Gambia, The: Real interest rate (%)
In , Gambia, The's Real interest rate (%) was 15.32.
That's up 147.7% from 2023, the highest value since .
The global average for this indicator in 2024 was 4.28 . Gambia, The ranks #4 globally out of 85 reporting countries. Within Sub-Saharan Africa, it ranks #2 of 19.
Source: World Bank Open Data (FR.INR.RINR) • Data as of 2024
Trend (2005–2024)
- 2008 · Global financial crisis
- 2020 · COVID-19 pandemic
- 2014 · Oil price collapse
- 2022 · Russia–Ukraine war begins
Highlights
- Peak
- 29.59
- Trough
- 6.18
- 1-year change
- +147.7%
- 5-year change
- -25.2%
- -5.6% / yr
- 10-year change
- -30.8%
- -3.6% / yr
Historical Data — Last 10 Years
| Year | Real interest rate (%) |
|---|---|
| 15.3153 | |
| 6.1826 | |
| 9.3578 | |
| 11.2848 | |
| 25.2584 | |
| 20.4681 | |
| 19.6801 | |
| 24.1319 | |
| 22.1347 | |
| 20.8309 |
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 Gambia, The's Real interest rate (%) in 2024?
- In 2024, Gambia, The's Real interest rate (%) was 15.32, according to World Bank Open Data.
- Is Gambia, The's Real interest rate (%) rising or falling?
- Gambia, The's Real interest rate (%) rose 147.7% from 2023 to 2024.
- How does Gambia, The rank globally on Real interest rate (%)?
- In 2024, Gambia, The ranked #4 out of 85 countries reporting Real interest rate (%).
- How does Gambia, The's Real interest rate (%) compare to the world average?
- The global average for Real interest rate (%) in 2024 was 4.28, so Gambia, The is above the world average. Within Sub-Saharan Africa, it ranks #2 of 19.
- 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.