Trinidad and Tobago—Lending Interest Rate (%)
Category: Fiscal & MonetarySource: World Bank World Development IndicatorsGlobal Rank: #73 of 112
Latest Value
7.5%
2024
YoY Change
-0.3%
2023 → 2024
Global Rank
#73
of 112 countries
Maximum
16.5%
2000
Minimum
6.6%
2020
CAGR
-3.2%
25 years
Last
7.5%
Previous
7.5%
Highest
16.5%
Lowest
6.6%
Source
World Bank World Development Indicators
Source: World Bank World Development Indicators
Historical Data
| Year | Value | Change |
|---|---|---|
| 2024 | 7.5% | -0.3% |
| 2023 | 7.5% | +0.4% |
| 2022 | 7.5% | +0.7% |
| 2021 | 7.4% | +13.5% |
| 2020 | 6.6% | -29.1% |
| 2019 | 9.3% | +1.7% |
| 2018 | 9.1% | +1.0% |
| 2017 | 9.0% | +0.0% |
| 2016 | 9.0% | +10.0% |
| 2015 | 8.2% | +9.1% |
| 2014 | 7.5% | +0.0% |
| 2013 | 7.5% | -2.7% |
| 2012 | 7.7% | -3.3% |
| 2011 | 8.0% | -14.1% |
| 2010 | 9.3% | -22.2% |
| 2009 | 11.9% | -4.0% |
| 2008 | 12.4% | +5.9% |
| 2007 | 11.8% | +7.6% |
| 2006 | 10.9% | +19.9% |
| 2005 | 9.1% | -2.2% |
| 2004 | 9.3% | -16.6% |
| 2003 | 11.2% | -10.5% |
| 2002 | 12.5% | -20.3% |
| 2001 | 15.7% | -5.1% |
| 2000 | 16.5% |
Top Countries — Lending Interest Rate (%)
| # | Country | Value | Year |
|---|---|---|---|
| 1 | Zimbabwe | 170.3% | 2023 |
| 2 | Argentina | 61.7% | 2024 |
| 3 | Madagascar | 53.6% | 2023 |
| 4 | Brazil | 40.2% | 2024 |
| 5 | Malawi | 37.1% | 2024 |
| 6 | Egypt, Arab Rep. | 24.3% | 2024 |
| 7 | Congo, Dem. Rep. | 23.3% | 2021 |
| 8 | Uzbekistan | 23.1% | 2024 |
| 9 | Mozambique | 21.7% | 2024 |
| 10 | Gambia, The | 20.8% | 2023 |
About This Indicator
Definition
Lending rate is the bank rate that usually meets the short- and medium-term financing needs of the private sector. This rate is normally differentiated according to creditworthiness of borrowers and objectives of financing. The terms and conditions attached to these rates differ by country, however, limiting their comparability. This indicator is expressed as a percentage (a÷b)*100.
Methodology
Data compiled by International Financial Statistics database, International Monetary Fund (IMF).
Source: World Bank - World Development IndicatorsView original source →