Interest Rates On Bank Credit To The Private Sector
Global Ranking
Source: IMF
| Current Rank | Country | Value | Latest Reading | Previous Rank | Previous Value |
|---|---|---|---|---|---|
| 1 ↑ | Madagascar | 48.28 | 2021 | 2 | 48.87 |
| 2 ↑ | Zimbabwe | 45.48 | 2021 | 3 | 33.01 |
| 3 ↓ | Argentina | 35.56 | 2021 | 1 | 67.25 |
| 4 ↑ | Somalia | 33.67 | 1988 | 14 | 20.58 |
| 5 ↓ | Brazil | 30.02 | 2021 | 4 | 29.04 |
| 6 ↓ | Gambia | 28 | 2019 | 5 | 28 |
| 7 ↑ | Democratic Republic of the Congo | 26.74 | 2019 | 8 | 24.75 |
| 8 ↓ | Malawi | 24.22 | 2020 | 7 | 25.67 |
| 9 ↓ | Tajikistan | 23.55 | 2019 | 6 | 27.19 |
| 10 | Laos | 22.61 | 2010 | 10 | 24 |
| 11 ↓ | Yemen | 22.08 | 2013 | 9 | 24.5 |
| 12 ↓ | Uzbekistan | 21.4 | 2021 | 11 | 22.34 |
| 13 | Venezuela | 21.06 | 2017 | 13 | 20.77 |
| 14 ↓ | Uganda | 19.85 | 2018 | 12 | 21.28 |
| 15 ↑ | Angola | 19.4 | 2021 | 16 | 19.66 |
| 16 ↓ | Guinea | 19.38 | 2000 | 15 | 19.88 |
| 17 | Sao Tome and Principe | 19.11 | 2020 | 17 | 19.06 |
| 18 ↑ | Sierra Leone | 18.86 | 2021 | 19 | 17.94 |
| 19 ↓ | Mozambique | 18.17 | 2021 | 18 | 18.96 |
| 20 ↑ | Mauritania | 17 | 2017 | 23 | 17 |
| 21 ↑ | Mongolia | 16.93 | 2020 | 23 | 17 |
| 22 ↑ | Tanzania | 16.68 | 2020 | 25 | 16.97 |
| 23 ↓ | Kyrgyzstan | 16.62 | 2021 | 21 | 17.04 |
| 24 ↓ | Azerbaijan | 16.43 | 2021 | 20 | 17.18 |
| 25 ↑ | Rwanda | 16.18 | 2021 | 26 | 16.34 |
| 26 ↓ | Honduras | 15.97 | 2021 | 22 | 17.01 |
| 27 ↑ | Afghanistan | 14.84 | 2017 | 28 | 15 |
| 28 ↓ | Burma (Myanmar) | 14.83 | 2020 | 27 | 16 |
| 29 | Suriname | 14.81 | 2021 | 29 | 14.8 |
| 30 | Micronesia | 14.47 | 2020 | 30 | 14.7 |
| 31 ↑ | Iran | 14.21 | 2015 | 33 | 14 |
| 32 ↑ | Bhutan | 14 | 2021 | 33 | 14 |
| 33 ↓ | Haiti | 13.35 | 2021 | 31 | 14.63 |
| 34 ↓ | Ukraine | 13.29 | 2021 | 32 | 14.29 |
| 35 ↑ | Liberia | 13.25 | 2017 | 36 | 13.61 |
| 36 ↑ | Burundi | 12.63 | 2021 | 42 | 12.19 |
| 37 ↑ | Georgia | 12.51 | 2021 | 54 | 10.82 |
| 37 | Paraguay | 12.51 | 2021 | 37 | 13.54 |
| 39 ↑ | Iraq | 12.36 | 2016 | 41 | 12.29 |
| 40 | Guatemala | 12.19 | 2021 | 40 | 12.53 |
| 41 ↑ | Kenya | 12.08 | 2021 | 43 | 12 |
| 42 ↓ | Jamaica | 12.06 | 2020 | 38 | 13 |
| 43 ↑ | Armenia | 11.76 | 2021 | 45 | 11.62 |
| 44 ↑ | Maldives | 11.56 | 2021 | 47 | 11.6 |
| 45 ↓ | Nigeria | 11.48 | 2021 | 35 | 13.64 |
