Somalia: Real interest rate
* indicates monthly or quarterly data series
Somalia |
Real interest rate: Bank lending rate minus inflation |
---|---|
Latest value | -18.46 |
Year | 1988 |
Measure | percent |
Data availability | 1975 - 1988 |
Average | -13.77 |
Min - Max | -43.30 - -3.05 |
Source | The International Monetary Fund |
The latest value from 1988 is -18.46 percent, a decline from -5.94 percent in 1987. In comparison, the world average is 11.27 percent, based on data from 64 countries. Historically, the average for Somalia from 1975 to 1988 is -13.77 percent. The minimum value, -43.3 percent, was reached in 1980 while the maximum of -3.05 percent was recorded in 1977.
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Definition: Real interest rate is the lending interest rate adjusted for inflation as measured by the GDP deflator. The terms and conditions attached to lending rates differ by country, however, limiting their comparability.
Selected articles from our guide:
What factors determine the exchange rates
International lending and sovereign debt
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Related indicators | Latest | Reference | Measure |
---|---|---|---|
Lending interest rate | 33.67 | 1988 | percent |
Real interest rate | -18.46 | 1988 | percent |
Legal rights | 0.00 | 2019 | points |
Credit information sharing | 0.00 | 2019 | points |