Chile vs Nigeria: Real interest rate
Real interest rate over time
- Chile
- Nigeria
How they compare
Nigeria currently reports 2.9% against 2.5% in Chile, a difference of 0.3%.
That makes Nigeria's figure about 1.1 times Chile's.
The two have swapped places 12 times across 34 shared years of data; in 1985 it was Nigeria ahead.
Globally, Chile ranks 98th and Nigeria ranks 96th 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.