| 46 ↑ | Lesotho | 11.33 | 2019 | 48 | 11.58 |
| 47 ↑ | Sri Lanka | 11.24 | 2019 | 49 | 11.55 |
| 48 ↓ | Peru | 10.98 | 2021 | 39 | 12.94 |
| 49 ↑ | Belarus | 10.12 | 2021 | 67 | 9.03 |
| 50 ↓ | Colombia | 9.85 | 2020 | 44 | 11.77 |
| 51 ↑ | Nicaragua | 9.62 | 2021 | 52 | 11.18 |
| 52 ↑ | Dominican Republic | 9.61 | 2021 | 53 | 10.98 |
| 53 ↑ | Zambia | 9.48 | 2020 | 59 | 9.79 |
| 54 ↓ | Egypt | 9.43 | 2021 | 50 | 11.37 |
| 55 ↓ | Seychelles | 9.16 | 2021 | 46 | 11.61 |
| 56 ↑ | India | 9.15 | 2020 | 62 | 9.45 |
| 57 ↑ | Lebanon | 9.1 | 2018 | 70 | 8.29 |
| 58 ↑ | Indonesia | 8.92 | 2021 | 60 | 9.54 |
| 59 ↑ | Guyana | 8.88 | 2021 | 61 | 9.47 |
| 60 ↑ | Belize | 8.73 | 2020 | 65 | 9.07 |
| 61 ↓ | Pakistan | 8.67 | 2021 | 55 | 10.76 |
| 62 ↑ | Papua New Guinea | 8.65 | 2019 | 65 | 9.07 |
| 63 | Croatia | 8.58 | 2014 | 63 | 9.25 |
| 64 ↑ | Samoa | 8.52 | 2021 | 68 | 8.7 |
| 65 ↓ | Comoros | 8.09 | 2020 | 57 | 10.5 |
| 66 ↑ | Barbados | 8.05 | 2021 | 74 | 8.05 |
| 67 ↑ | Bolivia | 8.02 | 2021 | 82 | 7.59 |
| 68 ↑ | Ethiopia | 8 | 2008 | 83 | 7.5 |
| 68 ↑ | Algeria | 8 | 2021 | 75 | 8 |
| 70 ↑ | Vietnam | 7.81 | 2021 | 81 | 7.65 |
| 71 ↑ | Tonga | 7.76 | 2021 | 79 | 7.83 |
| 72 ↑ | Saint Vincent and the Grenadines | 7.65 | 2021 | 76 | 7.99 |
| 73 ↓ | Cape Verde | 7.62 | 2021 | 72 | 8.19 |
| 74 ↓ | Uruguay | 7.45 | 2021 | 51 | 11.23 |
| 75 ↑ | Antigua and Barbuda | 7.41 | 2021 | 80 | 7.68 |
| 76 ↓ | Moldova | 7.4 | 2021 | 73 | 8.18 |
| 77 ↓ | Bangladesh | 7.32 | 2021 | 69 | 8.3 |
| 78 ↓ | Iceland | 7.26 | 2017 | 71 | 8.24 |
| 79 ↓ | Swaziland | 7.25 | 2021 | 77 | 7.96 |
| 80 ↑ | Philippines | 7.1 | 2019 | 99 | 6.12 |
| 81 ↓ | South Africa | 7.04 | 2021 | 58 | 10.13 |
| 82 ↑ | Jordan | 7.03 | 2021 | 84 | 7.48 |
| 83 ↑ | Panama | 6.94 | 2021 | 87 | 7.01 |
| 84 ↑ | Mauritius | 6.87 | 2021 | 85 | 7.22 |
| 85 ↓ | Namibia | 6.86 | 2021 | 78 | 7.87 |
| 86 ↑ | Aruba | 6.8 | 2020 | 104 | 5.7 |
| 87 ↓ | Saint Lucia | 6.77 | 2021 | 86 | 7.13 |
| 88 ↑ | Russia | 6.73 | 2021 | 91 | 6.78 |
| 89 ↓ | Trinidad and Tobago | 6.55 | 2020 | 64 | 9.09 |
| 89 ↑ | Grenada | 6.55 | 2021 | 90 | 6.83 |
| 91 ↓ | Dominica | 6.3 | 2021 | 88 | 6.9 |
| 92 ↑ | Burkina Faso | 6.25 | 2021 | 94 | 6.54 |
| 92 | Benin | 6.25 | 2021 | 92 | 6.69 |
| 94 ↑ | Albania | 6.02 | 2021 | 99 | 6.12 |
| 95 ↑ | Libya | 6 | 2014 | 101 | 6 |
