The average rate at which banks lend to businesses and households.
The ranking uses the latest available value for each country — the year is shown in the row. The table spans 1988 to 2025.
Top-20 · % per annum
The scale does not start at zero — the values lie in a narrow range, and starting from zero the bars would be indistinguishable. The axis ticks are labeled.
| # | Year | Subregion | World rank | ||
|---|---|---|---|---|---|
| 1 |
Madagascar
|
60 | 2025 | 148 | |
| 2 |
Zimbabwe
|
46.36 | 2025 | 147 | |
| 3 |
Argentina
|
46.02 | 2025 | 146 | |
| 4 |
Brazil
|
45.33 | 2025 | 145 | |
| 5 |
Malawi
|
37.06 | 2024 | 144 | |
| 6 |
Somalia
|
33.67 | 1988 | 143 | |
| 7 |
Egypt
|
24.29 | 2024 | 142 | |
| 8 |
Tajikistan
|
23.55 | 2019 | 141 | |
| 9 |
Democratic Republic of the Congo
|
23.29 | 2021 | 140 | |
| 10 |
Uzbekistan
|
23.13 | 2024 | 139 | |
| 11 |
Laos
|
22.61 | 2010 | 138 | |
| 12 |
Yemen
|
22.08 | 2013 | 137 | |
| 13 |
Gambia
|
22 | 2025 | 136 | |
| 14 |
Sierra Leone
|
21.44 | 2025 | 135 | |
| 15 |
Venezuela
|
21.06 | 2017 | 134 | |
| 16 |
Uganda
|
19.85 | 2018 | 133 | |
| 17 |
Kyrgyzstan
|
19.78 | 2024 | 132 | |
| 18 |
Ukraine
|
19.7 | 2025 | 131 | |
| 19 |
Angola
|
19.37 | 2025 | 130 | |
| 20 |
Honduras
|
18.58 | 2025 | 129 | |
| 21 |
Iran
|
18 | 2016 | 128 | |
| 22 |
Sao Tome and Principe
|
17.84 | 2024 | 127 | |
| 23 |
Mozambique
|
17.53 | 2025 | 126 | |
| 24 |
Russia
|
17.09 | 2024 | 125 | |
| 25 |
Mauritania
|
17 | 2017 | 124 | |
| 26 |
Tanzania
|
16.68 | 2020 | 123 | |
| 27 |
Kenya
|
16.59 | 2024 | 122 | |
| 28 |
Rwanda
|
16.02 | 2024 | 121 | |
| 29 |
Mongolia
|
16.01 | 2021 | 120 | |
| 30 |
Georgia
|
15.79 | 2025 | 119 | |
| 31 |
Azerbaijan
|
15.34 | 2025 | 118 | |
| 32 |
Dominican Republic
|
15.25 | 2024 | 117 | |
| 33 |
Afghanistan
|
14.84 | 2017 | 116 | |
| 34 |
Myanmar
|
14.83 | 2020 | 115 | |
| 35 |
Suriname
|
14.5 | 2025 | 114 | |
| 36 |
Colombia
|
14.31 | 2025 | 113 | |
| 37 |
South Sudan
|
14.29 | 2025 | 112 | |
| 38 |
Nigeria
|
14.01 | 2023 | 111 | |
| 39 |
Armenia
|
13.78 | 2025 | 110 | |
| 40 |
Liberia
|
13.25 | 2017 | 109 | |
| 41 |
Haiti
|
13.01 | 2025 | 108 | |
| 42 |
Guinea
|
12.88 | 2001 | 107 | |
| 43 |
Guatemala
|
12.85 | 2025 | 106 | |
| 44 |
Micronesia
|
12.62 | 2021 | 105 | |
| 45 |
Peru
|
12.6 | 2022 | 104 | |
| 46 |
Paraguay
|
12.51 | 2021 | 103 | |
| 47 |
Burundi
|
12.37 | 2025 | 102 | |
| 48 |
Iraq
|
12.29 | 2015 | 101 | |
| 49 |
Jamaica
|
12.14 | 2025 | 100 | |
| 50 |
Bhutan
|
