* indicates monthly or quarterly data series

Real interest rate: Bank lending rate minus inflation, 2023:

The average for 2023 based on 87 countries was 4.42 percent. The highest value was in Madagascar: 41.3 percent and the lowest value was in Zimbabwe: -73.54 percent. The indicator is available from 1961 to 2023. Below is a chart for all countries where data are available.

Measure: percent; Source: The International Monetary Fund
Select indicator
* indicates monthly or quarterly data series


Countries Real interest rate, 2023 Global rank Available data
Madagascar 41.3 1 1989 - 2023
Brazil 37.21 2 1997 - 2023
Azerbaijan 25.52 3 1998 - 2023
Guyana 24.38 4 1981 - 2023
Brunei 21.12 5 1998 - 2023
Tr.&Tobago 19.71 6 1979 - 2023
Qatar 19.2 7 1979 - 2023
Norway 17.82 8 2013 - 2023
Mozambique 17.47 9 1997 - 2023
Colombia 13.82 10 1986 - 2023
Kuwait 13.26 11 1979 - 2023
Papua N.G. 12.41 12 1983 - 2023
Lesotho 11.49 13 1980 - 2023
Seychelles 10.56 14 1989 - 2023
Georgia 10.26 15 2003 - 2023
Maldives 9.62 16 1995 - 2023
Armenia 9.46 17 1995 - 2023
Bolivia 9.2 18 1987 - 2023
Costa Rica 9.19 19 1982 - 2023
Swaziland 9.07 20 1975 - 2023
Malawi 8.75 21 1981 - 2023
Uzbekistan 8.43 22 2013 - 2023
Uruguay 8.18 23 1976 - 2023
Tonga 7.76 24 2012 - 2023
Honduras 7.74 25 1982 - 2023
Bhutan 7.57 26 1982 - 2023
Domin. Rep. 7.53 27 1991 - 2023
Malaysia 7.33 28 1969 - 2023
Indonesia 7.28 29 1986 - 2023
Vietnam 7.28 30 1993 - 2023
Algeria 7.08 31 1995 - 2023
Kenya 7.05 32 1971 - 2023
Jordan 7.04 33 1997 - 2023
Mexico 6.83 34 1993 - 2023
South Africa 6.39 35 1961 - 2023
Iceland 5.52 36 1982 - 2023
Rwanda 5.38 37 1996 - 2023
Kyrgyzstan 5.02 38 1996 - 2023
Guatemala 4.99 39 1997 - 2023
China 4.96 40 1980 - 2023
Saint Lucia 4.84 41 1981 - 2023
Botswana 4.52 42 1980 - 2023
Gambia 4.45 43 1985 - 2023
Russia 4.25 44 1997 - 2023
Namibia 4.24 45 1991 - 2023
Cape Verde 3.6 46 2006 - 2023
Moldova 3.33 47 1995 - 2023
South Korea 3.06 48 1996 - 2023
Ukraine 3.06 49 1992 - 2023
Thailand 3.03 50 1976 - 2023
St. Vincent & ... 3.01 51 1980 - 2023
Grenada 2.99 52 1982 - 2023
Dominica 2.98 53 1982 - 2023
Hong Kong 2.91 54 1990 - 2023
Belarus 2.42 55 1992 - 2023
Switzerland 1.82 56 2008 - 2023
Ant.& Barb. 1.81 57 1982 - 2023
Belize 1.81 58 1982 - 2023
Macao 1.31 59 1986 - 2023
Nigeria 1.23 60 1970 - 2023
Mauritius 0.91 61 1980 - 2023
Fiji 0.84 62 1992 - 2023
Bangladesh 0.63 63 1976 - 2023
Hungary 0.48 64 1988 - 2023
Albania 0.27 65 1986 - 2023
Jamaica -0.03 66 1976 - 2023
Burundi -0.13 67 1978 - 2023
Samoa -0.36 68 2001 - 2023
Angola -0.59 69 1995 - 2023
Aruba -0.85 70 1987 - 2023
Italy -0.88 71 1989 - 2023
Nicaragua -1.07 72 1988 - 2023
Bahamas -1.97 73 1976 - 2023
Vanuatu -2.13 74 2013 - 2023
North Macedonia -2.16 75 2005 - 2023
Bosnia & Herz. -2.48 76 2002 - 2023
Romania -3.06 77 1993 - 2023
S.T.&Principe -3.18 78 2001 - 2023
Czechia -3.21 79 1993 - 2023
Bulgaria -3.28 80 1992 - 2023
Montenegro -3.8 81 2005 - 2023
Egypt -5.66 82 1976 - 2023
Sierra Leone -7.41 83 1965 - 2023
Haiti -13.15 84 1994 - 2023
Suriname -13.68 85 1990 - 2023
Argentina -16.77 86 2010 - 2023
Zimbabwe -73.54 87 2012 - 2023



Definition: Real interest rate is the lending interest rate adjusted for inflation as measured by the GDP deflator. The terms and conditions attached to lending rates differ by country, however, limiting their comparability.

Selected articles from our guide:

The unholy trinity of international finance

Most commonly used measures of corruption

All articles

41.30
37.21
25.52
24.38
21.12
19.71
19.20
17.82
17.47
13.82
13.26
12.41
11.49
10.56
10.26
9.62
9.46
9.20
9.19
9.07
8.75
8.43
8.18
7.76
7.74
7.57
7.53
7.33
7.28
7.28
7.08
7.05
7.04
6.83
6.39
5.52
5.38
5.02
4.99
4.96
4.84
4.52
4.45
4.25
4.24
3.60
3.33
3.06
3.06
3.03
3.01
2.99
2.98
2.91
2.42
1.82
1.81
1.81
1.31
1.23
0.91
0.84
0.63
0.48
0.27
-0.03
-0.13
-0.36
-0.59
-0.85
-0.88
-1.07
-1.97
-2.13
-2.16
-2.48
-3.06
-3.18
-3.21
-3.28
-3.80
-5.66
-7.41
-13.15
-13.68
-16.77
-73.54
-73.54
-44.8
-16.1
12.6
41.3


This site uses cookies.
Learn more here


OK