Real Interest Rate Trends 2009
Explore real interest rate trends, indicating the inflation-adjusted cost of borrowing, across different countries.
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Complete Data Rankings
Rank | Actions | ||
|---|---|---|---|
1 | Trinidad and Tobago | 54.678 % | |
2 | Azerbaijan | 48 % | |
3 | Iraq | 44.331 % | |
4 | Oman | 43.178 % | |
5 | Qatar | 41.254 % | |
6 | Libya | 41.046 % | |
7 | Congo, Democratic Republic of the | 40.278 % | |
8 | Madagascar | 35.248 % | |
9 | Angola | 34.94 % | |
10 | Brunei Darussalam | 34.806 % | |
11 | Brazil | 34.792 % | |
12 | Yemen | 29.252 % | |
13 | Laos | 28.544 % | |
14 | Kuwait | 28.158 % | |
15 | Paraguay | 27.987 % | |
16 | Bahrain | 24.062 % | |
17 | Kyrgyzstan | 21.74 % | |
18 | Gambia | 21.516 % | |
19 | Georgia | 20.439 % | |
20 | Mauritania | 19.93 % | |
21 | Mongolia | 19.484 % | |
22 | Peru | 18.594 % | |
23 | Nigeria | 18.18 % | |
24 | Republic of Moldova | 17.985 % | |
25 | Kosovo | 17.725 % | |
26 | Afghanistan | 17.543 % | |
27 | Liberia | 17.383 % | |
28 | Belize | 16.966 % | |
29 | Algeria | 16.598 % | |
30 | Malawi | 16.08 % | |
31 | Armenia | 15.871 % | |
32 | Papua New Guinea | 15.742 % | |
33 | Zambia | 15.634 % | |
34 | Myanmar | 15.298 % | |
35 | Bolivia | 15.146 % | |
36 | Sao Tome and Principe | 15.054 % | |
37 | Sierra Leone | 14.881 % | |
38 | Dominican Republic | 14.222 % | |
39 | Mozambique | 13.998 % | |
40 | Guyana | 13.236 % | |
41 | Russia | 13.08 % | |
42 | Romania | 12.665 % | |
43 | Malaysia | 11.782 % | |
44 | Venezuela | 11.33 % | |
45 | Barbados | 11.24 % | |
46 | Grenada | 11.004 % | |
47 | Honduras | 10.953 % | |
48 | North Macedonia | 10.843 % | |
49 | Saint Vincent and the Grenadines | 10.45 % | |
50 | Lesotho | 10.411 % | |
51 | Samoa | 10.233 % | |
52 | Saint Lucia | 10.231 % | |
53 | Micronesia (Fed. States of) | 10.127 % | |
54 | Mauritius | 9.901 % | |
55 | Guatemala | 9.893 % | |
56 | Albania | 9.838 % | |
57 | Comoros | 9.421 % | |
58 | Tajikistan | 9.355 % | |
59 | Sri Lanka | 9.248 % | |
60 | Guinea-Bissau | 9.153 % | |
61 | Costa Rica | 9.136 % | |
62 | Rwanda | 9.058 % | |
63 | Bhutan | 8.931 % | |
64 | Antigua and Barbuda | 8.857 % | |
65 | Cabo Verde | 8.849 % | |
66 | Aruba | 8.846 % | |
67 | Colombia | 8.595 % | |
68 | Croatia | 8.325 % | |
69 | Bosnia and Herzegovina | 7.733 % | |
70 | Nicaragua | 7.552 % | |
71 | Ukraine | 7.31 % | |
72 | Jordan | 7.214 % | |
73 | Iceland | 7.169 % | |
74 | Bulgaria | 7.117 % | |
75 | Iran | 7.076 % | |
76 | Montenegro | 6.878 % | |
77 | Senegal | 6.781 % | |
78 | Bahamas | 6.605 % | |
79 | Hungary | 6.547 % | |
80 | Fiji | 6.374 % | |
81 | Bangladesh | 6.147 % | |
82 | Uruguay | 6.139 % | |
83 | Indonesia | 5.748 % | |
84 | Philippines | 5.673 % | |
85 | Saint Kitts and Nevis | 5.513 % | |
86 | Tanzania | 5.492 % | |
87 | China | 5.4 % | |
88 | China, Hong Kong SAR | 5.396 % | |
89 | Haiti | 5.132 % | |
90 | Solomon Islands | 5.048 % | |
91 | Suriname | 4.852 % | |
92 | Canada | 4.833 % | |
93 | India | 4.809 % | |
94 | San Marino | 4.696 % | |
95 | Thailand | 4.572 % | |
96 | China, Macao SAR | 4.305 % | |
97 | Jamaica | 4.277 % | |
98 | State of Palestine | 4.256 % | |
99 | New Zealand | 3.915 % | |
100 | Namibia | 3.902 % | |
101 | Côte d'Ivoire | 3.725 % | |
102 | Vietnam | 3.628 % | |
103 | Burundi | 3.596 % | |
104 | Chile | 3.546 % | |
105 | Czech Republic | 3.259 % | |
106 | Italy | 2.932 % | |
107 | South Africa | 2.803 % | |
108 | United States | 2.617 % | |
109 | Burkina Faso | 2.512 % | |
110 | Benin | 2.377 % | |
111 | Singapore | 2.356 % | |
112 | Switzerland | 2.265 % | |
113 | Belarus | 2.212 % | |
114 | Japan | 2.199 % | |
115 | Malta | 2.176 % | |
116 | South Korea | 2.075 % | |
117 | Pakistan | 1.925 % | |
118 | Togo | 1.804 % | |
119 | Mexico | 1.731 % | |
120 | Netherlands | 1.539 % | |
121 | Dominica | 1.257 % | |
122 | Panama | 1.216 % | |
123 | Eswatini | 1.1 % | |
124 | Australia | 0.98 % | |
125 | Niger | 0.756 % | |
126 | Egypt | 0.71 % | |
127 | Lebanon | -0.649 % | |
128 | Mali | -0.998 % | |
129 | Botswana | -1.176 % | |
130 | United Kingdom | -1.336 % | |