11.76 | 2025 | 99 | |
| 51 |
Maldives
|
11.63 | 2025 | 98 | |
| 52 |
Sri Lanka
|
11.24 | 2019 | 97 | |
| 53 |
Lesotho
|
11.21 | 2024 | 96 | |
| 54 |
Iceland
|
11.01 | 2025 | 95 | |
| 55 |
Namibia
|
10.96 | 2024 | 94 | |
| 56 |
Belarus
|
10.95 | 2025 | 93 | |
| 57 |
Eswatini
|
10.88 | 2024 | 92 | |
| 58 |
South Africa
|
10.69 | 2025 | 91 | |
| 59 |
Lebanon
|
10.51 | 2019 | 90 | |
| 60 |
Timor-Leste
|
10.41 | 2025 | 89 | |
| 61 |
Bolivia
|
10.19 | 2025 | 88 | |
| 62 |
Uruguay
|
10.06 | 2025 | 87 | |
| 63 |
Seychelles
|
9.85 | 2025 | 86 | |
| 64 |
Zambia
|
9.48 | 2020 | 85 | |
| 65 |
Vietnam
|
9.32 | 2023 | 84 | |
| 66 |
Nicaragua
|
9.16 | 2025 | 83 | |
| 67 |
Mauritius
|
9 | 2025 | 82 | |
| 68 |
Moldova
|
8.99 | 2025 | 81 | |
| 69 |
Mexico
|
8.79 | 2025 | 80 | |
| 70 |
Pakistan
|
8.67 | 2021 | 79 | |
| 71 |
Bangladesh
|
8.62 | 2025 | 78 | |
| 72 |
Croatia
|
8.58 | 2014 | 77 | |
| 73 |
India
|
8.57 | 2022 | 76 | |
| 74 |
Romania
|
8.52 | 2025 | 75 | |
| 75 |
Indonesia
|
8.5 | 2025 | 74 | |
| 76 |
Belize
|
8.48 | 2025 | 73 | |
| 77 |
Vanuatu
|
8.45 | 2025 | 72 | |
| 78 |
Samoa
|
8.39 | 2025 | 71 | |
| 79 |
Papua New Guinea
|
8.29 | 2024 | 70 | |
| 80 |
Guyana
|
8.23 | 2025 | 69 | |
| 81 |
Jordan
|
8.1 | 2025 | 68 | |
| 82 |
Barbados
|
8.05 | 2022 | 67 | |
| 83 |
Comoros
|
8.03 | 2022 | 66 | |
| 84 |
Hungary
|
8.01 | 2025 | 65 | |
| 85 |
Algeria
|
8 | 2025 | 63 | |
| 86 |
Ethiopia
|
8 | 2008 | 63 | |
| 87 |
Cabo Verde
|
7.75 | 2025 | 62 | |
| 88 |
Tonga
|
7.56 | 2025 | 61 | |
| 89 |
Trinidad and Tobago
|
7.5 | 2024 | 60 | |
| 90 |
Philippines
|
7.1 | 2019 | 59 | |
| 91 |
Saint Vincent and the Grenadines
|
7.06 | 2025 | 58 | |
| 92 |
Panama
|
6.91 | 2022 | 57 | |
| 93 |
Costa Rica
|
6.88 | 2025 | 56 | |
| 94 |
Grenada
|
6.86 | 2025 | 55 | |
| 95 |
Kosovo
|
6.65 | 2018 | 54 | |
| 96 |
Saint Kitts and Nevis
|
6.52 | 2025 | 53 | |
| 97 |
Albania
|
6.44 | 2024 | 52 | |
| 98 |
Antigua and Barbuda
|
6.39 | 2025 | 51 | |
| 99 |
Montenegro
|
6.32 | 2025 | 50 | |
| 100 |
Botswana
|
6.26 | 2024 | 49 | |
| 101 |
Saint Lucia
|
6.25 | 2025 | 48 | |
| 102 |
Benin
|
6.25 | 2021 | 46 | |
| 103 |
Burkina Faso
|
6.25 | 2021 | 46 | |
| 104 |
Libya
|
6 | 2014 | 45 | |
| 105 |
Norway
|
5.88 | 2025 | 44 | |
| 106 |
Aruba
|
5.8 | 2023 | 43 | |
| 107 |
Dominica
|
5.77 | 2025 | 42 | |
| 108 |
Palestine
|
5.56 | 2021 | 41 | |
| 109 |
Brunei Darussalam
|
5.5 | 2025 | 40 | |
| 110 |
Oman
|
5.5 | 2021 | 39 | |
| 111 |
Macao
|
5.45 | 2025 | 38 | |
