຒໄາ-ຌ ໄາຎະຎາ ຽຑໃ ຓຂ ໄຌ 0,25% ນ ກທຓຽບາ 4,49% ຂບຄ GDP (ຉາຉະຖາຄ 2).
3. ຂະໜຄຍ ຖກາຌ
ເຌຎ 2012, ຂະໜຄກາຌຍ ຖກາຌຂະນງາງຉທເຌຖະຈຍ 9,23%, ຓຌໃ າຄໝຈຍຌຖແຈ ໄ 14.155,79 ຉ ໄ
ກຍ ນ ກທຓຽບາ 38,54% ຂບຄ GDP (ປຍ 4); ເຌຌ ໄຌ, ກາຌຍ ຖກາຌຈ ໄາຌກາຌຽຄຌ ຽຑໃ ຓຂ ໄຌ 11,93% ນ
ກທຓຽບາ 3,68% ຂບຄ GDP; ກາຌຍ ຖກາຌຈ ໄາຌກາຌ ໄາ, ຂາງງກ, ຂາງງໃ ບງ ຖະ ຘ ໄບຓຎຄ ຽຑໃ ຓຂ ໄຌ
10,35% ນ ກທຓຽບາ 19,75% ຂບຄ GDP; ກາຌຍ ຖກາຌຂບຄຑາກຖຈ ຽຑໃ ຓຂ ໄຌ 9,42% ນ ກທຓຽບາ 7,53%
ຂບຄ GDP; ກາຌຍ ຖກາຌຈ ໄາຌປຄປຓ ຖະ ປ ໄາຌບານາຌ ຽຑໃ ຓຂ ໄຌ 8,35% ນ ກທຓຽບາ 0,72% ຂບຄ GDP;
ກາຌຍ ຖກາຌຈ ໄາຌກາຌຽຆໃ າຆ ໄ ຖະ ກາຌຍ ຖກາຌຖະກຈ ຽຑໃ ຓຂ ໄຌ 8,00% ນ ກທຓຽບາ 2,99% ຂບຄ GDP;
ກາຌຍ ຖກາຌຈ ໄາຌກາຌຂຌຘໃ ຄ, ຘາຄ, ແຎຘະຌ ຖະ ຖະຓຓະຌາຓ ຽຑໃ ຓຂ ໄຌ 6,27% ນ ກທຓຽບາ 4,71%
ປຍ 2: ບຈຉາກາຌຂະນງາງຉທຂບຄຂະໜຄກະຘກ າ
3,72% 2,83% 3,19% 2,66% 3,27%
32,41% 31,00%29,58%
28,11%26,90%
0
5
10
15
20
25
30
35
2008 2009 2010 2011 2012
ບຈຉາກາຌຂະນງາງຉທຂະໜຄກະຘກ າ ບຈຉາຘໃ ທຌຂະໜຄກະຘກ າຉ ໃ (ຈຑ)
ປຍ 3: ບຈຉາກາຌຂະນງາງຉທຂບຄຂະໜຄບຈຘານະກ າ
10,42%
18,48% 17,49%
14,62%
11,41%
21,61%23,82%
25,88%27,46% 28,34%
0
5
10
15
20
25
30
2008 2009 2010 2011 2012
ບຈຉາກາຌຂະນງາງຉທຂະໜຄບຈຘານະກ າ ບຈຉາຘໃ ທຌຂະໜຄບຈຘານະກ າຉ ໃ (ຈຑ)
ນໃ ຄຂ ໄຓຌ: ກຓຘະຊຉຽຘຈຊະກຈ, ຘຌຘະຊຉນໃ ຄຆາຈ, ກະຆທຄຏຌກາຌ ຖະ ກາຌຖຄຌ
ນໃ ຄຂ ໄຓຌ: ກຓຘະຊຉຽຘຈຊະກຈ, ຘຌຘະຊຉນໃ ຄຆາຈ, ກະຆທຄຏຌກາຌ ຖະ ກາຌຖຄຌ
ຽຎຽຆຌ (%)
ຽຎຽຆຌ (%)
ະຌາາຌນໃ ຄ ຘຎຎ ຖາທ
Bank of the Lao PDR
Annual Economic Report 2012
2. Industry Industrial sector increased by 11.41 percent compared to last year, with the Total
value of Kip 10,411.10 billion or equivalent to 28.34 percent of GDP (Figure 3). Of
which, construction rose by 19.15 percent or 6.70 percent of GDP, manufacturing
increased by 14.54 percent or represented 10.17 percent of GDP; mining and quarrying
rose by 8.10 percent or 6.98 percent of GDP, and electricity and water rose by 0.25
percent or 4.49 percent of GDP (Table 2).
3. Service In 2012, service sector increased by 9.23 percent, which was amounted at Kip
14,155.79 billion and represented 38.54 percent of GDP (Figure 4). Of which, financial
intermediation rose by 11.93 percent or 3.68 percent of GDP, trade service, wholesale,
retail trade and repair rose by 10.35 percent or covered 19.75 percent of GDP;
Government services rose by 9.42 percent or 7.53 percent of GDP; hotels and restaurants
rose by 8.35 percent or covered 0.72 percent of GDP; real estate and business service rose
by 8.00 percent or 2.99 percent of GDP; transport and community-action rose by 6.27
percent or 4.71 percent of GDP; private households with employed persons rose by 5.64
3.72% 2.83% 3.19% 2.66% 3.27%
32.41%31.00%
29.58%28.11%
26.90%
0
5
10
15
20
25
30
35
2008 2009 2010 2011 2012
Growth Rate of Agriculture Agricultural Component of GDP
Figure 2: Growth of Agriculture
10.42%
18.48%17.49%
14.62%
11.41%
21.61%23.82%
25.88%27.46% 28.34%
0
5
10
15
20
25
30
2008 2009 2010 2011 2012
Growth Rate of Industry Industrial Component of GDP
Percent
Source: Department of Economic Statistics, Lao statistics Bureau
Ministry of Planning and Investment
Figure 3: Growth of Industry
Percent
Source: Department of Economic Statistics, Lao statistics Bureau
Ministry of Planning and Investment
ຍຈຖາງຄາຌຽຘຈຊະກຈ ຎະ າຎ 2012
ຂບຄ GDP; ກາຌ ໄາຄຄາຌຑາງເຌທຽປບຌ ຽຑໃ ຓຂ ໄຌ 5,64% ນ ກທຓຽບາ 0,67% ຂບຄ GDP; ກາຌຍ ຖກາຌ
ຈ ໄາຌຓທຌຆຌ, ຘຄຓ ຖະ ຘໃ ທຌຍກຌ ຽຑໃ ຓຂ ໄຌ 5,00% ນ ກທຓຽບາ 1,62% ຂບຄ GDP;
4. ກາຌຎໃ ຌຎຄຄຎະກບຍ GDP
ຄຎະກບຍຂບຄ GDP ເຌຎ 2012, ຂະໜຄກາຌຍ ຖກາຌ ງຄກທຓບຈຉາຘໃ ທຌເນງໃ ຆໃ ຄກທຓ 38,54%
ຂບຄ GDP ນ ຽຑໃ ຓຂ ໄຌ 9,23% ຍກຍຎຏໃ າຌຓາ; ປບຄຖຄຓາຓໃ ຌຂະໜຄບຈຘານະກ າ ກທຓຽບາ 28,34%
ຂບຄ GDP ນ ຽຑໃ ຓຂ ໄຌ 11,41 % ຍກຍຎຏໃ າຌຓາ; ຘ າຖຍຂະໜຄກະຘກ າ ກທຓຽບາ 26,90% ຂບຄ GDP ນ
ຽຑໃ ຓຂ ໄຌ 3,27% ຍກຍຎຏໃ າຌຓາ ຖະ ຑາຘຌ າຽຂ ໄາ ກທຓຽບາ 6,22% ນ ຽຑໃ ຓຂ ໄຌ 5,69% (ປຍ 5).
5. ຖະຈຍຖາາ
ຎ 2012, ບຈຉາຽຄຌຽຒໄຘະຽຖໃ ງໝຈຎດໃ ເຌຖະຈຍ 4,26% ນຈຖຄາກ 7,58% ຂບຄຎ 2011, ຘະຑາຍບຈ ຉາຽຄຌຽຒໄຂບຄ ຘຎຎ ຖາທ ຘາຓາຈປກຘາແຈ ໄຉາຓາຈໝາງໃ ກ າຌຈແທ ໄ (ຘະຽຖໃ ງໝຈຎເຌຖະຈຍໜໃ ຄຉທຽຖກ
ຖະ ຉ ໃ າກທໃ າບຈຉາກາຌຂະນງາງຉທຂບຄຽຘຈຊະກຈ). ຘາຽນຈໃ ຽປຈເນ ໄບຈຉາຽຄຌຽຒໄຂບຄ ຘຎຎ ຖາທ ຓໃ າບໃ ຄນຈຖຄ ຓາາກ 2 ຎຈເຉ ໄຌຉ : (1) ຎຈແຑາງເຌ ຓໃ ຌງ ໄບຌຖາາຽຂ ໄາຽຎບກ ຖະ ຽຂ ໄາຘາຌເຌໃ ທຎະຽຈນຈ
ປຍ 4: ບຈຉາກາຌຂະນງາງຉທຂບຄຂະໜຄຍ ຖກາຌ
12,40%
6,02% 6,95% 8,06% 9,23%
39,03% 38,49% 38,07% 38,08% 38,54%
0
5
10
15
20
25
30
35
40
45
2008 2009 2010 2011 2012
ບຈຉາກາຌຂະນງາງຉທຂະໜຄຍ ຖກາຌ ບຈຉາຘໃ ທຌຂະໜຄຍ ຖກາຌຉ ໃ (ຈຑ)
32,41% 31,00% 29,58% 28,11% 26,90%
21,61% 23,82% 25,88% 27,46% 28,34%
39,03% 38,49% 38,07% 38,08% 38,54%
6,94% 6,68% 6,46% 6,35% 6,22%
0
20
40
60
80
100
120
2008 2009 2010 2011 2012
ຑາຘກາຌຌ າຽຂ ໄາ
ຍ ຖກາຌ
ບຈຘານະກ າ
ກະຘກ າ
ປຍ 5: ກາຌຎໃ ຌຎຄຄຎະກບຍຂບຄ GDP
ນໃ ຄຂ ໄຓຌ: ກຓຘະຊຉຽຘຈຊະກຈ, ຘຌຘະຊຉນໃ ຄຆາຈ, ກະຆທຄຏຌກາຌ ຖະ ກາຌຖຄຌ
ນໃ ຄຂ ໄຓຌ: ກຓຘະຊຉຽຘຈຊະກຈ, ຘຌຘະຊຉນໃ ຄຆາຈ, ກະຆທຄຏຌກາຌ ຖະ ກາຌຖຄຌ
ຽຎຽຆຌ (%)
ຽຎຽຆຌ (%)
ະຌາາຌນໃ ຄ ຘຎຎ ຖາທ
Bank of the Lao PDR
Annual Economic Report 2012
percent or represented 0.67 percent of GDP; community, social and personal services up
by 5.00 percent or covered 1.62 percent of GDP.
4. Changes in GDP Components
The major share of GDP components in 2012 remained in service sector, which
accounted for 38.54 percent of GDP or rose by 9.23 percent compared to previous year;
followed by industrial sector that accounted for 28.34 percent of GDP or rose by 11.41
percent; agricultural sector accounted for 26.90 percent of GDP or rose by 3.27 percent,
while the net import duties covered 6.22 percent or rose by 5.69 percent (Figure 5).
5. Price Level In 2012, an average annual inflation rate was declined to 4.26 percent from a peak
of 7.58 percent in 2011, and remaining stable as targeted (average annual rate at a single
digit and lower than GDP growth rate). The key factors run down the inflation were (1)
the internal factor is that a decrease in prices of paddy and rice within the country due to
12.40%
6.02% 6.95% 8.06% 9.23%
39.03% 38.49% 38.07% 38.08% 38.54%
0
5
10
15
20
25
30
35
40
45
2008 2009 2010 2011 2012
Growth Rate of Services Services Component of GDP
32.41% 31.00% 29.58% 28.11% 26.90%
21.61% 23.82% 25.88% 27.46 28.34%
39.03% 38.49% 38.07% 38.08% 38.54%
6.94% 6.68% 6.46% 6.35% 6.22%
0
20
40
60
80
100
120
2008 2009 2010 2011 2012
Import Duties
Services
Industry
Agriculture
Figure 4: Growth of Services Percent
Source: Department of Economic Statistics, Lao statistics Bureau
Ministry of Planning and Investment
Figure 5: Changes in GDP Components Percent
Source: Department of Economic Statistics, Lao statistics Bureau
Ministry of Planning and Investment
ຍຈຖາງຄາຌຽຘຈຊະກຈ ຎະ າຎ 2012
ຖຄ ຆໃ ຄກາຌຏະຖຈຽຂ ໄາຌາຎ ຖະ ຌາຆຄຘາຓາຈຉບຍຘະໜບຄຑຄຑ ກຍທາຓຉ ໄບຄກາຌຑາງເຌຎະຽຈ; (2) ຎຈແຑາງຌບກຓໃ ຌງ ໄບຌຖາາຌ ໄາຓຌ, ຖາາ າ ຖະ ຖາາຘຌ ໄາເຌຉະນາຈຖກຎຍຉທ ນຈຖຄ. ຑ ໄບຓກຌຌ ໄຌ,
ໃ າບໃ ຄບຈຉາຽຄຌຽຒໄຍຌຈາຎະຽຈຽຑໃ ບຌຍ ໄາຌນຈຖຄ ຽປຈເນ ໄກາຌຌ າຽຂ ໄາຘຌ ໄາ (ກາຌຌ າຽຂ ໄາຽຄຌຽຒໄ) າກຎະຽຈເກ ໄຄນຈຖຄ. ຽຊຄດໃ າຄເຈກ ໃ ຉາຓ, ເຌຎ 2012 ໝທຈຘຌ ໄາເຌກະຉໃ າຘຌ ໄາຓກາຌຎໃ ຌຎຄຈໃ ຄຌ ໄ: ໝທຈຓຓະຌາຓ-ຂຌຘໃ ຄ ນຈຖຄ 6,34% ນ ກທຓຌ ໄາໜກ 24,24%; ໜທຈຘະຍຄບານາຌຽໃ ບຄຈໃ ຓຍ ໃ ຓໃ ຌຽນ ໄາ ນຈຖຄ 5,43% ນ ກທຓຌ ໄາໜກ 36,50%; ຖະ ໝທຈແຎຘະຌ-ຖະຓ ນຈຖຄ 3,20% ນ ກທຓຌ ໄາໜກ 3,59%;
ກຄກຌຂ ໄາຓ, ໝທຈໃ ຑກບາແຘ, ຌ ໄາຎະຎາ, ແຒຒໄາ ຖະ ຽຆ ໄບຽຑຄນຄຉ ໄຓ ຽຑໃ ຓຂ ໄຌ 4,25% ນ ກທຓຌ ໄາໜກ
5,33%; ໜທຈປ ໄາຌບານາຌ-ປຄປຓ ຽຑໃ ຓຂ ໄຌ 2,78% ນ ກທຓຌ ໄາໜກ 4,89% ຖະ ໝທຈກາຌຘກຘາ ຽຑໃ ຓຂ ໄຌ 2,06% ນ ກທຓຌ ໄາໜກ 3,58% (ຉາຉະຖາຄ 4).
II. ຂະໜຄກາຌຽຄຌຂບຄຖຈ 1. ຊາຌະກາຌຽຄຌຂບຄຖຈ
ຘກຎ 2011/2012, ຖາງປຍຄຍຎະຓາຌ (ຖທຓຄຽຄຌຆໃ ທງຽນບຖ ໄາ) ຽຑໃ ຓຂ ໄຌ 22,33% ນ ຎະຉຍຈ
16.992,40 ຉ ໄກຍ ກທຓຽບາ 24,16% ຂບຄ GDP ຍເຘໃ ຘກຎ 2010/2011 (ປຍ 7). ເຌຌ ໄຌ ກາຌຽກຍຖາງປຍຑາງເຌ ຎະຉຍຈແຈ ໄ 12.436,75 ຉ ໄກຍ ກທຓຽບາ 17,67% ຂບຄ GDP ຖະ ຖາງປຍາກຆໃ ທງຽນບຖ ໄາ ຎະຉຍຈແຈ ໄ 4.564,65 ຉ ໄກຍ. ໃ ຄໃ ກຌຌ ໄຌ ຖາງໃ າງຄຍຎະຓາຌ ຖະ ເນ ໄກ ໄດຓຘຈຄໝຈ ຽຑໃ ຓຂ ໄຌ 19,32%
ນ ຎະຉຍຈແຈ ໄ 18.021,03 ຉ ໄກຍ ນ ກທຓຽບາ 25,62% ຂບຄ GDP. ເຌຌ ໄຌ, ຖາງໃ າງຍ ຖນາຌໃ ທແຎຎະຉຍຈແຈ ໄ 9.364,98 ຉ ໄກຍ ຖະ ຖາງໃ າງກາຌຖຄຌ ຖະ ເນ ໄຽຄຌກ ໄດຓຘຈຎະຉຍຈແຈ ໄ 8.656,15 ຉ ໄກຍ ກາຌຂາຈຈຌຄຍຎະຓາຌຍ ໃ ຖທຓຽຄຌຆໃ ທງຽນບຖ ໄາ ຎະຉຍຈແຈ ໄ 5.593,28 ຉ ໄກຍ ນ ກທຓຽບາ 7,95% ຂບຄ GDP
(ຉາຉະຖາຄ 5).
36,50%
5,33%5,61%
24,24%
4,89%
1. ໝທຈບານາຌ ຖະ ຽໃ ບຄຈໃ ຓຍ ໃ ຓໃ ຌຽນ ໄາ
2. ໝທຈຽນ ໄາ ຖະ ດາຘຍ
3. ໝທຈຽໃ ບຄຌໃ ຄປໃ ຓ ຖະ ຽກຍ
4. ໝທຈໃ ຑກບາແຘ, ຌ ໄາຎະຎາ, ແຒຒໄາ ຖະ ຽຆ ໄບຽຑຄ
5. ໝທຈຽໃ ບຄເຆ ໄເຌຽປບຌ
6. ໝທຈກາຌປກຘາຘຂະຑາຍ
7. ໝທຈຓຓະຌາຓ ຖະ ກາຌຂຌຘໃ ຄ
8. ໝທຈແຎຘະຌ ຖະ ຖະຓຓະຌາຓ
9. ໝທຈກາຌຍຌຽຄ ຖະ ກາຌຑກຏໃ ບຌ
10. ໝທຈກາຌຘກຘາ
11. ໝທຈປໄາຌບານາຌ ຖະ ປຄປຓ
12. ໝທຈຘຌ ໄາ ຖະ ກາຌຍ ຖກາຌບໃ ຌໂ
7,63%
0,03%
5,98%
7,58%
4,26%
0
1
2
3
4
5
6
7
8
9
2008 2009 2010 2011 2012
ບຈຉາຽຄຌຽຒໄ (ຎຉ ໃ ຎ)
ປຍ 6: ບຈຉາຽຄຌຽຒໄ
ນໃ ຄຂ ໄຓຌ: ກຓຘະຊຉຽຘຈຊະກຈ, ຘຌຘະຊຉນໃ ຄຆາຈ, ກະຆທຄຏຌກາຌ ຖະ ກາຌຖຄຌ
ຽຎຽຆຌ (%)
ຈຈຆະຌຖາາຆຓເຆ ໄຂບຄທຽປບຌງກຉາຓໝທຈຘຌ ໄາ
ຽຎຽຆຌ (%)
ະຌາາຌນໃ ຄ ຘຎຎ ຖາທ
Bank of the Lao PDR
Annual Economic Report 2012
sufficient supply in domestic market and (2) the external factor is a decrease in prices of
oil, gold, and commodities in the global market. At the same time, the decline in inflation
rates in neighboring countries caused to the decline in number of import of goods
(imported inflation). Nevertheless, a group of commodities in basket has changed in year
2012 as follows: transports and communications dropped by 6.34 percent or can be
weighted of 24.24 percent; food and non-alcoholic beverages dropped by 5.43 percent
with the weight of 36.50 percent; and communications decreased by 3.20 percent with the
weight of 3.59 percent. Adversary, housing, water, electricity and fuels rose by 4.25
percent or represented the weight of 5.33 percent; the hotels and restaurants was slightly
increased by 2.78 percent with the weight of 4.89 percent, education rose by 2.06 percent
and represented the weight of 3.58 percent (Table 4).
II. Public Finance 1. Fiscal Performance
In fiscal year (FY) 2011/2012, revenues (including grants) were amounted to Kip
16,992.40 billion, rose by 22.33 percent or represented 24.16 percent of GDP compared
to FY 2010/2011 (Figure7). Of which, revenues from domestic sources and grants were
Kip 12,427.75 billion covered 17,67 percent of GDP and Kip 4,564.65 billion
respectively. In parallel, expenditures and net lending were amounted to Kip 18,021.03
billion, rose by 19.32 percent or covered 25.62 percent of GDP. Of which, current
expenditures achieved Kip 9,364.98 billion and expenditure and net lending were kept at
Kip 8,656.15 billion, Fiscal deficit was (excluding grants) amounted to Kip 5,593.28
billion or covered 7.95 percent of GDP (Table 5).
36.50%
5.33%5.61%
24.24%
4.89%
1. Foods and non-alcoholic beverages
2. Alcoholic beverages and tobacco
3. Clothing and Foot wear
4. Housing, water, light and fuel charges
5. Furnishings, household equipment
6. Medical care
7. Transport and communications
8. Post and telecommunication
9. Entertainment and recreation
10. Education Index
11. Restaurants and Hotel
12. Miscellaneous goods and services
7.63%
0.03%
5.98%
7.58%
4.26%
0
1
2
3
4
5
6
7
8
9
2008 2009 2010 2011 2012
Inflation yoy
Source: Department of Economic Statistics, Lao statistics Bureau, Ministry of Planning and Investment
Percent
Percent
Figure 6: Inflation Rates
Bank of the Lao PDR
ຍຈຖາງຄາຌຽຘຈຊະກຈ ຎະ າຎ 2012
2. ຖາງປຍຄຍຎະຓາຌ
ເຌຘກຎ 2011/2012 ກາຌຽກຍຖາງປຍຄຍຎະຓາຌ ຖະ ຽຄຌຆໃ ທງຽນຖບຖ ໄາຄໝຈ ຓໃ ຌຎະຉຍຈແຈ ໄ 16.992,40 ຉ ໄກຍ, ຽຑໃ ຓຂ ໄຌ 22,33% ຍເຘໃ ຘກຎ 2010/2011 ຖະ ກທຓຽບາ 24,16% ຂບຄ GDP ຽຌໃ ບຄາກກາຌຽກຍຖາງປຍຑາງເຌ (າກຑາຘ-ບາກບຌ ຖະ ຍ ໃ ຓໃ ຌຑາຘບາກບຌ ) ຘາຓາຈຎະຉຍຈແຈ ໄ 12.427,75
ຉ ໄກຍ, ຽຑໃ ຓຂ ໄຌ 22,06% ຍເຘໃ ຘກຎ 2010/2011 ນ ກທຓຽບາ 17,67% ຂບຄ GDP ຖະ ຓຖາງປຍາກກາຌຆໃ ທງຽນບຖ ໄາ ຽຑໃ ຓຂ ໄຌ 23,08%, ຎະຉຍຈແຈ ໄ 4.564,65 ຉ ໄກຍ ນ ກທຓຽບາ 6,49%; ຘ າຖຍຖາງປຍຑາງເຌໃ ຽຑໃ ຓຂ ໄຌຉ ໄຌຉ ຓາາກຖາງປຍຑາຘ-ບາກບຌ ຓໃ ຌຘາຓາຈຎະຉຍຈແຈ ໄ 10.914,85 ຉ ໄກຍ, ຽຑໃ ຓຂ ໄຌ 19,83%
ຍເຘໃ ຘກຎ 2010/2011 ນ ກທຓຽບາ 15,52% ຂບຄ GDP ຖະ ກທຓຽບາ 85,95% ຂບຄຖາງປຍຄໝຈ
ຈງຓຖາງປຍໃ ຽຑໃ ຓຂ ໄຌ ຓາາກ (1) ຂະໜຄປໃ າຈ, (2) ຂະໜຄຑະຖຄຄາຌແຒຒໄາ, (3) ຖາງປຍຍ ໃ ຓໃ ຌຆຍ
ຑະງາກບຌ າຓະຆາຈ ຖະ (4) ຖາງປຍໃ ຍ ໃ ຓໃ ຌຑາຘ-ບາກບຌ (ປຍ 8).
6.4
39
,14
7.0
30
,43
8.5
38
,38
10
.18
1,2
7
12
.42
7,7
5
5.6
27
,10
6.2
07
,58
7.5
0,.
55
9.1
08
,64
10
.91
4,8
5
81
2,0
4
82
2,8
5
1.0
35
,82
1.0
72
,63
1.5
21
,90
0
2000
4000
6000
8000
10000
12000
14000
2007/08 2008/09 2009/10 2010/11 2011/12(P)
ຖາງປຍຑາງເຌ ຖາງປຍຑາຘບາກບຌ ຖາງປຍຍ ໃ ຓໃ ຌຑາຘບາກບຌ
ປຍ 8: ຖາງປຍຄຍຎະຓາຌ
ນໃ ຄຂ ໄຓຌ: ກຓຌະງຍາງກາຌຽຄຌ, ກະຆທຄກາຌຽຄຌ
ຉ ໄກຍ
17,43% 17,31%
22,29% 22,24% 24,16%
20,52% 20,67%
24,58% 24,18%25,62%
-5,94% -5,78%
-8,85% -7,88% -7,95%
-15
-10
-5
0
5
10
15
20
25
30
2007/08 2008/09 2009/10 2010/11 2011/12(P)
ຖາງປຍຑາງເຌຖທຓຄຽຄຌຆໃ ທງຽນບຖ ໄາຉ ໃ ຈຑ ຖທຓງບຈຖາງໃ າງ ຖະ ເນ ໄກ ໄດຓຘຈຉ ໃ ຈຑຂາຈຈຌຄຍຎະຓາຌຍ ໃ ຖທຓຽຄຌຆໃ ທງຽນບຖ ໄາຉ ໃ ຈຑ
ປຍ 7: ຊາຌະກາຌຽຄຌຂບຄຖຈ
ນໃ ຄຂ ໄຓຌ: ກຓຌະງຍາງກາຌຽຄຌ, ກະຆທຄກາຌຽຄຌ
ຽຎຽຆຌ (%)
ະຌາາຌນໃ ຄ ຘຎຎ ຖາທ
Bank of the Lao PDR
Annual Economic Report 2012
2. Budgetary Revenue
In FY 2011/2012, the total budget revenues and grants achieved Kip 16,992.40
billion, increased by 22.33 percent and covered 24.16 percent of GDP compared to FY
2010/2011. An increase of revenues was from tax revenues and non-tax revenues which
amounted to Kip 12,427.75 billion, up by 22.06 percent compared to FY 2010/2011, and
covered 17.67 percent of GDP; revenue from grants was amounted to Kip 4,564.65
billion rose by 23.08 percent covered 6.49 percent; increasing in tax revenue was the
main driven factor that caused higher in revenues that achieved at Kip 10,914.85 billion,
rose by 19.83 percent or equal to 15.52 percent of GDP and represented to 85.95 percent
of total revenues compared to FY 2010/2011. The increase of revenues was (1) Mining
sector, (2) Electricity sector, (3) income from non-natural resources, and (4) Non-tax
revenue (Figure 8).
