* indicates monthly or quarterly data series
Interest rates on bank credit to the private sector, 2022:
The average for 2022 based on 19 countries was 19.94 percent. The highest value was in Zimbabwe: 131.81 percent and the lowest value was in Botswana: 6.13 percent. The indicator is available from 1960 to 2022. 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, 2022 | Global rank | Available data |
|---|---|---|---|
| Zimbabwe | 131.81 | 1 | 2012 - 2022 |
| Madagascar | 48.83 | 2 | 1989 - 2022 |
| Malawi | 25.35 | 3 | 1979 - 2022 |
| Mozambique | 20.13 | 4 | 1997 - 2022 |
| Angola | 20.12 | 5 | 1995 - 2022 |
| Rwanda | 16.39 | 6 | 1996 - 2022 |
| Nigeria | 12.33 | 7 | 1970 - 2022 |
| Burundi | 11.77 | 8 | 1978 - 2022 |
| Egypt | 10.58 | 9 | 1976 - 2022 |
| Seychelles | 9.1 | 10 | 1989 - 2022 |
| Lesotho | 8.98 | 11 | 1980 - 2022 |
| South Africa | 8.79 | 12 | 1960 - 2022 |
| Namibia | 8.61 | 13 | 1991 - 2022 |
| Swaziland | 8.5 | 14 | 1975 - 2022 |
| Comoros | 8.03 | 15 | 1999 - 2022 |
| Algeria | 8 | 16 | 1995 - 2022 |
| Cape Verde | 7.83 | 17 | 2006 - 2022 |
| Mauritius | 7.5 | 18 | 1980 - 2022 |
| Botswana | 6.13 | 19 | 1980 - 2022 |
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.
1. Zimbabwe
2. Madagascar
3. Malawi
4. Mozambique
5. Angola
6. Rwanda
7. Nigeria
8. Burundi
9. Egypt
10. Seychelles
11. Lesotho
12. South Africa
13. Namibia
14. Swaziland
15. Comoros
16. Algeria
17. Cape Verde
18. Mauritius
19. Botswana
131.81
48.83
25.35
20.13
20.12
16.39
12.33
11.77
10.58
9.10
8.98
8.79
8.61
8.50
8.03
8.00
7.83
7.50
6.13
33
65.9
98.9
131.81
Lending interest rate around the worldLending interest rate in EuropeLending interest rate in AsiaLending 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
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