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 19 countries was 7.11 percent. The highest value was in Azerbaijan: 16.31 percent and the lowest value was in South Korea: 0.63 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
Select indicator
* indicates monthly or quarterly data series
| Countries | Real interest rate, 2024 | Global rank | Available data |
|---|---|---|---|
| Azerbaijan | 16.31 | 1 | 1998 - 2024 |
| Kyrgyzstan | 14.36 | 2 | 1996 - 2024 |
| Armenia | 11.59 | 3 | 1995 - 2024 |
| Georgia | 9.61 | 4 | 2003 - 2024 |
| Brunei | 8.59 | 5 | 1998 - 2024 |
| Uzbekistan | 8.59 | 6 | 2013 - 2024 |
| Maldives | 8.23 | 7 | 1995 - 2024 |
| Indonesia | 7.83 | 8 | 1986 - 2024 |
| Qatar | 7.77 | 9 | 1979 - 2024 |
| Jordan | 6.46 | 10 | 1997 - 2024 |
| Kuwait | 5.95 | 11 | 1979 - 2024 |
| Macao | 5.81 | 12 | 1986 - 2024 |
| Bhutan | 5.61 | 13 | 1982 - 2024 |
| China | 5.09 | 14 | 1980 - 2024 |
| Malaysia | 4.46 | 15 | 1969 - 2024 |
| Thailand | 3.55 | 16 | 1976 - 2024 |
| Bangladesh | 2.78 | 17 | 1976 - 2024 |
| Hong Kong | 1.84 | 18 | 1990 - 2024 |
| South Korea | 0.63 | 19 | 1996 - 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.
Selected articles from our guide:
Are trade deficits bad for the economy?
Sources of economic growth
Currency values and investment returns
How to write an economics research paper
All articles
16.31
14.36
11.59
9.61
8.59
8.59
8.23
7.83
7.77
6.46
5.95
5.81
5.61
5.09
4.46
3.55
2.78
1.84
0.63
0
4.1
8.2
12.2
16.31
Real interest rate around the world Real interest rate in Europe Real interest rate in Africa Real interest rate in North America Real interest rate in South America Real interest rate in Australia/Oceania Real interest rate in the European union Real interest rate in Sub Sahara Africa Real interest rate in MENA Real interest rate in South East Asia Real interest rate in Latin America