3. Expenditures
In FY 2011/2012, expenditures have seen a two digits level, budgetary expenditure
achieved Kip 18,021.02 billion, increased by 19.32 percent compared to FY 2010/2011
and equal to 25.62 percent of GDP (Figure 9), driven by total current expenditure that
rose to Kip 9,364.88 billion or up by 18.46 percent compared to FY 2010/2011 and equal
to 51.97 percent of total expenditure. Of which, expensed on wages and salaries increased
6,4
39
.14
7,0
30
.43
8,5
38
.38
10
,18
1.2
7
12
,42
7.7
5
5,6
27
.10
6,2
07
.58
7,5
02
.55
9,1
08
.64
10
,91
4.8
5
81
2,0
4
82
2,8
5
1,0
35
.82
1,0
72
.63
1,5
21
.9
0
2000
4000
6000
8000
10000
12000
14000
2007/08 2008/09 2009/10 2010/11 2011/12(P)
Revenues Tax Revenues Non-tax Revenues
Billion Kip Figure 8: Revenues
Source: Financial Policy Department, Ministry of Finance
17.43% 17.31%22.29% 22.24% 24.16%
20.52% 20.67%
24.58% 24.18% 25.62%
-5.94% -5.78%-8.85% -7.88% -7.95%
-15
-10
-5
0
5
10
15
20
25
30
2007/08 2008/09 2009/10 2010/11 2011/12(P)
Revenues and Grants/GDP Expenditures and Net Lending/GDP
Overall Cash Balance Excluding Grants/GDP
Figure 7: Fiscal Performance
Percent
Source: Financial Policy Department, Ministry of Finance
ຍຈຖາງຄາຌຽຘຈຊະກຈ ຎະ າຎ 2012
3. ຖາງໃ າງຄຍຎະຓາຌ ຑາກຖາງໃ າງຄຍຎະຓາຌ ງຄຓໃ າບໃ ຄຘຍຉ ໃ ຽຑໃ ຓຂ ໄຌເຌຖະຈຍຘບຄຉທຽຖກ. ເຌຘກຎ 2011/2012 ແຈ ໄ
ຎະຉຍຈກາຌຽຍກໃ າງຄໝຈ 18.021,03 ຉ ໄກຍ ຽຑໃ ຓຂ ໄຌ 19,32% ຍເຘໃ ຘກຎ 2010/2011 ນ ກທຓຽບາ 25,62% ຂບຄ GDP (ປຍ 9). ຘາຽນຈງ ໄບຌຖາງໃ າງຍ ຖນາຌໃ ທແຎຄໝຈ ຽຑໃ ຓຂ ໄຌ ຓາຽຎຌ 9.364,88 ຉ ໄກຍ ນຖ ຽຑໃ ຓຂ ໄຌ 18,46% ຍເຘໃ ຘກຎ 2010/2011 ນ ກທຓຽບາ 51,97% ຂບຄງບຈຖາງໃ າງຄຍຎະຓາຌຄໝຈ ເຌຌ ໄຌ, ຖາງໃ າງຽຄຌຽຈບຌ ຖະ ຽຄຌບຈໜຌຉໃ າຄໂ ຽຑໃ ຓຂ ໄຌ 21,08% ຖະ ກທຓຽບາ 19,76% ຂບຄງບຈຖາງໃ າງຄໝຈ, ຍ ໄທຄຽຄຌບຌ ຖະ ທຈຊບຎະກບຌ ຽຑໃ ຓຂ ໄຌ 7,98% ຖະ 21,45% ນ ກທຓຽບາ 11,18%
ຖະ 9,69% ຉາຓຖ າຈຍ. ຘ າຖຍຖາງໃ າງເຌກາຌຖຄຌເຘໃ ໃ ຄຖໃ າຄຑ ໄຌຊາຌຄໝຈ ຎະຉຍຈແຈ ໄ 8.656,15 ຉ ໄກຍ, ຽຑໃ ຓຂ ໄຌ
20,27% ຍເຘໃ ຘກຎ 2010/2011 ນ ກທຓຽບາ 48,03% ຂບຄຖທຓງບຈຖາງໃ າງຄຍຎະຓາຌຄໝຈ, ເຌຌ ໄຌ; ນໃ ຄຌາກຉໃ າຄຎະຽຈ ງຄຓບຈຉາຘໃ ທຌນາງກໃ ທາໝໃ ກທຓຽບາ 69,35% ຂບຄຖາງໃ າງເຌກາຌຖຄຌເຘໃໃ ຄຖໃ າຄຑ ໄຌຊາຌຄໝຈ ຽຆໃ ຄຓາາກຽຄຌຆໃ ທງຽນບຖ ໄາຍ ໃ ຓໃ ຌຄກາຌ, ຽຄຌກ ໄດຓຄກາຌ ຖະ ຽຄຌຆໃ ທງຽນບຄກາຌ ກທຓຽບາ 13,77%, 20,94% ຖະ 34,64% ຉາຓຖ າຈຍ ຖະ ງຄຓຍ ໄທຄນໃ ຄຌຑາງເຌຎະຉຍຈແຈ ໄ 2.652,82 ຉ ໄກຍ ຖະ ກທຓຽບາ 30,65% ຂບຄຖາງໃ າງເຌກາຌຖຄຌເຘໃ ໃ ຄຖໃ າຄຑ ໄຌຊາຌຄໝຈ.
(ຉາຉະຖາຄ 5).
4. ຈໃ ຌຈໃ ຄຄຍຎະຓາຌ ກາຌຈຉ ໄຄຎະຉຍຈຄຍຎະຓາຌເຌຘກຎ 2011/2012 ຽນຌທໃ າຓກາຌຎຍຎຄຈຂ ໄຌຽໃ ບຖະກ ໄາທ ຽຓໃ ບຍ
ເຘໃ ຆຓຎຏໃ າຌຓາ, ງ ໄບຌຖຈຊະຍາຌຽບາເເຘໃ ຽກຍຖາງປຍແຈ ໄຽຑໃ ຓຂ ໄຌຽກຌາຈໝາງເຌຽຍ ໄບຄຉ ໄຌ ຽປຈເນ ໄກາຌ ຂາຈຈຌຄຍຎະຓາຌນໃ ຄຖຈນຖຈຖຄເຌຖະຈຍຘບຄຉທຽຖກ ຈງຖທຓງຄຂາຈຈຌຄຍຎະຓາຌດໃ 1.028,63 ຉ ໄກຍ
ນຖ ຂາຈຈຌນຖຈຖຄ 15,19% າກ 1.212,84 ຉ ໄກຍ ເຌຘກຎ 2010/2011 ຖະ ກທຓຽບາ 7,95% ຂບຄ GDP (ປຍ 10). ຘາຽນຈງ ໄບຌຓນໃ ຄຌຆໃ ທງຽນບຖ ໄາ ຽຑໃ ຓຂ ໄຌ 23,08% ນຖ 4.564,65 ຉ ໄກຍ. ເຌຌ ໄຌ, ຓາ າກກາຌຆໃ ທງຽນບຖ ໄາເຌກາຌກະກຓກບຄຎະຆຓເນງໃບາຽຆຍ ໄຄ 7 ຖະ ກບຄຎະຆຓຘຈງບຈຏ ໄຌ າ ບາຽຆຓ
ໄຄ 9 ຖະ ນໃ ຄຌຑາງເຌາກຖະຍຍະຌາາຌ າຌທຌ 1.534,91 ຉ ໄກຍ ນຖ ກທຓຽບາ 2,18% ຂບຄ GDP (ຉາຉະຖາຄ 5).
9.0
65
,66
9.7
61
,56
13
.34
2,4
1
15
.10
2,9
18
.02
1,0
3
5.4
23
,62
6.4
37
,13
6.9
28
,71
7.9
05
,76
9.3
64
,89
3.6
42
,03
3.2
34
,43
6.4
1,.
70
7.9
05
,76
8.6
56
,15
0
5000
10000
15000
20000
2007/08 2008/09 2009/10 2010/11 2011/12(P)
ຖທຓງບຈຖາງໃ າງ ຖະ ເນ ໄກ ໄດຓຘຈ ຖາງໃ າງຍ ຖນາຌໃ ທແຎ ຖາງໃ າງຖຄຌ ຖະເນ ໄກ ໄດຓຘຈ
ປຍ 9: ຖາງໃ າງຄຍຎະຓາຌ
ນໃ ຄຂ ໄຓຌ: ກຓຌະງຍາງກາຌຽຄຌ, ກະຆທຄກາຌຽຄຌ
ຉ ໄກຍ
ະຌາາຌນໃ ຄ ຘຎຎ ຖາທ
Bank of the Lao PDR
Annual Economic Report 2012
by 21.08 percent, covered 19.76 percent of total current expenditure; transfers, materials
and supplies rose by 7.98 percent and 21.45 percent or represented 11.18 percent and 9.69
percent respectively.
The total expenditure for investment in infrastructure sector was amounted to Kip
8,656.14 billion, rose by 20.27 percent or represented 48.03 percent of total budgetary
expenditure compared to FY 2010/2011. Of which, source of fund from abroad has
shown the largest proportion of 69.35 percent of the total expenditure on infrastructure,
that came from a grants for non-project, project loans and project grants covered 13.77
percent, 20.94 percent and 34.64 percent respectively, and the rest belongs to local
finance that amounted to Kip 2,652.82 billion and covered 30.65 percent of total
expenditure on infrastructure investment (Table 5).
4. Fiscal Financing
The fiscal management in FY 2011/2012 has better developed and achieved the goal
gradually if compared to the previous year, since the government has been able to collect
the revenue that higher than an initial expectations set by the government, which resulted
to two digits decreasing of fiscal deficit. However, fiscal deficit still accounted for Kip
1,028.63 billion or decreased by 15.19 percent from Kip 1,212.84 billion in FY
2010/2011, or 7.95 percent of GDP (Figure 10), due to an increase in source of grants,
which up to 23.08 percent or was amounted to Kip 4,564.65 billion. Of which, most of
the grants came from the supported fund for the preparation of the 7th ASEP Meeting, the
9th ASEM Meeting, and from banking sector with amounted of Kip 1,534.91 billion and
accounted by 2.18 percent of GDP (Table 5).
9,0
65
.66
9,7
61
.56
1,3
34
2.4
1
15
,10
2.9
18
,02
1.0
3
5,4
23
.62
6,4
37
.13
6,9
28
.71
7,9
05
.76
9,3
64
.89
3,6
42
.03
3,2
34
.43
6,4
13
.7
7,9
05
.76
8,6
56
.15
0
2000
4000
6000
8000
10000
12000
14000
16000
18000
20000
2007/08 2008/09 2009/10 2010/11 2011/12(P)
Expenditures and Net Lending Current Expenditures Capital Expenditure
Billion Kip Figure 9: Expenditures
Source: Financial Policy Department, Ministry of Finance
ຍຈຖາງຄາຌຽຘຈຊະກຈ ຎະ າຎ 2012
III. ຂະໜຄຽຄຌຉາ 1. ຌະງຍາງບຈຉາຖກຎໃ ຌ
ນຖ ຘຍຉ ໃ ຎະຉຍຈຌະງຍາງບຈຉາຖກຎໃ ຌຉາຓກຌແກຉະນາຈໃ ຓກາຌ ໄຓບຄຂບຄຖຈ ຽຎຌຽໃ ບຄ ຓຉ ໄຌຉ ເຌກາຌປກຘາຘະຊຌຖະຑາຍຽຄຌຉານໃ ຄຆາຈ ຈ ໄທງກາຌຉຈຉາຓກາຌຽໃ ບຌແນທຂບຄຉະນາຈຽຄຌຉາຉໃ າຄ ຎະຽຈຄຑາງເຌ ຖະ ຘາກຌດໃ າຄເກ ໄຆຈ ຽຑໃ ບຽຎຌຑ ໄຌຊາຌເຌກາຌກ າຌຈບຈຉາຖກຎໃ ຌບ ໄາຄບຄ ກຍ/ຈຖາຘະນະຖຈ ເຌຉໃ ຖະທຌ ຖະ ຘຍຉ ໃ ກ າຌຈຂບຍຽຂຈກາຌຽໜຄຉຄຂບຄບຈຉາຖກຎໃ ຌຆ ໄ-ຂາງ, ຑ ໄບຓກຌຌ ໄຌ ນຖ ແຈ ໄຘຍຉ ໃ ຆກງ ໄເນ ໄະຌາາຌຖະກຈຆ ໄ-ຂາງຽຄຌຉາເຌຉະນາຈຖະນທໃ າຄະຌາາຌນາງຂ ໄຌ, ຎະຉຍຈຌະ ງຍາງຏໃ ບຌາງກາຌຆ ໄ-ຂາງຽຄຌຉາຉໃ າຄຎະຽຈຈງຍ ໃ ປກປ ໄບຄຽບກະຘາຌ ຖະ ຍ ໃ າກຈ າຌທຌ, ຑ ໄບຓຄຆກ ງ ໄເນ ໄໜໃ ທງຖກຎໃ ຌຂບຄະຌາາຌຖະກຈ ຖະ ປ ໄາຌຖກຎໃ ຌຽບກະຆຌຂະນງາງຉທເນ ໄກທ ໄາຄຂທາຄເຌຂບຍຽຂຈໃ ທຎະຽຈ;
ຘຍຉ ໃ ຈຈຘຓຉະນາຈຽຄຌຉາຉໃ າຄຎະຽຈຽຓໃ ບຓທາຓ າຽຎຌຉາຓຑາຖະຍຈຍາຈຽຎຌນໃ ຄຘະໜບຄຘຈ ໄາງ ຌເຘໃ ຉບຍຘະໜບຄຽຄຌຉາຉໃ າຄຎະຽຈເນ ໄຑຄຑ ກຍທາຓຉ ໄບຄກາຌຂບຄຘຄຓແຈ ໄຈງຑ ໄຌຊາຌ ຖະ ນຈຏໃ ບຌ ກາຌຆ ໄ-ຂາງຽຄຌຉາຉໃ າຄຎະຽຈ ຍຍຆະຆາງຖຄຽໃ ບຖະກ ໄາທ. ຏໃ າຌກາຌຎະຉຍຈຌະງຍາງຈໃ ຄກໃ າທ, ເຌຎ 2012 ນຖ ຘາຓາຈຘຍຉ ໃ ປກຘາຘະຊຌຖະຑາຍຂບຄໃ າຽຄຌກຍແຈ ໄດໃ າຄໝ ໄຌໃ ຄ: ຽຄຌກຍຍກຍຽຄຌຈຖາຘະນະ
ຖຈ ຂຄໃ າ 0,26% ຖະ ຂຄໃ າ 2,26% ຍກຍຽຄຌຍາຈ. ຄຘ າປບຄຽຄຌຉາຉໃ າຄຎະຽຈກ ໄຓກາຌຌ າຽຂ ໄາແຈ ໄ 5,22 ຽຈບຌ (ຉາຉະຖາຄ 12).
245
250
255
260
265
270
7960
7980
8000
8020
8040
8060
8080
01-2
01
1
02-2
01
1
03-2
01
1
04-2
01
1
05-2
01
1
06-2
011
07-2
01
1
08-2
01
1
09-2
01
1
10-2
01
1
11-2
01
1
12-2
01
1
01-2
01
2
02-2
01
2
03-2
01
2
04-2
01
2
05-2
01
2
06-2
01
2
07-2
01
2
08-2
01
2
09-2
01
2
10-2
01
2
11-2
01
2
12-2
01
2
ກຍ/ຈຖາ (ກ) ກຍ/ຍາຈ (ກ)
ປຍ 11: ບຈຉາຖກຎໃ ຌຂບຄະຌາາຌຖະກຈ
-2.6
26
,52
-2.7
61
,13
-4.8
04
,03
-4.9
21
,63
-5.5
93
,28
1.2
69
,18
1.1
43
,18
3.5
62
,00
3.7
08
,80
4.5
64
,65
-1.357,43 -1.587,95-1.242,04 -1.212,83 -1.028,63
-8000
-6000
-4000
-2000
0
2000
4000
6000
2007/08 2008/09 2009/10 2010/11 2011/12(P)
ຂາຈຈຌຄຍຎະຓາຌຍ ໃ ຖທຓຌຆໃ ທງຽນບຖ ໄາ ຈຌຈໃ ຄຈ ໄທງນໃ ຄຌຑາງເຌຈຌຈໃ ຄຈ ໄທງນໃ ຄຌຉໃ າຄຎະຽຈ(ຘຈ) ຽຄຌຆໃ ທງຽນບຖ ໄາຈໃ ຌຈໃ ຄຽຄຌຘຈຖທຓ
ປຍ 10: ກາຌຈໃ ຌຈໃ ຄຄຍຎະຓາຌ
ນໃ ຄຂ ໄຓຌ: ກຓຌະງຍາງກຌຽຄຌ, ກະຆທຄກາຌຽຄຌ
ນໃ ຄຂ ໄຓຌ: ກຓຌະງຍາງຽຄຌຉາ, ະຌາາຌນໃ ຄ ຘຎຎ ຖາທ
ຉ ໄກຍ
ກຍ ກຍ
ະຌາາຌນໃ ຄ ຘຎຎ ຖາທ
Bank of the Lao PDR
-2,6
26
.52
-2,7
61
.13
-4,8
04
.03
-4,9
21
.63
-5,5
93
.28
1,2
69
.18
1,1
43
.18
3,5
62
.00
3,7
08
.80
4,5
64
.65
-1,357.34-1,587.95 -1,242.04 -1,212.83 -1,028.63
-8000
-6000
-4000
-2000
0
2000
4000
6000
2007/08 2008/09 2009/10 2010/11 2011/12(P)
Overall Cash balance Excluding Grants Domestic Financing
Foreign Financing (Net) Grants
Overall Cash Balance
Annual Economic Report 2012
III. Monetary Sector 1. Exchange Rate Policy
The BOL continued to undertake a managed floating exchange regime as the main
instrument in order to maintain the national monetary stability by keeping a close watch
on exchange movement in both domestic and international as a basis to set a daily
reference rate of Kip/USD; continued to maintain the margin of buying and selling rates.
In addition, the BOL continued to promote an active inter-bank market operation, take
more flexible measure on foreign exchange market by allowing the public to purchase
foreign exchange without any documentary requirement and unlimited amount as well as
encourage the commercial banks and private exchange rate bureaus to expand the
operation country-wide.
The BOL continued to intervene in the foreign exchange market when necessary as
the last resort lender, with an aim to provide sufficient foreign exchange to meet the
demand of society and diminish an illegal foreign exchange trading gradually through the
implementation of the policy above. In 2012, the BOL could maintain the stability of Kip.
For instance, Kip appreciated by 0.26 percent against USD and appreciated 2.26 percent
against Thai Baht. Official gross reserve was sufficient to cover 5.22 months of imports
(Table 12).
245
250
255
260
265
270
7960
7980
8000
8020
8040
8060
8080
01
/20
11
02
/2011
03
/20
11
04
/20
11
05
/20
11
06
/20
11
07
/20
11
08
/2011
09
/20
11
10
/20
11
11
/20
11
12
/20
11
01
/20
12
02
/2012
03
/20
12
04
/20
12
05
/20
12
06
/20
12
07
/20
12
08
/2012
09
/20
12
10
/20
12
11
/20
12
12
/20
12
Kip/USD (CB) Kip/THB (CB)
Kip Kip Figure 11: Exchange Rates
Source: Financial Policy Department, Ministry of Finance
Source: Monetary Policy Department, Bank of the Lao PDR
Billion Kip Figure 10: Fiscal Financing
ຍຈຖາງຄາຌຽຘຈຊະກຈ ຎະ າຎ 2012
2. ຌະງຍາງຽຄຌຉາ ນຖ ແຈ ໄຈຉ ໄຄຎະຉຍຈຌະງຍາງຽຄຌຉາຍຍຎະຘຓຎະຘາຌ ຌເຘໃ ຽຑໃ ບປກຘາຘະຊຌຖະຑາຍຽຄຌຉາ
ນໃ ຄຆາຈເນ ໄໝ ໄຌໃ ຄ ຖະ ຎະກບຍຘໃ ທຌຆກງ ໄປຄກາຌຑຈະຌາຽຘຈຊະກຈ-ຘຄຓ ເນ ໄຍຌຖຉາຓາຈໝາງໃ ກ າຌຈແທ ໄ, ຈ ໄທງກາຌຌ າເຆ ໄຽໃ ບຄຓຽຄຌຉາາຄບ ໄບຓ: ປກຘາບຈຉາຈບກຽຍ ໄງຽຄຌກ ໄແຖງະຘ ໄຌຍ ໃ ຽກຌ 7 ທຌ ເຌຖະຈຍ 5,00%; ປກຘາບຈຉາຽຄຌປຐາກຍຄຍແທ ໄ: 5,00% ຘ າຖຍຽຄຌຐາກຽຎຌຽຄຌກຍ ຖະ 10,00% ຘ າ ຖຍຽຄຌຉາຉໃ າຄຎະຽຈ ຘຍຉ ໃ ຆກງ ໄເນ ໄຉະນາຈຽຎຈຽໃ ບຌແນທດໃ າຄຂຄປຄຈ ໄທງກາຌຘຍຉ ໃ ບບກຑຌະຍຈ ນຖ ຉາຓຏຌ ໃແຈ ໄກ າຌຈແທ ໄ, ຆກງ ໄຉະນາຈຖະນທໃ າຄະຌາາຌເນ ໄຓກາຌຽໃ ບຌແນທນາງຂ ໄຌ ຽຑໃ ບຎະຉຍຈຉາຓຑາ ຖະຍຈຍາຈຏ ໄຈຈຘຓນໃ ຄຘຈ ໄາງ ຖະ ຈ າຽຌຌກາຌຈຈຘຓຘະຑາຍໃ ບຄຈ ໄາຌນໃ ຄຌເນ ໄຖະຍຍະຌາາຌດໃ າຄ ຽຎຌຎກກະຉຈ ໄທງກາຌຆ ໄ-ຂາງຐາກ ຖະ ຆ ໄ-ຂາງຂາຈຉຑຌະຍຈ. 3. ຎະຖຓາຌຽຄຌ
ຎະຖຓາຌຽຄຌ (M2) ປບຈ ໄາງຎ 2012 ຓງບຈຽນບ 35.704,94 ຉ ໄກຍ, ຍເຘໃ ໄາງຎ 2011 ຽຑໃ ຓຂ ໄຌ 31,05% ຘາຽນຈຽຌໃ ບຄາກກາຌຎໃ ບງຘຌຽຆໃ ບເນ ໄຑາກຘໃ ທຌຽຘຈຊະກຈ ຽຑໃ ຓຂ ໄຌ 26,64%, ເຌຌ ໄຌ, ຘຌຽຆໃ ບເນ ໄຑາກຘໃ ທຌຽບກະຆຌ ກທຓຽບາ 78,41% ຆໃ ຄຽຑໃ ຓຂ ໄຌ 35,12% ຖະ ຘຌຽຆໃ ບເນ ໄຖຈທຘານະກຈກທຓ 21,59% ຂບຄຘຌຽຆໃ ບຄໝຈ ນ ຽຑໃ ຓຂ ໄຌ 3,13% ຽຓໃ ບຍເຘໃ ໄາງຎ 2011 (ປຍ 12).
ຄຎະກບຍຂບຄຎະຖຓາຌຽຄຌ M2 ຓ: ຍ ຖຓາຈຽຄຌເຌຂບຈ ຖະບຌ ຓ 6.019,73 ຉ ໄກຍ ຽຑໃ ຓຂ ໄຌ 24,27% ກທຓຽບາ 16,86% ຂບຄ M2, ຽຄຌຐາກຽຎຌຘະກຌຽຄຌກຍຓ 14.515,51 ຉ ໄກຍ ຽຑໃ ຓຂ ໄຌ 38,88% ກທຓຽບາ 40,65% ຂບຄ M2, ຽຄຌຐາກຽຎຌຘະກຌຽຄຌຉາຉໃ າຄຎະຽຈຍຽໃ າກຍ ຓ 15.168,70 ຉ ໄກຍ ຽຑໃ ຓ ຂ ໄຌ 26,94% ກທຓຽບາ 42,48% ຂບຄ M2 (ປຍ 13).
11.559,37
15.178,09
21.168,82
27.246,07
35.704,94
0
5000
10000
15000
20000
25000
30000
35000
40000
2008 2009 2010 2011 2012
ຎະຖຓາຌ (M2)
ປຍ 12: ຎະຖຓາຌຽຄຌ (M2)
ນໃ ຄຂ ໄຓຌ: ກຓຌະງຍາງຽຄຌຉາ, ະຌາາຌນໃ ຄ ຘຎຎ ຖາທ
ຉ ໄກຍ
ະຌາາຌນໃ ຄ ຘຎຎ ຖາທ
Bank of the Lao PDR
Annual Economic Report 2012
2. Monetary Policy
The BOL continued to perform a combined monetary policy framework with an
objective to maintain national monetary stability and to contribute socio-economic
development. In order to achieve such targets, the BOL has been using indirect monetary
tools such as: BOL short- term lending rate with maturity of less than 7 days at 5 percent,
reserve requirement ratio at 5 percent for Kip and 10 percent for foreign currency;
continued to actively promote the open market operations (OMO) by continuing to issue
the BOL bills as planned; continued to promote an active inter-bank market operation and
performed the role as the last resort lender and frequently conducted Repo and outright
operations for banking system for the purpose of liquidity.
3. Money Supply (M2)
As of end of 2012, money supply (M2) was recorded at Kip 35,704.94 billion, up by
31.05 percent compared to the same period of last year, driven by claims on economic
sector, which was soared by 26.64 percent. Of which, claims on private sector represented
78.41 percent, rose by 35.12 percent while claims on state-owned enterprises covered to
21.59 percent of the total credit, up by 3.13 percent in comparison with previous year
(Figure 12).
The composite of M2 consisted of currency in circulation, which was amounted to
Kip 6,019.73 billion, up by 24.27 percent or equivalent to 16.86 percent of M2, Kip
deposit amounted to Kip 14,515.51 billion, rose by 38.88 percent or equivalent to 40.65
percent of M2, foreign currency deposit equivalent to Kip was amounted to Kip
15,168.70 billion, soared by 26.94 percent or equivalent to 42.48 percent of M2
(Figure 13).
11,559.37
15,178.09
21,168.82
27,246.07
35,704.94
0
5000
10000
15000
20000
25000
30000
35000
40000
2008 2009 2010 2011 2012
Broad Money M2
Billion Kip Figure 12: Broad Money (M2)
Source: Monetary Policy Department, Bank of the Lao PDR
ຍຈຖາງຄາຌຽຘຈຊະກຈ ຎະ າຎ 2012
4. ຊາຌຽຄຌຉາ
ຊາຌຽຄຌຉາ ເຌ ໄາງຎ 2012 ຓງບຈຽນບ 14.132,56 ຉ ໄກຍ ຽຑໃ ຓຂ ໄຌ 27,17% ຍເຘໃ ໄາງຎ 2011. ຄຎະກບຍຂບຄຊາຌຽຄຌ ຖທຓຓຽຄຌຘຈດໃ ຂບຈ ຖະບຌ ຖະ ຽຄຌຐາກຂບຄຘະຊາຍຌກາຌຽຄຌ າຌທຌ 7.168,83 ຉ ໄກຍ ຖະ 6.963,73 ຉ ໄກຍ ຆໃ ຄຽຑໃ ຓຂ ໄຌ 26,63% ຖະ 27,74% ຉາຓຖ າຈຍ (ປຍ 14).
5. ຽຄຌຐາກຂບຄະຌາາຌຖະກຈ ເຌ ໄາງຎ 2012 ງບຈຽຄຌຐາກໃ ທຖະຍຍະຌາາຌຖະກຈ (ຍ ໃ ຖທຓຽຄຌຐາກຂບຄບຄກາຌຈຉ ໄຄຘາກຌ
ບໃ ຌ) ຓງບຈຽນບ 29.684,21 ຉ ໄກຍ ຽຑໃ ຓຂ ໄຌ 32,57% ຽຓໃ ບຍເຘໃ ໄາງຎ 2011 ຖະ ກທຓຽບາ 40,81%
ຂບຄ GDP, ເຌຌ ໄຌ ຽຄຌຐາກຽຎຌຽຄຌກຍ ກທຓຽບາ 48,90% ຂບຄງບຈຽຄຌຐາກໃ ທຖະຍຍະຌາາຌຖະກຈ
ຽຑໃ ຓຂ ໄຌ 39,01%; ຽຄຌຐາກຘະກຌຽຄຌຉາຉໃ າຄຎະຽຈຍຽໃ າກຍ ກທຓຽບາ 51,10% ຂບຄງບຈຽຄຌຐາກໃ ທ ຖະຍຍະຌາາຌຖະກຈ ຖະ ຽຑໃ ຓຂ ໄຌ 26,94% ຽຓໃ ບຍເຘໃ ໄາງຎ 2011 (ປຍ 15).
49,64% 53,93% 55,97% 56,14% 57,52%
50,36% 46,07% 44,03% 43,86% 42,48%
0
20
40
60
80
100
120
2008 2009 2010 2011 2012
ຽຄຌຉາຉໃ າຄຎະຽຈ ຽຄຌກຍ
ປຍ 13: ຄຎະກບຍຂບຄ M2 ງກຉາຓຘະກຌຽຄຌ
20,19%
34,76%
48,56%
16,24%
27,17%
0
10
20
30
40
50
60
70
80
90
2008 2009 2010 2011 2012
ບຈຉາກາຌຂະນງາງຉທຂບຄ ຊາຌຽຄຌຉາ ບຈຉາກາຌຂະນງາງຉທຂບຄ ຽຄຌຘຈດໃ ຂບຈ ຖະບຌ ບຈຉາກາຌຂະນງາງຉທຂບຄ ຽຄຌຐາກ / ຖະກຈດໃ ນຖ
ປຍ 14: ກາຌຂະນງາງຉທຂບຄຊາຌຽຄຌຉາ
ນໃ ຄຂ ໄຓຌ: ກຓຌະງຍາງຽຄຌຉາ, ະຌາາຌນໃ ຄ ຘຎຎ ຖາທ
ນໃ ຄຂ ໄຓຌ: ກຓຌະງຍາງຽຄຌຉາ, ະຌາາຌນໃ ຄ ຘຎຎ ຖາທ
ຽຎຽຆຌ ຉ ໃ M2 (%)
ຽຎຽຆຌ (%)
ະຌາາຌນໃ ຄ ຘຎຎ ຖາທ
Bank of the Lao PDR
Annual Economic Report 2012
4. Monetary base condition
As end of 2012, monetary base was recorded at Kip 14,132.56 billion, rose by 27.17
percent in comparison with the end of 2011. Meanwhile, the composites of the total
money base consisted of cash in circulation and deposits of financial institutions were
amounted to Kip 7,168.83 billion and Kip 6,963.73 billion, and rose by 26.63 percent and
27.74 percent, respectively (Figure 14).
