Country rankings
Interest Rates by Country
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%).
Year 2024152 of 235 countries
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% | 14.4% |
| 2 |  Zimbabwe | 35.0% | 183.3% |
| 3 |  Argentina | 32.0% | 40.9% |
| 4 |  Nigeria | 27.5% | 14.0% |
| 5 |  Egypt | 27.3% | 13.7% |
| 6 |  Ghana | 27.0% | 9.7% |
| 7 |  Malawi | 26.0% | 9.65% |
| 8 |  DR Congo | 25.0% | 18.1% |
| 9 |  Sierra Leone | 24.8% | 14.8% |
| 10 |  Iran | 23.0% | 30.1% |
| 11 |  Russia | 21.0% | 4.07% |
| 12 |  Lebanon | 20.0% | 39.6% |
| 13 |  Angola | 18.0% | 22.6% |
| 14 |  Gambia | 17.0% | 6.93% |
| 15 |  Kazakhstan | 15.3% | 6.61% |
| 16 |  South Sudan | 15.0% | 73.9% |
| 17 |  Zambia | 14.0% | 12.3% |
| 18 |  Ukraine | 13.5% | 9.11% |
| 18 |  Uzbekistan | 13.5% | 14.0% |
| 20 |  Pakistan | 13.0% | 6.89% |
| 21 |  Mozambique | 12.8% | 6.22% |
| 22 |  Brazil | 12.3% | 4.35% |
| 23 |  Kenya | 11.3% | 5.81% |
| 24 |  Mexico | 10.0% | 4.67% |
| 24 |  Mongolia | 10.0% | 5.5% |
| 24 |  Suriname | 10.0% | 24.5% |
| 27 |  Uganda | 9.75% | 3.11% |
| 27 |  Belarus | 9.75% | 6.25% |
| 29 |  Colombia | 9.5% | 3.36% |
| 30 |  Tajikistan | 9% | 7.1% |
| 30 |  Kyrgyzstan | 9% | 5.03% |
| 32 |  Uruguay | 8.75% | 7.8% |
| 33 |  Iceland | 8.5% | 2.91% |
| 34 |  Sri Lanka | 8% | 4.97% |
| 34 |  Tunisia | 8% | 6.14% |
| 34 |  Georgia | 8% | 5.59% |
| 37 |  South Africa | 7.75% | 4.34% |
| 38 |  Lesotho | 7.5% | 5.04% |
| 39 |  Azerbaijan | 7.25% | 5.02% |
| 40 |  Namibia | 7% | 4.08% |
| 40 |  Armenia | 7% | 2.62% |
| 40 |  Eswatini | 7% | 4.36% |
| 43 |  India | 6.5% | 4.7% |
| 43 |  Bangladesh | 6.5% | 5.58% |
| 43 |  Romania | 6.5% | 3.35% |
| 43 |  Rwanda | 6.5% | 3.75% |
| 43 |  Jordan | 6.5% | 2.16% |
| 43 |  Hungary | 6.5% | 3.3% |
| 43 |  Nicaragua | 6.5% | 4.4% |
| 50 |  Afghanistan | 6% | 3.38% |
| 50 |  Paraguay | 6% | 3.12% |
| 50 |  Jamaica | 6% | 4.57% |
| 53 |  North Macedonia | 5.8% | 1.58% |
| 54 |  Indonesia | 5.75% | 2.7% |
| 54 |  Philippines | 5.75% | 3.5% |
| 54 |  Poland | 5.75% | 2.74% |
| 54 |  Dominican Republic | 5.75% | 4.05% |
| 54 |  Honduras | 5.75% | 4.14% |
| 54 |  Serbia | 5.75% | 2.31% |
| 60 |  Saudi Arabia | 5% | 1.24% |
| 60 |  Cameroon | 5% | — |
| 60 |  Chad | 5% | — |
| 60 |  Chile | 5% | 2.8% |
| 60 |  Burundi | 5% | — |
| 60 |  Republic of the Congo | 5% | — |
| 60 |  Central African Republic | 5% | — |
| 60 |  Oman | 5% | 0.94% |
| 60 |  Gabon | 5% | — |
| 60 |  Equatorial Guinea | 5% | — |
| 60 |  Bahrain | 5% | 0.63% |
| 60 |  Sao Tome and Principe | 5% | — |
| 72 |  Qatar | 4.85% | -0.04% |
| 73 |  United Kingdom | 4.75% | 2% |
| 73 |  Peru | 4.75% | 2.25% |
