Vanuatu: Business credit interest rate
* indicates monthly or quarterly data series
The most recent value is 14.78 percent as of Q4 2023, a decline compared to the previous value of 14.95 percent. Historically, the average for Vanuatu from Q1 2003 to Q4 2023 is 14.66 percent. The minimum of 11.25 percent was recorded in Q4 2003, while the maximum of 17.33 percent was reached in Q3 2014.
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* indicates monthly or quarterly data series
- Measure: percent
- Source: Reserve Bank of Vanuatu
| Recent values | Vanuatu: Business credit interest rate, percent |
|---|---|
| 2023 Q4 | 14.78 |
| 2023 Q3 | 14.95 |
| 2023 Q2 | 15.95 |
| 2023 Q1 | 14.88 |
| 2022 Q4 | 14 |
| 2022 Q3 | 14 |
| 2022 Q2 | 14 |
| 2022 Q1 | 15.48 |
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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 | Reference | Measure |
|---|---|---|---|
| Inflation | 6.7 | 2022 | percent |
| Exchange rate regimes | 6 | 2021 | index points |
| USD exchange rate | 107.3152 | 9/2017 | Local Currency Units per USD |
| Money supply (broad money) | 114.12 | 9/2023 | billion |
| Consumer Price Index (CPI) | 209.0000 | Q3/2023 | index points |
| Inflation, monthly | 3.01 | Q3/2023 | percent |
| Inflation, annual | 12.06 | Q3/2023 | percent |
| Private sector credit | 64.84 | 9/2023 | billion |
| Business credit | 26.70 | 9/2023 | billion |
| Household credit | 38.15 | 9/2023 | billion |
| Deposit interest rate | 1.65 | Q3/2023 | percent |
| Business credit interest rate | 14.95 | Q3/2023 | percent |
| Mortgage credit interest rate | 16.25 | Q3/2023 | percent |