Argentina Real Interest Rate
Real interest rate FR.INR.RINR
Argentina's real interest rate was -44.30% in 2025, ranked 96th globally. This represents a 6.6% increase from 2024. Data from World Bank, covering 2010–2025.
Overview
Argentina's real interest rate stood at -44.30% in 2025, a rise of +3.14pp from 2024. Based on recent trends, this figure is projected to reach -44.30% by 2025. Argentina ranked 96th globally.
Argentina’s real interest rate has swung dramatically over the 16‑year span from 2010 to 2025, moving from a modest -8.57% in 2010 to an all‑time peak of 12.10% in 2019 before plunging to a historic trough of -47.43% in 2024. The latest World Bank estimate for 2025 records the rate at -44.30%, placing Argentina 96th globally and positioning it well below peers such as Zimbabwe, whose real rate stands at -35.70%, and far beneath South Sudan’s -63.41% shock level. The sharp reversal after 2019 reflects the combined impact of persistent inflation, fiscal deficits and repeated sovereign debt restructurings, which have eroded real returns on capital and heightened the cost of borrowing in real terms. While the negative trajectory has moderated slightly from the 2024 trough, any credible fiscal consolidation, inflation anchoring and external financing improvements would be required to reverse the downward swing and restore a positive real interest environment.
Data & projection
| Year | Real Interest Rate | YoY change | Rank |
|---|---|---|---|
| 2027* trend | -61.29% | - | - |
| 2026* trend | -52.79% | - | - |
| 2025* trend | -44.30% | - | - |
| 2025 | -44.30% | +3.14pp | #96 |
| 2024 | -47.43% | −30.18pp | #1 |
| 2023 | -17.25% | −7.43pp | #3 |
| 2022 | -9.82% | +2.04pp | #13 |
| 2021 | -11.86% | −4.23pp | #8 |
| 2020 | -7.64% | −19.74pp | #3 |
| 2019 | 12.10% | +7.54pp | #101 |
| 2018 | 4.56% | +4.11pp | #57 |
| 2017 | 0.46% | +7.46pp | #22 |
| 2016 | -7.01% | −5.69pp | #4 |
| 2015 | -1.31% | +10.29pp | #4 |
| 2014 | -11.60% | −6.11pp | #1 |
| 2013 | -5.49% | +1.26pp | #3 |
| 2012 | -6.75% | +1.03pp | #3 |
| 2011 | -7.77% | +0.79pp | #11 |
Detected Pattern
Analysis
Argentina matched the Orthodox Tightening Cycle pattern in 2024. Historically, 57% of countries showing this pattern (177 out of 311) saw real interest rate improve within 24 months. View full analysis →
Frequently Asked Questions
Argentina's real interest rate was -44.30% in 2025. Ranked 96th globally. This represents a 6.6% increase from the previous year.
Argentina's real interest rate peaked at 12.10% in 2019.
The lowest real interest rate in Argentina was -47.43% in 2024.
Argentina ranks 96th globally in real interest rate as of 2025.
The World Bank indicator code is FR.INR.RINR. Data sourced from World Bank.
Argentina's real interest rate is projected to reach -44.30% by 2025 based on trend extrapolation.
The real interest rate of Argentina in 2025 was -44.30%. This ranks 96th in the world.
Cite this page
@misc{historysaid_argentina_real-interest-rate,
title = {Argentina Real Interest Rate},
url = {https://historysaid.com/argentina/real-interest-rate/},
publisher = {HistorySaid},
year = {2026}
}