5. Deposits
At the end of 2012, total deposits of commercial banks (excluding deposits from
other international organizations) were amounted to Kip 29,684.21 billion, rose by 32.57
percent in comparison with the end of year 2011 and represented 40.81 percent of GDP,
Of which, Kip deposits covered to 48.90 percent of the total deposits, up by 39.01
percent; foreign currency deposits covered to 51.10 percent of the total deposits of
commercial banks, rose by 26.94 percent compared to the end of 2011 (Figure 15).
49.64% 53.93% 55.97% 56.14% 57.52%
50.36% 46.07% 44.03% 43.86% 42.48%
0
20
40
60
80
100
120
2008 2009 2010 2011 2012
Foreign Currency Kip
Figure 13: M2by Currency Components
Figure 12: Broad Money (M2)
Percent of M2
20.19%
34.76%
48.56%
16.24%
27.17%
0
10
20
30
40
50
60
70
80
90
2008 2009 2010 2011 2012
MB Growth
Growth of Currency in Circulation
Growth of Deposits at BOL
Percent Figure 14: Monetary base
Figure 12: Broad Money (M2)
Source: Monetary Policy Department, Bank of the Lao PDR
Source: Monetary Policy Department, Bank of the Lao PDR
ຍຈລາງຄາຌຽສຈຊະກຈ ຎະ າຎ 2012
6. ສຌຽຆ ຬຂຬຄະຌາາຌລະກຈ
ເຌາງຎ 2012 ສຌຽຆ ຬເຫກ ຑາກສ ວຌຽສຈຊະກຈຂຬຄ ວລະຍຍະຌາາຌລະກຈມງຬຈຽຫ ຬ
25.566,00 ຉ ກຍ ຽຑ ມຂຌ 33,80% ຍເສ າງຎ 2011 ຆ ຄກວມ 35,15% ຂຬຄ GDP. ເຌຌ ຌ, ສຌຽຆ ຬເຫ ຂະໜຄກ ສາຄ ກວມ 18,00% ຂຬຄສຌຽຆ ຬ ຄໝຈ ຽຑ ມຂຌຽຊຄ 91,15% ຽມ ຬຍເສ າງຎຏ າຌມາ, ເຌຂະ ຌະ ຂະໜຄກາຌາ ຆ ຄຽຎ ຌຂະໜຄ ກວມຬ ຈຉາສ ວຌ ສຄ 24,00% ຂຬຄສຌຽຆ ຬ ຄໝຈມຬ ຈຉາກາຌ ຽຑ ມ ຂຌ 50,76% ຽມ ຬຍເສ າງຎ 2011 (ຉາຉະລາຄ 11). ຑຬມຈວກ ຌຌ ຌ, ຬ ຈຉາສ ວຌໜຍ ຽກຈຈຬກຬຬກຏຌມ ຌຢ ເຌລະຈ ຍຉ າ : 1,50% ຂຬຄງຬຈສຌຽຆ ຬ ຄໝຈ (ອຍ 16).
7. ຬ ຈຉາຈຬກຽຍງຽຄຌຐາກ ລະ ຽຄຌກ
ເຌາງຎ 2012 ຬ ຈຉາຈຬກຽຍງຽຄຌຐາກ-ຽຄຌກສະຽລ ງ ຂຬຄ ວລະຍຍະຌາາຌລະກຈ ມກາຌຎ ຌຎຄຉາມກຌແກຉະຫາຈ ຽມ ຬຍກ ຍາງຎ 2011 : ຬ ຈຉາຈຬກຽຍງສະກຌຽຄຌກຍຎະຽຑຈຽຄຌຐາກມກ າຌຈມ ຌຫຈລຄ ເຌຌ ຌ ຐາກມກ າຌຈ 3 ຽຈ ຬຌ ຫຈລຄ າກ 5,42% ມາຽຎ ຌ 5,17%, ຐາກມກ າຌຈ 6 ຽຈ ຬຌ ຫຈ
ລຄ າກ 7,15% ມາຽຎ ຌ 6,83% ລະ ຐາກມກ າຌຈ 12 ຽຈ ຬຌ ຫຈລຄ າກ 8,76% ມາຽຎ ຌ 8,48%. ສ າລ ຍ
ຬ ຈຉາຈຬກຽຍງຽຄຌຐາກສະກຌຽຄຌຉາຉ າຄຎະຽຈຈງສະຽຑາະສະກຌຽຄຌຍາຈ ກ ມກາຌຎ ຍຫຈລຄ ຽຎ ຌຉຌມ ຌ
ຐາກຎະ າ 3 ຽຈ ຬຌ ລະ 6 ຽຈ ຬຌ າກ 2,34% ມາຽຎ ຌ 2,03% ລະ 2,73% ມາຽຎ ຌ 2,68% ຉາມລ າຈ ຍ.
34,61%
41,18%
46,37% 46,63%48,90%
5,63%
56,84%53,63% 53,37%
51,10%
14,45%
32,57%30,03% 28,95%
32,57%
0
10
20
30
40
50
60
2008 2009 2010 2011 2012
ຽຄຌຐາກ (ກຍ) ຽຄຌຐາກ (ຄຉຉ) ຽຄຌຐາກ (ລວມຽຎ ຌກຍ)
ອຍ 15: ຽຄຌຐາກຂຬຄະຌາາຌລະກຈ
3.6
04
,77
5.0
99
,50
8.0
51
,82
10
.441
,81
14
.515
,51
6.4
68
,54
6.9
92
,10
9.3
13
,06
11
.949
,39
15
.168
,70
0
5000
10000
15000
20000
25000
30000
35000
2008 2009 2010 2011 2012
ຽຄຌຐາກ (ກຍ) ຽຄຌຐາກ (ຄຉຉ) ຽຄຌຐາກ (ລວມຽຎ ຌກຍ)
ອຍ 16: ສຌຽຆ ຬຂຬຄະຌາາຌລະກຈ
71,95% 71,09%
49,13%45,09%
33,80%
11,17%
18,57%23,30%
29,52%35,15%
0
10
20
30
40
50
60
70
80
2008 2009 2010 2011 2012
ຬ ຈຉາສ ວຌກາຌຂະຫງາງຂຬຄສຌຽຆ ຬ ຬ ຈຉາສ ວຌສຌຽຆ ຬຉ (ຈຑ)
ຫ ຄຂ ມຌ: ກມຌະງຍາງຽຄຌຉາ, ະຌາາຌຫ ຄ ສຎຎ ລາວ
ຫ ຄຂ ມຌ: ກມຌະງຍາງຽຄຌຉາ, ະຌາາຌຫ ຄ ສຎຎ ລາວ
ຉ ກຍ ຽຎຽຆ ຌ (% ກາຌຎ ຌຎຄ)
ຽຎຽຆ ຌ (%)
ະຌາາຌຫ ຄ ສຎຎ ລາວ
Bank of the Lao PDR
34.61%
41.18%
46.37% 46.63%48.90%
5.63%
56.84%53.63% 53.37%
51.10%
14.45%
32.57%30.03% 28.95%
32.57%
0
10
20
30
40
50
60
2008 2009 2010 2011 2012
Deposits in LAK
Deposits in Forex
Total Deposits Equivalent to LAK
Annual Economic Report 2012
6. Credit
At the end of 2012, the total credit provided by commercial banks to economy were
amounted to Kip 25,566.00 billion; rose by 33.80 percent compared to 2011 and
represented 35.15 percent of GDP. Of which, credit to construction covered 18.00 percent
of total credit and rose by 91.15 percent compared to 2011; while commercial sector,
which was covered high ratio of 24.00 percent of total credit slightly increased by 50.76
percent compared to the previous year (Table 11). Meanwhile, the ratio of non-
performing loan (NPL) remained a passive control at 1.50 percent of total credit
(Figure 16).
7. Interest rates on deposits and loans
In 2012, the interest rates on deposits and loans of commercial banks were adjusted
in line with market conditions. Comparing to 2011, interest rates on term deposits of Kip
were dropped. Of which, 3-monthdeposits dropped from 5.42 percent to 5.17 percent, 6-
month deposits dropped from 7.15 percent to 6.83 percent and 12- month deposits
71,95% 71,09%
49,13%45,09%
33,80%
13,63%18,57%
23,30%
29,52%35,15%
0
10
20
30
40
50
60
70
80
2008 2009 2010 2011 2012
Credits Growth Credits in percent of GDP
3,6
04
.77
5,0
99
.50
8,0
51
.82
10,4
41.8
1
14,5
15.5
1
6,4
68
.54
6,9
92
.10
9,3
13
.06
11,9
49.3
9
15,1
68.7
0
0
5000
10000
15000
20000
25000
30000
35000
2008 2009 2010 2011 2012
Deposits in LAK
Deposits in Forex
Total Deposits Equivalent to LAK
Billion Percent
Figure 16: Commercial Banks’ Credits
Figure 12: Broad Money (M2)
Percent
Source: Monetary Policy Department, Bank of the Lao PDR
Source: Monetary Policy Department, Bank of the Lao PDR
Figure 15: Commercial bank’s deposits
ຍຈຖາງຄາຌຽຘຈຊະກຈ ຎະ າຎ 2012
ບຈຉາຈບກຽຍ ໄງຽຄຌກ ໄຘະຽຖໃ ງ ຽຓໃ ບຍເຘໃ ໄາງຎຏໃ າຌຓາ ຽນຌທໃ າ ບຈຉາຈບກຽຍ ໄງຽຄຌກ ໄ ຘະກຌຽຄຌກຍ
ຽຑໃ ຓຂ ໄຌ ຽຆໃ ຌ: ຖກ ໄາຎະຽຑຈ A ຽຑໃ ຓຂ ໄຌ າກ 12,24% ຓາຽຎຌ 13,50%, ເຌະຌະຖກ ໄາຎະຽຑຈ B ຖະ
C ນຈຖຄາກ 13,10% ຓາຽຎຌ 12,87%; ຘະກຌຽຄຌຍາຈ ຎະຽຑຈຖກ ໄາ B ຎຍນຈຖຄ າກ 9.60% ຓາຽຎຌ
9,02% (ຉາຉະຖາຄ 10).
8. ກາຌ ໄຓບຄຽຄຌຉາຉໃ າຄຎະຽຈ ຖະ ກາຌຘໃ ຄຽຘຓກາຌຌ າເຆ ໄຽຄຌກຍ
ຽຑໃ ບຘຍຉ ໃ ຎະຉຍຈຍຌຈາຓາຈຉະກາຌ ໄຓບຄຽຄຌຉາຉໃ າຄຎະຽຈ ຖະ ຘໃ ຄຽຘຓກາຌຌ າເຆ ໄຽຄຌກຍດໃ າຄຉ ໃຽຌໃ ບຄຌເຘໃ ຎະກບຍຘໃ ທຌເຌກາຌປກຘາຘະຊຌຖະຑາຍຽຄຌຉານໃ ຄຆາຈ ເນ ໄຓທາຓໝ ໄຌໃ ຄຽປຈເນ ໄຘຄຓຓທາຓຽຆໃ ບໝ ໄຌຉ ໃ ໃ າຽຄຌກຍຌຍຓ ໄຌຍຽຑໃ ຓຂ ໄຌ ນຖ ແຈ ໄຘຓເຘໃ ຎຍຎຄຍຌຈາຖະຍຍກາຌໃ ຉຈຑຌກຍກາຌບຌ ຽຄຌ ຖະ ກາຌຆ ໄ-ຂາງຽຄຌຉາຉໃ າຄຎະຽຈ ຂບຄປ ໄາຌຖກຎໃ ຌຽຄຌຉາ. ແຈ ໄຘຍຉ ໃ ຈຉ ໄຄຎະຉຍຈກາຌ ໄຓບຄຽຄຌ ຉາຉໃ າຄຎະຽຈດໃ າຄຖທຓຘຌ ຖະ ນຌຽຂ ໄາຘໃ ຖະຍຍກາຌຽໃ ບຖະກ ໄາທ ເຌຎ 2012 ນຖ ແຈ ໄບະຌງາຈເນ ໄະຌາ າຌຖະກຈຌ າຽຄຌຉາຉໃ າຄຎະຽຈບບກຌບກ ຘຎຎ ຖາທ າຌທຌ 1,34 ຉ ໄຈຖາຘະນະຖຈຍຽໃ າ ຖະ ຌ າຽຄຌຉາຉໃ າຄຎະຽຈຽຂ ໄາ ຘຎຎ ຖາທ າຌທຌ 0,95 ຖ ໄາຌຈຖາຘະນະຖຈ; ບະຌງາຈຘ ໄາຄຉ ໄຄຍ ຖຘຈຌ າຽຂ ໄາ-ຘໃ ຄບບກ
0
1
2
3
4
5
6
7
8
9
1001
/2011
02
/2011
03
/2011
04
/2011
05
/2011
06
/2011
07
/2011
08
/2011
09
/2011
10
/2011
11
/2011
12
/2011
01
/2012
02
/2012
03
/2012
04
/2012
05
/2012
06
/2012
07
/2012
08
/2012
09
/2012
10
/2012
11
/2012
ຈຖາຘະນະຖຈ ຍາຈ ກຍ
ປຍ 17: ບຈຉາຈບກຽຍ ໄງຘະຽຖໃ ງຽຄຌຐາກກ າຌຈ 12 ຽຈບຌ
0
2
4
6
8
10
12
14
16
01
/20
11
02
/20
11
03
/20
11
04
/20
11
05
/20
11
06
/20
11
07
/20
11
08
/20
11
09
/20
11
10
/20
11
11
/20
11
12
/20
11
01
/20
12
02
/20
12
03
/20
12
04
/20
12
05
/20
12
06
/20
12
07
/20
12
08
/20
12
09
/20
12
10
/20
12
11
/20
12
12
/20
12
ຈຖາຘະນະຖຈ ຍາຈ ກຍ
ປຍ 18: ບຈຉາຈບກຽຍ ໄງຘະຽຖໃ ງຽຄຌກ ໄກ າຌຈ 12 ຽຈບຌ
ນໃ ຄຂ ໄຓຌ: ກຓຌະງຍາງຽຄຌຉາ, ະຌາາຌນໃ ຄ ຘຎຎ ຖາທ
ນໃ ຄຂ ໄຓຌ: ກຓຌະງຍາງຽຄຌຉາ, ະຌາາຌນໃ ຄ ຘຎຎ ຖາທ
ຽຎຽຆຌ (% ຉ ໃ ຎ)
ຽຎຽຆຌ (% ຉ ໃ ຎ)
Bank of the Lao PDR
ະຌາາຌນໃ ຄ ຘຎຎ ຖາທ
Bank of the Lao PDR
Annual Economic Report 2012
dropped from 8.76 percent to 8.48 percent. In addition, interest rates on term-deposit of
foreign currencies were also dropped. Particularly, Thai baht deposits for 3- month and 6-
month term deposits were declined from 2.34 percent to 2.03 percent and 2.73 percent to
2.68 percent, respectively (Figure 17).
An average12-month interest rate of loan in Kip classified by customer type A rose
from 12.24 percent to 13.50 percent, customer type B and C dropped from 13.10 percent
to 12.87 percent, interest rate of Baht for customer type B also dropped from 9.60 percent
to 9.02 percent (Table 10).
8. Foreign currency management and the campaign to promote the use of Kip.
In order to implement the measures of foreign currency management and the
campaign to promote the use of Kip continually, with on aim to contribute to the
monetary stability and to increase public confidence in the value of Kip, the BOL has
attempted to improve the existing regulation associated with money transfer and foreign
currency trading of exchange bureaus. In addition, the BOL actively continued to
implement the foreign currency management and try to suppress illegal money changers
0
2
4
6
8
10
12
14
16
01/2
011
02/2
011
03/2
011
04/2
011
05/2
011
06/2
011
07/2
011
08/2
011
09/2
011
10/2
011
11/2
011
12/2
011
01/2
012
02/2
012
03/2
012
04/2
012
05/2
012
06/2
012
07/2
012
08/2
012
09/2
012
10/2
012
11/2
012
12/2
012
USD THB KIP
0
1
2
3
4
5
6
7
8
9
10
01/2
011
02/2
011
03/2
011
04/2
011
05/2
011
06/2
011
07/2
011
08/2
011
09/2
011
10/2
011
11/2
011
12/2
011
01/2
012
02/2
012
03/2
012
04/2
012
05/2
012
06/2
012
07/2
012
08/2
012
09/2
012
10/2
012
11/2
012
USD THB KIP
Percent of GDP
Figure 17: Average 12 Months - Deposit Rates
Figure 12: Broad Money (M2)
Percent of GDP
Figure 18: Average 12 Months - Lending Rates
Figure 12: Broad Money (M2)
Source: Monetary Policy Department, Bank of the Lao PDR
Source: Monetary Policy Department, Bank of the Lao PDR
ຍຈຖາງຄາຌຽຘຈຊະກຈ ຎະ າຎ 2012
ທຈຊຓໃ າ າຌທຌ 1 ຍ ຖຘຈ ຖະ ບະຌງາຈຌ າຽຂ ໄາ າໃ ຄ າຌທຌ 6 ກຖກາຓ ຓຌໃ າ 0,29 ຖ ໄາຌຈຖາຘະ ນະຖຈ; ແຈ ໄດໄຄດຌກາຌຌ າຽຂ ໄາຌ ຂບຄຍ ຖຘຈ ຖຄຌຉໃ າຄຎະຽຈ າຌທຌ 137 ຍ ຖຘຈ ຽຎຌຽຄຌ າຌທຌ 1.07
ຉ ໄຈຖາຘະນະຖຈຍຽໃ າ; ແຈ ໄຆກງ ໄ ຖະ ນຌຽບາກາຌຖກຎໃ ຌຆະຆາງຽຂ ໄາຘໃ ຖະຍຍກາຌຽຑໃ ຓຂ ໄຌ ເຌຎ 2012 ຘາຓາຈຂະນງາງປ ໄາຌຖກຎໃ ຌແຈ ໄ າຌທຌ 25 ປ ໄາຌ ຎະຍຌຓຄໝຈ າຌທຌ 129 ປ ໄາຌ ຖະ ຘາຂາ 23 ນໃ ຄ ເຌຂບຍຽຂຈໃ ທຎະຽຈ.
ຄໃ ກຌຌ ໄຌ ນຖ ແຈ ໄຘຍຉ ໃ ຈຉ ໄຄຎະຉຍຈທກຄາຌຘໃ ຄຽຘຓກາຌຌ າເຆ ໄຽຄຌກຍຈ ໄທງນາງປຍກາຌ, ຈງ ແຈ ໄຽຑໃ ຓະທກາຌຽຏງຏໃ ຖະຍຍກາຌ ໄຓບຄຽຄຌຉາຉໃ າຄຎະຽຈ ຖະ ຘໃ ຄຽຘຓກາຌຌ າເຆ ໄຽຄຌກຍ ເນ ໄຍຌຈາກະ ຆທຄບ ໄບຓຂ ໄາຄຌະບຌນທຄ ຖະ ບຄກາຌຈຉ ໄຄຓະນາຆຌ າຌທຌ 7 ນໃ ຄ; ຘຓຍກຍ 3 ບຄກາຌຈຉ ໄຄຓະ ນາຆຌ ນຖ ຽຑໃ ບຖຄຘະຌາຎກຈຘ າຌກ ຖະ ຈກຈະກ າຘໃ ຄຽຘຓກາຌຌ າເຆ ໄຽຄຌກຍ ເນ ໄກໃ ທະງາແຖຑາກຽບກະຆຌ າຌທຌ 4 ນໃ ຄ ຖະ ຘຍຉ ໃ ຘະຌາຏໃ າຌຘໃ ຉໃ າຄໂຈ ໄທງນາງປຍຍຍ. ຌບກາກຌ ໄ ແຈ ໄຖຄກທຈກາຉຈຉາຓກາຌຉຈຎະກາຈຖາາຘຌ ໄາ ຖະ ໃ າຍ ຖກາຌຉາຓຘະຊາຌໃ ຉໃ າຄໂຽຎຌຉ ໄຌ: ຘຌກາຌ ໄາ, ຉະນາຈ, ນໄາຄປ ໄາຌ, ປຄປຓ, ຍ ຖຘຈໃ ບຄໃ ທ ຖະ ເຌຄາຌຍຌຎະຽຑຌຎະ າຆາຈ. ຄໃ ກຌຌ ໄແຈ ໄງ ໄບຄງ ຑາກຘໃ ທຌໃ ເນ ໄ ກາຌປໃ ທຓຓ ຖະ ຍຌຈານທໜໃ ທງຖະກຈຈຽຈໃ ຌເຌກາຌຘໃ ຄຽຘຓກາຌຌ າເຆ ໄຽຄຌກຍ າຌທຌ 4 ຉະນາຈ ຖະ 14 ປ ໄາຌ, ຑ ໄບຓຄຎະຉຍຈຓາຈຉະກາຌຉ ໃ ຏ ໄຖະຽຓຈເຌກາຌຉຈຖາາຘຌ ໄາ ຖະ ໃ າຍ ຖກາຌໃ ຽຎຌຽຄຌຉາຉໃ າຄ ຎະຽຈຈ ໄທງກາຌຘກຘາບຍປຓຉ ໃ ຏ ໄກະ າຏຈຈ ໄທງທາຓປ ໄຽໃ າຍ ໃ ຽຊຄກາຌ ຖະ ໄຄຽຉບຌຽຎຌຖາງຖກບກຘບຌ ຉ ໃ ກຍຑາກຘໃ ທຌໃ ຘຍຉ ໃ ກະ າຏຈ າຌທຌ 67 ຑາກຘໃ ທຌ. ຌບກາກຌ ໄ ແຈ ໄຽຎຈກທ ໄາຄ ຖະ ຆກງ ໄຘໃ ຄຽຘຓກາຌຆ າ ຖະຏໃ າຌຖະຍຍະຌາາຌເນ ໄນາງຂ ໄຌ ຽຎຌຉ ໄຌ: ໃ າແຒຒໄາ, ຌ ໄາຎະຎາ ຖະ ກາຌຽຍກໃ າງຽຄຌຽຈບຌຂບຄຑາກຖຈຖະ ຽບກະຆຌແຈ ໄຄໝຈ 652 ນໃ ຄ. 9. ກາຌ ໄຓບຄະຌາາຌຖະກຈ.
ນຖ ແຈ ໄຽບາເເຘໃ ເຌກາຌຈຉ ໄຄຎະຉຍຈທກຄາຌເຌກາຌ ໄຓບຄ ຖະ ກທຈກາກາຌຽໃ ບຌແນທຖະກຈ ຂບຄຍຌຈາະຌາາຌຖະກຈ ຽຑໃ ບປຍຎະກຌເນ ໄຓທາຓໝ ໄຌຄ ຖະ ຽຂ ໄຓຂຄ.
ຓາປບຈຎ 2012 ຓະຌາາຌຖະກຈ ຄໝຈ 31 ນໃ ຄ, ຎະກບຍຓ 83 ຘາຂາເຌຂບຍຽຂຈໃ ທຎະຽຈ,
ຓ 301 ໜໃ ທງຍ ຖກາຌ, 35 ໜໃ ທງຖກຎໃ ຌ ຖະ ຉ ໄ ATM 565 ຽໃ ບຄໃ ເນ ໄຍ ຖກາຌ. ຈ ໄາຌທກຄາຌຌຉກ າຓໃ ຌແຈ ໄຘຓເຘໃ ຎຍຎຄຌຉກ າຉໃ າຄ ໃ ເຆ ໄເຌກາຌ ໄຓບຄຽຑໃ ບເນ ໄຘບຈໃ ບຄກຍຘະຑາຍກາຌຂະນງາງຉທຂບຄະຌາາຌ
ຖະກຈ ຖະ ທາຓປກປ ໄບຄຉ ໄບຄກາຌເຌກາຌ ໄຓບຄແຖງະເໝໃ . ຉຈຉາຓ, ກທຈກາດໃ າຄຽຂ ໄຓຄທຈ ຖະ ຓຈຘຓຈງຓກາຌຎະຘາຌຘຓຍຖະນທໃ າຄຘາຂາ ນຖ ຖະ ຘ າຌກຄາຌເນງໃ . ຆກງ ໄເນ ໄະຌາາຌຖະກຈຈ າຽຌຌກາຌກທຈຘບຍຑາງຌບກ ຖະ ກາຌຑຓຽຏງຏໃ ຊາຌະກາຌຽຄຌ ຎະ າແຉຓາຈ ຖະ ຎະ າຎ ຽຑໃ ບຘ ໄາຄ ທາຓຎໃ ຄເຘຂບຄຖະຍຍະຌາາຌ.
ປບຈ ໄາງຽຈບຌຌທາ ຎ 2012, ໃ ທຖະຍຍະຌາາຌຖະກຈ ຓຆຍຘຌຄໝຈ 50.839,80 ຉ ໄກຍຽຑໃ ຓຂ ໄຌ 33,03% ຍເຘໃ ໄາງຎ 2011 ຖະ ໜ ໄຘຌຍ ໃ ຽກຈຈບກບບກຏຌດໃ ເຌຖະຈຍຉ ໃ າ (1-2%) ຘ າຖຍຽຄຌກ ໄໃ ຎໃ ບງເໝໃ ຂບຄະຌາາຌຖະກຈຖຈ.
Bank of the Lao PDR
ະຌາາຌນໃ ຄ ຘຎຎ ຖາທ
Bank of the Lao PDR
Annual Economic Report 2012
gradually. In 2012, the BOL authorized commercial banks to bring foreign currencies out
of the country in the amount of approximately USD 1.34 billion and bringing USD 0.95
million into the country. Apart from that, the BOL also allowed to establish one import
and export of precious metal company and allowed to import 6 kg with the amount of
USD 0.29 million; issued a certificate for capital inflows of 137 foreign investment
companies with value of USD 1.07 billion equivalent and also brought an existing illegal
money changers under control by encouraging them to follow from the regulation. In
2012, 25 private exchange bureaus were established. Presently, there were 129 exchange
bureaus and 23 branches throughout the country.
In parallel, the BOL continued to promote the use of Kip by conducting a variety of
techniques, increasingly disseminating the regulation on foreign currency management
and intensified campaign to promote the use of Kip among the line-ministries in
Vientiane Capital and 7 mass organizations plus cooperated with the 3 mass organizations
within the BOL in order to build public awareness and activities to promote the use of
Kip in 4 private colleges and ongoing advertizing works via diverse channels throughout
the country. In addition, the BOL also conducted on-site inspection of price quotations for
goods and service in many places such as: commercial centers, markets, shopping malls,
hotels, travel agency companies and various major traditional feasts. Besides, the BOL
had presented a certificate of congratulation to 4 markets and 14 exchange bureaus for
being a good model in enforcing the regulation. Adversary, The training policy and
measures were also taken against those who violated the rule, especially a shop that
quoted a price tag for foods and services in foreign currency, there were 67 business units
were taken a warning certificate. Furthermore, the BOL also promoted the mode of
payment for electricity, water supply bills and salary payments of private and civil
servants through banking system. By far, there were 652 organizations making payment
via banking system.
9. Commercial Banks Supervision
To ensure a safe and sound financial sector, the BOL conducted off-site supervision
and on-site examination on a regular basis.
At the end of 2012, there were 31 commercial banks with 83 branches across the
country, with 301 service units, 35 exchange bureaus and 565 ATM machines. In light of
regulation, the banking supervision department has attempted to improve the regulation
for banking supervision to be in line with expansion and growth of banking in order to
response to the need of banking supervision tasks at present. Headquarter and branches of
the BOL have worked coordinately in the diligence. In addition, the BOL has encouraged
commercial banks to regularly conduct external audits and publish quarterly and annually
financial statements to create transparency of the banking system.
As the end of December 2012, total assets of banking system were amounted to Kip
50,839.80 billion; rose by 33.03 percent compared to last year and a level of NPL can be
restricted (1-2 percent) for new lending of SOCBs.
