Which Economy Suffers from the Highest Real Interest Rates?

Real Interest Rate (%), 2024 or latest
Economy | September 1, 2025
$2.99
Excel Sheet

Based on a comparison of 83 countries in 2024, Madagascar ranked the highest in real interest rate with 42.9% followed by Brazil and East Timor. On the other end of the scale was Zimbabwe with -73.5%, South Sudan with -58.6% and Argentina with -47.5%.

Data for more countries are available at Real Interest Rate indicator page.

Real Interest Rate Unit 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Armenia % 9.73% 11.0% 9.64% 4.55% 3.46%
Azerbaijan % 4.69% 17.5% 26.7% -4.25% -16.5%
Bolivia % 4.83% 9.16% 9.63% 3.91% 2.51% ...
Brazil % 33.1% 31.9% 21.2% 15.0% 28.4%
Colombia % 7.15% 7.47% 8.25% 1.42% 0.768%
Dominican Republic % 7.65% 8.58% 5.24% 2.23% 2.10%
East Timor % 15.6% 8.99% 41.5% -30.2% -0.354%
Honduras % 15.6% 13.5% 13.2% 10.9% 4.84%
Kyrgyzstan % 15.5% 8.36% 11.1% 0.543% -0.829%
Madagascar % 43.5% 39.9% 42.7% 39.5% 35.8% ...
Maldives % 7.06% 12.6% 15.5% 8.50% 7.27%
Mozambique % 18.5% 13.6% 13.5% 13.0% 10.1%
Papua New Guinea % -0.658% 7.51% 5.97% -3.54% -6.12% ...
Rwanda % 17.7% 13.7% 9.03% 12.9% 0.495%
Seychelles % 8.57% 12.5% 6.06% 6.24% 7.42%

Related Indicators