Lending interest rate - Country rankings

* indicates monthly or quarterly data series

Interest rates on bank credit to the private sector, 2023:

The average for 2023 based on 83 countries was 14.19 percent. The highest value was in Zimbabwe: 170.29 percent and the lowest value was in Switzerland: 2.86 percent. The indicator is available from 1960 to 2023. 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, 2023 Global rank Available data
Zimbabwe 170.29 1 2012 - 2023
Argentina 97.02 2 2010 - 2023
Madagascar 53.58 3 1989 - 2023
Brazil 43.6 4 1997 - 2023
Malawi 33.55 5 1979 - 2023
Mozambique 23.7 6 1997 - 2023
Uzbekistan 22.15 7 2013 - 2023
Ukraine 22.11 8 1992 - 2023
Colombia 21.03 9 1986 - 2023
Sierra Leone 19.64 10 1965 - 2023
Kyrgyzstan 19.11 11 1996 - 2023
Egypt 17.76 12 1976 - 2023
Angola 16.92 13 1995 - 2023
Rwanda 16.06 14 1996 - 2023
Hungary 15.3 15 1988 - 2023
Domin. Rep. 14.43 16 1991 - 2023
Honduras 14.4 17 1982 - 2023
Suriname 14.17 18 1990 - 2023
Nigeria 14.01 19 1970 - 2023
Bhutan 14 20 1982 - 2023
Azerbaijan 13.96 21 1998 - 2023
Kenya 13.59 22 1971 - 2023
Georgia 13.51 23 2003 - 2023
Armenia 12.39 24 1995 - 2023
Moldova 12.33 25 1995 - 2023
Guatemala 11.96 26 1997 - 2023
Uruguay 11.9 27 1976 - 2023
Maldives 11.68 28 1995 - 2023
Jamaica 11.65 29 1976 - 2023
Russia 11.62 30 1997 - 2023
Mexico 11.59 31 1993 - 2023
Iceland 11.53 32 1982 - 2023
South Africa 11.5 33 1960 - 2023
Burundi 11.23 34 1978 - 2023
Lesotho 11.08 35 1980 - 2023
Namibia 10.93 36 1991 - 2023
Swaziland 10.83 37 1975 - 2023
Belarus 9.96 38 1992 - 2023
Seychelles 9.53 39 1989 - 2023
Mauritius 9.5 40 1980 - 2023
Nicaragua 9.48 41 1988 - 2023
Romania 9.32 42 1993 - 2023
Vietnam 9.32 43 1993 - 2023
Costa Rica 9.1 44 1982 - 2023
Vanuatu 8.94 45 2013 - 2023
Indonesia 8.93 46 1986 - 2023
Bolivia 8.64 47 1987 - 2023
Belize 8.44 48 1982 - 2023
Guyana 8.38 49 1981 - 2023
Papua N.G. 8.34 50 1983 - 2023
Samoa 8.32 51 2001 - 2023
Algeria 8 52 1995 - 2023
Tonga 7.74 53 2012 - 2023
Bangladesh 7.57 54 1976 - 2023
Cape Verde 7.53 55 2006 - 2023
Tr.&Tobago 7.52 56 1979 - 2023
St. Vincent & ... 7.16 57 1980 - 2023
Grenada 6.93 58 1982 - 2023
Botswana 6.74 59 1980 - 2023
Ant.& Barb. 6.7 60 1982 - 2023
Qatar 6.45 61 1979 - 2023
Saint Lucia 6.4 62 1981 - 2023
Albania 6.35 63 1986 - 2023
Montenegro 6.34 64 2005 - 2023
Macao 6.01 65 1986 - 2023
Dominica 5.94 66 1982 - 2023
Hong Kong 5.77 67 1990 - 2023
San Marino 5.63 68 2001 - 2023
Brunei 5.5 69 1998 - 2023
North Macedonia 5.44 70 2005 - 2023
Malaysia 5.32 71 1969 - 2023
Norway 5.31 72 2013 - 2023
South Korea 5.19 73 1996 - 2023
Fiji 4.97 74 1992 - 2023
Kuwait 4.93 75 1979 - 2023
Italy 4.89 76 1989 - 2023
Czechia 4.68 77 1993 - 2023
Bulgaria 4.43 78 1992 - 2023
China 4.35 79 1980 - 2023
Thailand 4.29 80 1976 - 2023
Bahamas 4.25 81 1976 - 2023
Bosnia & Herz. 4.11 82 2002 - 2023
Switzerland 2.86 83 2008 - 2023



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.

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All articles

1. Zimbabwe
2. Argentina
3. Madagascar
4. Brazil
5. Malawi
6. Mozambique
7. Uzbekistan
8. Ukraine
9. Colombia
10. Sierra Leone
11. Kyrgyzstan
12. Egypt
13. Angola
14. Rwanda
15. Hungary
16. Domin. Rep.
17. Honduras
18. Suriname
19. Nigeria
20. Bhutan
21. Azerbaijan
22. Kenya
23. Georgia
24. Armenia
25. Moldova
26. Guatemala
27. Uruguay
28. Maldives
29. Jamaica
30. Russia
31. Mexico
32. Iceland
33. South Africa
34. Burundi
35. Lesotho
36. Namibia
37. Swaziland
38. Belarus
39. Seychelles
40. Mauritius
41. Nicaragua
42. Romania
43. Vietnam
44. Costa Rica
45. Vanuatu
46. Indonesia
47. Bolivia
48. Belize
49. Guyana
50. Papua N.G.
51. Samoa
52. Algeria
53. Tonga
54. Bangladesh
55. Cape Verde
56. Tr.&Tobago
57. St. Vincent & ...
58. Grenada
59. Botswana
60. Ant.& Barb.
61. Qatar
62. Saint Lucia
63. Albania
64. Montenegro
65. Macao
66. Dominica
67. Hong Kong
68. San Marino
69. Brunei
70. North Macedonia
71. Malaysia
72. Norway
73. South Korea
74. Fiji
75. Kuwait
76. Italy
77. Czechia
78. Bulgaria
79. China
80. Thailand
81. Bahamas
82. Bosnia & Herz.
83. Switzerland
170.29
97.02
53.58
43.60
33.55
23.70
22.15
22.11
21.03
19.64
19.11
17.76
16.92
16.06
15.30
14.43
14.40
14.17
14.01
14.00
13.96
13.59
13.51
12.39
12.33
11.96
11.90
11.68
11.65
11.62
11.59
11.53
11.50
11.23
11.08
10.93
10.83
9.96
9.53
9.50
9.48
9.32
9.32
9.10
8.94
8.93
8.64
8.44
8.38
8.34
8.32
8.00
7.74
7.57
7.53
7.52
7.16
6.93
6.74
6.70
6.45
6.40
6.35
6.34
6.01
5.94
5.77
5.63
5.50
5.44
5.32
5.31
5.19
4.97
4.93
4.89
4.68
4.43
4.35
4.29
4.25
4.11
2.86
0
42.6
85.1
127.7
170.29


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