ຍຈຖາງຄາຌຽຘຈຊະກຈ ຎະ າຎ 2012
10. ກາຌ ໄຓບຄຘະຊາຍຌກາຌຽຄຌ. ເຌຎ 2012 ຘະຊາຍຌກາຌຽຄຌຖະຑາກແຈ ໄຓກາຌຽຉຍເນງໃ ຂະນງາງຉທດໃ າຄທໃ ບຄແທ ເຌຂບຍຽຂຈໃ ທ
ຎະຽຈ ຖະ ຓນາງປຍຍຍຽຆໃ ຄແຈ ໄຓຍຈຍາຈຆກງ ໄຘໃ ຄຽຘຓເນ ໄຎະຆາຆຌ ຘາຓາຈຽຂ ໄານານໃ ຄຌແຈ ໄຘະຈທກຂ ໄຌ ປບຈ ໄາງຎ 2012 ຘະຊາຍຌກາຌຽຄຌຖະຑາກ ຓຄໝຈ 97 ນໃ ຄ, ເຌຌ ໄ ຘະຊາຍຌກາຌຽຄຌຖະຑາກໃ ປຍຽຄຌຐາກ ຖະ ຍ ໃ ປຍຽຄຌຐາກຓ 34 ນໃ ຄ, ຘະນະກບຌຘຌຽຆໃ ບ ຖະ ຽຄຌຐາກຎະດຈຓ 20 ນໃ ຄ, ປຄຆທຈ າ 26 ນໃ ຄ, ຍ ຖຘຈຽຆໃ າຘຌຽຆໃ ບ 8 ນໃ ຄ, ຍ ຖຘຈຉທຌບຌຽຄຌຈໃ ທຌ 5 ນໃ ຄ, ຘະຊາຍຌຽຄຌຐາກແຎຘະຌຖາທ 1
ນໃ ຄ, ກບຄຌຑຈະຌາຽຘຈຊະກຈຽຂຈ 4 ຍໃ ຄກທາຄ ຖະ ຘະນະກບຌບບຓຆຍຓ 2 ນໃ ຄ. ປບຈ ໄາງຎ 2012 ຘະຊາຍຌກາຌຽຄຌຖະຑາກໃ ປຍຽຄຌຐາກ, ໃ ຍ ໃ ປຍຽຄຌຐາກ, ຘະນະກບຌຘຌຽຆໃ ບ ຖະ ຽຄຌຐາກຎະດຈ ໃຘາຓາຈຘໃ ຄຍຈຖາງຄາຌຽຎຌຎກກະຉແຈ ໄຓ 32 ນໃ ຄ.
ຑ ໄບຓຈທກຌຌ ໄຌ, ງຄຘ າຽຖຈກາຌງກ 3 ຂ ໄກ າຌຈທໃ າຈ ໄທງກາຌ ໄຓບຄກາຌຽຄຌຖະຑາກຂ ໄຌຽຎຌຈ າຖຈ ທໃ າຈ ໄທງກາຌ ໄຓບຄຘະຊາຍຌກາຌຽຄຌຖະຑາກ ຽຆໃ ຄແຈ ໄຏໃ າຌກາຌປຍປບຄາກຖຈຊະຍາຌ ເຌທຌ 03 ຉຖາ2012 ຖະ ແຈ ໄຽຏງຏໃ ຈ າຖຈຈໃ ຄກໃ າທ ເນ ໄກໃ ຑະຌກຄາຌ ນຖ (ຘ າຌກຄາຌເນງໃ ຖະ ຘາຂາ) ຍຌຈາກະຆທຄບ ໄບຓຂ ໄາຄ ຖະ ຘະຊາຍຌກາຌຽຄຌໃ ດໃ ເຌຌະບຌນທຄ ຖະ ຉໃ າຄຂທຄ, ຌບກາກຌ ໄຌ ງຄຘ າຽຖຈກາຌບບກຖະຍຍກໃ ທກຍກາຌຊບກຌຈະຍຌ ຖະ ກາຌຌ າເຆ ໄຌຈະຍຌຂບຄຘະຊາຍຌກາຌຽຄຌຘະຍຍຽຖກ 01/ນຖ ຖຄທຌ 23 ຉຖາ 2012, ຖະ ຖະຍຍກາຌ ໄຓບຄຘະຊາຍຌກາຌຽຄຌ າຌທຌໜໃ ຄ. 11. ກາຌ ໄຓບຄຉະນາຈນກຆຍເຌ ຘຎຎ ຖາທ.
ຑາງນຄໃ ຉະນາຈນກຆຍຖາທ (ຉຖຆຖ) ຈ າຽຌຌຖະກຈຓາຽຎຌຽທຖາຘບຄຎ ແຈ ໄປຍທາຓຘຌເາກຌກ ຖຄຌ ຄຑາງເຌ ຖະ ຉໃ າຄຎະຽຈ ຆໃ ຄຽນຌແຈ ໄາກຍຌຆຆ ໄ-ຂາງປ ໄຌຂບຄຌກຖຄຌແຈ ໄ ຽຑໃ ຓຂ ໄຌ າກ 8.187
ຍຌຆເຌຎ 2011 ຓາຽຎຌ 8.910 ຍຌຆເຌຎ 2012 ນ ຽຑໃ ຓຂ ໄຌ 8,83%. ເຌຌ ໄຌ າຌທຌຍຌຆຆ ໄ-ຂາງນກຆຍຂບຄຌກຖຄຌຑາງເຌ ຓຄໝຈ 7.339 ຍຌຆ ນ ກທຓຽບາ 82,37% ຖະ ຍຌຆຆ ໄ-ຂາງນກຆຍຂບຄຌກຖຄຌຉໃ າຄຎະຽຈ ຓຄໝຈ 1.571 ຍຌຆ ນ ຽໃ າກຍ 17,63%, ຓຌໃ າກາຌຆ ໄ-ຂາງຂບຄຌກຖຄຌຉໃ າຄຎະຽຈ ຘະ ຽຖໃ ງກທຓຽບາ 57,23% ຂບຄຓຌໃ າກາຌຆ ໄ-ຂາງປ ໄຌຄໝຈ.
ຎ 2012 ຈຈຆະຌ ຉຖຆຖ ຎຈດໃ ໃ 1.214,77 ຈ ຽຑໃ ຓຂ ໄຌ 315,31 ຈ ນ ຽໃ າກຍ 35,06%, ຓຓຌໃ າກາຌຆ ໄ-ຂາງ 123.79 ຉ ໄກຍ ຖະ ຓ າຌທຌປ ໄຌຆ ໄ-ຂາງຄໝຈ 23,03 ຖ ໄາຌປ ໄຌ ຍເຘໃ ຎຏໃ າຌຓາ(ປຍ 19), ຓຓຌໃ າຉະນາຈຽໃ າກຍ 12,39% ຂບຄ GDP, ຎຈເໃ ຓຏຌຽປຈເນ ໄຓຌໃ າກາຌຆ ໄ-ຂາງເຌຎ 2012 ນຈຖຄ ງ ໄບຌຽນຈຏຌຈໃ ຄຌ ໄ: ປ ໄຌໃ ຆ ໄ-ຂາງເຌ ຉຖຆຖ ງຄຍ ໃ ຌນາກນາງ, ຑ ໄຌຊາຌໃ ຄຖໃ າຄຂບຄ ຉຖຆຖ ງຄຍ ໃ ຌຘຓຍຌຍຊໄທຌຽຑໃ ບ
ປບຄປຍກາຌ ຆ ໄ-ຂາງ າຌທຌນາງ (Block Trading).
ະຌາາຌນໃ ຄ ຘຎຎ ຖາທ
Bank of the Lao PDR
Annual Economic Report 2012
10. Microfinance Institutions (MFIs) Supervision
In 2012, MFIs were rapidly expanded country-wide with various forms of financial
institutions. All of these institutions play an important role to provide a better access of
financial service for people. As end of 2012, there were 97 microfinance institutions
registered with the BOL. Of which, there were totally 34 deposit-taking microfinance
(DTMFI) and non-deposit taking MFIs (NDTMFI), 20 credit cooperatives and saving
deposits, 26 pawnshops, 8 financial leasing companies, 5 money transfer company
representatives, 1 postal deposit institution, 1 economic development fund
Boungkhouang four and 2 saving cooperatives. As end of 2012, DTMFI, NDTMFI, there
were only 32 out of 97 institutions could regularly submit the financial report to the BOL.
At the same time, the BOL also completed upgrading 3 provisions on MFIS
supervision into the Decree on MFIS supervision, which was endorsed by the
government, dated 03 October 2012. The BOL has disseminated this Decree to BOL
staffs (Headquarter and branches), line-ministries, microfinance institutions situated in
Vientiane capital and other provinces. Furthermore, MFIs also completed the regulation
on registered capital withdrawal and the use of registered capital for financial institutions,
issued on 01/BOL, dated on 23 October 2012, and completed other associated regulation
regarding financial institution supervision.
11. Stock exchange management
Since the Lao Securities Exchange (LSX) has began its operation for two years, it
has drawn a lot of interest from both domestic and foreign investors, which can be seen in
securities trading accounts, rose from 8,187 accounts in 2011 to 8,910 accounts in 2012
or up by 8.83 percent, Of which, domestic investor accounts represented 7,339 accounts
or to 82.37 percent and total foreign investor accounts represented 1,571 accounts or
17.63 percent. Average value of foreign investor trading represented to 57.23 percent of
total trading volume.
As ofend-2012, LSX index closed at 1,214.77 points, rose by 315.31 points or
equivalent to 35.06 percent, with the value of trading of Kip 123.79 billion, total trading
volume of 23.03 million stocks compared to previous year (Figure 19), value of market
equivalent to 12.39 percent of GDP. The causal factors driven the decline in trading
volume were due to:
In the LSX was limited stock trading as well as the infrastructure of LSX is not yet
to be fully functioning to serve a large amount of trading (Block Trading).
0
200
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20001
1/0
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1
11/0
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1
11/0
3/2
01
1
11/0
4/2
01
1
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5/2
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1
11/0
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1
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1
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1
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2
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2
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2
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9/2
01
2
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0/2
01
2
11/1
1/2
01
2
11/1
2/2
01
2
ຈຈຆະຌນກຆຍ
ຈຈຆະຌນກຆຍ
0
2.000.000
4.000.000
6.000.000
8.000.000
10.000.000
12.000.000
14.000.000
0
20
40
60
80
100
120
01/2
011
03/2
011
05/2
011
07/2
011
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011
01/2
012
03/2
012
05/2
012
07/2
012
09/2
012
11/2
012
ຓຌໃ າ (ຆ ໄາງ) າຌທຌປ ໄຌ (ຂທາ)
ຍຈຖາງຄາຌຽຘຈຊະກຈ ຎະ າຎ 2012
IV. ຈຌກາຌຆ າຖະກຍຉໃ າຄຎະຽຈ ຈຌກາຌຆ າຖະກຍຉໃ າຄຎະຽຈຂບຄ ຘຎຎ ຖາທ ເຌຎ 2012 ຽກຌຈຌ 60,89 ຖ ໄາຌຈຖາຘະນະຖຈ ຈຌຍຌ
ຆຆ າຖະຎກກະຉເຌຎ 2012 ຽກຌຈຌ 208,75 ຖ ໄາຌຈຖາຘະນະຖຈ ຘາຽນຈຉ ໄຌຉ ງ ໄບຌ ຈຌຍ ຖກາຌຽກຌຈຌ
236,05 ຖ ໄາຌຈຖາຘະນະຖຈ, ຽຄຌບຌຆໃ ທງຽນບຖ ໄາຽກຌຈຌ 251,98 ຖ ໄາຌຈຖາຘະນະຖຈ, ເຌຂະຌະໃ ຈຌ
ກາຌ ໄາຂາຈຈຌ 198,08 ຖ ໄາຌຈຖາຘະນະຖຈ, ຈຌຖາງແຈ ໄຂາຈຈຌ 81,20 ຖ ໄາຌຈຖາຘະນະຖຈ. ຘໃ ຄຏຌເນ ໄຄຘ າປບຄຽຄຌຉາຉໃ າຄຎະຽຈ ຽຑໃ ຓຂ ໄຌ 8,97% ນ າກຖະຈຍ 678,76 ຖ ໄາຌຈຖາຘະນະຖຈ ເຌຎ 2011 ຓາຽຎຌ
739,65 ຖ ໄາຌຈຖາຘະນະຖຈ ເຌຎ 2012 ຆໃ ຄຘາຓາຈກ ໄຓກາຌຌ າຽຂ ໄາຘຌ ໄາແຈ ໄ 5,22 ຽຈບຌ2 (ປຍ 20).
2ກາຌຌ າຽຂ ໄາຘຌ ໄາຍ ໃ ຖທຓຘຌ ໄາຌ າຽຂ ໄາຂບຄກາຌຖຄຌຉໃ າຄຎະຽຈເຌຎ 2012 ຓ 1.699,06 ຖ ໄາຌຈຖາ ນ ຎະຓາຌ 142 ຖ ໄາຌຈຖາຉ ໃ ຽຈບຌ
90,33
-60,91
29,27
158,14
208,75
13,22
-158,43
-79,35
8,9239,58
430,380
644,430
401,940
639,65 622,09
100,37
-3,720
103,470
-57,08
60,89
-200
-100
0
100
200
300
400
500
600
700
2008 2009 2010 2011 2012
ຈຌກາຌຆ າຖະຽຄຌຎກກະຉ ຈຌກາຌຆ າຖະຎກກະຉ (ຍ ໃ ຖທຓຽຄຌບຌຂບຄຑາກຖກຊະຍາຌ )ຈຌຍຌຆຌ ຖະ ກາຌຽຄຌ ຈຌກາຌຆ າຖະຖທຓ
ປຍ 19: ຈຈຆະຌຉະນາຈນກຆຍຖາທ ຖະ ຓຌໃ າປ ໄຌໃ ຓກາຌຆ ໄ-ຂາງ
ປຍ 20: ຈຌກາຌຆ າຖະກຍຉໃ າຄຎະຽຈ
ນໃ ຄຂ ໄຓຌ: ຉະນາຈນກຆຍຖາທ
ນໃ ຄຂ ໄຓຌ: ະຌາາຌນໃ ຄ ຘຎຎ ຖາທ
ຈຈຆະຌປ ໄຌ ຉ ໄກຍ າຌທຌປ ໄຌ
ຖ ໄາຌຈຖາຘະນະຖຈ
ະຌາາຌນໃ ຄ ຘຎຎ ຖາທ
Bank of the Lao PDR
0
2000000
4000000
6000000
8000000
10000000
12000000
14000000
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Value kip 100.000
Trading Amount
Amount of Million Securities
Annual Economic Report 2012
IV. Balance of payment
In 2012, Balance of payment of Lao PDR recorded in surplus of USD 60.89 million,
Of which, current account balance was in surplus of USD 208.75 million, the surplus was
driven by surplus in services (net) and transfer (net), which were amounted to USD
236.05 million and USD 251.98 million, while deficit in trade balance and factor income
(net) were amounted to USD 198.08 million and USD 81.20 million, respectively. As a
result international reserve rose by 8.97 percent or from USD 678.76 million in 2011 to
USD 739.65 million in 2012, which could cover 5.22 months1 of imports (Figure 20).
1
Commodity import (Excluding foreign investment) in 2012 was amounted to USD 1,699.06 Million or
equivalent to USD 142 million a month.
13.22
-158.43
-79.35
8.9239.58
430.38
644.43
401.94
639.65 622.09
100.37
-3.72
103.47
-57.08
60.8990.33
-60.91
29.27
158.14
208.75
-200
-100
0
100
200
300
400
500
600
700
2008 2009 2010 2011 2012
(Excluding Official Transfers) Capital and Financial Account)
(Overall Balance) (Current Account Balance)
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LSX Index
LSX Index
Figure 19: Lao Stock Index Market and Trading
Volume
Figure 12: Broad Money (M2)
Figure 20: Balance of Payments
Figure 12: Broad Money (M2)
Million of USD
Securities Index Billion Kip
Source: Monetary Policy Department, Bank of the Lao PDR
Source: Lao Securities Exchange
ຍຈຖາງຄາຌຽຘຈຊະກຈ ຎະ າຎ 2012
1. ກາຌ ໄາຉໃ າຄຎະຽຈ ເຌຎ 2012, ຈຌກາຌ ໄາຘຈຘຍຉ ໃ ຂາຈຈຌ 198,08 ຖ ໄາຌຈຖາຘະນະຖຈ, ຽຓໃ ບຍເຘໃ ຎ 2011 ຓໃ ຌ
ຂາຈຈຌ ນຈຖຄ 7,72% ຘາຽນຈຓາາກຓຌໃ າກາຌຘໃ ຄບບກຘຌ ໄາ ຽຑໃ ຓຂ ໄຌ 3,63%. ຓຌໃ າກາຌ ໄາຉໃ າຄຎະຽຈຄໝຈ ຍຌຖ 4.736,14 ຖ ໄາຌຈຖາຘະນະຖຈ ນ ຽຑໃ ຓຂ ໄຌ 3,10% ຍເຘໃ 2011, ເຌຌ ໄຌ ຓຌໃ າກາຌຌ າຽຂ ໄາ ຓ າຌທຌ 2.467,11 ຖ ໄາຌຈຖາຘະນະຖຈ ຽຑໃ ຓຂ ໄຌ 2,62% ຽຓໃ ບຍເຘໃ ຎ 2011. ກາຌຌ າຽຂ ໄາຘຌ ໄາຘໃ ທຌເນໃ ງ ຓໃ ຌຘຌ ໄາຆຓເຆ ໄ ຓຓຌໃ າ 1.186,94 ຖ ໄາຌຈຖາຘະນະຖຈ ຆໃ ຄຽຑໃ ຓຂ ໄຌ 36,80%, ປບຄຖຄຓາຓໃ ຌຘຌ ໄາຽຑໃ ບກາຌຖຄຌ ຓຓຌໃ າ 1.180,01 ຖ ໄາຌຈຖາຘະນະຖຈ ນຈຖຄ 17,12% ຖະ ຌ າຽຂ ໄາແຒຒໄາ 63,44 ຖ ໄາຌຈຖາຘະນະຖຈ ຽຑໃ ຓຂ ໄຌ 55,07%. ຘ າຖຍຓຌໃ າກາຌຘໃ ຄບບກ າຌທຌ 2.269,03 ຖ ໄາຌຈຖາຘະນະຖຈ ຽຑໃ ຓຂ ໄຌ 3,63% ຽຓໃ ບຍເຘໃ ຎ 2011, ເຌຌ ໄຌ ຓຌໃ າກາຌຘໃ ຄບບກປໃ າຈຓ 946,87 ຖ ໄາຌຈຖາຘະນະຖຈ ນກທຓຽບາ 41,73% ຂບຄກາຌຘໃ ຄບບກຄໝຈ. ຂະຌະໃ ກາຌຘໃ ຄບບກແຒຒໄາ ຓຓຌໃ າ 502,2 ຖ ໄາຌຈຖາຘະນະ
ຖຈ ກທຓຽບາ 22,13% ຂບຄຘຌ ໄາຘໃ ຄບບກ ຽຑໃ ຓຂ ໄຌ 53,50% (ປຍໃ 21).
2. ຈຌຍ ຖກາຌ ເຌຎ 2012 ຈຌຍ ຖກາຌຘຈຽກຌຈຌ 236,05 ຖ ໄາຌຈຖາຘະນະຖຈ, ເຌຌ ໄຌ ຖາງປຍາກກາຌຍ ຖກາຌ
ຓຓຌໃ າ 577,22 ຖ ໄາຌຈຖາຘະນະຖຈ ຖະ ຖາງໃ າງຓຓຌໃ າ 341,17 ຖ ໄາຌຈຖາຘະນະຖຈ. ຈຌຍ ຖກາຌຘຈ ຽກຌຈຌຽຑໃ ຓຂ ໄຌ າຌທຌ 8,03 ຖ ໄາຌຈຖາຘະນະຖຈ ນ 3,52% ຽຓໃ ບຍເຘໃ ຎ 2011, ຘາຽນຈຓໃ ຌງ ໄບຌຖາງປຍາກກາຌໃ ບຄໃ ທ ຽຑໃ ຓຂ ໄຌ 11,05% ຽປຈເນ ໄຓຖາງປຍາກກາຌໃ ບຄໃ ທຎະຓາຌ 451,05 ຖ ໄາຌຈຖາຘະນະຖຈ ນ ກທຓຽບາ 8,53% ຂບຄ GDP ຽຌໃ ບຄາກ ຘຎຎ ຖາທ ແຈ ໄຓບກາຈຽຎຌຽ ໄາຑາຍເຌກາຌຈກບຄຎະຆຓຘຈງບຈບາຽຆຓ ໄຄ 9 ຖະ ຄາຌຓະນະກ າກຖາຓະນາແຖບາຆຌຽປຈເນ ໄຓຌກໃ ບຄໃ ທຉໃ າຄຆາຈຽຂ ໄາ ຓາໃ ທ ຘຎຎ ຖາທ ນາງຂ ໄຌເຌຆໃ ທຄຎຌ ໄ. ຌກໃ ບຄໃ ທາກຍຌຈາຎະຽຈບາຆຌຓ 2,63 ຖ ໄາຌຌ ກທຓຽບາ 81,81% ຂບຄຌກໃ ບຄໃ ທຄໝຈ, ເຌຌ ໄຌ ຌກໃ ບຄໃ ທາກຎະຽຈແ ຓ 1,87 ຖ ໄາຌຌ ນ ກທຓຽບາ 58,35% ຂບຄຌກໃ ບຄໃ ທຄໝຈ (ປຍ 22).
1.091,91 1.052,68
1.746,37
2.189,55 2.269,03
-1.403,17 -1.461,08
-2.060,43
-2.404,19 -2.467,11-3000
-2000
-1000
0
1000
2000
3000
2008 2009 2010 2011 2012(P)
ກາຌຘໃ ຄບບກ ກາຌຌ າຽຂ ໄາ ຈຌກາຌໄາ
ປຍ 21: ກາຌໄາຉໃ າຄຎະຽຈ ຖະ ກາຌຂະນງາງຉທຂບຄກາຌຘໃ ຄບບກ-ຌ າຽຂ ໄາ
18,34%
-3,59%
65,9%
25,38%
3,63%
31,8%
4,13%
41,02%
16,68%
2,62%
-10
0
10
20
30
40
50
60
70
2008 2009 2010 2011 2012(P)
ກາຌຘໃ ຄບບກ ກາຌຌ າຽຂ ໄາ
ນໃ ຄຂ ໄຓຌ: ກຓຌະງຍາງຽຄຌຉາ, ະຌາາຌນໃ ຄ ຘຎຎ ຖາທ
ຽຎຽຆຌຎໃ ຌຎຄ (%) ຖ ໄາຌຈຖາຘະນະຖຈ
ະຌາາຌນໃ ຄ ຘຎຎ ຖາທ
Bank of the Lao PDR
Annual Economic Report 2012
1. Foreign trade
In 2012, trade balance remained in deficit of USD 198.08 million, but the deficit
was declined by 7.72 percent compared to 2011, due to the value of goods export rose by
3.63 percent. The total value of imports and exports reached at USD 4,736.14 million
rose by 3.10 percent compared to 2011. Of which, total value of import was amounted to
USD 2,467.11 million, rose by 2.62 percent compared to 2011. The component of
imported goods were consumption goods, which was amounted to USD 1,186.94 million,
rose by 36.80 percent, followed by capital for investment was amounted to USD 1,180.01
million dropped by 17.12 percent and import of electricity was amounted to USD 63.44
million, rose by 55.07 percent. On the other hand, total value of export was amounted to
USD 2,269.03 million, rose by 3.63 percent compared to 2011. Of which, the value of
mining export was amounted to USD 946.87 million and represented to 41.73 percent of
total export. While electricity export was amounted to USD 502.2 million, rose by 53.50
percent and represented to 22.13 percent of total export (Figure 21).
2. Service
In 2012, net service account recorded a surplus of USD 236.05 million. Of which,
revenue was amounted to USD 577.22 million and expenditure was amounted to USD
341.17 million. Net service account increased in surplus of USD 8.03 million or up by
3.52 percent compared to 2011 was driven by tourism sector that rose by 11.05 percent,
which was amounted to USD 451.05 million, represented USD 8.53 percent of GDP, due
to Lao PDR had the opportunity to host the 9th Asia-Europe Meeting (ASEM9) summit
and the 16th ASEAN University Games, which attracted more foreign tourists to make a
visit to Lao PDR during this period. Particularly, the number of tourists from Asian
countries reached more than 2.63 million people, covered 81.81 percent of total tourists.
Of which, Thai tourists reached 1.87 million people or covered 58.35 percent of total
tourists (Figure 22).
1,091.91 1,052.68
1,746.37
2,189.55 2,269.03
-1,403.17 -1,461.08
-2,060.43
-2,404.19 -2,467.11
-311,26-408,41 -314,06
-214,64
-198,08
-3000
-2000
-1000
0
1000
2000
3000
2008 2009 2010 2011 2012(P)
Exports (f.o.b.)
Imports (c.i.f.)
Trade Balance
18,34%
-3,59%
65,9%
25,38%
3,63%
31,8%
4,13%
41,02%
16,68%
2,62%
-10
0
10
20
30
40
50
60
70
2008 2009 2010 2011 2012(P)
Exports (f.o.b.)
Imports (c.i.f.)
Figure 21: Foreign Trade and Growth of Exports and Imports
Figure 12: Broad Money (M2)
Million of USD Percent (%)
Source: Monetary Policy Department, Bank of the Lao PDR
ຍຈຖາງຄາຌຽຘຈຊະກຈ ຎະ າຎ 2012
3. ຈຌຖາງແຈ ໄ
ເຌຎ 2012 ຈຌຖາງແຈ ໄຘຈຘຍຉ ໃ ຂາຈຈຌ 81,20 ຖ ໄາຌຈຖາຘະນະຖຈ ຆໃ ຄຂາຈຈຌຽຑໃ ຓຂ ໄຌ 4,09%
ຽຓໃ ບຍເຘໃ ໄາງຎ 2011, ຘາຽນຈຉ ໄຌຉ ງ ໄບຌຓຖາງໃ າງຽຄຌຽຈບຌຂບຄຌຉໃ າຄຎະຽຈໃ ຽປຈທກຌ າຘະຊາຌ ຈຖາທ ຽຑໃ ຓຂ ໄຌ 19% ຽຓໃ ບຍເຘໃ ຎ 2011. 4. ຽຄຌບຌຆໃ ທງຽນບ
ຽຄຌບຌຆໃ ທງຽນບຖ ໄາຘຍຉ ໃ ຽກຌຈຌ 251,98 ຖ ໄາຌຈຖາຘະນະຖຈ ນ ຽຑໃ ຓຂ ໄຌ 13,11%, ເຌຌ ໄຌ ຽຄຌບຌຆໃ ທງຽນບຖ ໄາຑາກຖຈຊະຍາຌ ຽຑໃ ຓຂ ໄຌ 19,95 ຖ ໄາຌຈຖາຘະນະຖຈ ນ 13,37% ຖະ ຽຄຌບຌຑາກຽບກະຆຌຽຑໃ ຓຂ ໄຌ 9,26 ຖ ໄາຌຈຖາຘະນະຖຈ ນ 12,59% ຽຓໃ ບຍເຘໃ ຎ 2011.
5. ໜໄຘຌຉ ໃ ຉໃ າຄຎະຽຈ ຓາປບຈຎ 2012 ງບຈຽນບໜ ໄຘຌຉໃ າຄຎະຽຈຂບຄ ຘຎຎ ຖາທ າຌທຌ 3.036,75 ຖ ໄາຌຈຖາຘະນະຖຈ
ຽຑໃ ຌຂ ໄຌ 3,15% ຽຓໃ ບຍເຘໃ ຎ 2011 ຖະ ກທຓຽບາ 33,43% ຂບຄ GDP. ໜໄຘຌຽຄຌກ ໄແຖງະງາທຍຍຘບຄ ຐໃ າງ ກທຓຽບາ 46,28% ຂບຄໜໄຘຌຉ ໃ ຉໃ າຄຎະຽຈຄໝຈ ຖະ ຽຑໃ ຓຂ ໄຌາກຎຏໃ າຌຓາ 12,47%, ຘໃ ທຌໜໄຘຌຽຄຌກ ໄແຖງະງາທຍຍນາງຐໃ າງ ກທຓຽບາ 53,72% (ປຍ 23)
275,51 267,70
381,67 406,18
451,05
50
100
150
200
250
300
350
400
450
500
20
08
20
09
20
10
20
11
20
12
ຖາງປຍາກກາຌໃ ບຄໃ ທ
1.736.78
2.008.36
2.513.022.723.56
3.212.91
0
500000
1000000
1500000
2000000
2500000
3000000
3500000
20
08
20
09
20
10
20
11
20
12
ຉທຽຖກຌກໃ ບຄໃ ທ
ປຍ 22: ຖາງປຍ ຖະ ຉທຽຖກຌກໃ ບຄໃ ທໃ ຽຂ ໄາຓາ ຘຎຎ ຖາທ
ປຍ 23: ໜໄຘຌຉໃ າຄຎະຽຈ
48,73% 48,24%
41,04%36,52%
33,43%
5,49% 4,63% 4,24% 4,82% 3,15%
00
10
20
30
40
50
60
2008 2009 2010 2011 2012
ໜໄຘຌຉ ໃ ຉໃ າຄຎະຽຈຄໝຈຍເຘໃ ຈຑ ກາຌຂະນງາງຉທໜໄຘຌຉ ໃ ຉໃ າຄຎະຽຈຄໝຈ
ນໃ ຄຂ ໄຓຌ: ກຓຌະງຍາງຽຄຌຉາ, ະຌາາຌນໃ ຄ ຘຎຎ ຖາທ
ນໃ ຄຂ ໄຓຌ: ກຓຌະງຍາງຽຄຌຉາ, ະຌາາຌນໃ ຄ ຘຎຎ ຖາທ
ຖ ໄາຌຈຖາຘະນະຖຈ ຌ
ຽຎຽຆຌ (%)
ະຌາາຌນໃ ຄ ຘຎຎ ຖາທ
Bank of the Lao PDR
Annual Economic Report 2012
3. Factor Income
In 2012, the net factor income continued to be in deficit of USD 81.20 million,
which increased by 4.09 percent compared to 2011, the major cause was due to salaries of
foreigners working in Lao embassy rose by 19 percent compared to 2011.
