Aruba: Real interest rate
* indicates monthly or quarterly data series
| Aruba |
Real interest rate: Bank lending rate minus inflation |
|---|---|
| Latest value | -0.85 |
| Year | 2023 |
| Measure | percent |
| Data availability | 1987 - 2023 |
| Average | 6.45 |
| Min - Max | -0.85 - 15.89 |
| Source | The International Monetary Fund |
The latest value from 2023 is -0.85 percent, a decline from 2.85 percent in 2022. In comparison, the world average is 4.42 percent, based on data from 87 countries. Historically, the average for Aruba from 1987 to 2023 is 6.45 percent. The minimum value, -0.85 percent, was reached in 2023 while the maximum of 15.89 percent was recorded in 2001.
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Definition: Real interest rate is the lending interest rate adjusted for inflation as measured by the GDP deflator. The terms and conditions attached to lending rates differ by country, however, limiting their comparability.
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| Related indicators | Latest | Reference | Measure |
|---|---|---|---|
| Lending-deposit interest rate spread | 5.50 | 2020 | interest rate points |
| Bank credit to deposits | 80.55 | 2020 | percent |
| Lending interest rate | 6.10 | 2022 | percent |
| Real interest rate | -0.85 | 2023 | percent |