Interest Rates On Bank Credit To The Private Sector

Carribean Ranking

Source: IMF

Current Rank	Country	Value	Latest Reading	Previous Rank	Previous Value

1	Haiti	13.35	2021	1	14.63
2	Jamaica	12.06	2020	2	13
3	Dominican Republic	9.61	2021	3	10.98
4 ↑	Belize	8.73	2020	5	9.07
5 ↑	Barbados	8.05	2021	6	8.05
6 ↑	Saint Vincent and the Grenadines	7.65	2021	7	7.99
7 ↑	Antigua and Barbuda	7.41	2021	8	7.68
8 ↑	Aruba	6.8	2020	12	5.7
9	Saint Lucia	6.77	2021	9	7.13
10 ↓	Trinidad and Tobago	6.55	2020	4	9.09
10 ↑	Grenada	6.55	2021	11	6.83
12 ↓	Dominica	6.3	2021	10	6.9
13	Bahamas	4.25	2021	13	4.25

Definition of Interest Rates On Bank Credit To The Private Sector

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.