* indicates monthly or quarterly data series
Interest rates on bank credit to the private sector, 2023:
The average for 2023 based on 83 countries was 14.19 percent. The highest value was in Zimbabwe: 170.29 percent and the lowest value was in Switzerland: 2.86 percent. The indicator is available from 1960 to 2023. Below is a chart for all countries where data are available.
Measure: percent; Source: The World Bank
* indicates monthly or quarterly data series
| Countries | Lending interest rate, 2023 | Global rank | Available data |
|---|---|---|---|
| Zimbabwe | 170.29 | 1 | 2012 - 2023 |
| Argentina | 97.02 | 2 | 2010 - 2023 |
| Madagascar | 53.58 | 3 | 1989 - 2023 |
| Brazil | 43.6 | 4 | 1997 - 2023 |
| Malawi | 33.55 | 5 | 1979 - 2023 |
| Mozambique | 23.7 | 6 | 1997 - 2023 |
| Uzbekistan | 22.15 | 7 | 2013 - 2023 |
| Ukraine | 22.11 | 8 | 1992 - 2023 |
| Colombia | 21.03 | 9 | 1986 - 2023 |
| Sierra Leone | 19.64 | 10 | 1965 - 2023 |
| Kyrgyzstan | 19.11 | 11 | 1996 - 2023 |
| Egypt | 17.76 | 12 | 1976 - 2023 |
| Angola | 16.92 | 13 | 1995 - 2023 |
| Rwanda | 16.06 | 14 | 1996 - 2023 |
| Hungary | 15.3 | 15 | 1988 - 2023 |
| Domin. Rep. | 14.43 | 16 | 1991 - 2023 |
| Honduras | 14.4 | 17 | 1982 - 2023 |
| Suriname | 14.17 | 18 | 1990 - 2023 |
| Nigeria | 14.01 | 19 | 1970 - 2023 |
| Bhutan | 14 | 20 | 1982 - 2023 |
| Azerbaijan | 13.96 | 21 | 1998 - 2023 |
| Kenya | 13.59 | 22 | 1971 - 2023 |
| Georgia | 13.51 | 23 | 2003 - 2023 |
| Armenia | 12.39 | 24 | 1995 - 2023 |
| Moldova | 12.33 | 25 | 1995 - 2023 |
| Guatemala | 11.96 | 26 | 1997 - 2023 |
| Uruguay | 11.9 | 27 | 1976 - 2023 |
| Maldives | 11.68 | 28 | 1995 - 2023 |
| Jamaica | 11.65 | 29 | 1976 - 2023 |
| Russia | 11.62 | 30 | 1997 - 2023 |
| Mexico | 11.59 | 31 | 1993 - 2023 |
| Iceland | 11.53 | 32 | 1982 - 2023 |
| South Africa | 11.5 | 33 | 1960 - 2023 |
| Burundi | 11.23 | 34 | 1978 - 2023 |
| Lesotho | 11.08 | 35 | 1980 - 2023 |
| Namibia | 10.93 | 36 | 1991 - 2023 |
| Swaziland | 10.83 | 37 | 1975 - 2023 |
| Belarus | 9.96 | 38 | 1992 - 2023 |
| Seychelles | 9.53 | 39 | 1989 - 2023 |
| Mauritius | 9.5 | 40 | 1980 - 2023 |
| Nicaragua | 9.48 | 41 | 1988 - 2023 |
| Romania | 9.32 | 42 | 1993 - 2023 |
| Vietnam | 9.32 | 43 | 1993 - 2023 |
| Costa Rica | 9.1 | 44 | 1982 - 2023 |
| Vanuatu | 8.94 | 45 | 2013 - 2023 |
| Indonesia | 8.93 | 46 | 1986 - 2023 |
| Bolivia | 8.64 | 47 | 1987 - 2023 |
| Belize | 8.44 | 48 | 1982 - 2023 |
| Guyana | 8.38 | 49 | 1981 - 2023 |
| Papua N.G. | 8.34 | 50 | 1983 - 2023 |
| Samoa | 8.32 | 51 | 2001 - 2023 |
| Algeria | 8 | 52 | 1995 - 2023 |
| Tonga | 7.74 | 53 | 2012 - 2023 |
| Bangladesh | 7.57 | 54 | 1976 - 2023 |
| Cape Verde | 7.53 | 55 | 2006 - 2023 |
| Tr.&Tobago | 7.52 | 56 | 1979 - 2023 |
| St. Vincent & ... | 7.16 | 57 | 1980 - 2023 |
| Grenada | 6.93 | 58 | 1982 - 2023 |
| Botswana | 6.74 | 59 | 1980 - 2023 |
| Ant.& Barb. | 6.7 | 60 | 1982 - 2023 |
| Qatar | 6.45 | 61 | 1979 - 2023 |
| Saint Lucia | 6.4 | 62 | 1981 - 2023 |
| Albania | 6.35 | 63 | 1986 - 2023 |
| Montenegro | 6.34 | 64 | 2005 - 2023 |
| Macao | 6.01 | 65 | 1986 - 2023 |
