Country rankings

Real Interest Rates by Country

Madagascar has the highest Real Interest Rate in 2023 (41.0%), followed by Brazil (37.2%) and Timor-Leste (35.5%). Zimbabwe has the lowest (-71.9%).

Economics146 countries · 1 metricUpdated Oct 21, 2024Original page
2 sources
Real Interest 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 →
86 of 235 countries
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Real Interest Rate, 2023

Darker means higher. Click a place to highlight it.

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Ranking

Highest first: the first 15 and last 5 of 86 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
3.74%
Middle half 0.1% – 8.07%
Average
4.34%
86 countries
Highest
41.0%
Madagascar
Lowest
-71.9%
Zimbabwe

Over time · 1990–2023

The top 5 in 2023, against the median.

  • Median of all countries
  • Madagascar
  • Brazil
  • Timor-Leste
  • Guyana
  • Azerbaijan

Data

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

86 countries · # = rank by Real Interest Rate
#
1Madagascar41.0%
2Brazil37.2%
3Timor-Leste35.5%
4Guyana26.4%
5Azerbaijan25.5%
6Brunei21.1%
7Norway17.8%
8Trinidad and Tobago17.3%
9Mozambique15.9%
10Kuwait15.6%
11Colombia13.8%
12Lesotho11.2%
13Papua New Guinea11.1%
14Georgia10.8%
15Seychelles10.6%
16Algeria10.5%
17Armenia9.29%
18Costa Rica9.19%
19Uzbekistan8.84%
20Maldives8.56%
21Sao Tome and Principe8.43%
22Uruguay8.18%
23Honduras7.74%
24Dominican Republic7.53%
25Eswatini7.36%
26Malaysia7.32%
27Bhutan7.29%
28Indonesia7.28%
28Vietnam7.28%
30Jordan7.05%
31Bolivia6.83%
32Mexico6.8%
33Guatemala6.71%
34South Africa6.67%
35Kenya6.55%
36Rwanda5.38%
37Iceland5.32%
38Kyrgyzstan5.02%
39China4.91%
40Botswana4.52%
41Russia4.25%
42Namibia4.24%
43Grenada3.94%
44Cape Verde3.53%
45Moldova3.33%
46Malawi3.32%
47South Korea3.06%
48Ukraine3.04%
49Thailand3.03%
50Saint Vincent and the Grenadines3.01%
51Dominica2.98%
52Mauritius2.64%
53Hong Kong2.52%
54Belarus2.42%
55Saint Lucia2.12%
56Switzerland1.82%
57Antigua and Barbuda1.81%
58North Macedonia1.78%
59Albania1.72%
60Nigeria1.23%
61Bangladesh0.63%
62Fiji0.55%
63Saint Kitts and Nevis0.53%
64Hungary0.48%
65Jamaica-0.03%
66Burundi-0.13%
67Italy-0.36%
68Samoa-0.47%
69Macau-0.49%
70Angola-0.62%
71Nicaragua-1.07%
72Bosnia and Herzegovina-1.34%
73Bahamas-1.97%
74Tonga-2.05%
75Vanuatu-2.13%
76Belize-2.22%
77Montenegro-2.49%
78Romania-2.54%
79Bulgaria-2.86%
80Czechia-3.57%
81Egypt-5.64%
82Sierra Leone-12.3%
83Argentina-16.2%
84South Sudan-20.5%
85Suriname-25.0%
86Zimbabwe-71.9%

What correlates with Real Interest Rate (2023)?

Pearson r against 1,404 other country metrics sharing at least 52 countries. Correlation is not causation.

Higher together

Places that have a higher Real Interest Rate tend to score higher on these

  1. Raw Sugar ProductionSugar Producing Countries
    r = +0.30 · weak · n = 52
    Plot
  2. Broadband Cost as % of GNIInternet Cost by Country
    r = +0.28 · weak · n = 80
    Plot
  3. Charcoal ProductionCharcoal Production by Country
    r = +0.26 · weak · n = 73
    Plot
  4. Tiktok UsersTikTok Users by Country
    r = +0.26 · weak · n = 58
    Plot
  5. Economic Freedom ScoreFreest Countries
    r = +0.25 · weak · n = 71
    Plot
  6. EFW Score (Fraser)Capitalist Countries
    r = +0.25 · weak · n = 72
    Plot

Opposite directions

Places that have a higher Real Interest Rate tend to score lower on these

  1. Avg Inflation Rate 2017 - 2021Inflation Rate by Country
    r = −0.82 · very strong · n = 65
    Plot
  2. Interest RateInterest Rates by Country
    r = −0.47 · moderate · n = 74
    Plot
  3. Starvation Death RateStarvation Deaths by Country
    r = −0.28 · weak · n = 84
    Plot
  4. EconomyFailed States
    r = −0.27 · weak · n = 77
    Plot
  5. Inflation RateInflation Rate by Country
    r = −0.26 · weak · n = 73
    Plot
  6. Visa Overstay RateVisa Overstay by Country
    r = −0.26 · weak · n = 82
    Plot

Quick answers

Which country has the highest Real Interest Rate?
Madagascar has the highest Real Interest Rate in 2023, at 41.0%, followed by Brazil (37.2%) and Timor-Leste (35.5%).
Which country has the lowest Real Interest Rate?
Zimbabwe has the lowest Real Interest Rate in 2023, at -71.9%.
What is the median Real Interest Rate across countries?
The median is 3.74% across the 86 countries with data in 2023.
Where does this real interest rates by country data come from?
Rankodex compiles it from World Population Review and the primary sources it cites: Real interest rate (%) - World Bank; Real interest rate (%) - CSV File - World Bank.

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