| 112 |
North Macedonia
|
5.42 | 2025 | 37 | |
| 113 |
Côte d'Ivoire
|
5.3 | 2016 | 31 | |
| 114 |
Guinea-Bissau
|
5.3 | 2016 | 31 | |
| 115 |
Mali
|
5.3 | 2016 | 31 | |
| 116 |
Niger
|
5.3 | 2016 | 31 | |
| 117 |
Senegal
|
5.3 | 2016 | 31 | |
| 118 |
Togo
|
5.3 | 2016 | 31 | |
| 119 |
Singapore
|
5.25 | 2021 | 30 | |
| 120 |
Hong Kong
|
5.18 | 2025 | 29 | |
| 121 |
Solomon Islands
|
5.18 | 2021 | 28 | |
| 122 |
Bahrain
|
5.16 | 2015 | 27 | |
| 123 |
Australia
|
5.1 | 2019 | 26 | |
| 124 |
Kuwait
|
5.03 | 2025 | 25 | |
| 125 |
Malaysia
|
4.82 | 2025 | 24 | |
| 126 |
New Zealand
|
4.76 | 2017 | 23 | |
| 127 |
Serbia
|
4.76 | 2010 | 22 | |
| 128 |
Qatar
|
4.75 | 2025 | 21 | |
| 129 |
Malta
|
4.71 | 2013 | 20 | |
| 130 |
Czechia
|
4.67 | 2025 | 19 | |
| 131 |
San Marino
|
4.62 | 2025 | 18 | |
| 132 |
Fiji
|
4.56 | 2024 | 17 | |
| 133 |
China
|
4.35 | 2024 | 16 | |
| 134 |
Bahamas
|
4.25 | 2025 | 15 | |
| 135 |
Bulgaria
|
4.24 | 2025 | 14 | |
| 136 |
Bosnia and Herzegovina
|
4.22 | 2025 | 13 | |
| 137 |
South Korea
|
4.19 | 2025 | 12 | |
| 138 |
Chile
|
4.18 | 2018 | 11 | |
| 139 |
Italy
|
4.07 | 2025 | 10 | |
| 140 |
Thailand
|
3.94 | 2025 | 9 | |
| 141 |
Sweden
|
3.68 | 2006 | 8 | |
| 142 |
United States
|
3.25 | 2021 | 7 | |
| 143 |
Switzerland
|
2.98 | 2024 | 6 | |
| 144 |
Israel
|
2.96 | 2022 | 5 | |
| 145 |
Canada
|
2.7 | 2017 | 4 | |
| 146 |
Netherlands
|
1.5 | 2013 | 3 | |
| 147 |
Japan
|
0.99 | 2017 | 2 | |
| 148 |
United Kingdom
|
0.5 | 2014 | 1 |
The average rate at which banks extend short- and medium-term credit to the private sector. The methodology differs across countries — different maturities, types of borrower, collateral — so levels are not strictly comparable; the movement within a country, on the other hand, is telling and tracks the decisions of the central bank closely.
Important: There are no aggregates for country groups: rates can only be averaged by the volume of credit, and we have no such series. The difference between the lending and the deposit rate is the interest spread, an indirect measure of the efficiency of a banking system.
The average rate banks pay on deposits.
Finance 1961–2025 Real interest rateThe lending rate less inflation — the true cost of borrowed money.
Economy 1960–2025 Consumer price inflationThe annual change in the consumer price index, in percent.
Finance 1960–2025 Credit to the private sectorThe volume of bank lending to businesses and households as a percent of GDP.