Russian Federation—Lending Interest Rate (%)
Russian Federation's lending interest rate (%) was 11.6% in 2023, ranking #38 out of 112 countries. This represents a +1.4% change from 2022. Over the past 24 years, the highest recorded value was 24.4% (2000) and the lowest was 6.8% (2020). Data sourced from the World Bank World Development Indicators.
Historical Data
| Year | Value | Change |
|---|---|---|
| 2023 | 11.6% | +1.4% |
| 2022 | 11.5% | +59.6% |
| 2021 | 7.2% | +6.0% |
| 2020 | 6.8% | -22.6% |
| 2019 | 8.8% | -1.3% |
| 2018 | 8.9% | -16.0% |
| 2017 | 10.6% | -16.2% |
| 2016 | 12.6% | -19.8% |
| 2015 | 15.7% | +41.1% |
| 2014 | 11.1% | +17.7% |
| 2013 | 9.5% | +4.0% |
| 2012 | 9.1% | +7.6% |
| 2011 | 8.5% | -21.8% |
| 2010 | 10.8% | -29.3% |
| 2009 | 15.3% | +25.2% |
| 2008 | 12.2% | +21.8% |
| 2007 | 10.0% | -3.8% |
| 2006 | 10.4% | -2.4% |
| 2005 | 10.7% | -6.6% |
| 2004 | 11.4% | -11.8% |
| 2003 | 13.0% | -17.4% |
| 2002 | 15.7% | -12.3% |
| 2001 | 17.9% | -26.7% |
| 2000 | 24.4% |
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).