Mongolia: Real interest rate (%)
In , Mongolia's Real interest rate (%) was 1.39.
That's down 89.1% from 2020, the highest value since .
The global average for this indicator in 2021 was 4.28 .
Source: World Bank Open Data (FR.INR.RINR) • Data as of 2021
Trend (2005–2021)
- 2008 · Global financial crisis
- 2020 · COVID-19 pandemic
- 2014 · Oil price collapse
Highlights
- Peak
- 19.48
- Trough
- -13.73
- 1-year change
- -89.1%
- 5-year change
- -91.5%
- -38.9% / yr
- 10-year change
- +7.1%
- +0.7% / yr
Historical Data — Last 10 Years
| Year | Real interest rate (%) |
|---|---|
| 1.3867 | |
| 12.7513 | |
| 6.3874 | |
| 9.0345 | |
| 8.3091 | |
| 16.2617 | |
| 18.8381 | |
| 10.7741 | |
| 15.1341 | |
| 4.7253 |
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 Mongolia's Real interest rate (%) in 2021?
- In 2021, Mongolia's Real interest rate (%) was 1.39, according to World Bank Open Data.
- Is Mongolia's Real interest rate (%) rising or falling?
- Mongolia's Real interest rate (%) fell 89.1% from 2020 to 2021.
- How does Mongolia's Real interest rate (%) compare to the world average?
- The global average for Real interest rate (%) in 2021 was 4.28, so Mongolia 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.