Deposit interest rate — all countries

Deposit interest rate — Palestine

Deposit interest rate in Palestine in 2021 — 2.24%. Ranked 53 in the world out of 110. Since 2004, the indicator has risen by 1.16 pp.

2021 2.24% −0.19 pp vs 2020
World rank 53of 110
Period maximum 3.02%2007
Period minimum 0.29%2010

Trend over time

2004–2021 · % per annum

Deposit interest rate — Palestine, 2004–20210123420042006200820102012201420162018202020212004: 1.08%2005: 2.24%2006: 2.97%2007: 3.02%2008: 0.81%2009: 0.4%2010: 0.29%2011: 0.53%2012: 0.46%2013: 0.62%2014: 0.83%2015: 0.94%2016: 1.01%2017: 1.39%2018: 2.27%2019: 2.85%2020: 2.43%2021: 2.24%
Change over the period: +1.16 pp Annual average: 0.07 pp
Deposit interest rate — Palestine, by year Palestine All countries CSV XLSX
Year % Change, pp
2021 2.24 −0.19 pp
2020 2.43 −0.42 pp
2019 2.85 +0.59 pp
2018 2.27 +0.87 pp
2017 1.39 +0.38 pp
2016 1.01 +0.08 pp
2015 0.94 +0.11 pp
2014 0.83 +0.2 pp
2013 0.62 +0.17 pp
2012 0.46 −0.07 pp
2011 0.53 +0.24 pp
2010 0.29 −0.11 pp
2009 0.4 −0.4 pp
2008 0.81 −2.21 pp
2007 3.02 +0.04 pp
2006 2.97 +0.73 pp
2005 2.24 +1.16 pp
2004 1.08

About the indicator

The average rate banks pay on time deposits of residents. Set against inflation it shows whether savings keep their purchasing power: if the deposit rate is below inflation, the real return on deposits is negative.

Important: There are no aggregates for country groups: the correct weight is the volume of deposits, and we have no such series. Adding rates without weights is meaningless: the rate of a country with a tiny banking system would weigh as much as that of a large one.

Source: World Economic Outlook (IMF), license IMF open data.