Real interest rate — all countries

Real interest rate — Zambia

Real interest rate in Zambia in 2020 — -3.89%. Ranked 108 in the world out of 112. Since 1978, the indicator has risen by 0.04 pp.

2020 -3.89% −6.36 pp vs 2019
World rank 108of 112
Period maximum 23.67%1996
Period minimum -41.79%1992

Trend over time

1978–2020 · % per annum

Real interest rate — Zambia, 1978–2020-60-40-20020401978198319881993199820032008201320181978: -3.93%1979: -10.51%1980: -2.02%1981: 2.18%1982: 3.17%1983: -4.75%1984: -3.2%1985: -15.97%1986: -30%1987: -25.19%1988: -11.97%1989: -34.55%1990: -34.54%1991: -25.77%1992: -41.79%1993: -12.46%1994: -5.63%1995: 11.42%1996: 23.67%1997: 16.98%1998: 12.74%1999: 19.16%2000: 4.66%2001: 16.68%2002: 21.62%2003: 19.53%2004: 9.2%2005: 9.91%2006: 7.52%2007: 5.24%2008: 7.61%2009: 15.63%2010: 6.11%2011: 6.96%2012: 4.82%2013: -0.19%2014: 5.82%2015: 6.18%2016: 1.69%2017: 2.09%2018: 2.22%2019: 2.47%2020: -3.89%
Change over the period: +0.04 pp Annual average: 0 pp
Real interest rate — Zambia, by year Zambia All countries CSV XLSX
Year % Change, pp
2020 -3.89 −6.36 pp
2019 2.47 +0.25 pp
2018 2.22 +0.12 pp
2017 2.09 +0.4 pp
2016 1.69 −4.49 pp
2015 6.18 +0.36 pp
2014 5.82 +6.01 pp
2013 -0.19 −5.01 pp
2012 4.82 −2.14 pp
2011 6.96 +0.84 pp
2010 6.11 −9.52 pp
2009 15.63 +8.02 pp
2008 7.61 +2.37 pp
2007 5.24 −2.28 pp
2006 7.52 −2.39 pp
2005 9.91 +0.71 pp
2004 9.2 −10.33 pp
2003 19.53 −2.09 pp
2002 21.62 +4.94 pp
2001 16.68 +12.01 pp
2000 4.66 −14.49 pp
1999 19.16 +6.42 pp
1998 12.74 −4.24 pp
1997 16.98 −6.69 pp
1996 23.67 +12.25 pp
1995 11.42 +17.06 pp
1994 -5.63 +6.82 pp
1993 -12.46 +29.33 pp
1992 -41.79 −16.02 pp
1991 -25.77 +8.77 pp
1990 -34.54 +0.01 pp
1989 -34.55 −22.58 pp
1988 -11.97 +13.22 pp
1987 -25.19 +4.8 pp
1986 -30 −14.03 pp
1985 -15.97 −12.76 pp
1984 -3.2 +1.54 pp
1983 -4.75 −7.91 pp
1982 3.17 +0.98 pp
1981 2.18 +4.21 pp
1980 -2.02 +8.48 pp
1979 -10.51 −6.57 pp
1978 -3.93

About the indicator

The lending interest rate adjusted for inflation by the GDP deflator. It shows the real cost of borrowed funds for the economy. Negative values mean that inflation erodes debt faster than interest accrues on it — a situation that favors borrowers and works against lenders and depositors.

Important: There are no aggregates for country groups: a weight by the volume of credit is needed, and we do not have it. The rate is already net of inflation, so negative values are normal — they mean borrowing costs less than inflation erodes.

Source: World Economic Outlook (IMF), license IMF open data.