BEST BANKS 2014: ASIA-PACIFIC

BEST BANKS 2014: ASIA-PACIFIC

Developing Asia will grow by 6.2% this year and 6.5% next, according to Asian Development Bank estimates, up slightly from 6.1% in 2013. Despite the uptick in overall growth, banks around the region continue to face challenging landscapes.

 
 
Source
Central bank

N/A

International Reserves

US$ 1.274 billion (Source: World Bank; Data updated: 2013)

Gross Domestic Product - GDP

US$ 11 billion (2014 estimate)

GDP (Purchasing Power Parity)

23 billion of International dollars (2014 estimate)

Real GDP growth
2003 2004 2005 2006 2007 2008 2009 2010
6.2% 7% 6.8% 8.6% 7.8% 7.8% 7.5% 8.1%
2011 2012 2013 2014*        
8.0% 7.9% 8.2% 7.5%        

*Estimate

GDP per capita - current prices

US$ 1,567 (2014 estimate)

GDP per capita - PPP

$3,285 International Dollars (2014 estimate)

GDP (PPP) - share of world total
1980 1990 2000 2010 2014*
0.01% 0.01% 0.02% 0.02% 0.03%

*Estimate

 
 
Source
GDP - composition by sector
  • agriculture: 24.8% 
  • industry: 32% 
  • services: 37.5% (2013 estimate)
Gross domestic expenditure on R&D; (% of GDP)

N/A

 

Inflation
2011 20012 2013 2014*
7.6% 4.3% 6.4% 7.5%

*Estimate

Unemployment rate
2011 2012 2013 2014*
N/A N/A N/A N/A

*Estimate

Household saving rates

N/A

 

Public debt (General government gross debt as a % of GDP)
2010 2011 2012 2013 2014*
62.1% 55.9% 61.5% 62.0% 63.6%

*Estimate

Public deficit (General government net lending/borrowing as a % of GDP)
2010 2011 2012 2013 2014*
-4.7% -3.0% -1.4% -4.7% -3.9%

*Estimate

Government bond ratings

Standard & Poor's: N/A

Moody's rating: N/A

Moody's outlook: N/A

(Foreign Currency Government Bond Ratings; Data last updated Sept 2014)

Market value of publicly traded shares
2009 2011 2012*
N/A N/A $1.012 billion

*2012 Estimate 

Largest companies in Laos

N/A

 
 
Source
Current account balance

US$ -2.956 billion (2014 estimate)

Current account balance by percentage of GDP

-27.332% of GDP (2014 estimate)

Exports as percent of GDP(Exports of goods and services)

36.2% (2012)

(Data released on Oct 2014)

Shares in world total merchandising export

0.01% (2012)

(Data were released in March 2014)

Shares in world total commercial services export

0.01% (2012)

(Data were released in 2014)

Total exports

US$2.313 billion (2013 estimate) 

Export commodities

wood products, coffee, electricity, tin, copper, gold, cassava

Total imports

US$3.238 billion (2013 estimate) 

 
 
Source
Import commodities

machinery and equipment, vehicles, fuel, consumer goods

Exports - major partners

Thailand 34%, China 21.5%, Vietnam 12.2% (2012)

Imports - major partners

Thailand 62.1%, China 16.2%, Vietnam 7.3% (2012)

FDI inflows
2011 2012 2013
US$301 million US$ 294 million US$ 296 million
FDI outflows
2011 2012 2013  
US$ 0 million US$ -21 million US$ -7 million  
Value of cross-border M&A;, by country of purchaser
2010 2011 2012 2013
N/A N/A N/A N/A
Cross-border M&A; deals worth over $3 billion completed in 2012 (Acquiring company, Acquired company, Country of the acquired company, Value of the deal)

N/A

(for a monthly update on M&A; click here )

Cross-border M&A; deals worth over $3 billion completed in 2013 (Acquiring company, Acquired company, Country of the acquired company, Value of the deal)

N/A

(for a monthly update on M&A; click here )

Best countries for doing business World Bank/IFC Doing Business Project

Economies are ranked on their ease of doing business, from 1 - 189. A high ranking means the regulatory environment is more conducive to the starting and operation of a local firm.

Overall ranking: 159 out of 189 countries (2013)

Subcategories:

Starting a business: 85 out of 189 countries

Enforcing Contracts: 104 out of 189 countries

Registering Property: 76 out of 189 countries

Getting credit: 159 out of 189 countries

Protecting investors: 187 out of 189 countries

Trading across border: 161 out of 189 countries

Paying Taxes: 119 out of 189 countries

Dealing with Construction Permits: 96 out of 189 countries

Getting Electricity: 140 out of 189 countries

Resolving Insolvency: 189 out of 189 countries

(2013)

Global competitiveness ranking(ranking by country on a basis of 144, the first is the best)

93

(2014-2015)

 

 

Index of Economic FreedomWSJ and Heritage Foundation

Ranking: 144 Score: 51.2 (Mostly Unfree) (2014)

(100=totally free 0=totally repressed )

 
 
Source
Time zone

UTC+7

Total area

236,800 sq km

Capital

Vientiane (Viangchan)

Currency

kips (LAK)

Government type

Communist state

Languages

Lao (official), French, English, and various ethnic languages

Religions

Buddhist 67%, Christian 1.5%, other and unspecified 31.5% (2005 census)

Total population
1990 2000 2010 2014* 2019**
4.245 million 5.388 million 6.396 million 6.901 million 7.582 million

*Estimate    **Forecast

 
 
Source
Urban population as % of total population
1960 1980 2000 2013
7.9% 12% 22% 36%
Population median age

22 years (2014 est.)

Population growth rate

1.59% (2014 est.)

Life expectancy

63.51 years (2014 estimate)

Adult literacy

72.7% (2005 estimate)

% of population living on less than $2 a day

62.0% (2012)

Inequality of wealth distribution (Gini index)

36.2 (2012)
(0=perfect equality, 100=absolute inequality)

Freedom House rating

Political Rights: 7
Civil Liberties: 6 (2014)

(1 represents the most free, 7 the least free)

Total telephone subscribers as % of population

Fixed 10.0%   Mobile 66.2% (2013)
(fixed-telephone subscribers and mobile-cellular subscribers) 

Internet users as % of total population

12.50% (2013)

Cost of living - Mercer index(ranking by city on a basis of 214; the 1st is the most expensive and the 214th is the least expensive)

N/A

CO2 emissions(Metric tons of CO2 per capita)

0.3 (2010)

World's Best Developed & Emerging Markets Banks

World's Best Banks By Region