| 96 ↑ | Fiji | 5.94 | 2021 | 97 | 6.18 |
| 97 | Montenegro | 5.76 | 2021 | 97 | 6.18 |
| 98 ↓ | Romania | 5.61 | 2021 | 95 | 6.49 |
| 99 ↓ | Costa Rica | 5.51 | 2021 | 93 | 6.64 |
| 100 ↑ | Brunei | 5.5 | 2020 | 105 | 5.5 |
| 100 ↑ | Oman | 5.5 | 2021 | 106 | 5.47 |
| 102 ↑ | Senegal | 5.3 | 2016 | 115 | 5.15 |
| 103 ↑ | Australia | 5.26 | 2018 | 112 | 5.25 |
| 103 ↑ | Macao | 5.26 | 2021 | 111 | 5.26 |
| 105 ↑ | Singapore | 5.25 | 2021 | 112 | 5.25 |
| 105 ↓ | Botswana | 5.25 | 2021 | 103 | 5.75 |
| 107 ↓ | Solomon Islands | 5.18 | 2021 | 56 | 10.68 |
| 108 ↓ | Bahrain | 5.16 | 2015 | 102 | 5.87 |
| 109 ↑ | Niger | 5.14 | 2017 | 115 | 5.15 |
| 109 ↓ | Guinea-Bissau | 5.14 | 2017 | 107 | 5.3 |
| 109 ↓ | Mali | 5.14 | 2017 | 107 | 5.3 |
| 109 ↓ | Togo | 5.14 | 2017 | 107 | 5.3 |
| 109 ↑ | Ivory Coast | 5.14 | 2017 | 115 | 5.15 |
| 114 ↑ | Hong Kong | 5 | 2021 | 119 | 5 |
| 115 ↓ | Mexico | 4.89 | 2021 | 96 | 6.34 |
| 116 ↓ | Macedonia | 4.86 | 2021 | 114 | 5.19 |
| 117 ↓ | Serbia | 4.76 | 2010 | 89 | 6.87 |
| 118 ↑ | Malta | 4.7 | 2013 | 120 | 4.7 |
| 119 ↑ | China | 4.35 | 2021 | 122 | 4.35 |
| 120 ↑ | Bahamas | 4.25 | 2021 | 124 | 4.25 |
| 121 | Chile | 4.18 | 2018 | 121 | 4.55 |
| 122 ↑ | Bulgaria | 4.12 | 2021 | 123 | 4.34 |
| 123 ↑ | Qatar | 3.85 | 2021 | 126 | 4.09 |
| 124 ↑ | Kuwait | 3.71 | 2021 | 125 | 4.14 |
| 125 ↑ | Sweden | 3.68 | 2006 | 128 | 3.53 |
| 126 ↑ | Malaysia | 3.44 | 2021 | 127 | 3.94 |
| 127 ↑ | Israel | 3.4 | 2020 | 128 | 3.53 |
| 128 ↓ | United States | 3.25 | 2021 | 110 | 5.28 |
| 129 ↑ | Czech Republic | 3.2 | 2021 | 130 | 3.34 |
| 130 ↑ | Bosnia and Herzegovina | 3.07 | 2020 | 131 | 3.29 |
| 131 | Thailand | 3.06 | 2021 | 131 | 3.29 |
| 132 ↑ | Hungary | 2.97 | 2021 | 140 | 1.96 |
| 133 | South Korea | 2.88 | 2021 | 133 | 2.8 |
| 134 | Canada | 2.7 | 2017 | 134 | 2.7 |
| 135 ↑ | Switzerland | 2.64 | 2021 | 137 | 2.63 |
| 136 ↓ | Norway | 2.27 | 2021 | 134 | 2.7 |
| 137 ↓ | Vanuatu | 2.08 | 2020 | 134 | 2.7 |
| 138 | Italy | 2.03 | 2021 | 138 | 2.33 |
| 139 | San Marino | 1.68 | 2021 | 139 | 2.03 |
| 140 ↑ | Netherlands | 1.5 | 2013 | 141 | 1.63 |
| 141 ↑ | Japan | 0.99 | 2017 | 142 | 1.04 |
| 142 ↑ | United Kingdom | 0.5 | 2014 | 143 | 0.5 |
| 143 ↓ | New Zealand | 0 | 2018 | 118 | 5.02 |
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.
