Aruba: Interest rates on bank credit to the private sector
For that indicator, The World Bank provides data for Aruba from 1986 to 2018. The average value for Aruba during that period was 9.96 percent with a minimum of 6 percent in 2018 and a maximum of 13.14 percent in 1999.
The latest value from 2018 is 6 percent. For comparison, the world average in 2018 based on 103
countries is 11.41 percent.
See the global rankings for that indicator or
use the country comparator to compare trends over time.
The lending interest rate in Aruba 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.