4. Current Transfer
Current transfer continued to record a surplus of USD 251.98 million or rose by
13.11 percent. Of which, official transfer was amounted to USD 19.95 million or rose by
13.37 percent and private transfer was amounted to USD 9.26 million or rose by 12.59
percent compared to 2011.
5. External Debt
As end of 2012, total outstanding external debts of Lao PDR recorded at USD
3,036.75 million, increased by 3.15 percent compared to 2011 and covered 33.43 percent
of GDP. Of which, long-term bilateral debts covered 64.28 percent of total outstanding
external debts or rose by 12.47 percent compared to last year, while long-term
multilateral debts covered 53.72 percent (Figure23).
275.51 267.70
381.67406.18
451.05
50
100
150
200
250
300
350
400
450
500
2008 2009 2010 2011 2012
Revenues From Tourism
1,736,787
2,008,363
2,513,028
2,723,563
3,212,916
0
500000
1000000
1500000
2000000
2500000
3000000
3500000
2008 2009 2010 2011 2012
Number of Tourist Arrivals
Million of USD
Figure 22: Number of Tourist Arrivals to Lao PDR
Figure 12: Broad Money (M2)
Number of Tourists Arrival
48,73% 48,24%
41,04%36,52%
33,43%
5,49% 4,63% 4,24% 4,82% 3,15%
0
10
20
30
40
50
60
2008 2009 2010 2011 2012
Total Debt Stock/GDP Rate of Growth of Total Debt Stock
Figure 23: External Debts
Figure 12: Broad Money (M2)
Percent
Source: Monetary Policy Department, Bank of the Lao PDR
Source: Monetary Policy Department, Bank of the Lao PDR
ຍຈຖາງຄາຌຽຘຈຊະກຈ ຎະ າຎ 2012
6. ຈຌຍຌຆຌ ຖະກາຌຽຄຌ ເຌຎ 2012 ຈຌຍຌຆຌ ຖະ ກາຌຽຄຌຘຍຉ ໃ ຽກຌຈຌ າຌທຌ 622,09 ຖ ໄາຌຈຖາຘະນະຖຈ, ນຈຖຄ
2,75% ຽຓໃ ບຍເຘໃ ຎ 2011. ເຌຌ ໄຌ, ກະຘຽຄຌຌາກຉໃ າຄຎະຽຈຏໃ າຌຖະຍຍະຌາາຌຓຓຌໃ າ 294,38
ຖ ໄາຌຈຖາຘະນະຖຈ ນຈຖຄ 36,94% ຽຓໃ ບຍເຘໃ ຎ 2011 ຽຌໃ ບຄາກທໃ າກະຘຽຄຌຖຄຌຽຂ ໄາເຌຂະໜຄແຒຒໄາ ນຈຖຄຽຊຄ 76,81% ນ ຓຓຌໃ າກາຌຖຄຌຑຄຉໃ 39,73 ຖ ໄາຌຈຖາຘະນະຖຈ.
ຘ າຖຍກາຌຖຄຌເຌນກຆຍຂບຄຌກຖຄຌຉໃ າຄຎະຽຈ ຓຌໃ າ 5,74 ຖ ໄາຌຈຖາຘະນະຖຈ ຽຓໃ ບຍເຘໃຎ 2011, ນຈຖຄ 49,87% ງ ໄບຌທໃ າກາຌຖຄຌເຌປ ໄຌຂບຄຍ ຖຘຈແຒຒໄາຖາທຓະນາຆຌ (EDL-Gen) ນຈຖຄ 3,98 ຖ ໄາຌຈຖາຘະນະຖຈ ຖະ ກາຌຖຄຌປ ໄຌຂບຄະຌາາຌກາຌ ໄາຉໃ າຄຎະຽຈຖາທ ຓະນາຆຌ ນຈຖຄ 1,69
ຖ ໄາຌຈຖາຘະນະຖຈ ຽຓໃ ບຍເຘໃ ຎຏໃ າຌຓາ. ຘໃ ທຌກາຌຖຄຌບໃ ຌໂ ຽກຌຈຌ 321,97 ຖ ໄາຌຈຖາຘະນະຖຈ ຽຑໃ ຓຂ ໄຌ 99,55% ຽຓໃ ບຍເຘໃ ຎ 2011
ຘາຽນຈງ ໄບຌຆຍຘຌຉໃ າຄຎະຽຈຘຈຂບຄະຌາາຌຖະກຈຽຑໃ ຓຂ ໄຌ 109,00%.
V. ຈາຄຖທຓາຄຈ ໄາຌຓະນາຑາກຽຄຌຉາຂບຄ ຘຎຎ ຖາທ ເຌຎ 2013
ໃ າບໃ ຄເຌຎ 2013, ຽຘຈຊະກຈຖກາຈທໃ າງຄະຘຍຉ ໃ ຑຍຑ ໄກຍບຎະຘກ ຖະ ຘໃ ຄ ໄາາງນາງດໃ າຄ ຽຎຌຉ ໄຌ: ທກຈນຌ ໄຽບປຍ, ຘະຑາຍບຈຉານທໃ າຄຄາຌຘຄດໃ ເຌຎະຽຈຑຈະຌາຖ ໄທ, ແຑ າຓະຆາຈໃ ຓທາຓປຌປຄ ຖະ ຊໃ ຂ ໄຌ; ຍຌຈາຎະຽຈກ າຖຄຑຈະຌາງຄຉ ໄບຄແຈ ໄຖະຓຈຖະທຄເຌກາຌຈ າຽຌຌຌະງຍາງກະຉ ໄຌຽຘຈ ຊະກຈຍ ໃ ເນ ໄຘໃ ຄຏຌກະຍຽປຈເນ ໄບຈຉາຽຄຌຽຒໄຘຄ ຽຌໃ ບຄາກຘະຑາຍຖາາຘະຍຄບານາຌຖກຓໃ າບໃ ຄຘຄຂ ໄຌ; ຘ າຖຍຖາາຌ ໄາຓຌ, ຖາາ າ ຖະ ບຈຉາຖກຎໃ ຌງຄະຘຍຉ ໃ ຓທາຓຏຌຏທຌ. ຽຊຄຓໃ ຌທໃ າຘະຑາຍຽຘຈຊະກຈຂບຄຑາກຑ ໄຌ ຖະ ຘາກຌຓທາຓຘຍຘຌນງ ໄຄງາກກ ໃ ຉາຓ ຉໃ ນຖ ະຽຑໃ ຓະທທກຄາຌ ໄຓບຄຓະນາຑາກຈ ໄາຌຽຄຌຉານໃ ຄຆາຈເນ ໄໝ ໄຌໃ ຄຈ ໄທງກາຌຈ າຽຌຌຌະງຍາງຽຄຌຉາຍຍຎະຘຓຎະຘາຌ ຖະ ຑຈະຌາຽໃ ບຄຓຌະງຍາງຽຄຌຉາເນ ໄຓທາຓນຖາກນາງ, ຘຍຉ ໃ ຘ ໄາຄ ຖະ ຎຍຎຄຈ ໄາຌຌຉກ າ, ກຌແກ, ຖະຍບຍຖະຍຍກາຌ ໄຓບຄເນ ໄຘບຈໃ ບຄກຍຘະຑາຍຉໃ ຖະແຖງະ ຈງຘະຽຑາະກາຌນຌຖະຍຍກາຌ ໄຓບຄທາຓຘໃ ຄຂບຄະຌາາຌຖະກຈ ຖະ ຘະຊາຍຌກາຌຽຄຌຉາຓນຖກກາຌກາຌ ໄຓບຄທາຓຘໃ ຄ BASEL I ຽຑໃ ບກ ໄາທຘໃ BASEL II; ຆກງ ໄເນ ໄະຌາາຌຖະກຈ ຽຑໃ ຓະທກາຌຖະຈຓຽຄຌຐາກ ຈ ໄທງກາຌຎຍຎຄບຈຉາຈບກຽຍ ໄງເນ ໄແຎຉາຓຽຄ ໃບຌແຂຽຘຈຊະກຈຑາງເຌຎະຽຈ, ໃ າບໃ ຄຂບຄຘາກຌ ຖະ ຑາກຑ ໄຌ. ຑ ໄບຓຄຆກງ ໄກາຌຂະນງາງຉາໜໃ າຄຍ ຖກາຌຂບຄະຌາາຌຖະກຈເນ ໄກທ ໄາຄຂທາຄ, ຎຍຎຄກຌແກກາຌຍ ຖກາຌເນ ໄຘະຈທກຘະຍາງກທໃ າຽກໃ າ ຖະ ນຌຘໃ ທາຓຽຎຌຌຘະແໜນາງຂ ໄຌ; ຘຍຉ ໃ ໄຓບຄກະຘຽຄຌຌາກຉໃ າຄຎະຽຈຽຂ ໄາ-ບບກ ຘຎຎ ຖາທ ຖະ ທກຄາຌຘໃ ຄຽຘຓກາຌຌ າເຆ ໄຽຄຌກຍດໃ າຄຂຄປຄ, ຎຍຎຄກາຌຍ ຖກາຌເນ ໄຌຘະແໝ ຖະ ຂະນງາງຉາໜໃ າຄກາຌຍ ຖກາຌເນ ໄໃ ທຽຊຄ ຖະ ຆກງ ໄຘໃ ຄຽຘຓກາຌຆ າຖະຈງຍ ໃ ເຆ ໄຽຄຌຘຈດໃ າຄຉ ໄຄໜ ໄາ, ຽຑໃ ຓະທກາຌ ໄຓບຄ ກທຈກາະຌາາຌຖະກຈ ຖະ ຘະຊາຍຌກາຌຽຄຌເນ ໄຓທາຓໝ ໄຌຄ.
ະຌາາຌນໃ ຄ ຘຎຎ ຖາທ
Bank of the Lao PDR
Annual Economic Report 2012
6. Financial and capital account
In 2012, the financial and capital account continued to record a surplus of USD
622.09 million dropped by 2.75 percent compared to 2011. Of which, foreign direct
investment (FDI) was amounted to USD 294.38 million, dropped by 36.94 percent
compared to 2011, due to capital inflows in electricity sector registered only at USD
39.73 million, which dropped by 76.81 percent.
The value of foreign investors invested in the LSX was equivalent to USD 5.74
million dropped by 49.87 percent compared to 2011, because the decrease in share of
EDL-Gen of USD 3.98 million and in shares of BCEL of USD 1.69 million compared to
previous year.
On the other hand, other investments recorded in surplus of USD 321.97 million,
which rose by 99.55 percent compared to 2011, driven by net foreign assets of
commercial banks, rose by 109.00 percent compared to 2011.
V. Lao monetary outlook for 2013.
Economic outlook in the year 2013, global economic is forecasted to face with
obstacles and various challenges such as: debt crisis in Europe, high unemployment rate
in advanced countries, the severe natural calamities, which increasingly occur.
Developing countries are remained to stay alert and implement their economic
stimulation policies discreetly in order to avoid its impact on inflation, due to the global
food price outlook is forecasted to increase, while oil price, gold price and exchange rate
will continue to volatile. Although regional and international economies remain in
turbulence, the BOL will continue to improve its monetary framework with its aim to
maintain long-term monetary stability by implementing a mixed monetary policy,
diversifying monetary policy instruments. Furthermore, the BOL will continue to create
and improve its legislation, mechanism, regime, regulation on banking supervision to be
in line with the phase of each period. Particularly, to convert the existing risk supervision
regulation of commercial banks and financial institutions to be in accordance with Basel I
in order to moving forward to Basel II principles; encourages the commercial banks to
increase in deposit mobilization by setting interest rate to be in accordance with economic
conditions in the country, regional and international trends. Moreover, the BOL will
encourage commercial banks to increase and expand their service network and to improve
their service mechanism to become more facilitated and modernized, monitor closely on
inflows and outflows of capital and intensify its campaign to promote the use of Kip;
continue to improve financial service and expand its network and promote the non-cash
payment means through banking system.
ຍຈຖາງຄາຌຽຘຈຊະກຈ ຎະ າຎ 2012 Annual Economic Report 2012
ໃ າຌ ຘຓຘະນທາຈ ຽຖໃ ຄຘະນທຈ ປບຄຌາງກຖຈຊະຓຌຉ
ຎະາຌຘະຑາຍ ຖນາຌ ນຖ Mr. Somsavat LENGSAVAD,
Deputy Prime Minister, Chairman of
Executive Board
ໃ າຌ ຈຕ. ຘຓຑາທ ແຒຘຈ ຏ ໄທໃ າກາຌະຌາາຌນໃ ຄ ຘຎຎ ຖາທ ປບຄຎະາຌຘະຑາຍ ຖນາຌ ນຖ Dr. Somphao PHAYSITH,
Governor of the Bank of Lao PDR,
Vice Chairman
ໃ າຌ ຑຽຑຈ າຑຌທຄ ຖຈຊະຓຌຉທໃ າກາຌກະຆທຄກາຌຽຄຌ ປບຄຎະາຌຘະຑາຍ ຖນາຌ ນຖ
Mr. Phouphet KHAMPHOUNVONG,
Minister of Finance, Vice Chairman
ໃ າຌ ຘຓຍຌ ຖາຆາຘຓຍຈ ຖຈຊະຓຌຉຆໃ ທງທໃ າກາຌກະຆທຄ
ຑະຖຄຄາຌ ຖະ ຍ ໃ ປໃ ກ າຓະກາຌຘະຑາຍ ຖນາຌ ນຖ
Mr. Somboun RASASOMBATH,
Deputy Minister of Ministry of
Energy and Mines, Board member
ໃ າຌ ຘທຘະນທາຈ ຘະນທຄຘກຘາ ຖຈຊະຓຌຉຆໃ ທງທໃ າກາຌກະຆທຄ ບຈຘະນະກ າ-ກາຌໄາ
ກ າຓະກາຌຘະຑາຍ ຖນາຌ ນຖ Mr. Siaosavath SAVENGSUKSA,
Deputy Minister of Ministry of Industry
and Commerce, Board member
ໃ າຌ ຈຕ. ຉ ຑຓຓະກ ຖຈຊະຓຌຉຆໃ ທງກາຌກາຌກະຆທຄກະຘກ າ-ຎໃ າແຓ ໄ
ກ າຓະກາຌຘະຑາຍ ຖນາຌ ນຖ Dr. Ty PHOMMASACK,
Deputy Minister of Ministry of Agriculture
and Forestry, Board member
ໃ າຌ ຘບຌແຆ ຘຈຑະແຆ ປບຄຏ ໄທໃ າກາຌະຌາາຌນໃ ຄ ຘຎຎ ຖາທ
ກ າຓະກາຌຘະຑາຍ ຖນາຌ ນຖ Mr. Sonexay SITHPHAXAY,
Deputy Governor, Board member
ຘະຑາຍ ຖນາຌ Executive Board
ະຌາາຌນໃ ຄ ຘຎຎ ຖາທ / Bank of the Lao PDR
ຍຈຖາງຄາຌຽຘຈຊະກຈ ຎະ າຎ 2012 Annual Economic Report 2012
ໃ າຌ ຈຕ. ຘຓຑາທ ແຒຘຈ ຏ ໄທໃ າກາຌະຌາາຌນໃ ຄ ຘຎຎ ຖາທ Dr. Somphao PHAYSITH,
Governor of the Bank of Lao PDR
ໃ າຌ າທຄ ຍຑະທຄ ປບຄຏ ໄທໃ າກາຌະຌາາຌນໃ ຄ ຘຎຎ ຖາທ
Mr. Khamvong THIPPHAVONG,
Deputy Governor
ໃ າຌ ຘບຌແຆ ຘຈຑະແຆ ປບຄຏ ໄທໃ າກາຌະຌາາຌນໃ ຄ ຘຎຎ ຖາທ Mr. Sonexay SITHPHAXAY,
Deputy Governor
ໃ າຌ ບ ໄ ທຖະຑຌ ຏ ໄຆໃ ທງທກະຌະຏ ໄທໃ າກາຌ ະຌາາຌນໃ ຄ ຘຎຎ ຖາທ
Mr. Or VILAPHAN Assistant Governor
ໃ າຌ ຌ. າຑາ ຎາຌຓະແຖບຄ ຏ ໄຆໃ ທງທກະຌະຏ ໄທໃ າກາຌະຌາາຌນໃ ຄ ຘຎຎ ຖາທ
Mrs. Khampha PANEMALAYTHONG
Assistant Governor
ະຌະຏ ໄທໃ າກາຌະຌາາຌນໃ ຄ ຘຎຎ ຖາທ
Governor and Deputy Governors
ະຌາາຌນໃ ຄ ຘຎຎ ຖາທ / Bank of the Lao PDR
ຍຈຖາງຄາຌຽຘຈຊະກຈ ຎະ າຎ 2012 Annual Economic Report 2012
ໃ າຌ ຌ. ຑາຘ ຑຓຓະກບຌ ນທໜໄານ ໄບຄກາຌ ນຖ
Mrs. Phasy PHOMMAKONE
Director General,
Administration Department
ໃ າຌ ຌ. ຍຌຉາ ຈາຕາທ ນທໜໄາກຓຈຉ ໄຄ ຖະ ຑະຌກຄາຌ
Mrs. Bounta DALAVY
Director General,
Organization and Personnel
Department
ໃ າຌ ຑຈະແຆ ຘທແຆ ນທໜໄາກຓ ໄຓບຄະຌາາຌຖະກຈ Mr. Phouthaxay SIVILAY
Director General,
Commercial Banks Supervision
Department
ໃ າຌ ຌ. ຈທຄຈ ຑຓທຄຘາ ທກ. ນທໜໄາຘະຊາຍຌກາຌະຌາາຌ
Mrs. Douangdy PHIMVONGSA
Director General Banking
Institute
ໃ າຌ ໜ ໃ ກ ໄທ ຓຌທຄ ປກຘາກາຌນທໜໄາກຓກທຈກາຑາງເຌ Mr. Norkeo MOUNIVONG
Acting Director General
Internal Audit Department
ໃ າຌ ຈຕ. ບາຓ ຎຕະຽຘຈ ນທໜໄາກຓ ໄຓບຄຘະຊາຍຌກາຌຽຄຌ
Dr. Arkhom PRASEUTH
Director General,
Financial Institutions Supervision
Department
ໃ າຌ າຑຈ ຘຈຖາຈ ນທໜໄາກຓຌະງຍາງຽຄຌຉາ
Mr. Khamphout SITTHILATH
Director General,
Monetary Policy Department
ໃ າຌ ຌ. ຂຌກ ໄທ ນ ໄາຓະຌຽຄາ ນທໜໄາກຓຍຌຆ-ກາຌຽຄຌ
Mrs. Khankeo LAHMANINGAO
Director General,
Accounting Department
ໃ າຌ ຘທແຖ ຑຓຓະກ ນທໜໄາກຓຍ ຖກາຌະຌາາຌ
Mr. Sivilay PHOMMACHACK
Director General,
Banking Operations Department
ໃ າຌ ຎາຌບຓ ຖາຖ ນທໜໄາກຓຑທຑຌຘາກຌ
Mr. Panom LATHOULY
Director General,
International Relations Department
ນທໜໄາກຓ ຖະ ຍຽໃ າກຓ
Director Generals and Equivalent Ranks
ໃ າຌ ຘຑຈ ຈງາ ນທໜໄາກຓຽຄຌຉາ-ຄຘາຄ
Mr. Souphat KHOTNHOTHA
Director General,
Currency Issues Department
ໃ າຌ ຍຌະທ ກະຖຄ ນທໜໄາຘຌຍ ຖກາຌຽກຍຆ ໄໜ ໄ
ຖະ ປຍຐາກຽກຍໜ ໄ Mr. Bounthavy KEATHALONG
Director General ,
Debit Processing center
ະຌາາຌນໃ ຄ ຘຎຎ ຖາທ / Bank of the Lao PDR
ຍຈຖາງຄາຌຽຘຈຊະກຈ ຎະ າຎ 2012 Annual Economic Report 2012
ໃ າຌ ຽຖໃ ບຌ ທຄຑຕະຌະບຌ ນທໜໄາໜໃ ທງຄາຌຉ ໄາຌກາຌຒບກຽຄຌ
Mr. Leuane VONGPHRANAKHORN
Director of Anti Money Laundering
Intelligence Unit
ໃ າຌ ແຂໃ ກ ໄທ ນທຄຘທແຖ ນທໜໄາຘຌຽຉກຌຖຆ ຖະ ຂ ໄຓຌຂໃ າທຘາຌ
Mr. Khaikeo LUANGSIVILAY
Director General, Information and
Communication Technology Center
ໃ າຌ ຎະຓຌ ຌຌະທຄ ປກຘາກາຌນທໜໄາປຄຑຓະຌາຍຈ ນຖ
Mr. Pamoun NANTHAVONG
Acting Director General,
Printing House
ໃ າຌ ຍຌແ ຘຑຈບຌ ນທໜໄາ ນຖ ຑາກຽໜບ ໃ ຂທຄບຈຓແຆ Mr. Boonthai SOUPHADTHONE
Director General, Northern Branch,
Udomxay Province
ໃ າຌ ທຌ າ ຈທຄຓະຌຌ ນທໜໄາ ນຖ ຑາກຽໜບ ໃ ຂທຄນທຄຑະຍາຄ
Mr. Vanhkham DUANGMANICHANH
Director General, Northern Branch,
Luangprabang Province
ໃ າຌ ຍຌທຄ ຈທຄຈບກຽກຈ ນທໜໄາ ນຖ ຑາກກາຄ ໃ ຂທຄຘະນທຌຌະຽຂຈ Mr. Bounvong DUANGDOKKHETH
Director General, Central Branch,
Savanhnakhet Province
ໃ າຌ ຌະ ຌຉະຖທຄ ນທໜໄາ ນຖ ຑາກເຉໄ ໃ ຂທຄ າຎາຘກ
Mr. Nah CHANTALIVONG
Director General, Southern Branch,
Champasack Province
ໃ າຌ ຘຌຉ ຑຌຽຓບຄຖາທ ຏ ໄບ າຌທງກາຌກບຄຌຎກຎໄບຄຏ ໄຐາກຽຄຌ
Mr. Santy PHONMEUANGLAO
Director General, Depositor Protection Fund
ໃ າຌ ຌ. ທຈະຌາ ຈາຖາຖບງ ນທໜໄາຘ າຌກຄາຌະຌະກ າຓະກາຌ ໄຓບຄນກຆຍ
ຖະ ຉະນາຈນກຆຍ Mrs. Vathana DALALOY
Director General, Lao Securities and
Exchange Commission Office
ໃ າຌ ປຘ. ຽຈຈຑທຄ ຓຖຕຉຌ ຎະາຌ ຖະ ຏ ໄບ າຌທງກາຌເນງໃ
ຉະນາຈນກຆຍຖາທ Associate Prof. Dethphouvang MOULARAT
Chairman and CEO of the Lao Securities Exchange
ະຌາາຌນໃ ຄ ຘຎຎ ຖາທ / Bank of the Lao PDR
ຍຈຖາງຄາຌຽຘຈຊະກຈ ຎະ າຎ 2012 Annual Economic Report 2012
ຏຌທາຈ 1: ຄປໃ າຄກາຌຈຉ ໄຄຂບຄະຌາາຌນໃ ຄ ຘຎຎ ຖາທ
ຘະຑາຍ ຖນາຌ
ຏ ໄທໃ າກາຌ
ປບຄຏ ໄທໃ າກາຌ
ນໄບຄກາຌ
ກຓຈຉ ໄຄ ຖະ ຑະຌກຄາຌ
ກຓກທຈກາຑາງເຌ
ກຓຍຌຆ-ກາຌຽຄຌ
ຘຌຽຉກຌຖຆ ຖະ ກາຌຘໃ ຘາຌຂ ໄຓຌຂໃ າທຘາຌະຌາາຌ
ກຓຽຄຌຉາ-ຄຘາຄ
ປຄຑຓ ນຖ
ກຓຌະງຍາງຽຄຌຉາ
ກຓ ໄຓບຄະຌາາຌຖະກຈ
ກຓຍ ຖກາຌະຌາາຌ
ກຓ ໄຓບຄຘະຊາຍຌກາຌຽຄຌ
ກຓຑທຑຌຘາກຌ
ຑາກຘໃ ທຌໃ ຂ ໄຌກຍກາຌຆ ໄຌ າຂບຄະຌາາຌນໃ ຄ ຘຎຎ ຖາທ
ຘ າຌກຄາຌະຌະກ າຓະກາຌ ໄຓບຄນກຆຍ ຖະ ຉະນາຈນກຆຍ
ຉະນາຈນກຆຍຖາທ
ຘຌຍ ຖກາຌຽກຍຆ ໄໜ ໄ ຖະ ປຍຐາກຽກຍໜໄ
ກບຄຌຎກຎໄບຄຏ ໄຐາກຽຄຌ
ໜໃ ທງຄາຌຉ ໄາຌກາຌຒບກຽຄຌ
ຘະຊາຍຌກາຌະຌາາຌ
ະຌາາຌນໃ ຄ ຘຎຎ ຖາທ ຑາກຽໜບ ໃ ຂທຄບຈຓແຆ
ະຌາາຌນໃ ຄ ຘຎຎ ຖາທ ຑາກເຉ ໄ ໃ ຂທຄ າຎາຘກ
ະຌາາຌນໃ ຄ ຘຎຎ ຖາທ ຑາກຽໜບ ໃ ຂທຄນທຄຑະຍາຄ
ະຌາາຌນໃ ຄ ຘຎຎ ຖາທ ຑາກກາຄ ໃ ຂທຄຘະນທຌຌະຽຂຈ
ະຌາາຌນໃ ຄ ຘຎຎ ຖາທ
ຍຈຖາງຄາຌຽຘຈຊະກຈ ຎະ າຎ 2012 Annual Economic Report 2012
Chart 1: Organizational Chart of the Bank Lao PDR
Executive Board
Governor
Deputy Governor
Administration Department
Organization & Personnel
Department
Internal Audit Department
Accounting Department
Information Communication
Technology of the Bank
Currency Issue Department
Printing House
Monetary Policy Department
Commercial Banks Supervision
Department
Banking Operations Department
Financial Institutions
Supervision Department
International Relations
Department
Relevant Institutions Under Leadership
of the Bank of the Lao PDR
Lao Securities and Exchange
Commission Office
Lao Securities Exchange
Asset Management Center
Depositor Protection Fund
Anti Money Laundering
Intelligence Unit
Banking Institute
Bank of the Lao PDR Northern
Branch at Oudomxay province
Bank of the Lao PDR Southern
Branch at Champasack province
Bank of the Lao PDR Northern
Branch at Luangphabang
province
Bank of the Lao PDR Central
Branch at Savanhnakhet
province
Bank of the Lao PDR
ຍຈຖາງຄາຌຽຘຈຊະກຈ ຎະ າຎ 2012 Annual Economic Report 2012
ຏຌທາຈ 2: ຄປໃ າຄກາຌຈຉ ໄຄ ຂບຄຖະຍຍະຌາາຌເຌ ຘຎຎ ຖາທ
ະຌາາຌນໃ ຄ ຘຎຎ ຖາທ
ະຌາາຌ ກາຌ ໄາຉໃ າຄ ຎະຽຈຖາທ ຓະນາຆຌ
ະຌາາຌ ຑຈະຌາຖາທ ະຌາາຌ ຘໃ ຄຽຘຓກະຘກ າ ະຌາາຌ ຌະງຍາງ
ະຌາາຌຖະກຈຖຈ
ະຌາາຌ ປໃ ທຓຑຈະຌາ ະຌາາຌ ຑຄຘະນທຌ າກຈ ະຌາາຌ ຽບຘ າກຈ ະຌາາຌ ບຌຈຌ ະຌາາຌ ຍດບຄຖາທ າກຈ ະຌາາຌ ຖາທກ ໃ ຘ ໄາຄ າກຈ
ະຌາາຌປໃ ທຓຌ
ະຌາາຌປໃ ທຓຖະກຈຖາທ–ນທຈ
ະຌາາຌ ຖາທ–ຐຕໃ ຄ
ະຌາາຌຽບກະຆຌ ະຌາາຌເຌຽບ
ະຌາາຌ ຽບຽບຌຆຈຖາທ າກຈ ະຌາາຌ ຽບຆຖຈາຖາທ າກຈ ະຌາາຌ ກາຌ ໄາຘາກຌຖາທ າກຈ
ະຌາາຌ ກຄຽຍ າກຈ ະຌາາຌ ກຄແ າກຈ ະຌາາຌ ກຄຘບະງະງາ າກຈ ະຌາາຌ ະນາຌແ າກຈ ະຌາາຌ ແຑາຌຈ າກຈ ະຌາາຌ ຑາຍຖກ ຽຍຕາຈ ະຌາາຌ ຑາຍຖກ ຘາຂາ ຘແ ະຌາາຌ ຑາຍຖກ ຘາຂາ ຘະນທຌຌາຽຂຈ ະຌາາຌ ກຄຘບະງະງາ າກຈ ຘາຂາ ຘະນທຌຌາຽຂຈ
ະຌາາຌ ແຆຄໃບຌຽໃ ບຄຉຌ ຘາຂາຖາທ ະຌາາຌ ປ ໄຌຘໃ ທຌກາຌ ໄາະນາຌ ຘາຂາຖາທ ະຌາາຌ ບຈຘະນະກ າ ຖະ ກາຌ ໄາ ຘາຂາ ຌະບຌນທຄ
ະຌາາຌ ນທຈຉຌ ຘາ ຂາຖາທ ະຌາາຌ ກາຌ ໄາແຆຄໃບຌ ປ ໄາຌ ໄງ ຘາຂາຖາທ ະຌາາຌ ຑາຍຖກ ຘາຂາ ຎາກຽຆ ະຌາາຌ ຽຓຍຄ ຘາຂາ ຖາທ
ະຌາາຌຖະກຈຉໃ າຄຎະຽຈ
ໝາງຽນຈ: ະຌາາຌຌະງຍາງ ຓໃ ຌະຌາາຌຘະຽຑາະກຈ, ຓໜໄາຎະຉຍຈຉາຓຌທາຄຌະງຍາງຂບຄຖຈຊະຍາຌເຌກາຌຘະໜບຄຌຽຑໃ ບກ ໄແຂທາຓກງາກເຌຂບຍຽຂຈຉທຽຓບຄກງາກໃ ກ າຌຈຈງຖຈຊະຍາຌ.
