Real interest rate - Country rankings

* indicates monthly or quarterly data series

Real interest rate: Bank lending rate minus inflation, 2021 - Country rankings:

The average for 2021 based on 23 countries was 3.46 percent.The highest value was in Madagascar: 38.34 percent and the lowest value was in Zimbabwe: -39.56 percent. The indicator is available from 1961 to 2021. 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, 2021 Global rank Available data
Madagascar 38.34 1 1989 - 2021
Rwanda 13.07 2 1996 - 2021
Mozambique 11.72 3 1997 - 2021
Gambia 11.22 4 1985 - 2021
DR Congo 9.29 5 2006 - 2021
Burkina Faso 7.12 6 2005 - 2021
Kenya 6.74 7 1971 - 2021
Sierra Leone 6.12 8 1965 - 2021
Comoros 5.37 9 1999 - 2021
Seychelles 5.28 10 1989 - 2021
Namibia 5.26 11 1991 - 2021
Cape Verde 5.17 12 2006 - 2021
Egypt 4.4 13 1976 - 2021
Swaziland 3.51 14 1975 - 2021
Benin 3.46 15 2005 - 2021
Burundi 3.01 16 1978 - 2021
Mauritius 2.77 17 1980 - 2021
Botswana 2.66 18 1980 - 2021
Nigeria 1.23 19 1970 - 2021
South Africa -0.1 20 1961 - 2021
Algeria -9.12 21 1995 - 2021
Angola -17.3 22 1995 - 2021
Zimbabwe -39.56 23 2012 - 2021

Economic outlook around the world

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.
1. Madagascar
2. Rwanda
3. Mozambique
4. Gambia
5. DR Congo
6. Burkina Faso
7. Kenya
8. Sierra Leone
9. Comoros
10. Seychelles
11. Namibia
12. Cape Verde
13. Egypt
14. Swaziland
15. Benin
16. Burundi
17. Mauritius
18. Botswana
19. Nigeria
20. South Africa
21. Algeria
22. Angola
23. Zimbabwe
38.34
13.07
11.72
11.22
9.29
7.12
6.74
6.12
5.37
5.28
5.26
5.17
4.40
3.51
3.46
3.01
2.77
2.66
1.23
-0.10
-9.12
-17.30
-39.56
-39.56
-20.1
-0.6
18.9
38.34
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