Guinea-Bissau: Lending interest rate
* indicates monthly or quarterly data series
| Guinea-Bissau |
Interest rates on bank credit to the private sector |
|---|---|
| Latest value | 5.14 |
| Year | 2017 |
| Measure | percent |
| Data availability | 2005 - 2017 |
| Average | 5.50 |
| Min - Max | 4.74 - 10.37 |
| Source | The World Bank |
The latest value from 2017 is 5.14 percent, a decline from 5.3 percent in 2016. In comparison, the world average is 11.18 percent, based on data from 129 countries. Historically, the average for Guinea-Bissau from 2005 to 2017 is 5.5 percent. The minimum value, 4.74 percent, was reached in 2006 while the maximum of 10.37 percent was recorded in 2005.
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* indicates monthly or quarterly data series
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The lending interest rate in Guinea-Bissau 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.
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| Related indicators | Latest | Reference | Measure |
|---|---|---|---|
| Lending-deposit interest rate spread | 2.76 | 2005 | interest rate points |
| Bank credit to deposits | 78.35 | 2021 | percent |
| Lending interest rate | 5.14 | 2017 | percent |
| Real interest rate | -4.76 | 2017 | percent |
| Legal rights | 6.00 | 2019 | points |
| Credit information sharing | 0.00 | 2019 | points |