131 | Serbia | -1.444 % | |
132 | Maldives | -2.114 % | |
133 | Seychelles | -10.013 % | |
134 | Kenya | -10.096 % | |
135 | Uganda | -34.743 % |
- #1
Trinidad and Tobago
- #2
Azerbaijan
- #3
Iraq
- #4
Oman
- #5
Qatar
- #6
Libya
- #7
Congo, Democratic Republic of the
- #8
Madagascar
- #9
Angola
- #10
Brunei Darussalam
Analysis: These countries represent the highest values in this dataset, showcasing significant scale and impact on global statistics.
- #135
Uganda
- #134
Kenya
- #133
Seychelles
- #132
Maldives
- #131
Serbia
- #130
United Kingdom
- #129
Botswana
- #128
Mali
- #127
Lebanon
- #126
Egypt
Context: These countries or territories have the lowest values, often due to geographic size, administrative status, or specific characteristics.
Analysis & Context
In 2009, the country with the highest Real Interest Rate Trends was Trinidad and Tobago, with a rate of 54.68%, while the global range spanned from -34.74% to 54.68%. The average real interest rate among the 135 countries with available data was 10.82%, providing a broad context for the economic environment that year.
Economic Drivers Behind High Real Interest Rates
Countries like Trinidad and Tobago, Azerbaijan, and Iraq led the list with exceptionally high real interest rates of 54.68%, 48.00%, and 44.33% respectively. These elevated rates often reflect a combination of factors, including high inflation adjustments and monetary policies aimed at stabilizing the local currency. For instance, Trinidad and Tobago and Azerbaijan are resource-rich nations where economic volatility can drive central banks to maintain high interest rates to curb inflation and protect foreign exchange reserves. Such policies are crucial in oil-dependent economies where global price fluctuations can profoundly impact fiscal stability.
Negative Real Interest Rates: Economic Context
At the other end of the spectrum, Uganda recorded the lowest real interest rate at -34.74%, followed by Kenya and Seychelles with rates of -10.10% and -10.01%, respectively. Negative real interest rates can occur when inflation outpaces nominal interest rates, effectively reducing the cost of borrowing. This situation might indicate attempts to stimulate economic growth or reflect external pressures such as commodity price shocks or political instability, which can lead to aggressive monetary easing.
Year-over-Year Changes: Significant Shifts
In 2009, significant year-over-year changes in real interest rates were observed. Trinidad and Tobago experienced the largest increase by 63.85%, reflecting a strategic response to economic pressures. Similarly, Oman and Libya saw increases of 62.64% and 55.36%, respectively. Such substantial increases often result from abrupt policy shifts or major economic developments. Conversely, Uganda faced the most considerable decrease, dropping by 47.99%, which could indicate severe economic distress or a strategic shift towards more accommodative monetary policies.
Regional Variations and Policy Implications
Real interest rate trends in 2009 also highlighted regional variations influenced by economic policies and external factors. For example, many African nations like Uganda and Kenya exhibited negative rates, often a sign of developmental strategies focused on growth through increased lending. Meanwhile, Middle Eastern countries such as Oman and Qatar maintained high rates, reflecting their economic reliance on oil and the necessity to manage inflation and currency stability. These disparities underscore the importance of tailoring monetary policies to the specific challenges and opportunities faced by each region, particularly in a year marked by global financial upheaval.
Overall, the real interest rate trends in 2009 reveal a complex interplay of economic policies, inflationary pressures, and global economic conditions. Understanding these dynamics is crucial for policymakers aiming to balance growth, stability, and inflation in diverse economic contexts.
Frequently Asked Questions About Real Interest Rate Trends in 2009
Which country had the highest real interest rate in 2009?
