Deposit interest rate in Somalia in 1989 — 25%. Ranked 12 in the world out of 73. Since 1969, the indicator has risen by 23 pp.
1969–1989 · % per annum
| Year | % | Change, pp |
|---|---|---|
| 1989 | 25 | +4.38 pp |
| 1988 | 20.63 | +4.38 pp |
| 1987 | 16.25 | +0.94 pp |
| 1986 | 15.31 | +1.31 pp |
| 1985 | 14 | +5.5 pp |
| 1984 | 8.5 | +0 pp |
| 1983 | 8.5 | +1 pp |
| 1982 | 7.5 | +2 pp |
| 1981 | 5.5 | +1 pp |
| 1980 | 4.5 | +0.46 pp |
| 1979 | 4.04 | +0.04 pp |
| 1978 | 4 | +0 pp |
| 1977 | 4 | +0 pp |
| 1976 | 4 | +0 pp |
| 1975 | 4 | +1.5 pp |
| 1974 | 2.5 | +0.04 pp |
| 1973 | 2.46 | +0.46 pp |
| 1972 | 2 | +0 pp |
| 1971 | 2 | +0 pp |
| 1970 | 2 | +0 pp |
| 1969 | 2 | — |
The same indicator for neighboring countries — with links to their pages
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.
The average rate at which banks lend to businesses and households.
Finance Real interest rateThe lending rate less inflation — the true cost of borrowed money.
Finance Current account balanceThe balance of a country's external transactions as a percent of GDP: surplus or deficit.
Finance Broad money (% of GDP)The amount of money in the economy as a percent of GDP — the depth of the financial system.
