Nigeria—Real Interest Rate (%)
Category: Fiscal & MonetarySource: World Bank World Development Indicators ↗Global Rank: #72 of 112Updated April 2026
Latest Value
2.9%
2023
YoY Change
-27.5%
2022 → 2023
Global Rank
#72
of 112 countries
Maximum
18.2%
2009
Minimum
-25.8%
2019
Last
2.9%
Previous
4.0%
Highest
18.2%
Lowest
-25.8%
Source
World Bank World Development Indicators
Nigeria's real interest rate (%) was 2.9% in 2023, ranking #72 out of 112 countries. This represents a -27.5% change from 2022. Over the past 24 years, the highest recorded value was 18.2% (2009) and the lowest was -25.8% (2019). Data sourced from the World Bank World Development Indicators.
Source: World Bank World Development Indicators
Historical Data
| Year | Value | Change |
|---|---|---|
| 2023 | 2.9% | -27.5% |
| 2022 | 4.0% | +487.4% |
| 2021 | -1.0% | -147.7% |
| 2020 | 2.1% | +108.3% |
| 2019 | -25.8% | -525.6% |
| 2018 | 6.1% | +4.6% |
| 2017 | 5.8% | -13.4% |
| 2016 | 6.7% | -50.8% |
| 2015 | 13.6% | +19.7% |
| 2014 | 11.4% | +1.4% |
| 2013 | 11.2% | +80.0% |
| 2012 | 6.2% | +9.5% |
| 2011 | 5.7% | +432.5% |
| 2010 | 1.1% | -94.1% |
| 2009 | 18.2% | +172.0% |
| 2008 | 6.7% | -27.2% |
| 2007 | 9.2% | +263.2% |
| 2006 | -5.6% | -253.1% |
| 2005 | -1.6% | +38.8% |
| 2004 | -2.6% | -126.2% |
| 2003 | 9.9% | +228.6% |
| 2002 | 3.0% | -75.1% |
| 2001 | 12.1% | +1164.0% |
| 2000 | -1.1% |
Top Countries — Real Interest Rate (%)
| # | Country | Value | Year |
|---|---|---|---|
| 1 | Madagascar | 42.9% | 2023 |
| 2 | Brazil | 34.7% | 2024 |
| 3 | Azerbaijan | 16.3% | 2024 |
| 4 | Kyrgyz Republic | 14.4% | 2024 |
| 5 | Mozambique | 14.3% | 2024 |
| 6 | Papua New Guinea | 13.3% | 2023 |
| 7 | Timor-Leste | 12.1% | 2024 |
| 8 | Rwanda | 11.8% | 2024 |
| 9 | Armenia | 11.6% | 2024 |
| 10 | Seychelles | 10.6% | 2024 |