Nigeria - Bank Lending Interest Rate
Since 2014, Nigeria Bank Lending Interest Rate decreased by 1.5points year on year. In 2019, the country was number 29 comparing other countries in Bank Lending Interest Rate with 15.38 Percent. Nigeria is overtaken by South Sudan, which was ranked number 28 with 15.65 Percent and is followed by East Timor at 15.36 Percent. Argentina lead the ranking with 67.25 Percent in 2019, an increase of 38.6points compared to 2018. Madagascar, Brazil and Gambia respectively ranked number 2, 3 and 4 in this ranking. Argentina recorded the best 5 years average growth at +22.9points per year, while New Zealand was the worst growing country at -31.5points per year.
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| Date | Percent |
|---|---|
| 2019 | 15.38 |
| 2018 | 16.90 |
| 2017 | 17.55 |
| 2016 | 16.87 |
| 2015 | 16.85 |
Download all data from 1970 to 2019
How does Nigeria rank in Bank Lending Interest Rate?
| # | 136 Countries | Percent | Last | YoY | 5‑years CAGR | ||
|---|---|---|---|---|---|---|---|
| 1 |
#1
Argentina
|
67.25 % | 2019 | +38.6 % | +22.9 % | View data | |
| 2 |
#2
Madagascar
|
49.00 % | 2019 | -11.5 % | -4.0 % | View data | |
| 28 |
#28
South Sudan
|
15.65 % | 2019 | -3.3 % | -3.5 % | View data | |
| 29 |
#29
Nigeria
|
15.38 % | 2019 | -9.0 % | -1.5 % | View data | |
| 30 |
#30
East Timor
|
15.36 % | 2019 | +14.2 % | +3.6 % | View data | |