Malawi vs Somalia: Lending interest rate
Malawi
37.1%
in 2024
Somalia
33.7%
in 1988
Malawi rank
5th
Somalia rank
6th
Lending interest rate over time
- Malawi
- Somalia
How they compare
Malawi currently reports 37.1% against 33.7% in Somalia, a difference of 3.4%.
That makes Malawi's figure about 1.1 times Somalia's.
The two have swapped places 1 time across 10 shared years of data; in 1979 it was Malawi ahead.
Globally, Malawi ranks 5th and Somalia ranks 6th of 148 countries.
Individual pages
About this data
Lending rate is the bank rate that usually meets the short- and medium-term financing needs of the private sector. This rate is normally differentiated according to creditworthiness of borrowers and objectives of financing. The terms and conditions attached to these rates differ by country, however, limiting their comparability.