Laos: Lending interest rate

The latest value from 2010 is 22.61 percent, a decline from 24.77 percent in 2009. In comparison, the world average is 12.22 percent, based on data from 134 countries. Historically, the average for Laos from 1991 to 2010 is 27.33 percent. The minimum value, 22.61 percent, was reached in 2010 while the maximum of 32 percent was recorded in 1999. See the global rankings for that indicator or use the country comparator to compare trends over time.

The lending interest rate in Laos shown below is the interest rate on credits from banks to prime borrowers, i.e. to the lowest risk borrowers in the private sector. That includes firms and households.

Definition: Lending rate is the bank rate that usually meets the short- and medium-term financing needs of the private sector. This rate is normally differentiated according to creditworthiness of borrowers and objectives of financing. The terms and conditions attached to these rates differ by country, however, limiting their comparability.