Iraq: Real interest rate (%)
In , Iraq's Real interest rate (%) was 57.63.
That's up 215.1% from 2014, the highest value on record.
The global average for this indicator in 2015 was 4.28 .
Source: World Bank Open Data (FR.INR.RINR) • Data as of 2015
Trend (2005–2015)
- 2008 · Global financial crisis
- 2014 · Oil price collapse
Highlights
- Peak
- 57.63
- Trough
- -16.52
- 1-year change
- +215.1%
- 5-year change
- +3,098.1%
- 10-year change
- +448.9%
Historical Data — Last 10 Years
| Year | Real interest rate (%) |
|---|---|
| 57.6259 | |
| 18.2891 | |
| 13.5879 | |
| 10.9066 | |
| -8.4679 | |
| -1.9221 | |
| 44.3310 | |
| -8.4197 | |
| 3.7962 | |
| -7.0530 |
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 Iraq's Real interest rate (%) in 2015?
- In 2015, Iraq's Real interest rate (%) was 57.63, according to World Bank Open Data.
- Is Iraq's Real interest rate (%) rising or falling?
- Iraq's Real interest rate (%) rose 215.1% from 2014 to 2015.
- How does Iraq's Real interest rate (%) compare to the world average?
- The global average for Real interest rate (%) in 2015 was 4.28, so Iraq is above 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.