Brazil vs Nigeria: Deposit interest rate

Brazil

7.7%

in 2024

Nigeria

7.8%

in 2023

Brazil rank

29th

Nigeria rank

28th

Deposit interest rate over time

Brazil
Nigeria

How they compare

Nigeria currently reports 7.8% against 7.7% in Brazil, a difference of 0.1%.

The two have swapped places 6 times across 42 shared years of data; in 1982 it was Brazil ahead.

Globally, Brazil ranks 29th and Nigeria ranks 28th of 152 countries.

Individual pages

Deposit interest rate in Brazil
Deposit interest rate in Nigeria
Full country ranking

About this data

Indicator: Deposit interest rate (%)
Unit: %
Source: International Financial Statistics database, International Monetary Fund (IMF)
Licence: CC BY 4.0 (World Bank Open Data)
Coverage: 152 places, 4,967 data points, 1960–2025
Last refreshed: 06 August 2026

Deposit interest rate is the rate paid by commercial or similar banks for demand, time, or savings deposits. The terms and conditions attached to these rates differ by country, however, limiting their comparability. This indicator is expressed as a percentage (a÷b)*100.