Which country has the highest Interest Rate?

Turkey has the highest Interest Rate in 2024, at 47.5%, followed by Zimbabwe (35.0%) and Argentina (32.0%).

Which country has the lowest Interest Rate?

Fiji has the lowest Interest Rate in 2024, at 0.25%.

What is the median Interest Rate across countries?

The median is 4.75% across the 152 countries with data in 2024.

Where does this countries with negative interest rates data come from?

Rankodex compiles it from World Population Review and the primary sources it cites: Mapped: Interest Rates by Country in 2022.

Country rankings

Countries with Negative Interest Rates

Name: Countries with Negative Interest Rates
Creator: Rankodex

Turkey has the highest Interest Rate in 2024 (47.5%), followed by Zimbabwe (35.0%) and Argentina (32.0%). Fiji has the lowest (0.25%).

Economics152 countries · 1 metricUpdated Feb 3, 2025Original page

1 source

Mapped: Interest Rates by Country in 2022

ShowingInterest RateBetter directionWhether a higher or a lower value is better. A green arrow means higher is better, a red arrow means lower is better, and no arrow means neither.More in the glossary →

Year 2024152 of 235 countries

Compare this metric Add to combined ranking Open full map

Interest Rate, 2024

Darker means higher. Click a place to highlight it.

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Ranking

Highest first: the first 15 and last 5 of 152 countries.

Distribution Median and middle halfThe median is the middle value: half of places are above it, half below. The middle half is the range holding the central 50% of places.More in the glossary →

Each dot is one country; the lines mark the median and the middle half.

Median

4.75%

Middle half 3% – 7.31%

Average

7.08%

152 countries

Highest

47.5%

Turkey

Lowest

0.25%

Fiji

Data

Click a column to sort, a row to highlight that place on the charts.

152 countries · # = rank by Interest Rate

#
1	Turkey	47.5%
2	Zimbabwe	35.0%
3	Argentina	32.0%
4	Nigeria	27.5%
5	Egypt	27.3%
6	Ghana	27.0%
7	Malawi	26.0%
8	DR Congo	25.0%
9	Sierra Leone	24.8%
10	Iran	23.0%
11	Russia	21.0%
12	Lebanon	20.0%
13	Angola	18.0%
14	Gambia	17.0%
15	Kazakhstan	15.3%
16	South Sudan	15.0%
17	Zambia	14.0%
18	Ukraine	13.5%
18	Uzbekistan	13.5%
20	Pakistan	13.0%
21	Mozambique	12.8%
22	Brazil	12.3%
23	Kenya	11.3%
24	Mexico	10.0%
24	Mongolia	10.0%
24	Suriname	10.0%
27	Uganda	9.75%
27	Belarus	9.75%
29	Colombia	9.5%
30	Tajikistan	9%
30	Kyrgyzstan	9%
32	Uruguay	8.75%
33	Iceland	8.5%
34	Sri Lanka	8%
34	Tunisia	8%
34	Georgia	8%
37	South Africa	7.75%
38	Lesotho	7.5%
39	Azerbaijan	7.25%
40	Namibia	7%
40	Armenia	7%
40	Eswatini	7%
43	India	6.5%
43	Bangladesh	6.5%
43	Romania	6.5%
43	Rwanda	6.5%
43	Jordan	6.5%
43	Hungary	6.5%
43	Nicaragua	6.5%
50	Afghanistan	6%
50	Paraguay	6%
50	Jamaica	6%
53	North Macedonia	5.8%
54	Indonesia	5.75%
54	Philippines	5.75%
54	Poland	5.75%
54	Dominican Republic	5.75%
54	Honduras	5.75%
54	Serbia	5.75%
60	Saudi Arabia	5%
60	Cameroon	5%
60	Chad	5%
60	Chile	5%
60	Burundi	5%
60	Republic of the Congo	5%
60	Central African Republic	5%
60	Oman	5%
60	Gabon	5%
60	Equatorial Guinea	5%
60	Bahrain	5%
60	Sao Tome and Principe	5%
72	Qatar	4.85%
73	United Kingdom	4.75%
73	Peru	4.75%
73	Hong Kong	4.75%
73	Curacao	4.75%
73	Sint Maarten	4.75%
78	United States	4.5%
78	Vietnam	4.5%
78	Guatemala	4.5%
78	Israel	4.5%
78	Norway	4.5%
83	United Arab Emirates	4.4%
84	Australia	4.35%
85	New Zealand	4.25%
86	Papua New Guinea	4%
86	Czechia	4%
86	Costa Rica	4%
86	Kuwait	4%
86	Mauritius	4%
86	Bahamas	4%
92	Moldova	3.6%
93	Ivory Coast	3.5%
93	Niger	3.5%
93	Mali	3.5%
93	Burkina Faso	3.5%
93	Senegal	3.5%
93	Guinea	3.5%
93	Benin	3.5%
93	Togo	3.5%
93	Liberia	3.5%
93	Guinea-Bissau	3.5%
93	Trinidad and Tobago	3.5%
104	Bulgaria	3.43%
105	Canada	3.25%
106	China	3.1%
107	Bolivia	3.09%
108	Germany	3%
108	France	3%
108	Italy	3%
108	South Korea	3%
108	Algeria	3%
108	Spain	3%
108	Malaysia	3%
108	Netherlands	3%
108	Belgium	3%
108	Portugal	3%
108	Greece	3%
108	Austria	3%
108	Finland	3%
108	Slovakia	3%
108	Ireland	3%
108	Croatia	3%
108	Lithuania	3%
108	Slovenia	3%
108	Latvia	3%
108	Cyprus	3%
108	Estonia	3%
108	Luxembourg	3%
108	Malta	3%
108	Saint Lucia	3%
108	Grenada	3%
108	Saint Vincent and the Grenadines	3%
108	Antigua and Barbuda	3%
108	Dominica	3%
108	Saint Kitts and Nevis	3%
108	Anguilla	3%
108	Montserrat	3%
139	Albania	2.75%
140	Denmark	2.6%
141	Morocco	2.5%
141	Sweden	2.5%
143	Thailand	2.25%
144	Taiwan	2%
144	Barbados	2%
146	Botswana	1.9%
147	Seychelles	1.75%
148	Cape Verde	1.5%
149	Switzerland	0.5%
150	Samoa	0.37%
151	Japan	0.25%
151	Fiji	0.25%

