Aruba: Business credit interest rate
* indicates monthly or quarterly data series
The most recent value is 6.5 percent as of Q2 2024, an increase compared to the previous value of 6.4 percent. Historically, the average for Aruba from Q1 2013 to Q2 2024 is 6.6 percent. The minimum of 5.6 percent was recorded in Q2 2017, while the maximum of 7.8 percent was reached in Q2 2015.
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* indicates monthly or quarterly data series
- Measure: percent
- Source: Central Bank of Aruba
| Recent values | Aruba: Business credit interest rate, percent |
|---|---|
| 2024 Q2 | 6.5 |
| 2024 Q1 | 6.4 |
| 2023 Q4 | 5.95 |
| 2023 Q3 | 6 |
| 2023 Q2 | 6.2 |
| 2023 Q1 | 6 |
| 2022 Q4 | 5.95 |
| 2022 Q3 | 6.1 |
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Definition: The business credit interest rate is the average interest rate on the loan products offered by commercial banks to non-financial corporations. The business credit is a credit specifically intended for business purposes including secured and unsecured business loans to small or large business with variable or fixed interest rate.
| Related indicators | Latest | Reference | Measure |
|---|---|---|---|
| Inflation | 4.3 | 2019 | percent |
| Exchange rate regimes | 3 | 2022 | index points |
| USD exchange rate | 1.7997 | 11/2024 | Local Currency Units per USD |
| Money supply (broad money) | 6.00 | 9/2024 | billion |
| Consumer Price Index (CPI) | 109.5790 | 9/2024 | index points |
| Inflation, monthly | -0.39 | 9/2024 | percent |
| Inflation, annual | 1.46 | 9/2024 | percent |
| Private sector credit | 4.07 | 9/2024 | billion |
| Business credit | 1.94 | 9/2024 | billion |
| Household credit | 2.13 | 9/2024 | billion |
| Mortgage credit | 1.67 | 9/2024 | billion |
| Consumer credit | 0.46 | 9/2024 | billion |
| Deposit interest rate | 2.40 | Q2/2024 | percent |
| Business credit interest rate | 6.50 | Q2/2024 | percent |
| Mortgage credit interest rate | 5.20 | Q2/2024 | percent |