Guinea: Lending interest rate

The latest value from 2001 is 12.88 percent, a decline from 19.38 percent in 2000. In comparison, the world average is 18.03 percent, based on data from 114 countries. Historically, the average for Guinea from 1986 to 2001 is 19.7 percent. The minimum value, 12.88 percent, was reached in 2001 while the maximum of 27 percent was recorded in 1992. See the global rankings for that indicator or use the country comparator to compare trends over time.

The lending interest rate in Guinea 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.