Interest Rates On Bank Credit To The Private Sector

North America Ranking

Source: IMF

Current Rank	Country	Value	Latest Reading	Previous Rank	Previous Value

1	Honduras	15.97	2021	1	17.01
2	Guatemala	12.19	2021	2	12.53
3	Nicaragua	9.62	2021	3	11.18
4	Panama	6.94	2021	4	7.01
5	Costa Rica	5.51	2021	5	6.64
6	Mexico	4.89	2021	6	6.34
7	United States	3.25	2021	7	5.28
8	Canada	2.7	2017	8	2.7

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.