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Indicator

Real Interest Rate by African country

2025

Lending interest rate adjusted for inflation as measured by the GDP deflator.

Africa, 202517 of 54 countries
7.7%population-weighted average
Highest in 2025Madagascar · 47.6%Lowest in 2025South Sudan · −55.0%Reported in 202517 of 54 countries surveyed
Click a country to pin it — pinned countries are named on the map. Hatching means no record.
Western Sahara — no separate recordTanzania — no dataDemocratic Republic of the Congo — 15.1%Somalia — no dataKenya — no dataSudan — no dataChad — no dataSouth Africa — 7.7%Lesotho — no dataZimbabwe — −20.1%Botswana — no dataNamibia — no dataSenegal — no dataMali — no dataMauritania — no dataBenin — no dataNiger — no dataNigeria — 4.0%Cameroon — no dataTogo — no dataGhana — no dataCote d'Ivoire — no dataGuinea — no dataGuinea-Bissau — no dataLiberia — 8.1%Sierra Leone — 18.3%Burkina Faso — no dataCentral African Republic — no dataRepublic of the Congo — no dataGabon — no dataEquatorial Guinea — no dataZambia — no dataMalawi — no dataMozambique — 18.7%Eswatini — no dataAngola — −0.9%Burundi — −4.9%Madagascar — 47.6%Gambia — 13.1%Tunisia — no dataAlgeria — 7.2%Eritrea — no dataMorocco — no dataEgypt — no dataLibya — no dataEthiopia — no dataDjibouti — no dataUganda — no dataRwanda — no dataSouth Sudan — −55.0%Nigeria 4.0%Nigeria 4.0%EthiopiaEthiopiaKenyaKenyaSouth Africa 7.7%South Africa 7.7%2025HIGHEST IN 2025Madagascar47.6%Mozambique18.7%Sierra Leone18.3%Democratic Republic of the Congo15.1%Gambia13.1%LOWEST IN 2025South Sudan−55.0%Zimbabwe−20.1%Burundi−4.9%Angola−0.9%Nigeria4.0%PINNEDEthiopiano dataKenyano dataSouth Africa7.7%7 of 17OTHER ISLAND STATES · NOT DRAWNCabo Verdenot drawn5.9%Comorosnot drawnno dataMauritiusnot drawn4.9%Sao Tome and Principenot drawn5.2%Seychellesnot drawn7.1%% per year · quintiles of the observed range−55%−0.9%5.2%7.2%13.1%47.6%no record
20142025
World Bank · national statistics offices · the provider's own estimates where a country has not reportedCC BY 4.0
Countries

By region

Population-weighted, so a region’s figure is the share of its people, not the average of its countries.
Middle Africa3 of 9 countries11.0%
Eastern Africa7 of 18 countries10.2%
Southern Africa1 of 5 countries7.7%
Northern Africa1 of 6 countries7.2%
Western Africa5 of 16 countries4.7%
Africaall 54 countries · 17 with a 2025 figure7.7%

What to know before you quote this

Specific to this series. For how we treat data generally, see methods.
37 countries have no usable 2025 recordNot a low value — no figure within the window. Benin, Botswana, Burkina Faso, Cameroon, Central African Republic and 32 more are hatched on the map and blank in the table.
Certainty is judged year by yearA country can be Reported in one year and Modelled the next. The tag follows the year on the scrubber, so the 2025 assessment is not a verdict on the whole series.

About this data

Real Interest RateLending interest rate adjusted for inflation as measured by the GDP deflator.
SourceWorld Bank, with processing by Africa API
Unit% per year
Last updated15 Oct 2026
Next expected updateOct 2027
Date range1961–2025
Coverage17 of 54 countries · 17 reported, 0 modelled, 37 with no usable figure

How the figure is made

ReportedA national statistics office or the original provider published the figure for that year directly. 17 countries did so for 2025 — the certainty shown on this page is that 2025 assessment, not a per-series one.ModelledNo direct figure that year. The provider’s own estimate, interpolation or projection stands in, and is marked as such wherever it appears.No dataNo usable figure within the window. Drawn hatched on the map and left blank in the table — not zero, and not filled in.

These three states are used the same way across every indicator on the site — how we treat certainty explains the full set and what we never do to a number.

Reuse and cite

Everything on this page is open under CC BY 4.0 — use it anywhere, including commercially, as long as Africa API and the original provider are credited. The provider’s own licence still applies to their data.

How to cite this page
Africa API (2026) — "Real Interest Rate". Data adapted from World Bank. Retrieved 18 Oct 2026 from africa-api.com/indicators/real-interest-rate
The request behind this view
GET /v1/data?metric_key=real_interest_rate_pct&year=2025&limit=100

Read next

The measures that explain this one.
EconomyGDPGross domestic product in current US dollars.EconomyGDP per CapitaGross domestic product divided by mid-year population, in current US dollars.EconomyInflation RateLatest year-on-year consumer price inflation.

Real Interest Rate: most recent figure per country, highest to lowest

25 countries · each with its own period

The figures at the top of the page compare every country in the same year. This list takes each country’s newest figure instead, whatever its period, so the order can differ.

#CountryReal Interest RatePeriod
1Madagascar47.6%2025
2Mozambique18.7%2025
3Sierra Leone18.3%2025
4Democratic Republic of the Congo15.1%2025
5Gambia13.1%2025
6Kenya13%2024
7Malawi10%2024
8Eswatini9.5%2024
9Liberia8.1%2025
10South Africa7.7%2025
11Rwanda7.3%2024
12Algeria7.2%2025
13Seychelles7.1%2025
14Namibia6.4%2024
15Cabo Verde5.9%2025
16Sao Tome and Principe5.2%2025
17Lesotho4.9%2024
18Mauritius4.9%2025
19Botswana4.2%2024
20Nigeria4%2025
21Angola-0.9%2025
22Burundi-4.9%2025
23Egypt-7%2024
24Zimbabwe-20.1%2025
25South Sudan-55%2025
Which observations are included?
The ranking includes 25 of 54 countries with available observations for 2023 or later and within 2 years of the freshest result. Each figure shows its reporting period. Countries without an eligible observation are omitted.
Does a higher value mean a better result?
The ranking is sorted by value, from highest to lowest. The order does not rate a country's performance. Interpretation depends on the indicator and its definition.

Embed this ranking

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