T&S Asset Management

Laos

Lao consumer price inflation was 7.7% year on year in October 2026, above the central bank's 2026 target (below 7%), after the seven-day base rate was cut to 7%; the private-sector minimum wage rises to LAK 3.4 million a month from January 2027.

Last updated
12 Nov 2026
Latest data as of
31 Oct 2026
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Banking-system NPL ratio (BOL)0.95%30 Sep 2026 · Vientiane Times: BOL takes tougher measures to curb inflation, strengthen kip (2026-10-08)
Foreign exchange reserves
Gross or net not stated. The IMF 2025 Article IV uses a narrower gross-reserves definition (USD 2.3bn at end-Q3 2025), so figures are not comparable.
USD 4.3bnUSD 3.5bn at end-202530 Apr 2026 · World Bank, Lao PDR Economic Monitor (June 2026)
Reserves in months of imports
On the central bank’s own basis: 5.3 months (footnote 6).
3.8 months30 Apr 2026 · World Bank, Lao PDR Economic Monitor (June 2026)
Foreign-currency deposits as a share of broad money
Share of broad money, not of total deposits; not directly comparable with Cambodia’s 90.7%.
66%31 Mar 2026 · World Bank, Lao PDR Economic Monitor (June 2026)
Consumer price inflation, year on year (%)
05101510.22026-0492026-057.42026-067.62026-077.72026-087.82026-097.72026-10
Consumer price inflation, year on year (%)
2026-0410.2
2026-059
2026-067.4
2026-077.6
2026-087.7
2026-097.8
2026-107.7

Year-on-year change in the national consumer price index, Lao Statistics Bureau, monthly · Source: Lao Statistics Bureau monthly CPI, as reported by KPL, the Laotian Times and Xinhua (2026-04, 2026-05, 2026-06, 2026-07, 2026-08, 2026-09, 2026-10)

Key indicators and definitions

Compilers differ; compare like with like.
Compilers differ; compare like with like.
IndicatorValueDefinition and scopeBasis dateSourceDefinition and source
Banking-system NPL ratio (BOL)0.95%Non-performing loans / total loans, Lao banking system, as reported by the BOL GovernorLao banking system30 Sep 2026Vientiane Times: BOL takes tougher measures to curb inflation, strengthen kip (2026-10-08)
Definition and source

Non-performing loans / total loans, Lao banking system, as reported by the BOL Governor

Scope: Lao banking system

Source: Vientiane Times: BOL takes tougher measures to curb inflation, strengthen kip (2026-10-08)

Foreign exchange reservesUSD 4.3bn
Gross or net not stated. The IMF 2025 Article IV uses a narrower gross-reserves definition (USD 2.3bn at end-Q3 2025), so figures are not comparable.
USD 3.5bn at end-2025
Foreign exchange reserves, Bank of the Lao PDR dataBank of the Lao PDR30 Apr 2026World Bank, Lao PDR Economic Monitor (June 2026)
Definition and source

Foreign exchange reserves, Bank of the Lao PDR data

Scope: Bank of the Lao PDR

Source: World Bank, Lao PDR Economic Monitor (June 2026)

Reserves in months of imports3.8 months
On the central bank’s own basis: 5.3 months (footnote 6).
Reserves in months of importsBank of the Lao PDR data30 Apr 2026World Bank, Lao PDR Economic Monitor (June 2026)
Definition and source

Reserves in months of imports

Scope: Bank of the Lao PDR data

Source: World Bank, Lao PDR Economic Monitor (June 2026)

Foreign-currency deposits as a share of broad money66%
Share of broad money, not of total deposits; not directly comparable with Cambodia’s 90.7%.
Foreign-currency deposits / broad money (M2)Bank of the Lao PDR data31 Mar 2026World Bank, Lao PDR Economic Monitor (June 2026)
Definition and source

Foreign-currency deposits / broad money (M2)

Scope: Bank of the Lao PDR data

Source: World Bank, Lao PDR Economic Monitor (June 2026)

CPI inflation, y/y7.7%down from 7.8% in SeptemberYear-on-year change in the consumer price index, Lao Statistics BureauNationwide31 Oct 2026Xinhua: Laos' inflation rate stands at 7.7 pct in October (2026-10-28)
Definition and source

Year-on-year change in the consumer price index, Lao Statistics Bureau

Scope: Nationwide

Source: Xinhua: Laos' inflation rate stands at 7.7 pct in October (2026-10-28)

Bank of the Lao PDR seven-day base rate7%cut from 8% on 20 August 2026Seven-day base (policy) interest rate of the Bank of the Lao PDR (BOL)Monetary policy20 Aug 2026Laotian Times: Laos Cuts 7-Day Base Interest Rate to 7% (2026-08-21)
Definition and source

Seven-day base (policy) interest rate of the Bank of the Lao PDR (BOL)

Scope: Monetary policy

Source: Laotian Times: Laos Cuts 7-Day Base Interest Rate to 7% (2026-08-21)

CPI inflation, y/y7.8%
Released by the Lao Statistics Bureau on 29 September 2026. Xinhua’s report gives 7.8% in its headline and 7.9% in its body text; the Laotian Times gives 7.8%.
up from 7.7% in August
Year-on-year change in the consumer price indexNationwide30 Sep 2026Laotian Times: Laos inflation rises to 7.8 percent in September as education, utility costs climb (2026-09-29)
Definition and source

Year-on-year change in the consumer price index

Scope: Nationwide

Source: Laotian Times: Laos inflation rises to 7.8 percent in September as education, utility costs climb (2026-09-29)

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