Grenada vs Philippines: Real interest rate
Real interest rate over time
- Grenada
- Philippines
How they compare
Philippines currently reports 6.4% against 6.2% in Grenada, a difference of 0.2%.
The two have swapped places 12 times across 38 shared years of data; in 1982 it was Philippines ahead.
Globally, Grenada ranks 56th and Philippines ranks 54th of 148 countries.
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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.