* indicates monthly or quarterly data series

Interest rates on bank credit to the private sector, 2020 - Country rankings:

The average for 2020 based on 109 countries was 10.4 percent.The highest value was in Madagascar: 48.87 percent and the lowest value was in San Marino: 1.72 percent. The indicator is available from 1960 to 2021. Below is a chart for all countries where data are available.

Measure: percent; Source: The World Bank
Select indicator
* indicates monthly or quarterly data series


Countries Lending interest rate, 2020 Global rank Available data
Madagascar 48.87 1 1989 - 2021
Zimbabwe 33.01 2 2012 - 2021
Argentina 29.39 3 2010 - 2021
Brazil 29.04 4 1997 - 2021
Gambia 28 5 1985 - 2021
DR Congo 25.96 6 2006 - 2021
Malawi 24.22 7 1979 - 2021
Uzbekistan 22.34 8 2013 - 2021
Angola 19.66 9 1995 - 2021
S.T.&Principe 19.11 10 2001 - 2020
Sierra Leone 17.94 11 1965 - 2021
Azerbaijan 17.18 12 1998 - 2021
Mozambique 17.08 13 1997 - 2021
Kyrgyzstan 17.04 14 1996 - 2021
Honduras 17.01 15 1982 - 2021
Mongolia 16.93 16 1998 - 2021
Tanzania 16.68 17 1992 - 2020
Rwanda 16.34 18 1996 - 2021
Burma 14.83 19 1994 - 2020
Suriname 14.8 20 1990 - 2021
Haiti 14.63 21 1994 - 2021
Micronesia 14.47 22 1995 - 2021
Ukraine 14.29 23 1992 - 2021
Bhutan 14 24 1982 - 2021
Nigeria 13.64 25 1970 - 2021
Paraguay 13.54 26 1994 - 2021
Peru 12.94 27 1985 - 2021
Guatemala 12.53 28 1997 - 2021
Burundi 12.19 29 1978 - 2021
Jamaica 12.06 30 1976 - 2021
Kenya 12 31 1971 - 2021
Georgia 11.8 32 2003 - 2021
Armenia 11.62 33 1995 - 2021
Seychelles 11.61 34 1989 - 2021
Maldives 11.6 35 1995 - 2021
Egypt 11.37 36 1976 - 2021
Uruguay 11.23 37 1976 - 2021
Nicaragua 11.18 38 1988 - 2021
Domin. Rep. 10.98 39 1991 - 2021
Pakistan 10.76 40 2004 - 2021
Solomon Isl. 10.68 41 1981 - 2021
Colombia 9.85 42 1986 - 2021
Vanuatu 9.76 43 2013 - 2021
Indonesia 9.54 44 1986 - 2021
Zambia 9.48 45 1978 - 2020
Guyana 9.47 46 1981 - 2021
India 9.15 47 1978 - 2021
Belarus 9.03 48 1992 - 2021
Lesotho 8.98 49 1980 - 2021
Belize 8.73 50 1982 - 2021
Samoa 8.7 51 2001 - 2021
Bangladesh 8.3 52 1976 - 2021
Cape Verde 8.19 53 2006 - 2021
Moldova 8.18 54 1995 - 2021
Comoros 8.09 55 1999 - 2021
Barbados 8.05 56 1981 - 2021
Algeria 8 57 1995 - 2021
St. Vincent & ... 7.99 58 1980 - 2021
Swaziland 7.96 59 1975 - 2021
Namibia 7.87 60 1991 - 2021
Tonga 7.83 61 2012 - 2021
Papua N.G. 7.81 62 1983 - 2021
South Africa 7.71 63 1960 - 2021
Ant.& Barb. 7.68 64 1982 - 2021
Vietnam 7.65 65 1993 - 2021
Bolivia 7.59 66 1987 - 2021
Jordan 7.48 67 1997 - 2021
Mauritius 7.22 68 1980 - 2021
Saint Lucia 7.13 69 1981 - 2021
Panama 7.01 70 1996 - 2021
Dominica 6.9 71 1982 - 2021
Grenada 6.83 72 1982 - 2021
Aruba 6.8 73 1986 - 2020
Russia 6.78 74 1997 - 2021
Costa Rica 6.64 75 1982 - 2021
Tr.&Tobago 6.55 76 1979 - 2021
Benin 6.54 77 2005 - 2021
Burkina Faso 6.54 78 2005 - 2021
Romania 6.49 79 1993 - 2021
Mexico 6.34 80 1993 - 2021
Fiji 6.18 81 1992 - 2021
Albania 6.12 82 1986 - 2021
Montenegro 5.91 83 2005 - 2021
Iceland 5.76 84 1982 - 2021
Botswana 5.75 85 1980 - 2021
Palestine 5.52 86 2004 - 2021
Brunei 5.5 87 1998 - 2021
Oman 5.47 88 1984 - 2021
Macao 5.26 89 1986 - 2021
Singapore 5.25 90 1978 - 2021
North Macedonia 5.19 91 2005 - 2021
Hong Kong 5 92 1990 - 2021
China 4.35 93 1980 - 2021
Bulgaria 4.34 94 1992 - 2021
Bahamas 4.25 95 1976 - 2021
Kuwait 4.14 96 1979 - 2021
Qatar 4.09 97 1979 - 2021
Malaysia 3.94 98 1969 - 2021
USA 3.54 99 1960 - 2021
Czechia 3.34 100 1993 - 2021
Israel 3.31 101 2013 - 2021
Thailand 3.29 102 1976 - 2021
Bosnia & Herz. 3.07 103 2002 - 2021
South Korea 2.8 104 1996 - 2021
Norway 2.7 105 2013 - 2021
Switzerland 2.63 106 2008 - 2021
Italy 2.33 107 1989 - 2021
Hungary 1.96 108 1988 - 2021
San Marino 1.72 109 2001 - 2021

Economic outlook around the world

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.
48.87
33.01
29.39
29.04
28.00
25.96
24.22
22.34
19.66
19.11
17.94
17.18
17.08
17.04
17.01
16.93
16.68
16.34
14.83
14.80
14.63
14.47
14.29
14.00
13.64
13.54
12.94
12.53
12.19
12.06
12.00
11.80
11.62
11.61
11.60
11.37
11.23
11.18
10.98
10.76
10.68
9.85
9.76
9.54
9.48
9.47
9.15
9.03
8.98
8.73
8.70
8.30
8.19
8.18
8.09
8.05
8.00
7.99
7.96
7.87
7.83
7.81
7.71
7.68
7.65
7.59
7.48
7.22
7.13
7.01
6.90
6.83
6.80
6.78
6.64
6.55
6.54
6.54
6.49
6.34
6.18
6.12
5.91
5.76
5.75
5.52
5.50
5.47
5.26
5.25
5.19
5.00
4.35
4.34
4.25
4.14
4.09
3.94
3.54
3.34
3.31
3.29
3.07
2.80
2.70
2.63
2.33
1.96
1.72
0
12.2
24.4
36.7
48.87
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