Lending interest rate in Somalia
Somalia: Lending interest rate was 33.7% in 1988. ◆ Volatile
Lending interest rate in Somalia, 1975–1988
Source: International Financial Statistics database, International Monetary Fund (IMF). Measured in %.
Analysis
Somalia recorded 33.7% for lending interest rate in 1988. That is the highest value across all 14 years on record.
Compared with earlier readings it is up 53.0% on the previous year and up 381.0% over ten years.
Over the whole period, lending interest rate in Somalia peaked at 33.7% in 1988 and was at its lowest, 7.0%, in 1975.
Somalia ranks 6th of 148 countries on this measure, in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 7.1% | 7.0% | 7.5% | 5 |
| 1980s | 16.5% | 7.5% | 33.7% | 9 |
Countries ranked near Somalia
More financial sector data for Somalia
- Net migration 12,077 (2025)
- Net domestic credit 16.43 trillion current LCU (2024)
- Domestic credit to private sector by banks 5.4% (2024)
- Net foreign assets 33.98 trillion current LCU (2024)
- Claims on central government, etc. -0.9% (2024)
- Monetary Sector credit to private sector 5.4% (2024)
- Domestic credit to private sector 5.4% (2024)
- Broad money 26.1% (1989)
- Official exchange rate 23,098 LCU per US$, period average (2017)
- Claims on private sector 100.1% (1989)
Frequently asked questions
- What is lending interest rate in Somalia?
- Lending interest rate in Somalia was 33.7% in 1988, according to International Financial Statistics database, International Monetary Fund (IMF).
- What is the highest lending interest rate recorded in Somalia?
- The highest recorded value was 33.7% in 1988.
- What is the lowest lending interest rate recorded in Somalia?
- The lowest recorded value was 7.0% in 1975.
- How does Somalia rank for lending interest rate?
- Somalia ranks 6th out of 148 countries with data for 1988.
- Is lending interest rate rising or falling in Somalia?
- Over the last ten years it is up 381.0%. The long-run trend across the full record is volatile.
- Where does this Somalia data come from?
- The figures come from International Financial Statistics database, International Monetary Fund (IMF), published as part of Lending interest rate (%). Statizoid updates them automatically from the source API.
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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.