ະຌາາຌນໃ ຄ ຘຎຎ ຖາທ
ຍຈຖາງຄາຌຽຘຈຊະກຈ ຎະ າຎ 2012 Annual Economic Report 2012
Chart 2: Organizational Chart of Lao Banking System
Bank of the Lao PDR
Banque pour le
Commerce Extrieur Lao
Lao Development Bank
Agricultural Promotion
Bank
Nayoby Bank
State-Owned
Commercial Banks
Joint Development Bank
Phongsavanh Bank
ST Bank
Indochina Bank Booyong Lao Bank
Lao Construction Bank
Joint Venture Banks
Lao-Viet Bank
Barque Franco-Lao
Private Banks Affiliated Banks
ANZ Lao Bank
Acleda Bank Lao Ltd
International Commercial Bank
Bangkok Bank
Krung Thai Bank
Ayudhya Bank
Thai Military Bank Siam Commercial Bank Public Bank Public Bank Sikhai Branch Public Bank Savanakheht Branch Ayudhya Bank Savanakheht Branch Sacom Bank
Military Commercial Joint Stock
Bank
ICBC Bank
Vietin Bank Lao Branch
Saigon-Honoi Commercial Joint
Stock Bank Branch
Public Bank Pakse Branch May Bank
Foreign Branchs
Noted: Nayody is a special red bank,
which has a play role guided by state to
pro aide the capital in order to solute the
poverty reduction in the range of poor
districts as set by Government.
Bank of the Lao PDR
ຍຈຖາງຄາຌເຘຈຊະກຈ ຎະ າຎ 2012 Annual Economic Report 2012
ະຌາາຌແນໆຄ ຘຎຎ ຖາທ / Bank of the Lao PDR
ຖາງກາຌ 2008(R) 2009(R) 2010(R) 2011(R) 2012 (P) Items
ຂະແໜຄກາຌຏະຖຈ ເຎເຆຌກາຌຎໆຽຌແຎຄ/ in percent change Real Sector
ຖທຓງບຈຏະຖຈຉະຑຌຑາງໃຌຉາຓຖາາຎ 2002 7.78 7.50 8.13 8.04 7.93 GDP growth rate at constant price 2002
ບຈຉາເຄຌເຒ າງຎ 3.17 3.92 5.76 7.70 4.73 Inflation rate (End of Period)
ບຈຉາເຄຌເຒຘະເຖໆງໃຌຎ 7.63 0.03 5.98 7.58 4.26 Annual inflation rate (average)
ກາຌເຄຌຂບຄຖຈຽຍໃຘໆ GDP 2007/2008 2008/2009 2009/2010 2010/2011 2011/2012 Public Finance GDP
ຖາງປຍຄຍຎະຓາຌຖທຓຄເຄຌຆໆທງເນ ບຖ າ 17.43 17.31 22.29 22.24 24.16 Revenues and grants
ຖາງປຍຑາງໃຌ 14.56 14.89 15.73 16.30 17.67 Revenues
ເຄຌຆໆທງເນ ບຖ າ 2.87 2.42 6.56 5.94 6.49 Grants
ຖທຓງບຈຖາງໆາງ ແຖະ ໃນ ກ ດຓຘຈ 20.50 20.67 24.58 24.18 25.62 Total expenditures and net lending
ຖາງໆາງຍ ຖນາຌໆ ທໄຎ 12.27 13.63 12.76 12.66 13.31 Current expenditures
ຖາງໆາງຖຄຌ ແຖະ ໃນ ກ ດຓຘຈ 8.24 7.04 11.82 11.52 12.31 Capital and On-lending net
ຈໆຌຈໆຽຄຖທຓ -3.07 -3.36 -2.29 -1.94 -1.46 Overall Cash Balance
ຈໆຌຈໆຽຄຖທຓ ໆ ຍ ໆ ຌຍເຄຌຆໆທງເນ ບຖ າ -5.94 -5.78 -8.85 -7.88 -7.95 Overall Cash Balance (Excl grants)
ຂະແໜຄເຄຌຉາ 2008 2009 2010 2011 2012 Monetary Sector
ບຈຉາກາຌເຑໆ ຓຂ ຌຂບຄຎະຖຓາຌເຄຌ າງຎ 18.31 31.23 39.13 25.20 31.05 Annual growth rate of Money Supply M2
ຂະແໜຄກາຌເຄຌຉໆາຄຎະເຈຽຍໃຘໆ GDP 2008 2009 2010 2011 2012 External Sector /GDP
ຈຌກາຌຆ າຖະກຍຉໆາຄຎະເຈ 1.90 1.36 1.50 -0.71 0.67 Overall Balance
ຈຌກາຌຆ າຖະເຄຌຎກກະຉ (ຖທຓຄເຄຌໂບຌາຄກາຌ) 1.71 -1.09 0.43 1.96 2.30
Current Account Balance (Including Official Transfers)
ຈຌກາຌຆ າຖະເຄຌຎກກະຉ (ຍ ໆ ຖທຓເຄຌໂບຌຂບຄາຄກາຌ) 0.25 -2.84 -1.16 0.11 0.44
Current Account Balance
(Excluding Official Transfers)
ຓ ຌໆາກາຌ າ 47.21 45.01 55.62 56.99 52.14 Foreign Trade Volume
ຈຌກາຌ າ -5.89 -7.31 -4.59 -2.66 -2.18 Trade Balance
ຈຌຍຌຆຌ ແຖະ ກາຌເຄຌ 8.14 11.54 5.87 7.94 6.85 Capital and Financial Accounts
ງບຈໜຘຌຉໆາຄຎະເຈ 48.73 48.24 41.04 36.52 33.43 Stock of External Debts
ຉາຉະຖາຄ 1: ຉທເຖກຆ ຍບກເຘຈຊະກຈໆ ຘ າຌຂບຄ ຘຎຎ ຖາທ Table 1: Selected Key Economic Indicators of the Lao PDR
(ເຎເຆຌ/in percent)
ແນ ໆ ຄຂ ຓ ຌ: ກຓຘະຊຉເຘຈຊະກຈ, ຘ ຌຘະຊຉແນໆຄຆາຈ Source: Department of Economic Statistics, Lao Statistics Bureau
ກະຆທຄແຏຌກາຌ ແຖະ ກາຌຖຄຌ Ministry of Planning and Investment
P: ຂ ຓ ຌເຍ ບຄຉ ຌ P: Prelimiary Data
(R) ຂ ຓ ຌໆ ຓກາຌຎຍຎຄໃໝໆ ແຉໆຎ 2008-2011 າກຎ ຓຍຈຖາງຄາຌເຘຈຊະກຈ ຎະ າຎ 2011 (R) Revised 2008-2011 data Form Annual Report 2011
ຍຈຖາງຄາຌເຘຈຊະກຈ ຎະ າຎ 2012 Annual Economic Report 2012
ະຌາາຌແນໆຄ ຘຎຎ ຖາທ / Bank of the Lao PDR
ຖາງກາຌ 2008(R) 2009(R) 2010(R) 2011(R) 2012 (P) Items
ຖທຓງບຈຏະຖຈຉະຑຌຑາງໃຌຉາຓຖາາໃຌຎ 46,214.71 47,562.30 56,522.56 64,727.06 72,727.45 GDP at Market Price
ຖທຓງບຈຏະຖຈຉະຑຌຑາງໃຌຉາຓຖາາຄໆ ຎ 2002 27,099.19 29,132.16 31,500.91 34,033.74 36,731.46 GDP at Constant Price year 2002
ຖທຓງບຈຏະຖຈຉະຑຌຑາງໃຌຉ ໆ ນທຌ(ໂຈຖາຘະນະຖຈ) 719 907 1,076 1,263 1,396 GDP Per capita (US$)
ບຈຉາກາຌຂະນງາງຉທເຘຈຊະກຈ (%) 7.78 7.50 8.13 8.04 7.93 GDP Growth Rate (%)
ກະຘກ າ 8,782.58 9,031.18 9,318.87 9,566.57 9,879.54 Agriculture
ກາຌຎ ກຐຄ ແຖະ ຖ ຽຄຘຈ 6,620.66 7,117.32 7,359.12 7,720.84 8,121.29 Agriculture and lives stock
ຎໆາໄຓ 1,216.27 930.45 897.88 729.25 586.63 Forestry
ກາຌຎະຓຄ 945.65 983.41 1,061.87 1,116.48 1,171.62 Fishing
ບຈຘານະກ າ 5,857.41 6,939.64 8,153.27 9,345.24 10,411.10 Industry
ຍ ໆ ແປໆ ແຖະ ກາຌຂຈ ຌ 1,341.45 2,003.14 2,254.71 2,371.14 2,563.19 Mining and Quarrying
ບຈຘານະກ າກາຌຎຄແຉໆຄ 2,600.75 2,777.60 2,972.04 3,261.14 3,735.28 Manufacturing
ບຈຘານະກ າໄຒຒາ ແຖະ ຌ າຎະຎາ 841.94 779.75 1,271.54 1,646.98 1,651.02 Electricity and Water
ກາຌກ ໆ ຘ າຄ 1,073.27 1,379.15 1,654.98 2,065.98 2,461.62 Construction
ກາຌຍ ຖກາຌ 10,577.62 11,213.92 11,993.72 12,959.83 14,155.80 Services
ກາຌ າຂາງງກ ຂາງງໆບງ ແຖະ ຘ ບຓແຎຄ 5,320.26 5,682.03 6,051.37 6,575.52 7,255.83 Wholesale and Retail Trade, Repairs
ໂປຄແປຓ ແຖະ ປ າຌບານາຌ 187.88 201.22 213.49 243.02 263.31 Hotels and Restaurants
ກາຌຂຌຘໆ ຄ, ຘາຄ, ໄຎຘະຌ ແຖະ ໂຖະຓຓະຌາຓ 1,332.76 1,406.06 1,500.27 1,628.13 1,730.26 Transport and Community
ກາຌຍ ຖກາຌຈ າຌກາຌເຄຌ 908.07 986.16 1,074.91 1,206.69 1,350.60 Financial Intermediation
ກາຌເຆໆ າຆ ແຖະ ກາຌຍ ຖກາຌຖະກຈ 887.24 909.42 940.95 1,015.78 1,097.05 Real Estate and Business Services
ກາຌຍ ຖກາຌຓທຌຆຌ, ຘຄຓ ແຖະ ຘໆທຌຍກຌ 468.44 497.60 528.49 568.31 596.73 Community, Social and Personal Services
ກາຌທໆາ າຄຑາງໃຌທເປບຌ 194.58 209.18 219.64 231.23 244.27 Private Households with Employed Persons
ກາຌຍ ຖກາຌຂບຄຑາກຖຈ 1,863.62 2,113.77 2,387.31 2,528.69 2,766.78 Producers of Government Services
ຘໆ ກາຄກາຌຍ ຖກາຌຈ າຌກາຌເຄຌ (ທຈແກາຄບ ບຓ) -585.23 -791.52 -922.71 -1,037.54 -1,149.04 Financial Intermediation Services Indirectly
Measured
ຖທຓງບຈຓ ຌເຑໆ ຓຄໝຈກຂະແໜຄກາຌ 25,217.61 27,184.74 29,465.86 31,871.64 34,446.44 All Industries at Basic Prices
ບາກບຌຏະຖຈຉະຑຌ ແຖະ ຑາຘຂາເຂ າ, ຘຈ 1,881.57 1,947.42 2,035.06 2,162.09 2, 285.02 Tax on Products and Import Duties, Net
ຘກຎຄຍຎະຓາຌ 2007/2008 2008/2009 2009/2010 2010/2011 2011/2012(P) Fiscal year
ຖທຓງບຈຏະຖຈຉະຑຌ ຑາງໃຌຉາຓຖາາໃຌຎ 44,211.90 47,225.30 54,282.59 62,457.80 70,343.00 GDP at Market Price
ຉາຉະຖາຄ 2: ຖທຓງບຈຏະຖຈຉະຑຌຑາງໃຌ ຈໄຖໆຉາຓຓ ຌໆາເຑໆ ຓ Table 2: Gross Domestic Product by Value Added
(ຉ ກຍ/Billion Kip)
ໝາງເນຈ: P ໝາງເຊຄຉທເຖກເຍ ບຄຉ ຌ Note: P is Prelimiary
ແນ ໆ ຄຂ ຓ ຌ: ກຓຘະຊຉເຘຈຊະກຈ, ຘ ຌຘະຊຉແນໆຄຆາຈ Source: Department of Economic Statistics, Lao Statistics Bureau
ກະຆທຄແຏຌກາຌ ແຖະ ກາຌຖຄຌ Ministry of Planning and Investment (R) ຂ ຓ ຌໆ ຓກາຌຎຍຎຄໃໝໆ ແຉໆຎ 2008-2011 າກຎ ຓຍຈຖາງຄາຌເຘຈຊະກຈ ຎະ າຎ 2011 (R) Revised 2008-2011 data Form Annual Report 2011
ຍຈຖາງຄາຌເຘຈຊະກຈ ຎະ າຎ 2012 Annual Economic Report 2012
ະຌາາຌແນໆຄ ຘຎຎ ຖາທ / Bank of the Lao PDR
ໜທຈຘຌ າ 2011(R) 2012 Category
ຈຈຆະຌຖາາຏ ຆຓໃຆ ຖທຓ 105.96 110.48 All Consumer Price Index (CPI)
ຈຈຆະຌແຉໆຖະໝທຈຘຌ າ
CPI Components
1. ໝທຈຘະຍຽຄບານາຌ ແຖະ ເໆ ບຄຈໆ ຓໆ ຍ ໆ ແຓໆຌເນ າ 108.80 114.89 1. Food and non-alcoholic beverages
2. ໝທຈເນ າ ແຖະ ດາຘ ຍ 101.04 105.29 2. Alcoholic beverages and tobacco
3. ໝທຈເໆ ບຄຌໆຄນໆ ຓ ແຖະ ເກຍ 102.26 104.37 3. Clothing and footwear
4. ໝທຈໆ ຑກບາໃຘ, ຌ າຎະຎາ, ໄຒຒາ ແຖະ ເຆ ບຄເຑຄ 103.51 114.50 4. Housing, water, electricity and fuels
5. ໝທຈເໆ ບຄໃຆ ໃຌເປບຌ 101.72 104.17 5. Household goods
6. ໝທຈກາຌປກຘາຘຂະຑາຍ 100.44 101.62 6. Health
7. ໝທຈຓຓະຌາຓ ແຖະ ກາຌຂຌຘໆ ຄ 107.63 110.51 7. Transport
8. ໝທຈໄຎຘະຌ ແຖະ ໂຖະຓຓະຌາຓ 103.74 105.09 8. Communication
9. ໝທຈກາຌຍຌເຄ ແຖະ ກາຌຑກຏໆບຌ 100.82 102.21 9. Recreation and culture
10. ໝທຈກາຌຘກຘາ 98.65 99.90 10. Education
11. ໝທຈປາຌບານາຌ ແຖະ ໂປຄແປຓ 105.04 113.51 11. Restaurants & hotels
12. ໝທຈຘຌ າ ແຖະ ກາຌຍ ຖກາຌບໆ ຌ 103.32 105.62 12. Miscellaneous goods and services
ຉາຉະຖາຄ 3: ຈຈຆະຌຖາາຏ ຆຓໃຆ (ຽຍຊາຌ ເຈບຌ 12/2010=100) Table 3: Consumer Price Index (12/2010=100)
ແນ ໆ ຄຂ ຓ ຌ: ກຓຘະຊຉເຘຈຊະກຈ, ຘ ຌຘະຊຉແນໆຄຆາຈ Source: Department of Economic Statistics, Lao Statistics Bureau
ກະຆທຄແຏຌກາຌ ແຖະ ກາຌຖຄຌ Ministry of Planning and Investment
(R) ຂ ຓ ຌໆ ຓກາຌຎຍຎຄໃໝໆ ແຉໆຎ 2008-2011 າກຎ ຓຍຈຖາງຄາຌເຘຈຊະກຈ ຎະ າຎ 2011 (R) Revised 2008-2011 data Form Annual Report 2011
ຍຈຖາງຄາຌເຘຈຊະກຈ ຎະ າຎ 2012 Annual Economic Report 2012
-
ໜທຈຘຌ າ 2011 2012 Category
ບຈຉາເຄຌເຒຘະເຖໆງ(%∆ຎຉ ໆ ຎ) 7.58 4.26 Inflation rate (%∆YOY)
1. ໝທຈຘະຍຽຄບານາຌ ແຖະ ເໆ ບຄຈໆ ຓຍ ໆ ແຓໆຌເນ າ 11.03 5.60 1. Food And non-alcoholic beverages
2. ໝທຈເນ າ ແຖະ ດາຘ ຍ 3.21 3.19 2. Alcoholic beverages and tobacco
3. ໝທຈເໆ ບຄຌໆຄນໆ ຓ ແຖະ ເກຍ 3.33 2.06 3. Clothing and footwear
4. ໝທຈໆ ຑກບາໃຘ, ຌ າຎະຎາ, ໄຒຒາ ແຖະ ເຆໆ ບເຑຄ 6.37 10.62 4. Housing, water, electricity and fuels
5. ໝທຈເໆ ບຄໃຆ ໃຌເປບຌ 3.10 2.41 5. Household Goods
6. ໝທຈກາຌປກຘາຘຂະຑາຍ 1.12 1.18 6. Health
7. ໝທຈຓຓະຌາຓ ແຖະ ກາຌຂຌຘໆ ຄ 9.02 2.68 7. Transport
8. ໝທຈໄຎຘະຌ ແຖະ ໂຖະຓຓະຌາຓ 4.50 1.30 8. Communications
9. ໝທຈກາຌຍຌເຄ ແຖະ ກາຌຑກຏໆບຌ 1.48 1.37 9. Recreation and culture
10. ໝທຈກາຌຘກຘາ -0.80 1.26 10. Education
11. ໝທຈປາຌບານາຌ ແຖະ ໂປຄແປຓ 5.27 8.06 11. Restaurants & hotels
12. ໝທຈຘຌ າ ແຖະ ກາຌຍ ຖກາຌບໆ ຌ 4.67 2.23 12. Miscellaneous goods and services
ຉາຉະຖາຄ 4: ບຈຉາເຄຌເຒຘະເຖໆງ(ຽຍຊາຌ ເຈບຌ 12/2010=100) Table 4: Inflation Rate Average (12/2010=100)
ແນ ໆ ຄຂ ຓ ຌ: ກຓຘະຊຉເຘຈຊະກຈ, ຘ ຌຘະຊຉແນໆຄຆາຈ Source: Department of Economic Statistics, Lao Statistics Bureau
ກະຆທຄແຏຌກາຌ ແຖະ ກາຌຖຄຌ Ministry of Planning and Investment
ະຌາາຌແນໆຄ ຘຎຎ ຖາທ / Bank of the Lao PDR
ຍຈຖາງຄາຌເຘຈຊະກຈ ຎະ າຎ 2012 Annual Economic Report 2012
ຖາງກາຌ 2007/08(R) 2008/09(R) 2009/10(R) 2010/11(R) 2011/12(P) Items
ຖາງປຍຖທຓຄເຄຌຆໆທງເນ ບຖ າ 7,708.31 8,173.61 12,100.37 13,890.07 16,992.40 Revenues and Grants
ຖາງປຍຑາງໃຌ 6,439.14 7,030.43 8,538.38 10,181.27 12,427.75 Revenues
ຖາງປຍຑາຘບາກບຌ 5,627.10 6,207.58 7,502.55 9,108.64 10,914.85 Tax Revenues
ຖາງປຍຍ ໆ ແຓໆຌຑາຘບາກບຌ 812.04 822.85 1,035.82 1,072.63 1,512.90 Non-tax Revenues
ເຄຌຆໆທງເນ ບຖ າ 1,269.18 1,143.18 3,562.00 3,708.80 4,564.65 Grants
ເຄຌຆໆທງເນ ບຖ າໂຄກາຌ 614.43 632.27 879.09 1,152.33 1,191.91 Project Grants
ເຄຌຆໆທງເນ ບຖ າຍ ໆ ແຓໆຌໂຄກາຌ 574.60 - 2,320.44 2,249.95 2,998.63 Non-Project Grants (Donors)
ເຄຌຆໆທງເນ ບຖ າຍ ໆ ແຓໆຌໂຄກາຌ (ດໆຎໆຌ) - 75.00 - 70.00 34.00 Non-Project Grants (Japan)
ເຄຌຆໆທງເນ ບຖ າໂຄກາຌ ຈຈແກ ຓະນາຑາກ 80.14 435.91 362.47 236.53 340.12 Program Grants
ຖທຓງບຈຖາງໆາງ ແຖະ ໃນ ກ ດຓຘຈ 9,065.66 9,761.56 13,342.41 15,102.90 18,021.03 Expenditures and Net Lending
ຖາງໆາງຍ ຖນາຌໆ ທໄຎ 5,423.62 6,437.13 6,928.71 7,905.76 9,364.89 Current Expenditures
ເຄຌເຈບຌ ແຖະ ເຄຌບຈໜ ຌຉໆາຄ 2,082.18 2,588.32 2,688.24 2,940.28 3,560.20 Wages & Salaries
ເຄຌໂບຌ 932.92 1,302.79 1,546.41 1,866.00 2,014.85 Transfers
ທຈຊ ແຖະ ບຎະກບຌ 903.93 1,035.05 1,190.65 1,438.28 1,746.79 Materials & Supplies
ຖາງໆາງຆ າຖະໜ 500.00 500.00 668.19 656.95 598.75 Debt Payment
ຈບງເຍ ງເຄຌກ 361.38 263.77 397.81 446.51 590.95 Interest Payment
ຉໆາຄຎະເຈ 291.38 205.47 318.29 373.00 473.49 External
ຑາງໃຌຎະເຈ 70.00 58.30 79.52 73.51 117.46 Domestic
ບໆ ຌ 289.93 716.67 437.41 357.94 400.05 Others
ຖາງໆາງຌບກແຏຌ 353.29 30.53 - 199.81 453.30 Expenditure for revenue
exceeding plan
ຖາງໆາງຖຄຌ 3,642.03 3,324.43 6,413.70 7,197.14 8,656.15 Capital Expenditure
ແນ ໆ ຄຌຑາງໃຌ 688.00 1,137.83 1,717.64 1,838.06 2,652.82 Local Finances
ແນ ໆ ຄຌຉໆາຄຎະເຈ 2,954.03 2,186.60 4,696.06 5,359.08 6,003.33 Foreign Finance
ເຄຌກ ດຓໂຄກາຌ 1,765.00 1,554.34 1,496.53 1,956.81 1,812.79 Project Loan
ເຄຌຆໆທງເນ ບໂຄກາຌ 614.43 632.26 879.09 1,152.33 1,191.91 Project Grant
ເຄຌຆໆທງເນ ບຖ າຍ ໆ ແຓໆຌໂຄກາຌ 574.60 - 2,320.44 2,249.95 2,998.63 Non-Project Grant
ຈໆຌຈໆຽຄ 1,015.52 593.30 1,609.67 2,275.51 3,062.87 Current Cash Balance
ຈໆຌຈໆຽຄເຄຌຘຈຖທຓ -1,357.34 -1,587.95 -1,242.04 -1,212.83 -1,028.63 Overall Cash Balance
ຍ ໆ ຖທຓຌຆໆທງເນ ບຖ າ -2,626.52 -2,731.13 -4,804.03 -4,921.63 -5,593.28 (Excluding Grants)
ຖາງປຍເຑໆ ບຈໆຌຈໆຽຄ 1,357.34 1,587.95 1,242.04 1,212.83 1,028.63 Financing
ແນ ໆ ຄຌຑາງໃຌ -150.10 400.98 63.50 -200.46 -155.23 Domestic Financing
ຖະຍຍະຌາາຌ -786.00 402.20 -193.01 -457.65 1,534.91 Bank Financing
(ຘຌເຆໆ ບ) ຖະຍຍະຌາາຌ -582.00 534.47 -290.01 -517.65 1,854.43 Bank financing credit
( າໜໆາງ) ຑຌະຍຈ 50.00 80.00 200.00 260.00 - Treasury Bills Issued
(ໄຊໆຊບຌ) ຑຌະຍຈ -254.00 -212.27 -103.00 -200.00 -319.52 Treasury Bills Repayment
ຍ ໆ ແຓໆຌຖະຍຍະຌາາຌ 635.90 -1.22 256.51 257.19 -1,690.14 Non-Bank Financing
( າໜໆາງ) ຑຌະຍຈ - - - - - Treasury Bills (Issued)
(ໄຊໆຊບຌ) ຑຌະຍຈ - - - - - Treasury Bills (Repament)
ຂາງຆຍຘຌ ແຖະ ປຍຌຉ ຌຌກຘ ຍຌ າ 34.27 48.75 277.32 268.91 91.26 Assets Sales+Pump Amortization
ຉາຉະຖາຄ 5: ຊາຌະກາຌເຄຌຂບຄຖຈ Table 5: Status of Government Budget
(ຉ ກຍ/Billion Kip)
ະຌາາຌແນໆຄ ຘຎຎ ຖາທ / Bank of the Lao PDR
ຍຈຖາງຄາຌເຘຈຊະກຈ ຎະ າຎ 2012 Annual Economic Report 2012
ະຌາາຌແນໆຄ ຘຎຎ ຖາທ / Bank of the Lao PDR
ງບຈເນ ບຏໆາຌຓາ 642.12 647.20 417.76 687.52 - Previous Year Balance Sheet
ຏຈຈໆຽຄ -40.49 -697.17 -438.57 -699.24 -1,781.39 Differences
ແນ ໆ ຄຌຉໆາຄຎະເຈ(ຘຈ) 1,507.44 1,186.97 1,178.54 1,413.29 1,183.86 Foreign Financing (Net)
ເຄຌກ ດຓຈຈແກ ຓະນາຑາກ - - - - - Program Loans
ເຄຌກ ດຓໂຄກາຌ 1,765.00 1,554.34 1,496.53 1,956.81 1,812.79 Project Loans
ຖາງໆາງຆ າຖະຉ ຌຌເຄຌກ ດຓ -401.62 -510.21 -542.34 -694.51 -774.50 Amortization(Repayment)
ຖາງໆາງຆ າຖະໜຍ ໆ ແຓໆຌໂຄກາຌ ງໆ ຎໆຌ - - 85.00 - -34.00 Non-Program Grants (Japan)
ໃນ ກ ດຓຉ ໆ ຘຈຌ 144.06 142.84 139.35 150.99 179.57 On-Lending Net
ໝາງເນຈ: P ໝາງເຊຄຉທເຖກເຍ ບຄຉ ຌ Note: P is Prelimiary
ແນ ໆ ຄຂ ຓ ຌ: ກະຆທຄກາຌເຄຌ Source: Ministry of Finance (R) ຂ ຓ ຌໆ ຓກາຌຎຍຎຄໃໝໆ ແຉໆຎ 2008-2011 າກຎ ຓຍຈຖາງຄາຌເຘຈຊະກຈ ຎະ າຎ 2011 (R) Revised 2008-2011 data Form Annual Report 2011
ຍຈຖາງຄາຌເຘຈຊະກຈ ຎະ າຎ 2012 Annual Economic Report 2012
ະຌາາຌແນໆຄ ຘຎຎ ຖາທ / Bank of the Lao PDR
ຖາງກາຌ 2007/08(R) 2008/09(R) 2009/10(R) 2010/11(R) 2011/12(P) Items
1. ຖາງປຍຑາຘ-ບາກບຌ 5,627.10 6,207.58 7,502.55 9,108.64 10,914.85 1. Tax Revenues
ບາກບຌກ າໄຖ 1,321.60 1,302.97 1,124.90 1,592.15 2,196.03 Profits Tax
ບາກບຌຖາງໄຈ 333.07 424.68 462.39 543.46 744.20 Income Tax
ບາກບຌໆ ຈຌ 77.95 63.91 77.57 98.15 55.15 Land Tax
ໆາ າຌຽຓບາກບຌ 2.52 3.68 2.46 0,01 - Business Licenses
ບາກບຌຉ ໆ າຘຈ 21.50 29.24 33.28 41.61 49.56 Minimum Tax
ບາກບຌຉທເຖກຖະກຈ 1,228.52 1,401.04 1,868.68 510.04 410.81 Turnover Tax
ບາກບຌຓ ຌໆາເຑໆ ຓ - - - 1,893.10 2,416.21 VAT
