Deposit interest rate — all countries

Deposit interest rate — Venezuela

Deposit interest rate in Venezuela in 2017 — 14.73%. Ranked 6 in the world out of 129. Since 1984, the indicator has risen by 2.44 pp.

2017 14.73% −0.35 pp vs 2016
World rank 6of 129
Period maximum 53.75%1993
Period minimum 8.93%1986

Trend over time

1984–2017 · % per annum

Deposit interest rate — Venezuela, 1984–201702040601984198819921996200020042008201220161984: 12.29%1985: 10.52%1986: 8.93%1987: 8.94%1988: 8.95%1989: 28.91%1990: 27.82%1991: 31.1%1992: 35.43%1993: 53.75%1994: 39.02%1995: 24.72%1996: 27.58%1997: 14.7%1998: 34.84%1999: 21.28%2000: 16.3%2001: 15.51%2002: 29%2003: 17.21%2004: 12.6%2005: 11.63%2006: 10.26%2007: 10.71%2008: 16.15%2009: 16.41%2010: 14.8%2011: 14.59%2012: 14.51%2013: 14.5%2014: 14.68%2015: 14.89%2016: 15.09%2017: 14.73%
Change over the period: +2.44 pp Annual average: 0.07 pp
Deposit interest rate — Venezuela, by year Venezuela All countries CSV XLSX
Year % Change, pp
2017 14.73 −0.35 pp
2016 15.09 +0.2 pp
2015 14.89 +0.21 pp
2014 14.68 +0.18 pp
2013 14.5 −0.01 pp
2012 14.51 −0.08 pp
2011 14.59 −0.21 pp
2010 14.8 −1.61 pp
2009 16.41 +0.26 pp
2008 16.15 +5.45 pp
2007 10.71 +0.44 pp
2006 10.26 −1.36 pp
2005 11.63 −0.97 pp
2004 12.6 −4.61 pp
2003 17.21 −11.79 pp
2002 29 +13.49 pp
2001 15.51 −0.79 pp
2000 16.3 −4.98 pp
1999 21.28 −13.56 pp
1998 34.84 +20.15 pp
1997 14.7 −12.88 pp
1996 27.58 +2.86 pp
1995 24.72 −14.3 pp
1994 39.02 −14.72 pp
1993 53.75 +18.31 pp
1992 35.43 +4.33 pp
1991 31.1 +3.28 pp
1990 27.82 −1.09 pp
1989 28.91 +19.96 pp
1988 8.95 +0.01 pp
1987 8.94 +0.02 pp
1986 8.93 −1.59 pp
1985 10.52 −1.77 pp
1984 12.29

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.