| 73 |  Hong Kong | 4.75% | 1.79% |
| 73 |  Curacao | 4.75% | — |
| 73 |  Sint Maarten | 4.75% | — |
| 78 |  United States | 4.5% | 2.46% |
| 78 |  Vietnam | 4.5% | 3.02% |
| 78 |  Guatemala | 4.5% | 3.97% |
| 78 |  Israel | 4.5% | 0.55% |
| 78 |  Norway | 4.5% | 2.14% |
| 83 |  United Arab Emirates | 4.4% | 0.61% |
| 84 |  Australia | 4.35% | 1.78% |
| 85 |  New Zealand | 4.25% | 1.95% |
| 86 |  Papua New Guinea | 4% | 4.46% |
| 86 |  Czechia | 4% | 2.67% |
| 86 |  Costa Rica | 4% | 1.6% |
| 86 |  Kuwait | 4% | 1.69% |
| 86 |  Mauritius | 4% | 3.01% |
| 86 |  Bahamas | 4% | 1.86% |
| 92 |  Moldova | 3.6% | 4.34% |
| 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% | 1.11% |
| 104 |  Bulgaria | 3.43% | 1.92% |
| 105 |  Canada | 3.25% | 1.94% |
| 106 |  China | 3.1% | 2% |
| 107 |  Bolivia | 3.09% | 1.83% |
| 108 |  Germany | 3% | — |
| 108 |  France | 3% | — |
| 108 |  Italy | 3% | — |
| 108 |  South Korea | 3% | 1.31% |
| 108 |  Algeria | 3% | 4.14% |
| 108 |  Spain | 3% | — |
| 108 |  Malaysia | 3% | 1.36% |
| 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% | 1.78% |
| 140 |  Denmark | 2.6% | 0.85% |
| 141 |  Morocco | 2.5% | 0.92% |
| 141 |  Sweden | 2.5% | 1.66% |
| 143 |  Thailand | 2.25% | 0.49% |
| 144 |  Taiwan | 2% | 0.91% |
| 144 |  Barbados | 2% | 3.51% |
| 146 |  Botswana | 1.9% | 3.4% |
| 147 |  Seychelles | 1.75% | 3.91% |
| 148 |  Cape Verde | 1.5% | 1.05% |
| 149 |  Switzerland | 0.5% | 0.31% |
| 150 |  Samoa | 0.37% | 1.13% |
| 151 |  Japan | 0.25% | 0.35% |
| 151 |  Fiji | 0.25% | 1.54% |
What correlates with Interest Rate (2024)?
Pearson r against 1,457 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)Plotr = +0.72 · very strong · n = 136
- Plot
- Plot
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- Plot
- Fragile States IndexPlotr = +0.40 · moderate · n = 142
Opposite directions
Places that have a higher Interest Rate tend to score lower on these (or rank worse)
- Plot
- Plot
- GII Institutions RankMost Innovative CountriesA rank: rank 1 is the bestPlotr = +0.51 · strong · n = 117
- Plot
- % of Population with Access to Safely Managed WaterCountries Without Clean WaterPlotr = −0.46 · moderate · n = 100
- WJP RoLI Fundamental Rights ScoreWorld Justice Project (WJP) Rule of Law IndexPlotr = −0.45 · moderate · n = 124
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 interest rates by country data come from?
- Rankodex compiles it from World Population Review and the primary sources it cites: Interest Rate - Trading Economics; List of sovereign states by central bank interest rates - Wiki; Inflation, consumer prices - World Bank; Report for Selected Countries and Subjects - IMF.