Vanuatu: Lending interest rate

The latest value from 2023 is 8.94 percent, an increase from 8.81 percent in 2022. In comparison, the world average is 14.19 percent, based on data from 83 countries. Historically, the average for Vanuatu from 2013 to 2023 is 9.85 percent. The minimum value, 8.81 percent, was reached in 2022 while the maximum of 10.55 percent was recorded in 2013. See the global rankings for that indicator or use the country comparator to compare trends over time.

The lending interest rate in Vanuatu 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.