Australia vs Mongolia: Real interest rate
Real interest rate over time
- Australia
- Mongolia
How they compare
Australia currently reports 1.6% against 1.4% in Mongolia, a difference of 0.2%.
That makes Australia's figure about 1.1 times Mongolia's.
The two have swapped places 4 times across 22 shared years of data; in 1998 it was Mongolia ahead.
Globally, Australia ranks 110th and Mongolia ranks 112th of 148 countries.
Individual pages
About this data
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.