South Africa—Real Interest Rate (%)
Category: Fiscal & MonetarySource: World Bank World Development Indicators ↗Global Rank: #34 of 112Updated April 2026
Latest Value
7.4%
2024
YoY Change
+14.6%
2023 → 2024
Global Rank
#34
of 112 countries
Maximum
8.0%
2003
Minimum
0.6%
2021
CAGR
+1.8%
25 years
Last
7.4%
Previous
6.5%
Highest
8.0%
Lowest
0.6%
Source
World Bank World Development Indicators
South Africa's real interest rate (%) was 7.4% in 2024, ranking #34 out of 112 countries. This represents a +14.6% change from 2023. Over the past 25 years, the highest recorded value was 8.0% (2003) and the lowest was 0.6% (2021). Data sourced from the World Bank World Development Indicators.
Source: World Bank World Development Indicators
Historical Data
| Year | Value | Change |
|---|---|---|
| 2024 | 7.4% | +14.6% |
| 2023 | 6.5% | +91.8% |
| 2022 | 3.4% | +467.0% |
| 2021 | 0.6% | -72.9% |
| 2020 | 2.2% | -58.3% |
| 2019 | 5.3% | -10.0% |
| 2018 | 5.9% | +26.0% |
| 2017 | 4.6% | +41.8% |
| 2016 | 3.3% | -10.6% |
| 2015 | 3.7% | +2.8% |
| 2014 | 3.6% | +42.2% |
| 2013 | 2.5% | -35.4% |
| 2012 | 3.9% | +18.4% |
| 2011 | 3.3% | -6.1% |
| 2010 | 3.5% | +24.6% |
| 2009 | 2.8% | -58.5% |
| 2008 | 6.7% | +48.4% |
| 2007 | 4.5% | -5.5% |
| 2006 | 4.8% | +1.0% |
| 2005 | 4.8% | -3.8% |
| 2004 | 5.0% | -38.5% |
| 2003 | 8.0% | +182.0% |
| 2002 | 2.9% | -48.5% |
| 2001 | 5.5% | +13.7% |
| 2000 | 4.9% |
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 |