Deposit interest rate — all countries

Deposit interest rate — Zambia

Deposit interest rate in Zambia in 2020 — 8.72%. Ranked 8 in the world out of 113. Since 1978, the indicator has risen by 2.47 pp.

2020 8.72% +0.43 pp vs 2019
World rank 8of 113
Period maximum 88.13%1993
Period minimum 6%1982

Trend over time

1978–2020 · % per annum

Deposit interest rate — Zambia, 1978–202002550751001978198319881993199820032008201320181978: 6.25%1979: 6.75%1980: 7%1981: 6.17%1982: 6%1983: 7%1984: 7.71%1985: 15.33%1986: 17.74%1987: 13.23%1988: 11.44%1989: 11.44%1990: 25.65%1991: 31.5%1992: 48.5%1993: 88.13%1994: 46.14%1995: 30.24%1996: 42.13%1997: 34.48%1998: 13.08%1999: 20.27%2000: 20.24%2001: 23.41%2002: 23.33%2003: 21.95%2004: 11.51%2005: 11.19%2006: 10.33%2007: 9.22%2008: 6.55%2009: 7.09%2010: 7.4%2011: 7.02%2012: 7%2013: 6.49%2014: 7.88%2015: 8.99%2016: 10.78%2017: 8.89%2018: 6.8%2019: 8.29%2020: 8.72%
Change over the period: +2.47 pp Annual average: 0.06 pp
Deposit interest rate — Zambia, by year Zambia All countries CSV XLSX
Year % Change, pp
2020 8.72 +0.43 pp
2019 8.29 +1.49 pp
2018 6.8 −2.09 pp
2017 8.89 −1.9 pp
2016 10.78 +1.79 pp
2015 8.99 +1.12 pp
2014 7.88 +1.39 pp
2013 6.49 −0.51 pp
2012 7 −0.02 pp
2011 7.02 −0.38 pp
2010 7.4 +0.31 pp
2009 7.09 +0.54 pp
2008 6.55 −2.67 pp
2007 9.22 −1.11 pp
2006 10.33 −0.86 pp
2005 11.19 −0.32 pp
2004 11.51 −10.44 pp
2003 21.95 −1.38 pp
2002 23.33 −0.08 pp
2001 23.41 +3.17 pp
2000 20.24 −0.02 pp
1999 20.27 +7.18 pp
1998 13.08 −21.39 pp
1997 34.48 −7.65 pp
1996 42.13 +11.88 pp
1995 30.24 −15.9 pp
1994 46.14 −41.99 pp
1993 88.13 +39.63 pp
1992 48.5 +17 pp
1991 31.5 +5.85 pp
1990 25.65 +14.21 pp
1989 11.44 +0 pp
1988 11.44 −1.79 pp
1987 13.23 −4.51 pp
1986 17.74 +2.41 pp
1985 15.33 +7.62 pp
1984 7.71 +0.71 pp
1983 7 +1 pp
1982 6 −0.17 pp
1981 6.17 −0.83 pp
1980 7 +0.25 pp
1979 6.75 +0.5 pp
1978 6.25

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.