Lending interest rate in Somalia in 1988 — 33.67%. Ranked 59 in the world out of 66. Since 1975, the indicator has risen by 26.67 pp.
1975–1988 · % per annum
| Year | % | Change, pp |
|---|---|---|
| 1988 | 33.67 | +11.67 pp |
| 1987 | 22 | +1.42 pp |
| 1986 | 20.58 | +1.58 pp |
| 1985 | 19 | +7 pp |
| 1984 | 12 | +0 pp |
| 1983 | 12 | +0.5 pp |
| 1982 | 11.5 | +1.5 pp |
| 1981 | 10 | +2.5 pp |
| 1980 | 7.5 | +0 pp |
| 1979 | 7.5 | +0.5 pp |
| 1978 | 7 | +0 pp |
| 1977 | 7 | +0 pp |
| 1976 | 7 | +0 pp |
| 1975 | 7 | — |
The same indicator for neighboring countries — with links to their pages
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.
Source: World Economic Outlook (IMF), license IMF open data.