What correlates with Interest Rate (2024)?

Pearson r against 1,458 other country metrics sharing at least 92 countries. Ranks are read by standing: a better rank counts as higher, whether rank 1 is the best place on a list or the worst. Correlation is not causation.

Higher together

Places that have a higher Interest Rate tend to score higher on these (or rank better)

Inflation, Consumer Prices (%)Economic Indicators by Country (World Bank)
r = +0.72 · very strong · n = 136
Plot
Prime Lending RateCommercial Bank Prime Lending Rate by Country
r = +0.72 · very strong · n = 132
Plot
Misery IndexWorst Countries to Live in
r = +0.68 · strong · n = 142
Plot
Inflation RateInflation Rate by Country
r = +0.64 · strong · n = 122
Plot
Avg Inflation Rate 2017 - 2021Inflation Rate by Country
r = +0.54 · strong · n = 104
Plot
EconomyFailed States
r = +0.42 · moderate · n = 141
Plot

Opposite directions

Places that have a higher Interest Rate tend to score lower on these (or rank worse)

EFW Score (Fraser)Capitalist Countries
r = −0.57 · strong · n = 135
Plot
Economic Freedom ScoreFreest Countries
r = −0.57 · strong · n = 134
Plot
GII Institutions RankMost Innovative CountriesA rank: rank 1 is the best
r = −0.51 · strong · n = 117
Plot
% w/ Safe WaterAccess to Clean Water by Country
r = −0.46 · moderate · n = 98
Plot
% of Population with Access to Safely Managed WaterCountries Without Clean Water
r = −0.46 · moderate · n = 100
Plot
WJP RoLI Fundamental Rights ScoreWorld Justice Project (WJP) Rule of Law Index
r = −0.45 · moderate · n = 124
Plot

Quick answers

Which country has the highest Interest Rate?: Turkey has the highest Interest Rate in 2024, at 47.5%, followed by Zimbabwe (35.0%) and Argentina (32.0%).
Which country has the lowest Interest Rate?: Fiji has the lowest Interest Rate in 2024, at 0.25%.
What is the median Interest Rate across countries?: The median is 4.75% across the 152 countries with data in 2024.
Where does this countries with negative interest rates data come from?: Rankodex compiles it from World Population Review and the primary sources it cites: Mapped: Interest Rates by Country in 2022.

Higher together

Opposite directions

Quick answers

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