Trinidad and Tobago had the highest real interest rate in 2009, at 54.68%.
Which country had the lowest real interest rate in 2009?
Uganda had the lowest real interest rate in 2009, at -34.74%.
What was the average real interest rate across all countries in 2009?
The average real interest rate across all countries in 2009 was 10.82%.
What was the median real interest rate value in 2009?
The median real interest rate value in 2009 was 8.33%.
How many countries are included in the 2009 real interest rate dataset?
The 2009 real interest rate dataset includes 135 countries.
What is the range of real interest rates in 2009 from the highest to the lowest?
The range of real interest rates in 2009 spans from 54.68% in Trinidad and Tobago to -34.74% in Uganda.
Insights by country
Bolivia
In 2009, Bolivia achieved a global rank of #35 out of 135 countries for its Real Interest Rate Trends with a value of 15.1460374391763 %. This rate was significantly higher than the average for Latin America, reflecting a more aggressive monetary policy aimed at controlling inflation. Contributing factors include Bolivia's unique economic landscape, characterized by a reliance on natural gas exports and government interventions that influence interest rates.
Malaysia
In 2009, Malaysia achieved a global rank of #43 with a Real Interest Rate Trends value of 11.7823929563059 %. This figure was significantly higher than many regional peers, indicating a robust return on investments compared to countries with lower rates. Contributing factors include Malaysia's strong economic growth driven by manufacturing and exports, as well as effective monetary policies aimed at controlling inflation and stimulating investment.
Algeria
In 2009, Algeria achieved a global rank of #29 with a Real Interest Rate Trends value of 16.5976144696892 %. This rate was significantly higher than the global average, indicating a more aggressive monetary policy aimed at controlling inflation. Contributing factors include Algeria's reliance on hydrocarbon revenues, which influenced its economic stability and interest rate decisions, as well as efforts to attract foreign investment in a challenging economic environment.
Colombia
In 2009, Colombia achieved a global rank of #67 with a Real Interest Rate Trends value of 8.59454735357297%. This rate was notably higher than many of its regional peers, reflecting a more aggressive monetary policy stance aimed at curbing inflation. Key drivers of this trend included Colombia's efforts to stabilize its economy following years of conflict and the implementation of reforms to attract foreign investment, which increased demand for credit.
Mauritania
Mauritania achieved a global rank of #20 in Real Interest Rate Trends in 2009, with a value of 19.9304642105487 %. This figure is significantly higher than the global average, indicating a robust return on investments compared to many other nations.
The elevated real interest rates in Mauritania can be attributed to its ongoing economic reforms aimed at stabilizing the financial sector and attracting foreign investment, alongside a relatively high inflation rate that influences borrowing costs. Additionally, the country's strategic position in West Africa enhances its investment appeal, despite challenges in infrastructure and governance.
Vietnam
In 2009, Vietnam ranked #102 globally in Real Interest Rate Trends with a value of 3.62788141186044 %. This rate was lower than many of its Southeast Asian neighbors, reflecting a more cautious monetary policy environment. Contributing factors included Vietnam's efforts to control inflation and stabilize its economy during a period of rapid growth and investment, which influenced borrowing costs and savings rates.
Mozambique
Mozambique achieved a global rank of #39 in Real Interest Rate Trends with a value of 13.9983258157256 % in 2009. This rate was notably higher than many regional peers, reflecting a significant cost of borrowing in a developing economy. Contributing factors include Mozambique's reliance on foreign investment and the need to control inflation amid economic reforms, which have shaped its financial landscape.
Paraguay
In 2009, Paraguay achieved a global rank of #15 out of 135 countries for Real Interest Rate Trends, with a notable value of 27.9872353881339 %. This figure is significantly higher than the global average, reflecting a tight monetary policy aimed at controlling inflation. The high real interest rates were driven by Paraguay's efforts to stabilize its economy during a period of rapid growth and increased foreign investment, particularly in the agricultural sector.
Costa Rica
Costa Rica achieved a global rank of #61 with a Real Interest Rate Trends value of 9.13571646703882 % in 2009. This rate was significantly higher than the global average, reflecting the country's strong economic growth during this period. Contributing factors include Costa Rica's stable political environment and policies promoting foreign investment, which helped maintain robust economic activity despite regional challenges.
Sri Lanka
Sri Lanka ranked #59 globally in Real Interest Rate Trends in 2009, with a value of 9.2480117913198 %. This figure is notably higher than the global average, reflecting a tighter monetary policy aimed at combating inflation. Contributing factors to this high real interest rate include Sri Lanka's post-civil war economic recovery efforts and the need to stabilize the currency amidst external economic pressures.
Data Source
Real interest rate (%) - Germany
The World Bank provides comprehensive data on global economic indicators, including the real interest rate in Germany, which reflects the cost of borrowing adjusted for inflation. This dataset is part of a broader collection that offers insights into various financial and economic metrics across countries.
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