ບາກບຌຆຓໃຆ 1,190.01 1,432.49 1,686.70 1,947.59 2,344.31 Excise Tax
ຑາຘຂາເຂ າ 674.18 726.22 832.04 964.63 1,047.33 Import Duties
ຑາຘຂາບບກ 22.27 48.84 58.81 115.08 105.07 Export Duties
ໆາ າຌຽຓຖຄະຍຽຌ 13.93 26.69 44.61 55.47 45.97 Registration Fees
ໆາ າຌຽຓບໆ ຌ 263.42 372.65 702.00 532.41 537.40 Other Fees
ບາກບຌຆຍຘຌ 316.52 219.48 450.55 526.89 705.72 Natural Resources Taxes
ໆາຑາກນ ທຄໄຓ 105.20 78.05 49.29 92.74 78.60 Timber Royalty Receipts
ໆາຑາກນ ທຄໄຒຒາ 56.40 77.66 109.27 195.32 178.49 Hydropower Royalties
2. ຖາງປຍໆ ຍ ໆ ແຓໆຌຑາຘ-ບາກບຌ 812.04 822.85 1,035.82 1,076.63 1,512.90 2. Non-Tax Revenues
ໆາເຆໆ າ 27.22 41.08 38.03 29.82 80.78 Leasing Fees
ໆາຘ າຎະາຌ 17.93 30.66 37.60 31.02 55.53 Concessions
ໆາຎຍໄໝ 31.41 25.25 29.76 43.27 39.77 Penalties (Fine)
ໆາ າຌຽຓຍ ຖນາຌ 100.88 76.03 122.54 98.92 189.63 Administration Fees
ເຄຌຎຌຏຌ ແຖະ ໆານ ງນ ຽຌ 293.34 338.35 419.00 507.43 763.95 Depreciation and Dividends
ຈບກເຍ ງ 105.28 94.66 147.21 97.69 100.97 Interest
ໆາຍຌຏໆາຌ 235.44 203.42 222.41 244.81 257.49 Over-Flight Revenues
ໆາ າຌຽຓຆຌຖະຎະາຌ - - 12.18 11.85 13.55 Irrigation fees
ໆາກາຌຘະນຄທຌຎໆາໄຓ 0.55 13.40 7.08 11.83 11.24 Forest Preservation Funds
ບໆ ຌ - - - - - Others
ຖາງປຍຑາຘ-ບາກບຌ ແຖະ ຍ ໆ ແຓໆຌຑາຘບາກບຌ 6,439.14 7,030.43 8,538.38 10,185.26 12,427.75 Total Tax and Non-Tax Revenues
ຂາງຆຍຘຌ 57.59 48.57 277.19 268.91 91.26 Assets Sales
ປຍຆ າຖະຌຉ ຌຌ 209.84 142.84 139.35 150.99 179.57 Amortization (Capital Return)
ປຍຆ າຖະຉ ຌຌກຆ ຍຌ າ 0.55 0.18 0.13 - - Pump Amortization
ຖາງປຍຄໝຈຖທຓກຍປຍຆ າຖະຉ ຌຌຌ 6,707.12 7,222.02 8,955.04 10,605.16 12,698.58 Total Revenue with Capital Return
ຉາຉະຖາຄ 6: ຖາງປຍຄຍຎະຓາຌ Table 6: Government Revenues
(ຉ ກຍ/Billion Kip)
ໝາງເນຈ: P ໝາງເຊຄຉທເຖກເຍ ບຄຉ ຌ Note: P is Prelimiary
ແນ ໆ ຄຂ ຓ ຌ: ກະຆທຄກາຌເຄຌ Source: Ministry of Finance (R) ຂ ຓ ຌໆ ຓກາຌຎຍຎຄໃໝໆ ແຉໆຎ 2008-2011 າກຎ ຓຍຈຖາງຄາຌເຘຈຊະກຈ ຎະ າຎ 2011 (R) Revised 2008-2011 data Form Annual Report 2011
ຍຈຖາງຄາຌເຘຈຊະກຈ ຎະ າຎ 2012 Annual Economic Report 2012
ະຌາາຌແນໆຄ ຘຎຎ ຖາທ / Bank of the Lao PDR
ຖາງກາຌ 2008(R) 2009(R) 2010(R) 2011(R) 2012(P) Items
ຆຍຘຌຉໆາຄຎະເຈຘຈ 5,225.71 4,555.35 5,151.10 4,771.64 5,254.82 Net Foreign Assets
ຆຍຘຌຉໆາຄຎະເຈຘຈ 5,412.47 5,367.51 5,868.32 5,434.77 5,891.97 Foreign Assets
ໜຘຌຉໆາຄຎະເຈຘຈ -186.76 -812.16 -717.22 -663.13 -637.15 Foreign Liabilities
ຆຍຘຌຑາງໃຌຘຈ -449.58 1,880.29 4,409.39 6,341.14 8,877.74 Net Domestic Assets
ຘຌເຆໆ ບຑາງໃຌ 164.96 2,669.54 4,561.07 7,511.81 9,236.34 Domestic Credits
ຘຌເຆໆ ບໃນ ຖຈຊະຍາຌຘຈ -1,057.20 -815.20 -741.57 -652.78 630.00 Net Claims on Govt
ຘຌເຆໆ ບໃນ ຖຈຊະຍາຌ 972.85 925.09 925.63 688.29 1,228.26 Claims on Govt
ເຄຌຐາກຖຈຊະຍາຌ -2,030.05 -1,740.29 -1,667.20 -1,341.07 -598.26 Deposits of Govt
ຘຌເຆໆ ບຑາກຘໆທຌເຘຈຊະກຈ 685.07 2,312.23 3,367.06 4,996.89 4,959.16 Credits to the Economy
ຘຌເຆໆ ບໃນ ຘະຊາຍຌກາຌເຄຌ 537.09 1,172.51 1,935.58 3,167.70 3,647.18 Credits to Banks
ຑຌະຍຈະຌາາຌກາຄ -222.52 -660.18 -1,023.30 -2,145.13 -1,786.36 BOL Securities
ຖາງກາຌບໆ ຌຘຈ -392.02 -129.07 871.62 974.46 1,427.76 Other Items (Net)
ຊາຌເຄຌຉາ 4,776.03 6,435.56 9,560.38 11,112.78 14,132.56 Monetary Base
ເຄຌຘຈດ ໆ ຂບຈ ຖະບຌ 2,508.25 3,579.58 4,504.52 5,661.18 7,168.83 Currency in Circulation
ເຄຌຐາກ 2,267.78 2,855.98 5,055.86 5,451.60 6,963.73 Deposits
ເຄຌຐາກຆ າຖະຘະຘາຄ 1,279.82 1,569.92 3,328.82 2,963.76 3,641.41 Clearing Deposits
ເຄຌແປຐາກຍຄຍ 618.71 792.96 1,023.37 1,514.73 1,778.16 Required Reserve
ຌຈະຍຽຌຂບຄ ກ 368.83 359.06 511.08 824.67 1,516.67 Capital Deposits
ເຄຌຐາກຂບຄຑາກຘໆທຌບໆ ຌ 0.42 134.04 192.59 148.44 27.49 Other Deposits
ຉາຉະຖາຄ 7: ຊາຌະກາຌເຄຌຂບຄະຌາາຌ ແນໆຄ ຘຎຎ ຖາທ Table 7: Balance Sheet of the BOL
(ຉ ກຍ/Billion Kip)
ແນ ໆ ຄຂ ຓ ຌ: ະຌາາຌແນໆຄ ຘຎຎ ຖາທ Source: Bank of the Lao PDR
P: ຂ ຓ ຌເຍ ບຄຉ ຌ P: Prelimiary Data
(R) ຂ ຓ ຌໆ ຓກາຌຎຍຎຄໃໝໆ ແຉໆຎ 2008-2011 າກຎ ຓຍຈຖາງຄາຌເຘຈຊະກຈ ຎະ າຎ 2011 (R) Revised 2008-2011 data Form Annual Report 2011
ຍຈຖາງຄາຌເຘຈຊະກຈ ຎະ າຎ 2012 Annual Economic Report 2012
ະຌາາຌແນໆຄ ຘຎຎ ຖາທ / Bank of the Lao PDR
ຖາງກາຌ 12-2008(R) 12-2009(R) 12-2010(R) 12-2011(R) 12-2012(P) Items
ຆຍຘຌຉໆາຄຎະເຈຘຈ 7,363.61 5,499.85 6,280.00 5,710.94 5,878.72 Net Foreign Assets
ຆຍຘຌຉໆາຄຎະເຈ 9,433.47 8,139.11 10,324.72 11,476.87 12,954.47 Foreign Assets
ໜຘຌຉໆາຄຎະເຈ -2,069.86 -2,639.26 -4,044.72 -5,765.93 -7,075.75 Foreign Liabilities
ຆຍຘຌຑາງໃຌຘຈ 4,195.86 9,678.32 14,889.03 21,535.13 29,826.22 Net Domestic Assets
ຘຌເຆໆ ບຑາງໃຌ 5,203.37 10,516.13 16,055.99 22,892.91 32,556.66 Domestic Credits
ຘຌເຆໆ ບໃນ ຖຈຊະຍາຌຘຈ -643.40 -627.00 -480.77 -1,211.28 2,031.50 Net Claims on Govt.
ຘຌເຆໆ ບໃນ ຖຈຊະຍາຌ 1,654.15 1,667.39 1,974.23 1,516.19 3,563.96 Claims on Govt.
ເຄຌຐາກຖຈຊະຍາຌ -2,297.55 -2,294.39 -2,455.00 -2,727.47 -1,532.46 Deposits of Govt.
ຘຌເຆໆ ບໃນ ຑາກຘໆທຌເຘຈຊະກຈ 5,846.77 11,143.13 16,536.76 24,104.19 30,525.16 Credits to the Economy
ຘຌເຆໆ ບໃນ ຖຈທຘານະກຈ 1,290.77 2,578.53 3,824.86 6,391.49 6,591.56 Credits to State Enterprises
ຘຌເຆໆ ບໃນ ຑາກເບກະຆຌ 4,556.00 8,564.60 12,711.90 17,712.70 23,933.60 Credits to Private Sector
ຖາງກາຌບໆ ຌຘຈ -1,007.51 -837.81 -1,166.96 -1,357.78 -2,730.44 Other Items (Net)
ຌໆ ະຌາາຌກ າກຖຈຊະຍາຌ -183.13 -162.20 -136.96 -105.72 -82.47 Government Lending Fund
ເຄຌຐາກ າກຈ -52.00 -8.70 -8.40 -148.80 -279.00 Restricted Deposits
ຍຌຆຌ -1,926.23 -2,749.92 -4,621.38 -5,497.98 -7,617.80 Capital Account
ບໆ ຌ 1,153.85 2,083.01 3,599.78 4,394.72 5,248.83 Others
ຎະຖຓາຌເຄຌຉາຓທາຓໝາງກທ າຄ 11,557.37 15,178.09 21,168.82 27,246.07 35,704.94 Broad Money
ຎະຖຓາຌເຄຌທາຓໝາງແຍ 3,710.87 4,790.49 6,260.92 7,169.27 8,343.54 Money
ເຄຌດ ໆ ຌບກຖະຍຍະຌາາຌ 2,218.75 3,085.78 3,799.92 4,843.88 6,019.73 Currency Outside Banks
ເຄຌຐາກກະແຘຖາງທຌ 1,492.12 1,704.71 2,461.00 2,325.39 2,323.81 Demand Deposits
ຎະຖຓາຌເຄຌຎະເຑຈບໆ ຌ 7,848.50 10,387.60 14,907.90 20,076.80 27,361.40 Quasi Money
ເຄຌຐາກຎະດຈ ແຖະ ຐາກຓກ າຌຈ 2,025.00 3,395.50 5,594.90 8,127.40 12,192.70 Time and Saving Deposits
ເຄຌຐາກເຎຌເຄຌຉາຉໆາຄຎະເຈ 5,823.50 6,992.10 9,313.00 11,949.40 15,168.70 Foreign Currency Deposits
ຉາຉະຖາຄ 8: ຊາຌະກາຌເຄຌຂບຄຖະຍຍະຌາາຌ Table 8: Monetary Survey
(ຉ ກຍ/Billion Kip)
ແນ ໆ ຄຂ ຓ ຌ: ະຌາາຌແນໆຄ ຘຎຎ ຖາທ Source: Bank of the Lao PDR
P: ຂ ຓ ຌເຍ ບຄຉ ຌ P: Prelimiary Data
(R) ຂ ຓ ຌໆ ຓກາຌຎຍຎຄໃໝໆ ແຉໆຎ 2008-2011 າກຎ ຓຍຈຖາງຄາຌເຘຈຊະກຈ ຎະ າຎ 2011 (R) Revised 2008-2011 data Form Annual Report 2011
ຍຈຖາງຄາຌເຘຈຊະກຈ ຎະ າຎ 2012 Annual Economic Report 2012
ຖາງກາຌ 12-2008(R) 12-2009 12-2010 12-2011 12-2012(P) Items
I. ະຌາາຌ ແນໆຄ ຘຎຎ ຖາທ I. Bank of The Lao PDR
ຈບກເຍ ງເຄຌກ 7.00 4.00 5.00 5.00 5.00 Bank Rate
ຑຌະຍຈ ນຖ ( 1 ຎ) BOL Securities (1 year )
ກຍ 6.00-7.00 6.00-7.00 6.5-7.00 6.5-7.00 6.5-7.00 Kip
ໂຈຖາ 3.00 - 3.50 3.00 - 3.50 3.00-3.75 3.00-3.75 3.00-3.75 US Dollar
II. ະຌາາຌຖະກຈ II. Commercial Banks
1. ບຈຉາຈບກເຍ ງເຄຌຐາກ 1. Deposits Rates
ຍຌຆເຄຌກຍ Kip Account
ເຄຌຐາກກະແຘຖາງທຌ nil nil nil nil nil Current Account Deposits
ເຄຌຐາກຎະດຈ 2.50-5.00 2.50-5.00 2.50-4.50 2.00-4.50 2.00-4.50 Saving Deposits
ເຄຌຐາກຓກ າຌຈ Time Deposits
3 ເຈບຌ 4.00-9.00 3.00-8.00 3.00-8.00 3.00-8.00 3.00-6.50 3 Months
6 ເຈບຌ 5.00-11.00 4.00-10.00 4.00-10.00 4.00-10.00 4.00-8.00 6 Months
12 ເຈບຌ 7.00-13.00 5.00-12.00 5.00-12.00 5.00-12.00 5.00-10.25 12 Months
>12 ເຈບຌ 8.00-12.00 8.00-12.00 8.00-12.00 7.50-12.50 7.50-11.25 > 12Months
ຍຌຆເຄຌຍາຈ Thai Baht Account
ເຄຌຐາກກະແຘຖາງທຌ nil nil nil nil nil Current Account Deposits
ເຄຌຐາກຎະດຈ 0.25-1.25 0.25-2.00 0.25-2.00 0.25-2.00 0.25-2.30 Saving Deposits
ເຄຌຐາກຓກ າຌຈ Time Deposits
3 ເຈບຌ 0.75-1.60 0.75-3.50 0.75-3.50 0.75-4.00 0.75-3.47 3 Months
6 ເຈບຌ 0.75-3.00 0.75-6.50 0.75-6.50 0.75-6.50 0.75-4.11 6 Months
12 ເຈບຌ 0.75-3.00 0.75-5.50 0.75-5.50 0.75-5.50 0.75-6.00 12 Months
>12 ເຈບຌ 2.25-2.85 2.70-5.00 2.70-5.00 3.00-5.50 3.00-10.00 >12 Months
ຍຌຆເຄຌໂຈຖາ US Dollar Account
ເຄຌຐາກກະແຘຖາງທຌ nil nil nil nil nil Current Account Deposits
ເຄຌຐາກຎະດຈ 0.25-2.00 0.25-2.00 0.25-2.00 0.25-2.00 0.25-2.20 Saving Deposits
ເຄຌຐາກຓກ າຌຈ Time Deposits
3 ເຈບຌ 0.75-1.75 0.50-4.00 0.50-4.00 0.50-4.00 0.50-4.00 3 Months
6 ເຈບຌ 1.25-2.75 0.75-5.00 0.75-50 0.75-5.00 0.75-5.00 6 Months
12 ເຈບຌ 1.50-3.25 1.00-6.00 1.00-6.00 1.00-6.00 1.00-7.00 12 Months
>12 ເຈບຌ 2.25-2.85 1.25-5.00 1.25-5.00 1.25-6.50 1.25-7.50 > 12 Months
ຉາຉະຖາຄ 9: ບຈຉາຈບກເຍ ງ Table 9: Interest Rates
(ເຎເຆຌຉ ໆ ຎ/ In Percent per Annum)
ະຌາາຌແນໆຄ ຘຎຎ ຖາທ / Bank of the Lao PDR
ຍຈຖາງຄາຌເຘຈຊະກຈ ຎະ າຎ 2012 Annual Economic Report 2012
ະຌາາຌແນໆຄ ຘຎຎ ຖາທ / Bank of the Lao PDR
2. ບຈຉາຈບກເຍ ງເຄຌກ 2. Lending Rates
ຍຌຆເຄຌກຍ Kip Accounts
ຎະເຑຈຖ ກ າ A (ໄຖງະ 1 ຎ) 11.00-24.00 9.00-26.55 8.00-22.00 8.00-21.00 8.00-19.50 Customer A (1year)
ຎະເຑຈຖ ກ າ B (ໄຖງະ 1 ຎ) 12.00-13.00 10.00-14.00 9.00-14.00 9.00-18.00 9.00-15.00 Customer B (1year)
ຎະເຑຈຖ ກ າ C (ໄຖງະ 1 ຎ) 14.00-16.00 11.00-15.00 10.00-15.00 10.00-18.00 10.00-15.00 Customer C (1year)
ຍຌຆເຄຌຍາຈ Thai Baht Accounts
ຎະເຑຈຖ ກ າ A (ໄຖງະ 1 ຎ) 7.00-18.00 6.00-15.50 6.00-17.00 6.50-17.00 3.85-17.00 Customer A (1year)
ຎະເຑຈຖ ກ າ B (ໄຖງະ 1 ຎ) 7.50-8.00 6.50-9.00 7.75-9.00 7.15-13.00 7.15-11.50 Customer B (1year)
ຎະເຑຈຖ ກ າ C (ໄຖງະ 1 ຎ) 8.50-10.00 7.25-10.00 8.25-10.00 8.50-11.00 7.80-11.50 Customer C (1year)
ຍຌຆເຄຌໂຈຖາ US Dollar Accounts
ຎະເຑຈຖ ກ າ A (ໄຖງະ 1 ຎ) 5.00-14.00 6.00-18.00 6.00-18.00 6.00-16.00 5.25-16.00 Customer A (1year)
ຎະເຑຈຖ ກ າ B (ໄຖງະ 1 ຎ) 8.00-9.00 7.50-9.00 7.75-9.00 7.15-11.00 7.15-10.00 Customer B (1year)
ຎະເຑຈຖ ກ າ C (ໄຖງະ 1 ຎ) 10.00-12.00 7.75-10.00 8.25-10.00 8.50-11.00 7.80-11.00 Customer C (1year)
ເຄຌເຍກເກຌຍຌຆ Overdraft
ກຍ 15.00-24.00 9.75-20.00 9.75-20.00 15.00-18.00 9.75-19.50 Kip
ຍາຈ 7.00-18.00 7.00-16.00 7.00-16.00 10.00-16.00 7.00-17.00 Baht
ໂຈຖາ 6.00-14.00 6.00-14.00 6.00-14.00 10.00-14.00 6.00-16.00 US Dollar
ແນ ໆ ຄຂ ຓ ຌ: ະຌາາຌແນໆຄ ຘຎຎ ຖາທ Source: Bank of the Lao PDR
P: ຂ ຓ ຌເຍ ບຄຉ ຌ P: Prelimiary Data (R) ຂ ຓ ຌໆ ຓກາຌຎຍຎຄໃໝໆ ແຉໆຎ 2008-2011 າກຎ ຓຍຈຖາງຄາຌເຘຈຊະກຈ ຎະ າຎ 2011 (R) Revised 2008-2011 data Form Annual Report 2011
ຍຈຖາງຄາຌເຘຈຊະກຈ ຎະ າຎ 2012 Annual Economic Report 2012
ະຌາາຌແນໆຄ ຘຎຎ ຖາທ / Bank of the Lao PDR
ຉາຉະຖາຄ 10: ເຄຌຐາກຂບຄະຌາາຌຖະກຈ Table 10: Commercial banks’ Deposits
(ຉ ກຍ/ Billion Kip)
ຖາງກາຌ/Items 2010(R) 2011(R) 2012(P)
ກຍ ຄຉຉ ຽຍກຍ ຖທຓ ກຍ ຄຉຉ ຽຍກຍ ຖທຓ ກຍ ຄຉຉ ຽຍກຍ ຖທຓ
Kip FOREX in Kip Total Kip FOREX in Kip Total Kip FOREX in Kip Total
ເຄຌຐາກຖທຓ/Total Deposits 8,051.82 9,313.06 17,364.88 10,441.81 11,949.39 22,391.20 14,515.51 15,168.70 29,684.21
ເຄຌຐາກກະແຘຖາງທຌ/Current Account Deposits 2,456.89 2,359.89 4,816.78 2,314.38 3,265.36 5,579.74 2,322.90 3,899.28 6,222.18
ເຄຌຐາກຎະດຈ/Savings 1,673.83 4,368.07 6,041.90 2,270.34 5,238.12 7,508.46 3,251.84 5,974.87 9,226.71
ເຄຌຐາກຓກ າຌຈ/Term Deposits 3,921.10 2,585.10 6,506.20 5,857.09 3,445.91 9,303.00 8,940.77 5,294.55 14,235.32
3 ເຈບຌ/ 3 Months 1,293.96 853.08 2,147.04 1,581.41 930.40 2,511.81 2,503.42 1,482.47 3,985.89
6 ເຈບຌ/ 6 Months 1,097.91 7,223.83 1,821.74 1,405.70 827.02 2,232.72 1,966.96 1,111.86 3,078.82
12 ເຈບຌ/ 12 Months 901.85 594.57 1,496.42 1,815.70 1,068.23 2,883.93 2,861.05 1,694.26 4,555.31
> 12 ເຈບຌ; < 24 ເຈບຌ/ > 12 M ; < 24 M 627.38 413.62 1,041.00 1,054.28 620.26 1,674.54 1,609.34 1,005.96 2,615.30
ເຄຌຐາກຂບຄຏ ໆ ຍ ໆ ຉ ຄດ ໆ ຖາທ/ Non-Resident Deposits 621.28 729.32 1,350.60 934.65 1,142.35 2,077.00 947.58 1,068.55 2,016.13
ເຄຌຐາກບໆ ຌ/Others Deposits 8.40 - 8.40 148.80 - 148.80 278.97 - 278.97
ແນ ໆ ຄຂ ຓ ຌ: ະຌາາຌແນໆຄ ຘຎຎ ຖາທ Source: Bank of the Lao PDR
P: ຂ ຓ ຌເຍ ບຄຉ ຌ P: Prelimiary Data (R) ຂ ຓ ຌໆ ຓກາຌຎຍຎຄໃໝໆ ແຉໆຎ 2008-2011 າກຎ ຓຍຈຖາງຄາຌເຘຈຊະກຈ ຎະ າຎ 2011 (R) Revised 2008-2011 data Form Annual Report 2011
ຍຈຖາງຄາຌເຘຈຊະກຈ ຎະ າຎ 2012 Annual Economic Report 2012
ະຌາາຌແນໆຄ ຘຎຎ ຖາທ / Bank of the Lao PDR
ຖາງກາຌ ຘຌເຆໆ ບແງກເຎຌຂະແໜຄກາຌ 2008(R) 2009(R) 2010(R) 2011(R) 2012(P) Credit by Sectors
ຂະແໜຄບຈຘານະກ າ ແຖະ ນຈຊະກ າ 1,001.37 1,633.72 2,462.73 3,802.35 4,090.56 Credits for Industry and Handicraft
ຂະແໜຄກ ໆ ຘ າຄ 206.47 353.24 1,619.87 2,407.52 4,601.88 Credits for Constructions
ຂະແໜຄຘະໜບຄທຈຊ ແຖະ ເຉກຌກ 438.74 679.98 632.15 764.29 1,022.64 Credits for Materials and Technical Supplies
ຂະແໜຄກະຘກ າ 671.02 1,192.17 2,067.64 2,560.38 2,045.28 Credits for Agricultures
ຂະແໜຄກາຌ າ 1,335.88 2,075.26 3,081.71 4,068.85 6,135.84 Credits for Commerce
ຂະແໜຄຂຌຘໆ ຄ 144.53 247.27 513.62 726.08 1,022.64 Credits for Transportations
ຂະແໜຄຍ ຖກາຌ 500.68 732.95 1,659.38 3,229.13 4,090.56 Credits for Services
ຂະແໜຄບໆ ຌ 862.00 1,916.31 1,132.59 1,547.70 2,556.60 Credits for Other Activities
ຖທຓງບຈຘຌເຆໆ ບ 5,161.69 8,830.90 13,169.69 19,106.30 25,566.00 Total Credit Outstanding
ບຈຉາຂະນງາງຉທຂບຄຘຌເຆໆ ບ (%) (ເຎເຆຌກາຌຎໆຽຌແຎຄ /In Percent change) Credits Growth (%)
ຂະແໜຄບຈຘານະກ າ ແຖະ ນຈຊະກ າ 49.59 63.15 50.74 54.40 7.58 Credits for Industry and Handicraft
ຂະແໜຄກ ໆ ຘ າຄ 67.77 71.09 358.57 48.62 91.15 Credits for Constructions
ຂະແໜຄຘະໜບຄທຈຊ ແຖະ ເຉກຌກ 85.01 54.98 -7.03 20.90 33.80 Credits for Materials and Technical Supplies
ຂະແໜຄກະຘກ າ 172.61 77.67 73.43 23.83 -20.12 Credits for Agricultures
ຂະແໜຄກາຌ າ 51.48 55.23 48.50 32.06 50.76 Credits for Commerce
ຂະແໜຄຂຌຘໆ ຄ 434.90 71.09 107.72 41.37 40.84 Credits for Transportations
ຂະແໜຄຍ ຖກາຌ 113.84 46.39 126.40 94.60 26.68 Credits for Services
ຂະແໜຄບໆ ຌ 48.02 122.31 -40.90 36.65 65.19 Credits for Other Activities
ຖທຓຘຌເຆໆ ບຄໝຈ 71.95 71.09 49.13 45.09 33.80 Total Credits Outstanding
ງບຈຘຌເຆໆ ບຖທຓຽຍໃຘໆ GDP 11.17 18.57 23.30 29.52 35.15 Total Credits in Percent of GDP
ຉາຉະຖາຄ 11: ຘຌເຆໆ ບຂບຄະຌາາຌຖະກຈ Table 11: Commercial banks’Credits
(ຉ ກຍ/ Billion Kip)
ແນ ໆ ຄຂ ຓ ຌ: ະຌາາຌແນໆຄ ຘຎຎ ຖາທ Source: Bank of the Lao PDR
P: ຂ ຓ ຌເຍ ບຄຉ ຌ P: Prelimiary Data (R) ຂ ຓ ຌໆ ຓກາຌຎຍຎຄໃໝໆ ແຉໆຎ 2008-2011 າກຎ ຓຍຈຖາງຄາຌເຘຈຊະກຈ ຎະ າຎ 2011 (R) Revised 2008-2011 data Form Annual Report 2011
ຍຈຖາງຄາຌເຘຈຊະກຈ ຎະ າຎ 2012 Annual Economic Report 2012
ະຌາາຌແນໆຄ ຘຎຎ ຖາທ / Bank of the Lao PDR
ຖາງກາຌ 2008(R) 2009(R) 2010(R) 2011(R) 2012(P) Items
ຈຌກາຌຆ າຖະເຄຌຎກກະຉ 90.33 -60.91 29.27 158.14 208.75 Current Account Balance
(ຍ ໆ ຖທຓເຄຌໂບຌຂບຄຑາກຖຈຊະຍາຌ) 13.22 -158.43 -79.35 8.92 39.58 (Excluding Official Transfers)
ຈຌກາຌ າ -311.26 -408.41 -314.06 -214.64 -198.08 Trade Balance
ຓ ຌໆາຘຌ າຘໆ ຄບບກ 1,091.90 1,052.70 1,746.40 2,189.55 2,269.03 Exports (f.o.b.)
