Real interest rate - Country rankings
* indicates monthly or quarterly data series
Real interest rate: Bank lending rate minus inflation, 2024:
The average for 2024 based on 20 countries was 4.35 percent. The highest value was in Madagascar: 48.66 percent and the lowest value was in Zimbabwe: -85.89 percent. The indicator is available from 1961 to 2024. Below is a chart for all countries where data are available.Measure: percent; Source: The International Monetary Fund
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* indicates monthly or quarterly data series
| Countries | Real interest rate, 2024 | Global rank | Available data |
|---|---|---|---|
| Madagascar | 48.66 | 1 | 1989 - 2024 |
| Gambia | 15.32 | 2 | 1985 - 2024 |
| Mozambique | 14.33 | 3 | 1997 - 2024 |
| Kenya | 13.14 | 4 | 1971 - 2024 |
| Rwanda | 11.81 | 5 | 1996 - 2024 |
| Seychelles | 10.63 | 6 | 1989 - 2024 |
| Malawi | 9.92 | 7 | 1981 - 2024 |
| Swaziland | 9.39 | 8 | 1975 - 2024 |
| Sierra Leone | 9.17 | 9 | 1965 - 2024 |
| Namibia | 7.46 | 10 | 1991 - 2024 |
| South Africa | 7.42 | 11 | 1961 - 2024 |
| Lesotho | 7.35 | 12 | 1980 - 2024 |
| Cape Verde | 6.11 | 13 | 2006 - 2024 |
| Mauritius | 5.44 | 14 | 1980 - 2024 |
| Algeria | 4.47 | 15 | 1995 - 2024 |
| Botswana | 3.38 | 16 | 1980 - 2024 |
| S.T.&Principe | 0.12 | 17 | 2001 - 2024 |
| Angola | -4.18 | 18 | 1995 - 2024 |
| Egypt | -7.03 | 19 | 1976 - 2024 |
| Zimbabwe | -85.89 | 20 | 2012 - 2024 |
Definition: An interest rate is the amount charged, expressed as a percentage of the principal over a period of time, by the owners of certain kinds of financial assets for putting the financial assets at the disposal of another institutional unit. The 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. This indicator is expressed as a percentage (a÷b)*100.
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48.66
15.32
14.33
13.14
11.81
10.63
9.92
9.39
9.17
7.46
7.42
7.35
6.11
5.44
4.47
3.38
0.12
-4.18
-7.03
-85.89
-85.89
-52.3
-18.6
15
48.66
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