| Dominica | 5.94 | 66 | 1982 - 2023 |
| Hong Kong | 5.77 | 67 | 1990 - 2023 |
| San Marino | 5.63 | 68 | 2001 - 2023 |
| Brunei | 5.5 | 69 | 1998 - 2023 |
| North Macedonia | 5.44 | 70 | 2005 - 2023 |
| Malaysia | 5.32 | 71 | 1969 - 2023 |
| Norway | 5.31 | 72 | 2013 - 2023 |
| South Korea | 5.19 | 73 | 1996 - 2023 |
| Fiji | 4.97 | 74 | 1992 - 2023 |
| Kuwait | 4.93 | 75 | 1979 - 2023 |
| Italy | 4.89 | 76 | 1989 - 2023 |
| Czechia | 4.68 | 77 | 1993 - 2023 |
| Bulgaria | 4.43 | 78 | 1992 - 2023 |
| China | 4.35 | 79 | 1980 - 2023 |
| Thailand | 4.29 | 80 | 1976 - 2023 |
| Bahamas | 4.25 | 81 | 1976 - 2023 |
| Bosnia & Herz. | 4.11 | 82 | 2002 - 2023 |
| Switzerland | 2.86 | 83 | 2008 - 2023 |
Definition: Lending rate is the bank rate that usually meets the short- and medium-term financing needs of the private sector. This rate is normally differentiated according to creditworthiness of borrowers and objectives of financing. The terms and conditions attached to these rates differ by country, however, limiting their comparability.
Selected articles from our guide:The unholy trinity of international financeMost commonly used measures of corruptionAll articles
1. Zimbabwe
2. Argentina
3. Madagascar
4. Brazil
5. Malawi
6. Mozambique
7. Uzbekistan
8. Ukraine
9. Colombia
10. Sierra Leone
11. Kyrgyzstan
12. Egypt
13. Angola
14. Rwanda
15. Hungary
16. Domin. Rep.
17. Honduras
18. Suriname
19. Nigeria
20. Bhutan
21. Azerbaijan
22. Kenya
23. Georgia
24. Armenia
25. Moldova
26. Guatemala
27. Uruguay
28. Maldives
29. Jamaica
30. Russia
31. Mexico
32. Iceland
33. South Africa
34. Burundi
35. Lesotho
37. Swaziland
38. Belarus
39. Seychelles
40. Mauritius
41. Nicaragua
42. Romania
43. Vietnam
44. Costa Rica
45. Vanuatu
46. Indonesia
47. Bolivia
48. Belize
49. Guyana
50. Papua N.G.
51. Samoa
52. Algeria
53. Tonga
54. Bangladesh
55. Cape Verde
56. Tr.&Tobago
58. Grenada
59. Botswana
60. Ant.& Barb.
61. Qatar
62. Saint Lucia
63. Albania
64. Montenegro
65. Macao
66. Dominica
67. Hong Kong
68. San Marino
69. Brunei
70. North Macedonia
71. Malaysia
72. Norway
73. South Korea
74. Fiji
75. Kuwait
76. Italy
77. Czechia
78. Bulgaria
79. China
80. Thailand
81. Bahamas
82. Bosnia & Herz.
83. Switzerland
170.29
97.02
53.58
43.60
33.55
23.70
22.15
22.11
21.03
19.64
19.11
17.76
16.92
16.06
15.30
14.43
14.40
14.17
14.01
14.00
13.96
13.59
13.51
12.39
12.33
11.96
11.90
11.68
11.65
11.62
11.59
11.53
11.50
11.23
11.08
10.93
10.83
9.96
9.53
9.50
9.48
9.32
9.32
9.10
8.94
8.93
8.64
8.44
8.38
8.34
8.32
8.00
7.74
7.57
7.53
7.52
7.16
6.93
6.74
6.70
6.45
6.40
6.35
6.34
6.01
5.94
5.77
5.63
5.50
5.44
5.32
5.31
5.19
4.97
4.93
4.89
4.68
4.43
4.35
4.29
4.25
4.11
2.86
42.6
85.1
127.7
170.29
Lending interest rate in EuropeLending interest rate in AsiaLending interest rate in AfricaLending interest rate in North AmericaLending interest rate in South AmericaLending interest rate in Australia/OceaniaLending interest rate in the European unionLending interest rate in Sub Sahara AfricaLending interest rate in MENALending interest rate in South East AsiaLending interest rate in Latin America