ຓ ຌໆາຘຌ າຌ າເຂ າ -1,403.20 -1,461.10 -2,060.40 -2,404.19 -2,467.11 Imports (c.i.f.)
ກາຌຍ ຖກາຌຘຈ 306.36 261.63 247.87 228.02 236.05 Services (net)
ຖາງປຍ 414.27 397.26 510.99 549.66 577.22 Services Receipts
ຖາງໆາງ -107.91 -135.63 -263.12 -321.64 -341.17 Services Payments
ຖາງປຍຘຈ -45.64 -47.03 -83.17 -78.01 -81.20 Factor Income (net)
ຖາງປຍ 32.07 41.73 50.29 48.33 69.15 Income Receipts
ຖາງໆາງ -77.71 -88.76 -133.46 -126.34 -150.35 Income Payments
ເຄຌໂບຌຘຈ 140.87 132.89 178.63 222.77 251.98 Transfers (Net)
ຑາກເບກະຆຌ 63.76 35.36 70.01 73.55 82.81 Private
ຑາກຖຈຊະຍາຌ 77.11 97.53 108.62 149.22 169.17 Official
ຈຌຍຌຆຌ ແຖະ ກາຌເຄຌ 430.38 644.43 401.94 639.65 622.09 Capital and Financial Account
ຍຌຆກາຌເຄຌ 430.38 644.43 401.94 639.65 622.09 Financial Account
ກາຌຖຄຌໂຈງກຄ 227.77 318.60 278.81 466.85 294.38 Foreign Direct Investment
ກາຌຖຄຌໃຌນ ກຆຍ - - 53.80 11.45 5.74 Portfolio Investment
ກາຌຖຄຌບໆ ຌ 202.61 325.83 69.33 161.35 321.97 Other Investment
ທາຓຏຈຑາຈ ແຖະ ກາຌາຈເໆ ບຌ -420.34 -507.84 -328.66 -854.88 -769.93 Errors and Omissions
ຈຌກາຌຆ າຖະເຄຌຖທຓ 100.37 75.68 102.55 -57.08 60.89 Overall Balance
ໝາງເນຈ Memorandum Items:
ຈຌກາຌຆ າຖະເຄຌຎກກະຉຖທຓຄ ເຄຌຆໆທງເນ ບຂບຄຖຈ (% ຂບຄ GDP)
1.71 -1.09 0.43 1.96 2.30 Current Account
(Percent of GDP)
ຈຌກາຌຆ າຖະເຄຌຎກກະຉຍ ໆ ຖທຓຄ ເຄຌຆໆທງເນ ບຂບຄຖຈ (% ຂບຄ GDP)
0.25 -2.83 -1.16 0.11 0.44 Excluding Official Transfers
(Percent of GDP)
ຈຌກາຌ າຽຍກຍ (% ຂບຄ GDP) -5.89 -7.31 -4.59 -2.66 -2.18 Trade Balance (Percent of GDP)
ຄຘ າປບຄຉໆາຄຎະເຈ 636.09 632.37 735.84 678.76 739.65 Official Gross Reserves
ຄຘ າປບຄຉໆາຄຎະເຈຽຍກາຌຌ າເຂ າຉ ໆ ເຈບຌ 5.44 5.19 4.29 3.39 5.22* Official Gross Reserves in Months of Imports
ຖທຓງບຈຏະຖຈຉະຑຌຑາງໃຌ 5,284.71 5,585.10 6,843.90 8,061.09 9,082.64 Gross Domestic Product in
ບຈຉາແຖກຎໆຽຌຘະເຖໆງຂບຄະຌາາຌຖະກຈ ກຍ/ໂຈຖາ
8,744.98 8,515.93 8,258.82 8,029.57 8,007.30 Kip/USD Exchange rate (Average Commercial
Bank)
ຉາຉະຖາຄ 12: ຈຌກາຌຆ າຖະກຍຉໆາຄຎະເຈ Table 12: Balance of Payments
(ຖ າຌໂຈຖາ/ Million U.S.Dollars)
ແນ ໆ ຄຂ ຓ ຌ: ະຌາາຌແນໆຄ ຘຎຎ ຖາທ Source: Bank of the Lao PDR
P: ຂ ຓ ຌເຍ ບຄຉ ຌ P: Prelimiary Data
*ກາຌຌ າເຂ າຘຌ າຍ ໆ ຖທຓຘຌ າຌ າເຂ າຂບຄກາຌຖຄຌຉໆາຄຎະເຈໃຌຎ 2012 ຓ 1.699,06 ຖ າຌໂຈຖາ ນ ຎະຓາຌ 142 ຖ າຌໂຈຖາຉ ໆ ເຈບຌ.
* Commodity import (Excluding foreign direct investment) in 2012 was amounted to USD 1,699.06 million or equivalent to USD 142 million per month
(R) ຂ ຓ ຌໆ ຓກາຌຎຍຎຄໃໝໆ ແຉໆຎ 2008-2011 າກຎ ຓຍຈຖາງຄາຌເຘຈຊະກຈ ຎະ າຎ 2011 (R) Revised 2008-2011 data Form Annual Report 2011
ຍຈຖາງຄາຌເຘຈຊະກຈ ຎະ າຎ 2012 Annual Economic Report 2012
ກາຌຌ າເຂ າຘຌ າຍ ໆ ຖທຓຘຌ າຌ າເຂ າຂບຄກາຌຖຄຌຉໆາຄຎະເຈໃຌຎ 2012 ຓ 1.699,06 ຖາຌໂຈຖາ ນ ຎະຓາຌ
ະຌາາຌແນໆຄ ຘຎຎ ຖາທ / Bank of the Lao PDR
ຖາງກາຌ 2008(R) 2009(R) 2010(R) 2011(R) 2012(P) Items
ຈຌກາຌ າ -311.26 -408.41 -314.06 -214.64 -198.08 Trade Balance
ກາຌຘໆ ຄບບກ 1,091.91 1,052.68 1,746.37 2,189.55 2,269.03 Exports (f.o.b.)
(ບຈຉາກາຌຎໆຽຌແຎຄ) (%) 18.34 -3.59 65.90 25.38 3.63 ( Annual Change) In Percent
ຏະຖຈຉະຑຌໄຓ 65.70 41.74 37.40 81.66 131.11 Wood Products
ກາເຒ 18.49 21.71 26.09 67.78 113.30 Coffee
ເໆ ບຄກະຘກ າ/ເໆ ບຄຎໆາ 52.66 91.41 169.02 152.16 220.83 Agricultural/Forest Products
ຉຈນງຍ 256.03 127.09 171.07 219.91 183.90 Garments
ໄຒຒາ 107.99 100.62 113.18 327.16 502.20 Electricity
ຍ ໆ ແປໆ 561.68 446.58 625.39 1,241.58 946.87 Mining
າ 80.61 90.59 131.37 111.82 150.74 Gold
ບຄແຈຄ 446.03 327.59 468.28 696.28 683.12 Copper
ບໆ ຌ 35.04 28.41 25.74 433.48 113.01 Others
ຘຌ າບໆ ຌ 29.36 223.53 604.22 99.31 170.82 Others Exports
ກາຌຌ າເຂ າ -1,403.17 -1,461.08 -2,060.43 -2,404.19 -2,467.11 Imports (c.i.f.)
(ບຈຉາກາຌຎໆຽຌແຎຄ) (%) 31.80 4.13 41.02 16.68 2.62 (Annual Change) In Percent
ຘຌ າເຑໆ ບກາຌຖຄຌ 567.63 920.2 1,066.30 1,423.70 1,180.01 Investment Goods
ຘຌ າຆຓໃຆ 611.42 373.22 670.42 867.63 1,186.94 Consumption Goods
ທຈຊຈຍຘ າຖຍຉຈນງຍ 175.16 67.04 60.28 14.00 18.77 Materials for Garments
າ ແຖະ ເຄຌ 20.20 59.74 209.76 51.86 8.55 Gold and Silver
ໄຒຒາ 26.90 39.20 50.76 40.91 63.44 Electricity
ບໆ ຌ 1.87 1.69 2.90 6.10 9.40 Others
ຉາຉະຖາຄ 13: ກາຌ າຉໆາຄຎະເຈ Table 13: Foreign Trade
(ຖ າຌໂຈຖາ/ Million U.S.Dollars)
ແນ ໆ ຄຂ ຓ ຌ: ະຌາາຌແນໆຄ ຘຎຎ ຖາທ Source: Bank of the Lao PDR
P: ຂ ຓ ຌເຍ ບຄຉ ຌ P: Prelimiary Data (R) ຂ ຓ ຌໆ ຓກາຌຎຍຎຄໃໝໆ ແຉໆຎ 2008-2011 າກຎ ຓຍຈຖາງຄາຌເຘຈຊະກຈ ຎະ າຎ 2011 (R) Revised 2008-2011 data Form Annual Report 2011
ຍຈຖາງຄາຌເຘຈຊະກຈ ຎະ າຎ 2012 Annual Economic Report 2012
ະຌາາຌແນໆຄ ຘຎຎ ຖາທ / Bank of the Lao PDR
ຉາຉະຖາຄ 14: ໜຘຌຉ ໆ ຉໆາຄຎະເຈຂບຄຖຈ Table 14: External Debts
(ຖ າຌໂຈຖາ/ Million U.S.Dollars)
ຖາງກາຌ 2008(R) 2009(R) 2010(R) 2011(R) 2012(P) Items
1. ງບຈເນ ບໜຘຌຉ ໆ ຉໆາຄຎະເຈຄໝຈ 2,575.17 2,694.41 2,808.71 2,943.98 3,036.75 1. Total Debt Stock
ຘບຄຐໆາງ 825.83 927.76 1,064.10 1,249.45 1,405.27 Bilateral
ນ າງຐໆາງ 1,749.35 1,766.65 1,744.60 1,694.53 1,631.48 Multilateral
2. ກາຌຆ າຖະໜ 72.88 87.28 106.51 150.98 157.27 2. Debt Services
(ກາຌຎໆຽຌແຎຄ ຈໄຖໆເຎຌ %) 42.49 19.75 22.02 41.76 4.16 (in Percentage Change)
ຆ າຖະຉ ຌຌ 51.16 63.10 71.60 100.90 100.14 Amortization
ຘບຄຐໆາງ 7.63 11.47 12.89 33.09 23.99 Bilateral
ນ າງຐໆາງ 43.54 51.62 58.72 67.81 76.15 Multilateral
ຆ າຖະຈບກເຍ ງ 21.72 24.19 34.91 50.08 57.13 Interest Payments
ຘບຄຐໆາງ 4.43 6.84 15.03 26.43 33.16 Bilateral
ນ າງຐໆາງ 17.29 17.35 19.87 23.65 23.97 Multilateral
ໜຘຌຉໆາຄຎະເຈຽຍໃຘໆ GDP (%) 48.73 48.24 41.04 36.52 33.43 Total Debt Stock to GDP (%)
ບຈຉາຘໆທຌທາຓຘາຓາຈໃຌກາຌຆ າຖະໜ (%) 4.48 6.02 4.72 5.51 5.53 Debt Service Ratio (%)
ແນ ໆ ຄຂ ຓ ຌ: ະຌາາຌແນໆຄ ຘຎຎ ຖາທ ແຖະ ກະຆທຄກາຌເຄຌ Source: Bank of the Lao PDR and Ministry of Finance
P: ຂ ຓ ຌເຍ ບຄຉ ຌ P: Prelimiary Data (R) ຂ ຓ ຌໆ ຓກາຌຎຍຎຄໃໝໆ ແຉໆຎ 2008-2011 າກຎ ຓຍຈຖາງຄາຌເຘຈຊະກຈ ຎະ າຎ 2011 (R) Revised 2008-2011 data Form Annual Report 2011
ຍຈຖາງຄາຌເຘຈຊະກຈ ຎະ າຎ 2012 Annual Economic Report 2012
ເຈບຌ/ຎ Month/Year
ກຍ/ໂຈຖາ (Kip/US$) ກຍ/ຍາຈ (Kip/Baht)
ບຈຉາແຖກຎໆຽຌ ກ ບຈຉາແຖກຎໆຽຌ ກ
Commercial Bank Rates Commercial Bank Rates
ຆ (Buy) ຂາງ (Sell) ຆ (Buy) ຂາງ (Sell)
01/2011 8044,97 8080,52 264,32 265,42
02/2011 8035,66 8072,45 262,45 263,64
03/2011 8031,06 8067,92 264,62 265,89
04/2011 8022,90 8058,45 266,65 267,89
05/2011 8013,67 8049,73 265,37 266,52
06/2011 8010,79 8047,48 262,73 263,88
07/2011 8000,68 8036,90 265,44 266,56
08/2011 7988,37 8024,93 267,52 268,74
09/2011 7996,84 8030,04 264,93 265,14
10/2011 7999,22 8031,70 259,92 261,23
11/2011 7997,02 8031,99 259,59 260,65
12/2011 8001,11 8035,22 257,65 258,71
01/2012 7998,87 8033,81 254,29 255,35
02/2012 7980,74 8017,49 260,53 261,71
03/2012 7975,93 8014,00 260,84 262,05
04/2012 7976,64 8013,70 259,02 260,31
05/2012 7995,15 8033,14 256,07 257,25
06/2012 7998,38 8035,92 253,27 254,35
07/2012 8003,70 8040,66 253,34 254,49
08/2012 8000,43 8037,80 254,92 256,08
09/2012 7984,83 8021,10 257,85 258,89
10/2012 7982,79 8019,79 260,18 261,34
11/2012 7989,47 8026,20 260,49 261,63
12/2012 7978,31 8016,38 260,70 261,90
,
ຉາຉະຖາຄ 15: ບຈຉາແຖກຎໆຽຌະຌາາຌຖະກຈໆ ທຖະຍຍ Table 15: Exchange Rates of entire Commercial Banks
ແນ ໆ ຄຂ ຓ ຌ: ະຌາາຌແນໆຄ ຘຎຎ ຖາທ Source: Bank of the Lao PDR
ະຌາາຌແນໆຄ ຘຎຎ ຖາທ / Bank of the Lao PDR
ຍຈຖາງຄາຌເຘຈຊະກຈ ຎະ າຎ 2012 Annual Economic Report 2012
ະຌາາຌແນໆຄ ຘຎຎ ຖາທ / Bank of the Lao PDR
ຉາຉະຖາຄ 16: ເຄຌໂບຌເຂ າຓາຖຄຌໂຈງກຄຂບຄຉໆາຄຎະເຈຏໆາຌຖະຍຍະຌາາຌ Table 16: FDI Funds Transferred Through Banking System
(ຖ າຌໂຈຖາ/ Million U.S.Dollars)
ຎະເຈ 2008 2009 2010 2011(R)
2012(P)
Country
ຌ 42,94 36,14 45,57 278,32 143,40 China
ງໆ ຎໆຌ 9,88 16,96 8,30 12,13 8,04 Japan
ANIES 47,23 5,92 2,42 56,54 6,68 ANIES
ເການຖໃຉ 46,93 5,92 1,67 2,04 5,16 South Korea(ROK)
ປຄກຄ - - 0,75 54,50 1,52 Hong Kong
ໃຉ ນທຌ 0,30 - - - - Taiwan (ROC)
ບາຆຽຌ 47,67 57,33 81,58 75,00 35,34 ASEAN
ຓາເຖເຆງ 0,38 0,45 - 0,30 12,60 Malaysia
ຘຄກະໂຎ 0,29 15,97 0,28 2,04 0,49 Singapore
ໄ 34,29 17,20 36,54 23,70 6,23 Thailand
ນທຽຈຌາຓ 12,50 23,70 17,43 48,97 15,97 Vietnam
ບາຆບໆ ຌ 0,03 3,00 - - - OTHER ASIA
ບາຆ 147,75 119,35 137,87 421,99 193,46 ASIA
ບຘເຉຕເຖເຆງ 6,26 0,01 4,30 2,78 71,74 AUSTRALASIA
ບຘເຉຕເຖງ 6,26 0,01 4,30 2,70 71,74 Australia
ຌທຆແຖຌ - - - 0,08 - New Zealand
ເບຖຍ 17,01 11,93 32,69 8,61 1,63 Europe
ຘະນະຑຌເບຕຍ 9,94 11,00 27,54 3,05 0,74 European Union:
ເບຕຍບໆ ຌ 7,07 0,93 5,16 5,56 0,89 Other Europe
ະທຍບາເຓຖກາເໜບ 0,36 0,07 1,24 0,12 - North America
ະທຍບາເຓຖກາໃຉ 0,89 0,04 1,67 0,33 0,21 CENTRAL& SOUTH AMERICA
ຎະເຈປໆທຓຖຄຌ 55,48 187,23 101,02 33,02 27,39 JOINT VENTURE COUNTRIES
ງໆ ຎໆຌ ແຖະຐຕໆ ຄ 2,48 - - - 0,13 Japan & France
ຌ+ບຘເຉຕເຖງ 1,30 - - - - China+Australia
ຐຕໆ ຄ+ໄ 11,76 14,20 9,22 8,17 France+Thailand
ໄ+ຌ 4,00 5,92 3,78 5,80 7,50 Thailand+China
ໄ+ບຄກຈ - - 5,14 8,14 1,09 Thailand+United
ໄ+ເການຖ 0,08 Thailand+Korea
ຘຄກະໂຎ+ບຄກຈ - - 0,90 4,20 6,00 Singapore+United
ຖຈເຆງ+ບຄກຈ - - - 0,85 0,96 Russia+Unites
ບາເຓຖກາ+ຌ - - - 0,77 0,18 USA+China
ງໆ ຎໆຌ+ໄ 0,07 0,19 - 0,08 0,38 Thailand+Japan
ບຌເຈງ+ໄ+ບຌໂຈ - - - 5,00 India+Thai+Indo
ບຘເຉຕເຖງ+ໄ+ບຄກາຌຘາກຌ - - - - - Australia+Thai+Inten.org
ບໆ ຌ 35,87 166,92 81,97 - 11,08 Other
ຖທຓຄໝຈ 227,76 318,62 278,79 466,85 294,43 Total
ແນ ໆ ຄຂ ຓ ຌ: ະຌາາຌແນໆຄ ຘຎຎ ຖາທ Source: Bank of the Lao PDR
P: ຂ ຓ ຌເຍ ບຄຉ ຌ P: Prelimiary Data (R) ຂ ຓ ຌໆ ຓກາຌຎຍຎຄໃໝໆ ແຉໆຎ 2008-2011 າກຎ ຓຍຈຖາງຄາຌເຘຈຊະກຈ ຎະ າຎ 2011 (R) Revised 2008-2011 data Form Annual Report 2011
ຍຈຖາງຄາຌເຘຈຊະກຈ ຎະ າຎ 2012 Annual Economic Report 2012
ະຌາາຌແນໆຄ ຘຎຎ ຖາທ / Bank of the Lao PDR
ຉາຉະຖາຄ 17: ຖທຓກາຌຖຄຌາກຉໆາຄຎະເຈ ແຍໆຄຉາຓຂະແໜຄກາຌ Table 17: Approved Foreign Direct Investment by Sectors
(ຖ າຌໂຈຖາ/ Million U.S.Dollars)
ຖາງກາຌ 2008(R) 2009 2010 2011 2012(P) Items
າຌທຌໂຄກາຌ 152 208 207 288 697 Number of Projects
ຓ ຌໆາກາຌຖຄຌຄໝຈແງກເຎຌຂະແໜຄກາຌ 1,215.54 4,312.89 1,402.21 2,734.46 4,458.24 Total Foreign Direct Investment by
Sectors
ໄຒຒາ 640.00 218.26 443.32 28.70 1,605.25 Electricity Generation
ກະຘກ າ 78.49 289.83 160.66 337.39 289.64 Agriculture
ຍ ໆ ແປໆ 102.07 2,280.46 200.34 1,664.69 662.48 Mining
ບຈຘານະກ າ-ນຈຊະກ າ 156.89 198.72 278.00 262.09 450.23 Industry & Handicraft
ກາຌ າ 12.89 16.64 35.50 23.68 88.70 Trading
ກ ໆ ຘ າຄ 66.60 27.19 75.00 152.13 660.35 Construction
ຍ ຖກາຌ 23.60 1,055.06 172.49 91.42 76.33 Services
ໂປຄແປຓ ແຖະ ປ າຌບານາຌ 29.43 44.22 6.30 11.11 83.78 Hotels & Restaurants
ໂຖະຓ 32.45 83.77 - - 64.56 Telecoms
ບຈຘານະກ າໄຓ 20.99 13.63 12.63 1.57 - Wood Industry
ະຌາາຌ 43.00 77.00 12.00 105.98 250.78 Banking
ຘຄນາຖຓຓະຆຍ - - - - 67.45 Real estate
ຉຈນງຍ 5.11 1.20 - 6.70 - Garment
ໆ ຎກຘາ 4.04 6.89 5.97 5.29 - Consultancies
ຘາາຖະຌະຘກ - - - 42.52 - Public Health
ກາຌຘກຘາ - - - 1.12 142.06 Education
ກາຌຂຌຘໆ ຄ ແຖະ ຘາຄຘຌ າ - - - - 16.63 Transportation & Stocks
ແນ ໆ ຄຂ ຓ ຌ: ກະຆທຄແຏຌກາຌ ແຖະ ກາຌຖຄຌ (ກຓຖຄຌ) Source: Ministry of Planning and Investment
(Department of Investment)
P: ຂ ຓ ຌເຍ ບຄຉ ຌ P: Prelimiary Data (R) ຂ ຓ ຌໆ ຓກາຌຎຍຎຄໃໝໆ ແຉໆຎ 2008-2011 າກຎ ຓຍຈຖາງຄາຌເຘຈຊະກຈ ຎະ າຎ 2011 (R) Revised 2008-2011 data Form Annual Report 2011
ຍຈຖາງຄາຌເຘຈຊະກຈ ຎະ າຎ 2012 Annual Economic Report 2012
ແນ ໆ ຄຂ ຓ ຌ: ບຄກາຌໆບຄໆຽທແນໆຄຆາຈ Source: Lao National Tourism Administratio
ະຌາາຌແນໆຄ ຘຎຎ ຖາທ / Bank of the Lao PDR
ຉາຉະຖາຄ 18: ຉທເຖກຌກໆບຄໆຽທ ແຖະ ຖາງໄຈ າກກາຌໆບຄໆຽທຂບຄຖາທ Table 18: Tourist Arrivals to Laos PDR and Revenue from Tourism
ຎ າຌທຌຌກໆບຄໆຽທ ຖາງປຍາກກາຌໆບຄໆຽທ Years Number of Tourist Revenue from Tourism
Arrivals (ໂຈຖາ/U.S Dollars)
2000 737,208 113,898,285
2001 673,823 103,786,323
2002 735,662 113,409,883
2003 636,361 87,302,412
2004 894,806 118,947,707
2005 1,095,321 146,770,074
2006 1,215,112 173,249,896
2007 1,623,943 233,304,695
2008 1,736,790 275,515,758
2009 2,008,363 267,700,224
2010(R) 2,513,208 381,669,031
2011(R) 2,723,563 406,184,842
2012(P)
3,212,916 451,054,756
ແນ ໆ ຄຂ ຓ ຌ: ບຄກາຌໆບຄໆຽທແນໆຄຆາຈ Source: Lao National Tourism Administration
P: ຂ ຓ ຌເຍ ບຄຉ ຌ P: Prelimiary Data (R) ຂ ຓ ຌໆ ຓກາຌຎຍຎຄໃໝໆ ແຉໆຎ 2008-2011 າກຎ ຓຍຈຖາງຄາຌເຘຈຊະກຈ ຎະ າຎ 2011 (R) Revised 2008-2011 data Form Annual Report 2011
ຍຈຖາງຄາຌຽຘຈຊະກຈ ຎະ າຎ 2012 Annual Economic Report 2012
Abbreviations: ານງ : BOL: Bank of the Lao PDR ະຌາາຌ ນຄ ຘຎຎ ຖາທ (ນຖ)
OMOs: Open Market Operation(s) ຉະນາຈຽຎຈ
FCD: Foreign Currency Deposits ຽຄຌຐາກຽຎຌຘະກຌຽຄຌຉາຉາຄຎະຽຈ
FX: Foreign Exchange ຖກຎຌຽຄຌຉາຉາຄຎະຽຈ
M2: Money Supply ຎະຖຓາຌຽຄຌ
SOEs: State-Owned Enterprises ຖຈທຘະນະກຈ
MOM: Month on Month ຽຈບຌຍຽຈບຌ
YOY: Year on Year ຎຍຎ
Kip: Lao Currency ຘະກຌຽຄຌກຍ
USD: United States Dollars ຘະກຌຽຄຌຈຖາຘະນະຖຈ
Baht: Thailand Currency ຘະກຌຽຄຌຍາຈແ
GDP: Gross Domestic Product ຖທຓງບຈຏະຖຈຉະຑຌຑາງເຌ
SOCBs: State-Owned Commercial Banks ະຌາາຌຖະກຈຖຈ
BOP: Balance of Payment ຈຌກາຌຆ າຖະກຍຉາຄຎະຽຈ
CPI: Consumer Price Index ຈຈຘະຌຖາາຏ ຆຓເຆ
CAB: Current Account Balance ຈຌຍຌຆຆ າຖະຎກກະຉ
ASEM9: Asia-Europe Meeting 9 ກບຄຎະຆຓບາຆ - ຽບຕຍ ຄ 9
BCEL: Basque Pour le Commerce - Exterior Lao ະຌາາຌກາຌ າຉາຄຎະຽຈຖາທ-ຓະນາຆຌ
EDL-Gen: EDL-Generation Public Company ຍ ຖຘຈ ຏະຖຈແຒຒາຖາທ ຓະນາຆຌ
FOB: Free on Board ຖາາຘຌ າປບຈາຽປບ
CIF: Cost, Insurance and Freight ຖາາຖທຓຉ ຌຌ, າຎະກຌແຑ ຖະ າຖະນທາຄ ຂຌຘ ຄ P: Preliminary Data ຉທຽຖກຽຍ ບຄຉ ຌ
ID: Identification ຽບກະຘາຌດຄດຌ
LSX: Lao Securities Exchange ຉະນາຈນກຆຍຂບຄ ຘຎຎ ຖາທ
ATM: Automatic Teller Machine ຽ ບຄກປຍຐາກ-ຊບຌບຈຉະຌຓຈ
EU: European Union ຘະນະຑາຍຽບຕຍ
NPL: Non-Performing Loan ຽຄຌກ ຍ ຽກຈຈບກບບກຏຌ
FY: Fiscal Year ຎຄຍຎະຓາຌ
MB: Money Base/Monetary base ຊາຌຽຄຌຉາ MFI(s): Microfinance Institution(s) ຘະຊາຍຌກາຌຽຄຌຖະຑາກ
DTMFI: Deposit Taking MFI ຘະຊາຍຌກາຽຄຌຖະຑາກ ປຍຽຄຌຐາກ
NDTMFI: Non-Deposit Taking MFI ຘະຊາຍຌກາຽຄຌຖະຑາກ ຍ ປຍຽຄຌຐາກ
VAT: Value-Added Tax ບາກບຌຓຌາຽຑ ຓ
MDG: Millennium Development Goal ຽຎາໝາງກາຌຑຈະຌາຘະນະຘະນທຈ
CB: Commercial Bank ະຌາາຌຖະກຈ
ະຌາາຌນຄ ຘຎຎ ຖາທ / Bank of the Lao PDR