Lending interest rate in Sub Sahara Africa
* indicates monthly or quarterly data series
Interest rates on bank credit to the private sector in Sub Sahara Africa:
The average for 2020 based on 20 countries was 17.09 percent.The highest value was in Madagascar: 48.87 percent and the lowest value was in Mauritius: 7.22 percent. The indicator is available from 1960 to 2020. 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
48.87
33.01
28.00
25.96
24.22
19.11
17.94
17.08
16.68
16.34
13.64
12.00
11.61
9.48
8.98
8.09
7.96
7.87
7.71
7.22
0
12.2
24.4
36.7
48.87
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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