Namibia: Business credit interest rate

* indicates monthly or quarterly data series
 Namibia

Business credit interest rate, percent

 Latest value 11.5
 Reference February 2024
 Measure percent
 Data availability January 2019 - February 2024
 Average 9.29
 Min - Max 7.5 - 11.5
 Source Bank of Namibia
For that indicator, we provide data for Namibia from January 2019 to February 2024. The average value for Namibia during that period was 9.29 percent with a minimum of 7.5 percent in July 2020 and a maximum of 11.5 percent in June 2023. Click on the following link to see the values of Business credit interest rate, percent around the world.
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* indicates monthly or quarterly data series


Recent values chart
Namibia - Business credit interest rate - recent values

Historical chart
Namibia - Business credit interest rate - historical chart - 2019-2024
Measure: percent
Source: Bank of Namibia


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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 value Reference Measure
 Inflation 6.1 2022 percent
 Exchange rate regimes 3 2021 index points
 USD exchange rate 17.7707 9/2023 Local Currency Units per USD
 Money supply (broad money) 138.46 9/2023 billion
 Consumer Price Index (CPI) 165.3127 9/2023 index points
 Inflation, monthly 0.79 9/2023 percent
 Inflation, annual 5.37 9/2023 percent
 Private sector credit 106.33 9/2023 billion
 Business credit 40.36 9/2023 billion
 Household credit 65.97 9/2023 billion
 Mortgage credit 45.23 9/2023 billion
 Consumer credit 20.74 9/2023 billion
 Deposit interest rate 5.64 9/2023 percent
 Business credit interest rate 11.50 9/2023 percent
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