* indicates monthly or quarterly data series

Real interest rate: Bank lending rate minus inflation, 2020 - Country rankings:

The average for 2020 based on 95 countries was 8.14 percent.The highest value was in Guyana: 48.52 percent and the lowest value was in Suriname: -20.76 percent. The indicator is available from 1961 to 2020. 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, 2020 Global rank Available data
Guyana 48.52 1 1981 - 2020
Madagascar 42.66 2 1989 - 2020
Azerbaijan 26.79 3 1998 - 2020
Brazil 23.13 4 1997 - 2020
Qatar 22.6 5 2004 - 2020
Oman 21.54 6 1984 - 2020
Kuwait 21.19 7 1993 - 2020
Gambia 20.46 8 1985 - 2020
Seychelles 18.59 9 1989 - 2020
Bahamas 18.41 10 1976 - 2020
Brunei 18.36 11 1998 - 2020
DR Congo 18.01 12 2006 - 2020
Tanzania 16.28 13 1992 - 2020
Algeria 14.3 14 1995 - 2020
Mozambique 14.22 15 1997 - 2020
Belize 13.28 16 1982 - 2020
S.T.&Principe 12.93 17 2002 - 2020
Mongolia 12.75 18 1998 - 2020
Malawi 12.72 19 1979 - 2020
Micronesia 11.89 20 1995 - 2020
Honduras 11.83 21 1982 - 2020
Saint Lucia 11.8 22 1981 - 2020
Maldives 11.2 23 1996 - 2020
Kyrgyzstan 10.66 24 1996 - 2020
Paraguay 10.58 25 1994 - 2020
Indonesia 10.05 26 1986 - 2020
Bolivia 9.69 27 1987 - 2020
Guatemala 9.63 28 1997 - 2020
Armenia 9.41 29 1995 - 2020
Angola 9.39 30 1995 - 2020
Burma 9.31 31 1994 - 2020
Cape Verde 9.14 32 2006 - 2020
Lesotho 9.01 33 1980 - 2020
Panama 8.97 34 1996 - 2020
Samoa 8.47 35 2001 - 2020
Singapore 8.42 36 1978 - 2020
Peru 8.37 37 1985 - 2020
Colombia 8.33 38 1986 - 2020
Jamaica 8.21 39 1976 - 2020
Dominica 8.12 40 1982 - 2020
Fiji 8.08 41 1992 - 2020
Jordan 7.76 42 1997 - 2020
Rwanda 7.46 43 1996 - 2020
Grenada 7.28 44 1982 - 2020
Solomon Isl. 7.04 45 1981 - 2020
St. Vincent & ... 6.75 46 1980 - 2020
Bhutan 6.69 47 1982 - 2020
Albania 6.6 48 1986 - 2020
Norway 6.54 49 2013 - 2020
Kenya 6.48 50 1971 - 2020
Costa Rica 6.42 51 1982 - 2020
Comoros 6.33 52 1999 - 2020
Sierra Leone 6.33 53 1965 - 2020
Montenegro 6.09 54 2005 - 2020
Domin. Rep. 5.97 55 1991 - 2020
Ant.& Barb. 5.84 56 1982 - 2020
Russia 5.83 57 1997 - 2020
Mauritius 5.81 58 1980 - 2020
Macao 5.51 59 1986 - 2020
Nigeria 5.37 60 1970 - 2020
Swaziland 5.2 61 1975 - 2020
Nicaragua 5.02 62 1988 - 2020
Egypt 4.84 63 1976 - 2020
Malaysia 4.76 64 1969 - 2020
Thailand 4.41 65 1976 - 2020
Hong Kong 4.34 66 1990 - 2020
India 4.34 67 1978 - 2020
Georgia 4.21 68 2003 - 2020
Bangladesh 4.04 69 1976 - 2020
North Macedonia 4.02 70 2005 - 2020
China 3.7 71 1980 - 2020
Benin 3.56 72 2005 - 2020
Mexico 3.34 73 1993 - 2020
Barbados 3.22 74 1981 - 2020
Switzerland 3.15 75 2008 - 2020
Bosnia & Herz. 2.85 76 2002 - 2020
Romania 2.63 77 1993 - 2020
Moldova 2.59 78 1996 - 2020
Iceland 2.47 79 1996 - 2020
Israel 2.4 80 2013 - 2020
South Africa 2.31 81 1961 - 2020
Namibia 1.94 82 1991 - 2020
South Korea 1.47 83 1996 - 2020
Italy 1.15 84 1989 - 2020
Pakistan 0.56 85 2004 - 2020
Burundi 0.27 86 1978 - 2020
Bulgaria 0.13 87 1992 - 2020
Botswana 0.09 88 1980 - 2020
Burkina Faso -0.28 89 2005 - 2020
Belarus -0.97 90 1992 - 2020
Czechia -1.01 91 1993 - 2020
Hungary -3.74 92 1992 - 2020
Haiti -4.93 93 1994 - 2020
Argentina -7.51 94 2010 - 2020
Suriname -20.76 95 1990 - 2020


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.
48.52
42.66
26.79
23.13
22.60
21.54
21.19
20.46
18.59
18.41
18.36
18.01
16.28
14.30
14.22
13.28
12.93
12.75
12.72
11.89
11.83
11.80
11.20
10.66
10.58
10.05
9.69
9.63
9.41
9.39
9.31
9.14
9.01
8.97
8.47
8.42
8.37
8.33
8.21
8.12
8.08
7.76
7.46
7.28
7.04
6.75
6.69
6.60
6.54
6.48
6.42
6.33
6.33
6.09
5.97
5.84
5.83
5.81
5.51
5.37
5.20
5.02
4.84
4.76
4.41
4.34
4.34
4.21
4.04
4.02
3.70
3.56
3.34
3.22
3.15
2.85
2.63
2.59
2.47
2.40
2.31
1.94
1.47
1.15
0.56
0.27
0.13
0.09
-0.28
-0.97
-1.01
-3.74
-4.93
-7.51
-20.76
-20.76
-3.4
13.9
31.2
48.52
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