
El Salvador: Business credit interest rate
* indicates monthly or quarterly data series
The most recent value is 8.79 percent as of December 2024, a decline compared to the previous value of 9.39 percent. Historically, the average for El Salvador from June 2009 to December 2024 is 7.26 percent. The minimum of 5.7 percent was recorded in April 2012, while the maximum of 10.72 percent was reached in August 2024.
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* indicates monthly or quarterly data series
- Measure: percent
- Source: Central Reserve Bank of El Salvador
Recent values | El Salvador: Business credit interest rate, percent |
---|---|
2024  Dec | 8.79 |
2024  Nov | 9.39 |
2024  Oct | 9.29 |
2024  Sep | 9.57 |
2024  Aug | 10.72 |
2024  Jul | 9.35 |
2024  Jun | 9.19 |
2024  May | 9.16 |
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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 | 4.0 | 2023 | percent |
Exchange rate regimes | 1 | 2022 | index points |
USD exchange rate | 1.0000 | 1/2025 | Local Currency Units per USD |
Money supply (broad money) | 19.44 | 12/2024 | billion |
Consumer Price Index (CPI) | 130.1600 | 1/2025 | index points |
Inflation, monthly | 0.35 | 1/2025 | percent |
Inflation, annual | 0.31 | 1/2025 | percent |
Private sector credit | 18.20 | 12/2024 | billion |
Business credit | 8.55 | 12/2024 | billion |
Household credit | 9.66 | 12/2024 | billion |
Mortgage credit | 3.03 | 12/2024 | billion |
Consumer credit | 6.63 | 12/2024 | billion |
Deposit interest rate | 5.96 | 12/2024 | percent |
Business credit interest rate | 8.79 | 12/2024 | percent |
Mortgage credit interest rate | 7.78 | 12/2024 | percent |