* indicates monthly or quarterly data series

Real interest rate: Bank lending rate minus inflation, 2022:

The average for 2022 based on 22 countries was -0.51 percent. The highest value was in Bhutan: 7.76 percent and the lowest value was in Qatar: -17.11 percent. The indicator is available from 1961 to 2022. 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, 2022 Global rank Available data
Bhutan 7.76 1 1982 - 2022
Maldives 7.5 2 1996 - 2022
Uzbekistan 6.94 3 2013 - 2022
Macao 5.8 4 1986 - 2022
Jordan 4.65 5 1997 - 2022
Georgia 4.18 6 2003 - 2022
Vietnam 4 7 1993 - 2022
Armenia 3.46 8 1995 - 2022
Hong Kong 3.24 9 1990 - 2022
South Korea 2.98 10 1996 - 2022
China 2.05 11 1980 - 2022
Bangladesh 1.97 12 1976 - 2022
Kyrgyzstan 1.73 13 1996 - 2022
India 0.32 14 1978 - 2022
Indonesia -0.96 15 1986 - 2022
Thailand -1.51 16 1976 - 2022
Israel -1.59 17 2013 - 2022
Malaysia -2.38 18 1969 - 2022
Kuwait -12.71 19 1993 - 2022
Brunei -15.08 20 1998 - 2022
Azerbaijan -16.51 21 1998 - 2022
Qatar -17.11 22 2004 - 2022



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.

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