Australia: Real interest rate (%)
In , Australia's Real interest rate (%) was 1.57.
That's down 53.2% from 2018, the highest value since .
The global average for this indicator in 2019 was 4.28 .
Source: World Bank Open Data (FR.INR.RINR) • Data as of 2019
Trend (2005–2019)
- 2008 · Global financial crisis
- 2014 · Oil price collapse
Highlights
- Peak
- 6.32
- Trough
- 0.98
- 1-year change
- -53.2%
- 5-year change
- -64.9%
- -18.9% / yr
- 10-year change
- +60.1%
- +4.8% / yr
Historical Data — Last 10 Years
| Year | Real interest rate (%) |
|---|---|
| 1.5698 | |
| 3.3528 | |
| 1.5430 | |
| 6.1356 | |
| 6.2416 | |
| 4.4696 | |
| 6.3187 | |
| 5.0863 | |
| 1.4488 | |
| 6.0436 |
About Real interest rate (%)
An interest rate is the amount charged, expressed as a percentage of the principal over a period of time, by the owners of certain kinds of financial assets for putting the financial assets at the disposal of another institutional unit. The real interest rate is the lending interest rate adjusted for inflation as measured by the GDP deflator. The terms and conditions attached to lending rates differ by country, however, limiting their comparability. This indicator is expressed as a percentage (a÷b)*100.
Indicator code: FR.INR.RINR • Category: Trade & Finance
Frequently asked questions
- What was Australia's Real interest rate (%) in 2019?
- In 2019, Australia's Real interest rate (%) was 1.57, according to World Bank Open Data.
- Is Australia's Real interest rate (%) rising or falling?
- Australia's Real interest rate (%) fell 53.2% from 2018 to 2019.
- How does Australia's Real interest rate (%) compare to the world average?
- The global average for Real interest rate (%) in 2019 was 4.28, so Australia is below the world average.
- What is Real interest rate (%) and how is it measured?
- An interest rate is the amount charged, expressed as a percentage of the principal over a period of time, by the owners of certain kinds of financial assets for putting the financial assets at the disposal of another institutional unit. The real interest rate is the lending interest rate adjusted for inflation as measured by the GDP deflator. The terms and conditions attached to lending rates differ by country, however, limiting their comparability. This indicator is expressed as a percentage (a÷b)*100.
Source: World Bank Open Data (FR.INR.RINR), CC BY 4.0.